Manager, Derivatives Compliance

Summary

Join Wealthsimple's growing Regulatory team as a Manager, Derivatives Compliance! You will be responsible for overseeing and ensuring compliance with Canadian Investment Regulatory Organization (CIRO) and Options Clearing Corporation (OCC) regulations for Wealthsimple’s derivatives business, focusing on the launch and ongoing compliance of futures contract trading. This role involves developing and implementing compliance frameworks, monitoring regulatory developments, performing compliance reviews, supporting regulatory examinations, and delivering compliance training. You will collaborate with various teams to ensure compliant implementation of business initiatives and identify and escalate compliance risks. The ideal candidate possesses extensive compliance experience in a CIRO-regulated environment, comprehensive knowledge of Canadian derivatives regulations, and strong understanding of derivatives products and trading mechanisms. This position offers a competitive salary, top-tier health benefits, retirement savings matching, generous paid time off, professional development budget, and a remote-first work environment.

Requirements

• 5+ years of compliance experience within a CIRO regulated Investment Dealer environment
• Comprehensive knowledge of Canadian derivatives regulations and futures markets
• Strong understanding of derivatives products, trading mechanisms, and operational workflows
• Experience launching new business lines or products under regulatory oversight
• Excellent interpersonal and communication skills with ability to influence stakeholders
• Completion of the Investment Dealer Supervisors Course (IDSC), Derivatives Fundamentals and Options Licensing Course (DFOL), Futures Licensing Course (FLC) and Canadian Commodity Supervisors Examination (CCSE) and ability to be registered with CIRO as a Supervisor

Responsibilities

• Oversee and ensure compliance with Canadian Investment Regulatory Organization (CIRO) and Options Clearing Corporation (OCC) regulations for Wealthsimple’s derivatives business, with a focus on the launch and ongoing compliance of futures contract trading
• Act as the compliance subject matter expert on derivatives products and related regulatory requirements for the Investment Dealer
• Build strong collaborative relationships with Product, Trading, Operations, Engineering and Finance teams to ensure compliant implementation of business initiatives
• Lead the development and implementation of compliance frameworks for futures contract trading, collaborating with operational teams
• Monitor regulatory developments related to derivatives markets and assess impacts on Wealthsimple’s business activities
• Perform compliance reviews and testing of trading activities to ensure adherence to CIRO requirements
• Support regulatory examinations and respond to regulatory inquiries related to derivatives trading
• Develop and deliver tailored compliance training for staff involved in futures trading operations
• Review new derivative products, trading strategies, and marketing materials
• Identify and escalate compliance risks related to derivatives trading activities

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