Head of Brokerage Operations

Remote

Apply with AI Apply

Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Investment Banking, FintechIndustries

Requirements

The ideal candidate will possess very deep knowledge of all aspects of back-office operations, including clearing, settlements, corporate actions, account operations, cash management, and collateral management. Significant experience working with margin, credit, and derivatives products in a senior leadership role is essential, along with over 10 years of experience leading large, high-performing teams. Experience building back-office operations from scratch, listing, and supporting new asset types on a platform is required. A builder mentality with a proven track record of taking initiatives from start to finish, strong business judgment linking business imperatives and regulatory requirements, and robust risk management experience are crucial. Excellent stakeholder management, strong analytical and problem-solving skills, and superior attention to detail are also necessary.

Responsibilities

The Head of Brokerage Operations will lead and set the strategy for Brokerage Operations, encompassing securities operations, registered plans, margin/credit, derivatives operations, tax, reporting, book of record operations, and crypto operations. This role involves developing and executing strategies to support business growth and the introduction of complex client offerings. Responsibilities include leading a large team to deliver exceptional client experiences, partnering with product and engineering to ensure system requirements for new products, and supporting the launch and optimization of new products and features by ensuring operational readiness. The role also requires ensuring adherence to policies, procedures, and regulatory requirements, developing an operational risk framework, defining and managing operational metrics, understanding and meeting regulatory requirements, participating in industry committees to advocate for improvements, and fostering a culture of operational excellence and building a best-in-class team.

Skills

Brokerage Operations

Securities Operations

Options Clearing

Settlements

Corporate Actions

Reconciliations

Registered Plans

Margin/Credit

Derivatives Operations

Tax Reporting

Book of Record Operations

Crypto Operations

Product Development

Automation

Controls

Leadership

Strategy Development

Wealthsimple

Digital platform for investing and financial management

About Wealthsimple

Wealthsimple provides a range of financial tools that help individuals manage their money effectively. Their services include automated investing, where users can set up investment accounts that automatically adjust based on market conditions, and commission-free stock trading, allowing users to buy and sell stocks without paying fees. They also offer cryptocurrency investments for those interested in digital currencies and a straightforward tax filing service that is designed to be quick and user-friendly. Wealthsimple stands out from its competitors by focusing on young professionals and tech-savvy individuals, providing a digital platform that is easy to navigate and understand. The company's goal is to simplify financial management, making it accessible to everyone by using technology to create a more personal and approachable experience in finance.

Toronto, CanadaHeadquarters

2014Year Founded

$826.6MTotal Funding

LATE_VCCompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Life Insurance

401(k) Company Match

401(k) Retirement Plan

Paid Vacation

Unlimited Paid Time Off

Professional Development Budget

Wellness Program

Remote Work Options

Paid Holidays

Risks

Increased competition from zero-commission brokers could erode Wealthsimple's market share.

Invite-only rollout of Wealthsimple Cash may limit user adoption and growth.

Rapid cryptocurrency adoption pressures Wealthsimple to innovate its offerings continuously.

Differentiation

Wealthsimple offers a human-centric approach to finance with user-friendly digital tools.

The company provides a seamless platform for investing, trading, saving, and tax filing.

Wealthsimple targets young, tech-savvy professionals seeking accessible financial management solutions.

Upsides

Wealthsimple's AUA reached $50 billion, indicating strong market presence and growth potential.

The rise of AI-driven advisory services can enhance Wealthsimple's personalized investment offerings.

Fractional shares' popularity aligns with Wealthsimple's target demographic, boosting user acquisition.

Land your dream remote job 3x faster with AI

Try Jobo Free