How to Apply
A cover letter is required for consideration for this position and should be attached as the first page of your resume. The cover letter should address your specific interest in the position and outline the skills and experience that directly relate to the position.
Job Summary
The Investment Compliance Specialist reports to a senior staff member in the Investment Office and will play a pivotal role in supporting the Investment Diligence and Compliance Associate, Investment team, and operations function (legal, tax and compliance coordination) within the office. This position is responsible for facilitating the investment compliance and transaction execution process, including the review and tracking of principal documentation, such as closing documents, amendments, consents, and other related materials. The role involves ensuring adherence to investment processes and compliance manuals, as well as assisting in the initial review of investment documents.
You will support all asset classes and be able to analyze and guide information requests and action items to various teams for completion.
Who We Are
The University of Michigan Investment Office is responsible for directing and overseeing the investment of the University's $22 billion of financial reserves, which includes the 9th largest university endowment. The Investment Office staff works with many of the top investment managers globally to provide the financial resources necessary to ensure the long-term success of one of the world's great teaching and research institutions.
Why Work at Michigan?
The University of Michigan offers a comprehensive benefits package including:
- A savings plan that provides two-for-one matching contributions with immediate vesting
- Many choices for comprehensive health insurance
- Life insurance
- Long-term disability coverage
- Flexible spending accounts for healthcare and dependent care expenses
- Generous time off
Responsibilities*
- Actively participate in ensuring the fluidity of the onboarding and investment process
- First-level coordination of legal, tax and compliance functions within the investment office
- Coordinate principal investment documents for review and execution and escalate questions to legal and tax compliance and investment professionals, as applicable
- Monitor the flow of information and the process relating to investment execution and operational compliance and respond to the needs of internal clients by partnering with university-wide groups and within the investment office
- Monitor the status of principal documents to ensure appropriate follow-up actions are completed to meet deadlines
- Timely and accurate coordination, review and processing of operational compliance (i.e., amendments/consents, anti-money laundering, know-your-client, most favored nation elections, and tax and regulatory compliance (i.e., FACTA/CRS, etc.))
- Engage with investment office and investment accounting teams regarding the investment office's investment platforms (e.g., Caissa, Burgiss) and custodian systems
- Act as a point of contact for investment office personnel and coordinate and direct to appropriate internal stakeholders (tax, legal, compliance, investment team, etc.) for action
- Maintain all principal investment documentation
- Participate in external operational due diligence processes
- Participate in various projects and initiatives
- Monitor and audit database of documentation by ensuring all data elements are entered accurately
- Workflow management (i.e., Factset IRN and certain other investment platforms) by analyzing internal processes and recommend and implement procedural or policy changes to improve operations
- Engage with investment office and internal stakeholders on projects
Required Qualifications*
- Bachelor's degree
- An understanding of financial/legal operations with a combination of education and relevant work experience of at least five (5) years
- Demonstrate excellent attention to detail and some leadership capabilities
- Self-starter that works to meet deadlines and work well under pressure
- Works well independently, but also collaborative and team oriented
- Effectively form and articulate opinions, both verbally and in written form
- Technical expertise in Microsoft Excel
- Experience with project management platforms (Wrike, Asana, etc.)
Desired Qualifications*
- Foundational knowledge in investments and more specifically the economic and legal terms of typical private investments
- Experience with Tableau
Modes of Work
Positions that are eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment. Learn more about the work modes.
Onsite work is required during the first six months of employment in the role. Upon satisfactory performance during the first six months, a hybrid work arrangement may be an option. Hybrid work requires the team member to be onsite at least 50% of the month.
U-M EEO Statement
The University of Michigan is an equal employment opportunity employer.