ABOUT THE D.C. RETIREMENT BOARD:
The District of Columbia Retirement Board (DCRB) is an independent agency of the District of Columbia Government. Our mission is to manage and control the assets of the D.C. Police Officers' and Firefighters' Retirement Fund and the D.C. Teachers' Retirement Fund as well as to administer benefits for the members of the of the D.C. Police Officers' and Firefighters' Retirement Plan and the D.C. Teachers' Retirement Plan.
The General Counsel is a senior staff position that supervises and manages all functions of the Legal department and serves as chief legal advisor to the Board and staff.
ESSENTIAL DUTIES AND RESPONSIBILITIES (SUMMARY)
(Duties that occupy a major portion of time and importance of the job)
1. Provides legal analysis of, and monitors compliance with, all applicable statutes, rules, and regulations.
2. Reviews legislative initiatives, testimony, reports, and other policy statements.
3. Negotiates all contracts executed with investment advisors, consultants, and other professional service providers.
4. Monitors adherence to fiduciary responsibilities and conflict of interest guidelines.
5. Serves as agency’s Ethics Officer.
DUTIES AND RESPONSIBILITIES (DETAILED)
• Manages all functional responsibilities of the Legal department, including coordination and oversight of outside legal counsel activities, and litigation activities.
• Negotiates all contracts executed with registered investment advisors in all asset classes, consultants, and other professional service providers; analyzes and negotiates complex alternative/private investment limited partnership agreements; negotiates associated side-letter agreements, and approves subsequent agreement amendments and modifications.
• Serves on the Fiduciary Committee; directs internal investigations; issues findings and recommendations on all matters under the Committee’s jurisdiction.
• Develops strategy for legislative advocacy for Board related initiatives; makes recommendations regarding policy, procedures and regulations implementing new or amended governing legislation.
• Monitors and regulates Board and staff compliance with fiduciary responsibilities and conflict of interest guidelines.
• Provides fiduciary advice to the Board and staff.
• Provides for, or serves as, liaison to Board committee(s), as assigned by the Executive Director.
• Ensures federal tax compliance on benefits administration.
• Acts as liaison with Congressional and/or District Council members on legal matters. • Serves as the agency’s Ethics Officer.
• Reviews administrative and investment-related contracts and purchase orders.
• Provides guidance on the application of D.C. Code and plan interpretation.
• Provides pre-litigation legal advice on disputed benefits matters.
• Reviews benefit administration policies, practices, and procedures to ensure compliance with D.C. Code.
• Reviews legal issues concerning the agency’s operations and functions.
• Reviews federal and District statutes, as well as judicial and executive branch decisions affecting the agency.
• Monitors legislative activity of the Congress and the Council of the District of Columbia that may affect the activities and responsibilities of the agency.
• Provides management oversight to all legal staff: assigning work, preparing performance appraisals, and providing feedback on performance.
• Knowledge of and the ability to apply legal principles and legal research methods.
• Knowledge of the scope and character of the District of Columbia code as it pertains to the DCRB’s operations and administration of benefits.
• Knowledge of current and developing legal issues and trends in pension plan governance and administration.
• Knowledge of employee benefits, securities, and contract law.
• Knowledge of the legislative process at the federal, state, and local level.
• Knowledge of parliamentary procedure, government procurement, and administrative law.
• Knowledge of financial markets and institutional investing.
• Ability to perform independent and complex legal research.
• Ability to analyze, appraise, and apply legal principles, facts, and precedents to complex legal or factual situations.
• Ability to present statements of fact and law, and argument clearly and logically in written and oral form.
• Skill and effectiveness in presenting, explaining, or arguing cases to administrative boards or the courts.
• Excellent verbal and written communication skills; ability to compose written materials of moderate to complex difficulty.
• Ability to apply sound judgment in analyzing and resolving legal issues, and in safeguarding confidential or sensitive information.
• Ability to work and interact effectively with departments throughout the organization.