Minimum Qualifications • Juris Doctor and a member in good standing of the New York State Bar Association.
• Minimum of ten (10) years of extensive experience in investment advisory and/or compliance matters.
• Demonstrated knowledge of investment advisory products, advisory business operations, and legal compliance benchmarks.
• Experience in major law firm or large in-house department highly desired, a combination is a plus, working on investigations and litigation.
• Experience in supervision and management of large-scale cross-functional projects.
• Ability to collaborate with peers, managers and policymakers, and a demonstrated commitment to diversity and inclusion.
• Supervisory and management experience.
Duties Description The Investment Compliance Director, reporting to the NYSIF General Attorney, is responsible for the daily, weekly, and monthly monitoring of all agency investment functions. This includes, but is not limited to Best Execution Monitoring, the Personal Trading Policy, Permissible Securities, NYS Executive Order 157 Boycott, Divestment, and Sanctions (“BDS”), Portfolio Turnover, Securities Lending Compliance, and Investment Policy Statement Compliance.
This position will work with the Investment Department to refine, document, and develop processes, and review investment purchases, risk metrics, and discuss risk limit breaches. This position will also build on the foundation of various agency initiatives and integrate the following into the NYSIF’s operational matrix: lessons learned and identified benchmarks from the COVID-19 pandemic, cybersecurity, ESG (Environment, Science and Governance), and net-zero 2040.
Specific duties and responsibilities include, but are not limited to:
• Serve as an internal investment compliance advisor to the General Attorney and the Executive Director & CEO on the development of policies/procedures and a strategic roadmap related all investment activities and advise with detailed plans how the agency continues to progress forward to meet its expanding statutory mandates/obligations.
• Manage agency operational strategies, related to internal investment compliance, through the development and/or updating of criterion, and creation of operational plans including identification of resources (personal and non-personal), technologies, impacts, costs, and risks.
• Evaluate current and future agency initiatives and programs, related to internal investment compliance, to ensure high ethical standards, assess information and records, track internal and external activities that affect significant agency operations and recommend risk-mitigation measures, and identify and prioritize needed training needs for agency personnel.
• Develop mechanisms for the agency to stay relevant and competitive with its private sector peers and competitors, to ensure the agency evolves and adapts to federal/state directives and the needs/expectations of all policyholders, related to investment compliance.
• Identify and implement national and state-wide best practices, continuous improvement projects and policies/procedures, related to investment compliance.
• Develop, review, analyze, implement, monitor, and report on nation-wide legislative, budgetary and/or insurance initiatives which affect all agency investment activities.
• Maintain continued compliance with Section 87 of the New York State Workers’ Compensation Law.
• Build, establish and maintain relationships with multiple stakeholder groups, related to investment compliance best practices, including industry advocacy groups, professional organizations, and other federal/state government entities to develop and implement uniform policies and procedures where entities have the same jurisdiction.
• Conduct and perform duties/activities, as assigned, related to investment compliance which leverage the agency and the state to continue to lead the private sector insurance industry in policy areas and the provision of certain products/services.
• Perform the full range of supervisory functions/responsibilities including training and development, evaluations, hiring and discipline, mentoring, skill assessments, etc.
• Handle all other related/germane matters consistent with agency operations, including business process re-engineering.
Some positions may require additional credentials or a background check to verify your identity.