Manager, Trade Desk Compliance

Summary

Join Wealthsimple's growing Regulatory (Reg) team as a Manager, Trade Desk Compliance, reporting to the Director, Securities & Enterprise Compliance Programs. This key role involves strategically developing, enhancing, and continuously improving trade desk compliance programs. You will act as a compliance subject matter expert, collaborating with various teams to ensure compliant implementation of business initiatives. Responsibilities include providing guidance on trading rules, reviewing trading strategies, building monitoring systems to detect potential violations, conducting compliance reviews, ensuring regulatory reporting, managing inquiries, and designing compliance policies and procedures. The role requires in-depth knowledge of Canadian securities regulations and experience with trade surveillance systems. Wealthsimple offers competitive benefits, including a competitive salary, health benefits, retirement savings matching, generous paid time off, wellness and professional development budgets, and a 90-day away program.

Requirements

• 5+ years of experience in a trading or compliance role at a brokerage firm
• In-depth knowledge of Canadian securities regulations, trading rules, and market conduct requirements, including but not limited to the Universal Market Integrity Rules, Rules of the Montréal Exchange and Rules of the various U.S. options and futures exchanges
• Strong understanding of trade life cycle, execution venues, and order types
• Experience with trade surveillance systems and regulatory reporting mechanisms
• Completion of the Investment Dealer Supervisors Course (IDSC), Canadian Securities Course (CSC), Conduct and Practices Handbook (CPH), Trader Training Course (TTC) and ability to be registered with CIRO as a Supervisor

Responsibilities

• Oversee and ensure compliance with Canadian Investment Regulatory Organization (CIRO) regulations and other applicable trading rules across all trading activities conducted by the Investment Dealer
• Act as the compliance subject matter expert on trading rules, products and requirements that impact the trade desk 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
• Provide guidance on relevant trading rules and their application to Wealthsimple’s trade desks for listed securities, options and futures contracts
• Review and approve trading strategies, algorithms, and new trading protocols for regulatory compliance
• Lead the build out and enhancement of monitoring of firm and client trading activities to detect potential market abuse, manipulation, or regulatory violations
• Conduct trade desk compliance reviews of existing procedures and develop remediation plans for any identified issues
• Ensure accurate and timely regulatory reporting of trade data to CIRO and other regulatory bodies
• Respond to and manage regulatory inquiries related to trade desk activities
• Design and implement trade desk compliance policies, procedures, and controls including but not limited to the management of automated order systems (AOS), supervision testing, trading counterparty risk management and supervision of Investment Representatives
• Monitor risk controls like trading limits, restricted lists, and client suitability requirements
• Design and maintain client materials and disclosures relating to our order handling processes

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