Vice President, Registered Fund Compliance Officer

Company Description

As part of the Wilshire family, you can rest assured that every day you are contributing to an organization that is helping investors improve their financial outcomes. For more than 50 years, Wilshire has been dedicated to providing customized portfolio solutions grounded in research and powered by next generation technologies.

Wilshire advises on over $1 trillion in assets for some of the world’s largest and most sophisticated institutional investors and is headquartered in the United States with offices worldwide.

Job Description

The Vice President, Registered Fund Compliance Officer will be responsible for maintaining and enhancing the compliance program for Wilshire’s registered fund complex, including mutual funds, a variable insurance trust (VIT), and an interval fund. This role serves as a key compliance resource to the fund boards and works closely with internal stakeholders and sub-advisors to ensure adherence to the Investment Company Act of 1940 (the “40 Act”) and applicable SEC regulations. This position reports to the Chief Compliance Officer. 

What you’ll do: 

• Maintain and oversee the 40 Act compliance program for the Wilshire mutual funds, VIT, and interval fund, including monitoring compliance with exemptive relief granted to the interval fund 
• Prepare and coordinate mutual fund board meeting materials, including managing the quarterly sub-advisor due diligence questionnaire process and the annual 15(c) review process 
• Attend board meetings to report on compliance matters and serve as a trusted compliance resource to the mutual fund and VIT boards 
• Conduct periodic on-site due diligence reviews of sub-advisors (travel required on a quarterly basis) 
• Review marketing materials related to Wilshire’s registered funds for compliance with applicable SEC rules and regulations 
• Assist with general compliance functions unrelated to registered funds, including ad-hoc compliance requests, Form ADV annual updates, and other regulatory compliance matters as needed 
• Assist with special projects and strategic initiatives, as needed. 

Qualifications

• 7+ years of relevant experience from a legal and compliance department of a registered investment adviser, mutual fund administrator or law firm 
• Experience with the 40 Act and the Investment Advisers Act of 1940 
• Experience preparing board meeting materials, working with fund administrators and sub-advisors and presenting compliance reports to boards of directors or trustees 
• Experience conducting sub-advisor due diligence and oversight in a fund-of-funds or multi-manager environment preferred 
• Familiarity with SEC exemptive relief orders applicable to registered funds is a plus 
• Experience implementing controls for policies and procedures applicable to an SEC registered investment adviser 
• Familiarity with compliance related software and applications, including ACA ComplianceAlpha and Dasseti (or similar) is a plus 
• Strong organizational skills and ability to manage multiple time sensitive matters in a demanding, fast-paced and fluid environment 
• Business and solution-oriented approach to interacting and working with key business partners is critical for this role 
• Exceptional analytical, written and oral communication and relationship-building skills required, as is a proven track record working as a member of a team. The candidate must have a strong ability to solve problems in a practical manner and to communicate complex concepts in an understandable way 
• Willingness to travel on a quarterly basis for sub-advisor on-site due diligence reviews 
• ­­­­Bachelor’s degree required; law degree or M.B.A. are a plus 

Additional Information

• This position will work on a hybrid model out of our Santa Monica or New York office
• We offer a comprehensive benefits package including a collaborative work environment, generous PTO, 401(k) match, affordable & comprehensive medical/dental/vision insurance, CFA and other professional membership reimbursement, and more.

The pay range for this position is $180,000-$240,000. However, base pay will be determined on an individual basis considering various factors, including location, qualifications, skills, and experience. The total compensation package includes eligibility for an annual discretionary bonus and a full range of health and financial benefit offerings, which will be provided in conjunction with an offer of employment.

Visit www.wilshire.com for additional company information. 

Wilshire is an SEC registered investment adviser and required to track certain political contributions under Rule 206(4)-5.  As such, you may be required to disclose your prior political contributions.  

We are an equal opportunity employer, which means we afford equal employment opportunity to all individuals regardless of race/ethnicity, creed, color, religion, sex (including gender and gender identity), national origin, ancestry, age, marital status, veteran status, citizenship status, disability, medical condition (as defined by California Government Code section 12926), or sexual orientation.  Our employees, as well as applicants and others with whom we do business, will not be subjected to sexual, racial, religious, ethnic, or any other form of unlawful harassment.  In addition, Wilshire adheres to the equal employment opportunity requirements of all states and localities in which it does business.  We are completely committed to these principles not only because of the various laws which address these subjects, but because it is the right thing to do for our employees and clients to thrive.

If you have a disability, and require reasonable accommodations in the application process, contact Human Resources at ApplicantAccessibility@wilshire.com or 310-584-6011.