Investment Compliance & Legal Counsel (Hybrid)

Illinois State Board of Investment; Chicago (IL); Hybrid; USD 95,000 - 105,000; Full time

Job summary

Illinois State Board of Investment (ISBI) seeks an Associate General Counsel/Investment Compliance Officer to support the General Counsel in managing ISBI's legal affairs and compliance. The role includes responding to FOIA requests, monitoring compliance with Illinois law, and coordinating with the Ethics Officer and Board Fiduciary Counsel.

This position emphasizes governance, board support, and policy development, with in-office work in downtown Chicago and potential remote days up to two per

Qualifications

• Bachelor's and Juris Doctor degree required.
• At least two years of relevant legal experience preferred.
• Valid license to practice law in Illinois required.
• Knowledge of Illinois FOIA, Open Meetings Act, and Pension Code preferred.
• Excellent written and oral communication, analytical and research skills.

Responsibilities

• Support the General Counsel in managing ISBI's legal affairs and compliance matters.
• Respond to all Freedom of Information Act requests made to ISBI.
• Act as primary contact with Ethics Officer and Board Fiduciary Counsel for compliance monitoring.
• Assist in Board operations, including posting notices, distributing materials, and preparing minutes.
• Develop and coordinate the Agency Directives Manual and ensure compliance with budgetary policies.
• Provide legal support in ISBI policy development and maintenance.
• Develop diversity-related policies and monitor reporting for compliance.
• Serve as liaison with proxy voting service provider and manage voting guidelines.
• Monitor contracts and compliance with investment policy and voting guidelines.
• Oversee full-time/temporary employee search processes as needed.
• Coordinate class action/SE litigation with outside partners.
• Draft, review, and interpret legal documents, resolutions, and policies.
• Research state and federal laws affecting ISBI operations.
• Assist with custodial reporting and tax-related matters as needed.
• Gain knowledge about General Counsel and Chief Compliance Officer roles for succession planning.
• Manage stewardship activities under the Illinois Sustainable Investing Act and related ESG considerations.

Skills

Legal experience

Open Meetings Act knowledge

FOIA experience

Regulatory compliance

Communication skills

Education

Juris Doctor degree

Bachelor's degree

Tools

Microsoft Word

Excel

Job description

Illinois State Board of Investment (ISBI) seeks an Associate General Counsel/Investment Compliance Officer to support the General Counsel in managing ISBI's legal affairs and compliance. The role includes responding to FOIA requests, monitoring compliance with Illinois law, and coordinating with the Ethics Officer and Board Fiduciary Counsel.

This position emphasizes governance, board support, and policy development, with in-office work in downtown Chicago and potential remote days up to two per