Compliance Manager

/Compliance Manager
Organization: Oregon State Treasury
City: Portland
State: OR
Country: United States

Oregon State Treasury (OST) is recruiting for a Compliance Manager that will be located in our Tigard, Oregon office in the Portland metro area.  This position will report to the General Counsel.

OST is led by the State Treasurer, a constitutional officer and statewide elected official.  The Treasurer serves as the chief financial officer for the state and is responsible for the prudent financial management of state money.  The Treasurer serves a four-year term, and, if reelected, may hold the position for two terms.  The current State Treasurer is Tobias Read, who was sworn into office in January 2017.

OST is a highly sophisticated organization with a wide range of financial responsibilities, including (1) managing the  state’s pension fund, (2) issuing all state debt, and (3) serving as the central bank for state agencies.  OST manages the daily investment of nearly $90 billion in assets, held in a diversified investment portfolio of domestic and international equities, fixed income securities, alternative and opportunistic investments, real estate and cash.  The 120+ member OST staff takes great pride in their statewide and national reputation for progressive approaches to service delivery.

OST operates a compliance program within OST’s Legal and Compliance Division.  The compliance program is independent of OST’s Investment Division.  Governance oversight is provided by the Compliance Executive Committee (CEC).

The primary purpose of this position is to oversee the development and growth of OST’s compliance program and to manage its day to day operations.  The Compliance Manager manages a program that monitors and evaluates portfolios, asset classes, and funds to determine compliance with OST policies, applicable regulatory requirements, and contractual obligations; ensures regulatory compliance of external investment managers; monitors and evaluates employee trading and compliance with OST policies and procedures; and verifies resolution within the appropriate time frame.  The Compliance Manager supervises all compliance staff.

OST offers an attractive benefit package that provides contributions toward Public Employee Benefit Board (PEBB) sponsored individual and family health and dental insurance and term life insurance.  Other benefits include participation in the Oregon Public Service Retirement Plan (OPSRP), paid holidays and paid vacation, and both sick and personal leave time.  Optional benefits include long- and short-term disability and participation in the Oregon Savings Growth Plan (a deferred compensation plan).

PUBLIC SERVICE LOAN FORGIVENESS PROGRAM:  If you are employed by a government or not-for-profit organization, you may be able to receive loan forgiveness under the Public Service Loan Forgiveness Program (PSLF).  Learn more to see whether you qualify at PSLF Program.
Duties & Responsibilities

What you’ll be doing….

As the Compliance Manager, you will create and build an effective OST compliance team and manage the
operation of the compliance program. Additionally, you will be expected to develop and maintain a high performing
compliance program. Other responsibilities include, but are not limited to:

  • Monitor, evaluate, and report on investment compliance for managed portfolios across all asset classes.Asset classes include equities and fixed income; and “alternative” asset classes including real estate, private equity, alternatives (real assets) and opportunity funds.
  • Oversee the effectiveness of OST compliance controls designed to prevent or mitigate various risks and to help ensure compliance with OST policies and applicable federal and state laws, rules and regulations. Recommend and implement improvements and best practices for the compliance team.
  • Regulatory reporting obligations to federal and state regulatory authorities, as applicable.
  • Support audit functions for internal and external audits for all managed portfolios by identifying areas of deficiency and implementation of a remediation plan.
  • Supervise compliance staff, performing informal and formal reviews of compliance staff’s performance.
  • Represent the Legal and Compliance Division and OST in other divisional, agency, and government task forces and committees.
  • Participate in professional organizations relevant to investments, investment compliance, risk management, government, administration, and leadership, as appropriate.
  • Report to OST management, the Compliance Executive Committee, and the Oregon Investment Council, as appropriate, on the activities and effectiveness of OST’s compliance group.

Qualifications, Required & Requested Skills

What we are looking for…

  • High standards of professionalism, ethics, and integrity;
  • Sensitivity to confidential matters;
  • A self-starter with the initiative to drive for results;
  • A highly organized and process-driven approach, with a strong attention to detail;
  • Outstanding interpersonal communication, collaboration skills, and leadership abilities;
  • Excellent analytical and problem solving skills and an ability to work under pressure;
  • An ability to thrive with change and manage others through change; and
  • An ability and willingness to travel.

What we want…

  • A bachelor’s degree in Business, Finance or a related field;
  • A minimum of five (5) years’ experience in investment compliance or minimum of seven (7) years’ relevant work experience in some combination of investment compliance and the investment industry;
  • Manage staff by clearly communicating expectations, accountabilities and providing performance feedback for continuous improvement. Mentor, develop and train direct reports;
  • An understanding of equity and fixed income products and trading; and
  • An understanding of financial instruments and investment products including equity, debt and derivative securities.

While not required, experience building out a program, particularly a compliance program, is preferred. A Certified Securities Compliance Professional (CSCP), Certified Compliance & Ethics Professional (CCEP), Chartered Financial Analyst (CFA) Charter or similar designation, or desire to work towards such designation(s), is preferred.  
Additional Information

To apply, please complete the following steps:

  1. Fill out the application
  2. Upload your resume
  3. Upload a cover letter that describes your experience, education and training related to the desired attributes listed below (no more than three pages in length):
  • Demonstrated knowledge of (1) compliance best practices and (2) fixed income, derivative, foreign exchange, and public equity markets, including: security types, commonly used metrics, industry terminology, portfolio management strategies, statistics, financial mathematics, and other skills necessary to evaluate compliance compared to relevant policies and procedures.
  • Demonstrated leadership skills with the ability to delegate, but maintain appropriate oversight responsibility.

This recruitment will be used to fill one current vacancy.  This is a management service position.  This recruitment may close at any time when we determine that we have a well-qualified applicant pool.

Prospective employees are subject to an extensive background check that may include, but not be limited to, validation of all application materials, prior employment and personal references, credit history, driving records and fingerprint-based state and federal criminal and civil records.  Adverse background data may be grounds for immediate disqualification.

OST does not offer visa sponsorships, and within three days of hire, the successful candidate will be required to complete the U.S. Department of Justice form I-9, confirming authorization to work in the United States.

Eligible veterans who meet the qualifications will be given veterans’ preference.  To receive preference you MUST attach appropriate documentation as outlined by the Department of Administrative Services at the following website: Veterans Resources.  You may also call the Oregon Department of Veterans’ Affairs at 1-800-692-9666

OST is an equal opportunity, affirmative action employer committed to a diverse workforce.

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