Location: WFH, Toronto
Contract Length: 5 Months
Story Behind the Need:
Program is seeking a Compliance Officer to contribute to the overall success of the Trade Surveillance Department ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. The Compliance Officer (“CO”) is responsible for carrying out certain Tier 2 compliance activities for assigned internal business groups in accordance with regulatory requirements (in particular those established by securities regulations and Self Regulatory Organizations as well as internal policies and procedures.
Candidate Value Proposition:
This candidate will have the opportunity to gain experience at a big 5 Canadian bank while working on a fast paced and forward thinking initiative.
Typical Day in Role:
– Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
– Conduct near real-time and post-trade market related surveillance to address alerts (analyze and address alerts using SMARTS and other surveillance applications); identify and investigate any potential exchange / marketplace and regulatory rule violations by clients and/or traders.
– Perform ongoing audit trail reviews
– Assist in responding to regulatory and internal audit inquiries, which includes gathering documents and/or data extracts
– Assist in conducting effectiveness testing of supervision related processes and controls
– Assist in the development and enhancement of procedures and processes of the surveillance program
– Assist other team members and provide back-up support within the team and other projects as assigned
– Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
– Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
– Champions a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.
– The incumbent must be results oriented with strong organizational and time management skills as the incumbent works in a fast-paced environment and is expected to handle multiple tasks with stringent deadlines. Effectively performing this role involves working with the team to ensure that all tasks are being addressed.
– The incumbent handles sensitive and confidential information and must have a high level of integrity.
– The incumbent is expected to act independently and arrive at conclusions or recommendations based on the exercise of good judgement on moderately complex decisions falling within standard policies and escalate matters beyond existing policies. Effectively performing this role involves consulting with the team and others as needed.
– The incumbent interacts on an ongoing basis with Executive and senior professional staff, generally on time sensitive items. The incumbent is required to respond with tact while ensuring compliance priorities and requirements are met.
– The incumbent is expected to apply regulatory requirements and policy guidance with minimal supervision, provide advice to senior professional staff in the various business units, and identify, investigate and escalate any exception conditions to management. Functions must be performed accurately and reliably as errors or delays can have serious adverse regulatory implications.
Must Have Skills/Requirements:
1) 5+ years of experience in a similar Compliance Officer/Analyst position
2) 5+ years of related experience at a financial institution and/or regulated securities dealer
3) 3+ years of experience of retail and institutional equity, fixed income and/or derivatives trading (options and futures at least), including knowledge of hedging and other trading strategies
4) 3+ years of experience with the Investment Industry Regulatory Organization of Canada (IIROC) dealer rules and UMIR, as well as a general understanding of Canadian provincial securities legislation
Nice to Have/Highly Preferred Skills:
– Excellent English / Spanish verbal and written communication skills are essential
– The role requires leadership skills, hands-on technical experience, and a can-do approach towards environment automation / management and continuous improvement for efficiency and cost effectiveness
– Must be reliable, proactive, results-oriented, customer-focused and attentive to details.
– Must be flexible to adapt to a dynamic environment, make quick and sound decisions under pressure
– Strong organizational skills, excellent problem-solving, communication, and collaboration skills
– Inquisitive mindset; eager to learn and acquire knowledge
– Willing and able to adapt to changes in the work environment, manage competing demands and able to deal with frequent change, delays or unexpected events.
Education and Certifications:
– Post-Secondary education and/or professional designations
– Canadian Securities Course, Conduct and Practices Handbook Course, and/or the Trader Training Course highly preferred