Investment Compliance Officer

  • Full Time
  • Chicago
  • Applications have closed


Position Description
Investment Officer

Reports to the General Counsel / Chief Compliance Officer
Salary Range: Minimum $75,000

The Investment Compliance Officer is responsible for general legal and investment compliance issues relating to ISBI’s operations, and has the following specific responsibilities, which shall include, but not be limited to:
1. Support the General Counsel.
2. Monitor class action / shareholder securities litigation. Recommend guidelines in working with Illinois Attorney General’s office and outside counsel in such matters.
3. Act as primary contact and assist the Ethics Officer and Board Fiduciary Counsel in monitoring compliance of Board and Staff members in accordance with ISBI policies and procedures and the Illinois Ethics Act.
4. In conjunction with the General Counsel and investment staff, develop and recommend the policies and guidelines for diversity-related initiatives. Monitor and prepare reporting to ensure compliance with the Board’s policies and objectives. Responsible for all reporting including annual legislative reporting and ad hoc reporting requests.
5. Monitor and prepare periodic reports on compliance with the Board’s investment policy guidelines and proxy voting guidelines.
6. Serve as legislative liaison with the Illinois General Assembly.
7. Monitor all Board contracts (Administrative / operational contracts, investment manager agreements, review all contract amendments, monitor compliance with mandates and manager benchmark guidelines.)
8. Responsible for responding to all Freedom of Information Act requests made to ISBI.
9. Responsible for custodial reporting relating to international power of attorney, tax reclamations, powers and proxy matters.
10. Obtain knowledge about the role and functions of the General Counsel and Chief Compliance Officer for purposes of planned and unplanned succession.
11. Other duties as required or assigned.


 Bachelor’s degree required.
 Juris Doctorate degree and valid license to practice law in the State of Illinois preferred.
 Good written and oral communication, analytical and research skills.
 Knowledge of Microsoft Word and Excel.



Job Title: Investment Compliance Officer

Location: Chicago, IL

Compensation: $76,000 salary with full state employee benefits

Qualifications:  Law degree and active Illinois law license preferred

The Illinois State Board of Investment (ISBI) manages approximately $17 billion for Illinois state employee defined benefit plans as well as a state employee deferred compensation plan.  This position works closely with ISBI’s general counsel and chief compliance officer, investment staff, board of trustees, and outside investment managers and vendors to implement ISBI’s statutory and contract compliance program.  This role provides a great opportunity for professional growth in dealing with a broad array of legal issues while  interacting with many government and private sector professionals.

Please address your application to Chris Brannan, General Counsel and Chief Compliance Officer, and send your materials to