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  • ASSOCIATE GENERAL COUNSEL/INVESTMENT COMPLIANCE OFFICER

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

     

    Responsibilities

    The Associate General Counsel/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 in managing the legal affairs of ISBI.

    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.

     

    Requirements

    • Bachelor’s and Juris Doctorate degree required.
    • At least two years of relevant legal experience preferred.
    • Valid license to practice law in the State of Illinois preferred.
    • Excellent written and oral communication, analytical and research skills.
    • Knowledge of Microsoft Word and Excel.

     

  • ASSISTANT INVESTMENT OFFICER / BOARD SECRETARY

  • Reports to the Executive Director/Chief Investment Officer (“ED/CIO”)
    Salary Range: Minimum $50,000

     

    Responsibilities

    The Board Secretary reports to the ED/CIO. The Board Secretary provides administrative support to the Board, the ED/CIO, and ISBI Staff. This position performs a variety of highly sensitive, confidential and complex secretarial and administrative duties for the Board, the ED/CIO, and the General Counsel. The Board Secretary will be directly responsible, in conjunction with external Fiduciary Counsel, for ensuring compliance at Board and Committee meetings with all State of Illinois rules and regulations and best practices. The Board Secretary will have the following specific responsibilities, which shall include, but not be limited to:

    1. Under direction of the ED/CIO is responsible for supporting investment staff.

    2. Under direction of the General Counsel is responsible for operational support for the Board, including, but not limited to, posting of meeting notices, development and distributions of Board materials, and preparation of Board and Committee meeting minutes. Also responsive for composing minutes of Executive Session meetings of the Board and Committee in a manner that ensures confidentiality and the integrity of the information in compliance with the Illinois Open Meetings Act.

    3. Provide administrative support for Board Members including, but not limited to, coordinating business travel arrangements and lodging for Board Members and procuring meeting space and catering for all Board and Committee meetings.

    4. Serve as liaison for General Counsel with information technology consultants. In cooperation with ISBI Information Technology Staff, maintain Agency IT systems, the Board website and administration of BoardVantage or any other retained Board management software. Responsible for researching new technology for upgrading Board systems.

    5. In cooperation with the General Counsel, develop and coordinate a Board policy manual. Work cooperatively with ISBI Fiscal Staff to insure compliance with Board budgetary and fiscal policies.

    6. Prepare quarterly list of trainings and conferences for Board Members to fulfill fiduciary and ethics training requirements. Review and approve all travel vouchers for the Board and coordinate all quarterly timekeeping and training requirements for the Board in accordance with Public Act 96-0006. Ensure compliance with conference attendance participants.

    7. Ensure that Annual Ethics Training and Statements of Economic Interests are filed for each Trustee of the Board in compliance with State law.

    8. Performs other duties as required or assigned.

     

    Requirements

    • Minimum of two years of experience in an administrative or other professional services role.
    • Bachelor’s degree required.
    • Good written and oral communication skills.
    • Proficient in Microsoft Word and Excel.