Compliance Manager

Company:Oregon State Treasury

Salary Range of $88,224 - $136,488 Annually Depending on Experience


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 Deputy 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 managing the state’s pension fund, issuing all state debt, and 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; identifies instances of non compliance; provides information to OST management, the CEC, and the Oregon Investment Council (OIC) as appropriate; and verifies resolution by the appropriate individual or manager within the appropriate time frame. The Compliance Manager supervises compliance staff; suggests and implements best practices for the compliance program; and is responsible for the design, implementation, and testing of policies and procedures.

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.


You must have the following to qualify:

- A bachelor's degree; AND a minimum of five (5) years of professional experience within the compliance industry (or a related industry); AND a minimum of three (3) years of supervisory experience;

While not required, 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. Also, while not required, experience in the investment compliance industry is preferred.


The Compliance Manager works with the compliance team 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. Duties include:

Develops and maintains a highly performing compliance program for OST.

Oversees the build out of an effective OST compliance team and manages the operation of the compliance program.

Recommends and implements improvements and best practices for the compliance group.

Responsible for the design, implementation, and testing of policies and procedures.

Oversees 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.

Oversees the compliance monitoring and reporting processes for internally and externally managed portfolios.

Oversees OST’s regulatory reporting obligations to federal and state regulatory authorities, as applicable.

Supervises compliance staff, performing informal and formal reviews of compliance staff’s performance.

Coordinates with other OST business units to develop, create, and implement ongoing educational and training programs to benefit OST staff and to ensure OST’s compliance with applicable laws, policies, and regulations.

Supports audit functions for internal and external audits for all managed portfolios by identifying areas of deficiency and implementation of a remediation plan.

Represents the Legal and Compliance Division and OST in other divisional, agency, and government task forces and committees and participates in professional organizations relevant to investments, investment compliance, risk management, government, administration, and leadership, as appropriate.

Regularly reports to OST management, the Compliance Executive Committee, and the Oregon Investment Council, as appropriate, on the activities and effectiveness of OST’s compliance group.

Collaborates, effectively communicates, and works closely with the compliance team, legal team, and Investment Division to accomplish their assigned responsibilities, projects and issues as they arise.

Develop and manage division budget.


Apply using the State of Oregon on-line recruitment system (link below):

Compliance Manager Application -

The on-line recruitment program will require you to:

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):
• Educational background or 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.
• A demonstrated commitment to integrity, ethics, and independence. Familiarity with CFA Institute Standards of Practices Handbook, if applicable.
• Experience as a supervisor.
• Demonstrated leadership skills with the ability to delegate, but maintain appropriate oversight responsibility.
• Ability and willingness to travel out of state and out of country.

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:
. 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.