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 email@example.com.
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The purpose of this Request for Proposals (“RFP”) is to invite qualified service providers to prepare and submit a proposal to provide cloud-based Payment Card Industry (“PCI”) compliance services to the Office of The Illinois State Treasurer (“Treasurer”) and other state agencies and units of local governments that accept credit cards through the Treasurer’s E-Pay Program (“Participants”), in accordance with the requirements defined throughout this RFP. Specifically, such PCI compliance services include the provision of a cloud-based PCI compliance portal (“Portal”) that offers administrative and management functions for the Treasurer and compliance functions to Participants as well as comprehensive customer service and technical support.
The winning Respondent (“Contractor”) shall enter into a contract with the Treasurer (“Agreement”) for an initial term of four (4) years. During this time period, the Treasurer will administer the Portal and enroll Participants into the Portal in order to access the services. Upon expiration of this term, the Treasurer may elect to extend the Agreement for a period of time agreed upon by the parties, not to exceed a total of ten (10) years, including the initial four (4) years.
Vendors that submit responses (“Respondents”) shall submit their responses to this RFP (“Proposals”) by 12:00 p.m. CT on July 20, 2017.
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Executive Order 13772 instructs the Treasury Secretary to report to the President the extent to which the existing financial regulatory system promote the Administration’s “Core Principles” of financial regulation, which include empowering Americans to make independent financial decisions, save for retirement, build wealth and prevent taxpayer-funded bailouts. The principles also promote American competitiveness, both at home and abroad, while making regulation efficient, effective and appropriately tailored.
Washington, D.C. – The U.S. Department of the Treasury today issued its first in a series of reports to President Donald J. Trump examining the United States’ financial regulatory system and detailing executive actions and regulatory changes that can be immediately undertaken to provide much-needed relief.
“Properly structuring regulation of the U.S. financial system is critical to achieve the administration’s goal of sustained economic growth and to create opportunities for all Americans to benefit from a stronger economy,” said U.S. Treasury Secretary Steven T. Mnuchin. “We are focused on encouraging a market environment where consumers have more choices, access to capital and safe loan products – while ensuring taxpayer-funded bailouts are truly a thing of the past.”
Over the past four months, Secretary Mnuchin and other Treasury officials met with hundreds of stakeholders across the financial ecosystem, including community, independent, regional and large banks, regulators, FSOC members, consumer advocates, academics, analysts and investors. These listening sessions provided a very clear picture of redundancy, fragmentation, and inefficiency in our regulatory framework.
“We congratulate the House on passing the Financial CHOICE Act. The report we are releasing today focuses on solutions the Executive Branch can execute through regulatory changes and executive actions. We look forward to working on a parallel track with Congress to provide swift relief, particularly to community banks,” said Mnuchin.
The report issued today detailed the following findings:
· Community financial institutions – banks and credit unions – are critically important to serve many Americans
· Capital, liquidity and leverage rules can be simplified to increase the flow of credit
· We must ensure our banks are globally competitive
· Improving market liquidity is critical for the U.S. economy
· The Consumer Financial Protection Bureau must be reformed
· Regulations need to be better tailored, more efficient, and effective
· Congress should review the organization and mandates of the independent banking regulators to improve accountability
One of the recommendations is to expand the treatment of certain qualifying instruments under the Liquidity Coverage Ratio rule. Specifically, it recommends classifying high-grade municipal bonds as Level 2B assets.
As a next step, Treasury and the Administration will begin working with Congress, independent regulators, the financial industry, and trade groups to implement the recommendations advocated in the report through changes to statutes, regulations and supervisory guidance.
Today’s report is the first in a series of reports examining the U.S. financial regulatory system. Subsequent reports will be issued over the coming months and will focus on markets, liquidity, central clearing, financial products, asset management, insurance, and innovation, among other key areas.
The report is posted on Treasury’s website at: https://www.treasury.gov/press-center/press-releases/Documents/A%20Financial%20System.pdf.
Pennsylvania Treasury is seeking a Chief Investment Officer. With approximately $101 billion in assets, the department’s paramount responsibility is safeguarding and managing the state’s financial assets. The position reports to Treasurer Joe Torsella and will serve as a trusted counselor and advisor to the Treasurer with independent analysis and evaluation of financial transactions and investments of the State’s public pension funds and agencies. The ideal candidate will have at least five (5) years of broad investment expertise, along with strong analytical skills and experience in tactical and strategic asset allocation, to include cash and cash equivalents, fixed income, equities, real estate and alternative investments. A Bachelor’s degree in finance or related discipline is required. A Master’s degree, and/or CFA certification are preferred.
Detailed position specifications are available by clicking the link below:
To apply please email your resume to Lauren at firstname.lastname@example.org
SEC Summary and Background:
The Securities and Exchange Commission (“Commission” or “SEC”) has published proposed amendments to the Municipal Securities Disclosure Rule (Rule 15c2-12) under the Securities Exchange Act of 1934 (“Exchange Act”) that would amend the list of event notices that a broker, dealer, or municipal securities dealer (collectively, “dealers”) acting as an underwriter in a primary offering of municipal securities must reasonably determine that an issuer or an obligated person has undertaken, in a written agreement or contract for the benefit of holders of the municipal securities, to provide to the Municipal Securities Rulemaking Board (“MSRB”).
NAST has submitted formal comments.
GALENA – Kansas Treasurer Jake LaTurner is launching his tour of Kansas’ 105 counties to promote many of the programs and services administered by the Treasurer’s Office. The tour will be starting in LaTurner’s hometown of Galena in Cherokee County on Monday, June 12. Treasurer LaTurner and his staff will be in Galena at the Galena City Hall in the Community Room from noon to 1:30 p.m.
“My goal as the State Treasurer is to help Kansans plan and prepare for the future,” said LaTurner. “I’m really excited to be launching my 105 county tour in my hometown of Galena. Throughout the tour we will be promoting four very important and rewarding missions at the Treasurer’s Office: Returning unclaimed property to its rightful owners, helping Kansans save for higher education, empowering individuals living with a disability and their loved ones to save for disability related expenses, and increasing the financial knowledge of all Kansans. I look forward to offering the most vital functions of the Treasurer’s Office directly to Kansans in their hometowns.”
The State Treasurer’s Office is currently safeguarding $350 million in unclaimed property and is charged with returning it to its rightful owners and heirs. Unclaimed property includes inactive savings and checking accounts, uncashed checks, stock shares and bonds, dividend checks, insurance proceeds, mineral royalties and utility deposits. Kansans who can’t make it to the event may call the State Treasurer’s Office at 1-800-432-0386 or log onto www.KansasCash.com to search for unclaimed property. There is no cost to search and claim your rightful property.
Along with assisting Kansans in their search for unclaimed property, Treasurer LaTurner and staff will be talking to Kansans about how the Office can help Kansans plan and save for the future. The Treasurer’s Office administers the Learning Quest 529 Education Savings Accounts, which helps Kansans save for the students in their lives. The funds are invested and then can be utilized for higher education expenses.
Treasurer LaTurner and his staff will also be helping people living with a disability save for their future by signing eligible Kansans up for the brand new ABLE accounts. The Kansas ABLE checking accounts help make paying for qualified expenses safe and easy, and they continue to empower individuals with disabilities to gain financial independence and save the money they earn.
For more information on the Kansas State Treasurer’s Office, please visit www.kansasstatetreasurer.com.
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