Senior Compliance Analyst – Compliance / Legal Position

JOB SUMMARY

This position provides support to the Compliance Manager and performs related activities. This position assists in the design, implementation, and oversight of the Compliance Program for the company’s Defined Benefit Pension Plans (the “Plans”) and helps ensure the Plans follow industry and regulatory standards (which may include but are not limited to Employee Retirement Income Security Act [ERISA], Generally Accepted Accounting Principles, Sarbanes-Oxley, and Security Exchange Commission [SEC] rules) as well as company’s policies and procedures. This position interfaces with the Investments staff with respect to new and existing investment activity (e.g., performs legal and operational due diligence on new investments) and advises project managers on contract documentation needed to support investments. This position coordinates with internal and external counsel, investment managers, and service providers to implement or modify legal agreements.

Responsibilities 

• Supervises the Compliance function related to the administration of the Plans
• Reviews and advises on contract documentation and class actions
• Assists in contract negotiations (e.g. IMA, LPA, vendor agreements, etc.)
• Ensures appropriate governance documents are executed
• Manages Plan’s regulatory compliance requirements under ERISA, DOL, FATCA, SEC, and Dodd-Frank to ensure compliance
• Oversees structure and usage of “FactSet” and “Diligend” file management systems, including ensuring relevant legal and compliance records (amendments, disputes, discovery), and operational due diligence reports are maintained
• Completes Know Your Customer (KYC) documentation in relation to the Plans’ investments
• Confirms applicability and compliance with foreign filing and tax reclaim requirements.

Qualifications 

Requirements:

• Bachelor’s Degree or international equivalent
• LLB/JD

Preferences: 

• Bachelor’s degree or international equivalent in Economics, Business
• Related compliance / legal experience in a defined benefit plan pension environment

ELEMENTS / SKILLS / CREDENTIALS / NOTES

• LLB/JD is required; generally this has not been an issue in sourcing as it has been a “must have”  (i.e., we didn’t see resumes from non-qualified candidates)
• The ideal candidate has 1-2 years related work experience (i.e., compliance / legal) in a Defined Benefit (DB) pension plan environment; the DB plan experience has been the biggest obstacle
• It is also critical that person have very good communication and interpersonal skills as they will work with all Investments team members as well as internal and external counsel, investment managers and service providers

MUST HAVE

• LLB/JD
• 1-2 years related work experience (i.e., compliance / legal) in a Defined Benefit (DB) pension plan environment.

NICE TO HAVE

• Bachelor’s degree or international equivalent in Economics, Business