Chief Compliance Officer

Company Description

A best-in-class city that attracts best-in-class talent, Philadelphia is an incredible place to build a career. From our thriving arts scene and rich history to our culture of passion and grit, there are countless reasons to love living and working here. With a workforce of over 30,000 people, and more than 1,000 different job categories, the City of Philadelphia offers boundless opportunities to make an impact.

As an employer, the City of Philadelphia values inclusion, integrity, innovation, empowerment, and hard work above all else. We offer a vibrant work environment, comprehensive health care and benefits, and the experience you need to grow and excel. If you’re interested in working with a passionate team of people who care about the future of Philadelphia, start here.

What we offer

• Impact - The work you do here matters to millions. 
• Growth - Philadelphia is growing, why not grow with it? 
• Diversity & Inclusion - Find a career in a place where everyone belongs.
• Benefits - We care about your well-being.

Agency Description

The City of Philadelphia Board of Pensions and Retirement (“Board”) was created by the 1951 Philadelphia Home Rule Charter (“Charter”) as an independent board, that is, one not connected to any particular City department. The composition of the Board, spelled out in the Charter, includes nine voting members and one non-voting member. The Board is vested under state law, the Charter and City ordinances to be trustees of the Plan, with exclusive authority and full powers to control and manage the Plan’s investments (“Fund”).

Job Description

The City of Philadelphia Board of Pensions and Retirement is seeking a Chief Compliance Officer (CCO). This position will report directly to the Pension Executive Director. 

Essential Functions

The CCO will be responsible for guidance and advice, oversight, and the development and implementation of policies or practices, relating to compliance by the Members and Employees of the Board of Pensions, with all applicable federal, state and city laws, Charter, codes, or regulations (including fiduciary, ethical, and contractual duties), applicable City Mayor Executive Orders and City Administration policies, and Board regulations, rules, and policies, for the management and administration of the Philadelphia Public Employees Retirement System (“Retirement System”) and management and control of the Pension Fund..  This includes, but is not limited to:

• Assist, support and advise the Board Members, including designated Alternates, relating to any compliance issue involving their administration or management of the Retirement System, management or control of the Pension Fund, or their official actions as a Board Member;
• Assist, support and advise the Chairperson (or Alternate Chairperson) or, in their absence, the Vice-Chairperson, relating to any compliance issue arising out of the scheduling or conduct of the Board’s official public meetings, with respect to governing rules of order, or applicable laws such as Sunshine Act or Right to Know Act, or laws, regulations or rules of similar import; Law, the Code, Board regulations, and other applicable law

• Assist, support and advise the Executive Director and Board Administrative Staff relating to any compliance issues arising out of benefit administration, including any adjudications by the Board or a panel of the Board Members of benefit decision appeals;
• Assist, support and advise the Executive Director and Board Administrative Staff relating to compliance issues arising out of any audits of the Retirement System, including audits by the Auditor General, and the Retirement System’s Auditor;
• Assist, support and advise the Executive Director and Board Administrative Staff relating to compliance issues with any financial, accounting, budgeting, or payment policies or requests, of City Council, the Office of the Finance Director, the Office of the City Treasurer, the Office of the Budget Director, or of any of their Administrative Staff;

Assist, support and advise the Executive Director and Board Administrative Staff relating to compliance issues arising out of the procurement, award of contracts, and payment of third party providers or vendors to the Retirement System or the Board, including e.g., Auditor; Medical Panel; Actuary; Custodian of Assets; Shareholder Proxy or Proposal Consultant; Private Equity Consultant; and General Investment Consultant;

• Assist, support and advise the Executive Director, Chief Investment Officer (“CIO”), and Investment Staff relating to compliance issues arising out of all existing and prospective investment manager contract relationships that manage