Senior Associate, Brokerage Risk - Money Owed

Remote

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial Services, BrokerageIndustries

Requirements

Candidates must possess deep experience in operational optimization, quantitative analysis, or similar roles. Strong technical skills are required, including proficiency in Excel, Python, SQL, or similar data analysis tools. A DFOL Certification is necessary, with OSC & IDSC certifications being advantageous. Experience working with large datasets to derive meaningful insights is essential. The ideal candidate is passionate about fintech and alternative investments, detail-oriented, a problem-solver, thrives under pressure, manages multiple time-sensitive tasks, adapts quickly to challenges in a fast-paced, ambiguous environment, and excels at communication and collaboration with cross-functional teams.

Responsibilities

The Senior Associate will monitor delinquencies in the investing product and explore opportunities within AI to evolve risk management processes. They will build and optimize risk management processes for new product launches, develop analytical frameworks to evaluate process performance, and monitor non-margin accounts holding securities and options daily to ensure policy adherence. The role involves implementing remedial measures for accounts in debit or high-risk situations, transforming data into clear recommendations, spotting improvement opportunities, enhancing systems and policies, and supporting and mentoring junior colleagues to foster a collaborative culture.

Skills

Brokerage Risk

Money Owed

Delinquency Monitoring

Process Improvement

Stakeholder Management

Client Reimbursement

Negative Balance Resolution

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.

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