Manager, Collateral Management

Summary

Join Wealthsimple as the Manager, Collateral Management, reporting to the Senior Manager of Cash & Collateral Management. You will collaborate with stakeholders to enhance collateral management capabilities for existing and new products, lead daily processes, design and implement optimizations, and manage key counterparty relationships. This role significantly impacts Wealthsimple's financial operations and growth. You will manage daily collateral processes, implement risk mitigation strategies, manage collateral sources and uses, design collateral management procedures for new products, forecast collateral requirements, maintain counterparty relationships, problem-solve with stakeholders, build processes and metrics, and ensure regulatory compliance. The role requires 5+ years of experience in collateral management, treasury operations, or securities finance, along with specific experience in clearing house collateral and collateral management systems. Strong problem-solving, data analysis, organizational, collaboration, communication, and proactive skills are essential.

Requirements

• Experience: 5+ years of experience in a collateral management, treasury operations, or securities finance role
• Direct experience working with Clearing House collateral (OCC/CME/CDCC)
• Problem Solving: You proactively identify issues impacting the team and lead the development of well-supported solutions. You enjoy navigating uncertainty and bringing clarity to ambiguity
• Data & Analytics: A history of using data to answer complex problems and inform decisions. SQL and financial modeling skills are an asset
• Organization & Planning: You plan, organize, and schedule efficiently. You are effective at prioritizing for the team, balancing day-to-day execution with project work
• Collaboration: Excellent interpersonal skills and a willingness to work in collaboration with various team members, with a track record of contributing to cross-functional projects
• Strong Written & Verbal Communication: You speak plainly and truthfully. You can communicate complex ideas in a simple and easy-to-understand way for any audience
• Proactive & Action-Oriented: You act without being told what to do, take full ownership of your work, and proactively seek help and input when needed
• High-Level Judgment: You exercise strong judgment in complex situations, making informed decisions and anticipating potential consequences for your projects
• Honesty/Integrity: doesn't cut corners; does what is right, not what is politically expedient

Responsibilities

• Manage day-to-day collateral processes with a focus on meeting daily collateral calls and supporting treasury money movements that power our products
• Oversee and implement robust risk mitigation strategies for the team, balancing speed with the need for adequate controls
• Manage our collateral sources and uses; contribute to the implementation of an optimization engine
• Design and implement collateral management procedures for new products and initiatives
• Work with stakeholders to forecast and anticipate growth in collateral requirements, and develop a playbook to operationalize this
• Maintain and build strong relationships with counterparties, acting as a key contact for middle and back-office functions
• Problem-solve and collaborate with multiple stakeholders—including Product, Engineering, Trading, Treasury, and Finance—to support the launch and scale of new products
• Build processes, establish metrics, and stand up a structure that provides visibility into holistic collateral needs across the brokerage
• Ensure compliance with all IIROC, GMSLA, and other regulatory requirements

Preferred Qualifications

Experience implementing a Collateral Management System is a strong asset

Benefits

• Competitive salary with top-tier health benefits and life insurance
• Retirement savings matching plan using Wealthsimple for Business
• 20 vacation days per year and unlimited sick and mental health days
• Up to $1,500 per year towards wellness and professional development budgets respectively
• 90 days away program: Employees can work internationally in eligible countries for up to 90 days per calendar year
• A wide variety of peer and company-led Employee Resource Groups (ie. Rainbow, Women of Wealthsimple, Black @ WS)
• Company-wide wellness days off scheduled throughout the year