Sr. Compliance Analyst III Job Details

MINIMUM QUALIFICATIONS:  A bachelor's degree from an accredited college or university in finance, accounting, economics, statistics, business computer science or related field and three years of related professional experience; or a graduate degree in one of the specified majors and one year of experience in area of expertise. Professional experience in related field may be substituted for the required college education on a year-for-year basis.

 SPECIAL REQUIREMENTS: Preference will be given to applicants with compliance monitoring and review experience in the areas of investment management (e.g. investment portfolio guidelines), financial operations, banking, regulatory or policy.  Excellent communication skills (verbal and written) are a must.  Significant experience with Microsoft Excel and Access is preferred.

 HOW TO APPLY:     Submit a completed State of Florida Employment Application in the office by 5:00 p.m. on Friday, December 18, 2009 to:  State Board of Administration, Human Resources Office, Post Office Box 13300, Tallahassee, FL 32317-3300, Phone#:  (850) 488-4406, Fax#:     (850) 413-1268. Website:  www.sbafla.com

 Excellent Benefit Package: Employer Paid Health, Life, Disability, Dental and Retirement.  22 Vacation days, 13 Sick days, 9 observed holiday and 1 personal holidy per year.

An EEO/AA Employer 

Successful completion of a criminal background investigation is a condition of employment with the State Board of Administration.  If you need an accommodation because of a disability in order to participate in the application/selection process, please notify the Office of Human Resources in advance.

This position will perform high-level professional analytical work to assist the Director of External Manager Oversight in compliance program development and implementation

 20% - Coordinate the monthly compliance review process across the statutory and contractual guidelines applicable to portfolios, asset classes and total fund(s). Conduct total fund level compliance and compile reports summarizing all levels of investment compliance reporting.

 20% - Conduct compliance review and testing to help ensure consistent and ongoing compliance with SBA policies, certain investment guidelines and service level agreements.

 20% - Assist in developing and maintaining ongoing risk profiles for external managers and assigning risk ratings
- Assist in identification of risks across various functional areas – portfolio management, trading, operations, client service, compliance and technology – and assessing the control activities of external managers designed to mitigate those risks.
  -Assist in development of a methodology to assign a risk rating to each external manager.
  -Develop and maintain a tool (Excel, Access database, etc.) to track and document external manager risk profiles and ratings.
-Gather and incorporate available information into risk profiles for each external manager.

 15% - Assist in maintaining an external manager certification process
  -Develop and maintain a tool for tracking certifications
  -Establish process for distributing and collecting certifications
  -Establish process to link information gathered in certification process to external manager risk profiles

 10% - Assist in preparing monthly and/or quarterly external manager oversight summary report for Risk and Compliance Committee

05% - Research and analyze compliance requirements and related issues. Work with business units to implement compliance procedures. Assist in training and education initiatives with respect to compliance issues.

05% - Make recommendations for improvement in procedures as necessary based on evaluations of compliance program effectiveness and analysis

 05% - Perform other duties and responsibilities as may be directed by the Director of External Manager Oversight.