Senior Manager, Brokerage Finance at Wealthsimple

Toronto, Ontario, Canada

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Finance, BrokerageIndustries

Requirements

A passion for Wealthsimple, fintechs, technology, and AI
An ability to thrive in fast-paced and highly ambiguous settings, building products and processes from the ground up with limited guidance
5+ years of progressive experience in the brokerage industry
CPA designation
Experience working with brokerage accounting systems such as Broadridge, ISM, or Dataphile
A deep and nuanced understanding of Canadian financial regulations, particularly the rules set forth by CIRO
An understanding of a variety of financial products and instruments
The ability to converse fluently with numerous stakeholders, showing an ability to translate requirements into actionable steps
Demonstrated experience in leading cross-functional projects and fostering collaborative partnerships among diverse teams
A highly detail-oriented and analytical mindset, coupled with strong communication and strategic thinking abilities
CFO qualifying examination (asset)
Canadian Securities Course (asset)

Responsibilities

Guide Brokerage Financial Systems: Collaborate with the engineering team to define and articulate the financial requirements for Wealthsimple's brokerage books and records system, including guiding the design and implementation of accounting processes capable of handling the complexities of modern fintech products and ensuring adherence to specific recordkeeping rules
Enable New Product Launches: Act as the key financial and regulatory liaison during the product development lifecycle, working closely with operations and the brokerage CFO to ensure new features and products are built on a foundation of a compliant and accurate underlying ledger, accounting for all financial and regulatory requirements from the initial "ideation" phase
Own Regulatory Reporting: Serve as the subject matter expert and primary owner of all regulatory reporting, with a specific focus on preparing, reviewing, and submitting all required reports to the Canadian Investment Regulatory Organization (CIRO) and provincial securities commissions, ensuring strict compliance with specific accounting treatments prescribed by the regulation
Support Month End Reporting: Step in when needed to help complete month end processes including supporting manager group in month end reviews and approvals

Skills

Brokerage Finance

Financial Systems

Regulatory Compliance

Accounting Processes

Fintech

Product Development

Engineering Collaboration

Books and Records

Recordkeeping

Financial Reporting

Operations

Cross-functional Collaboration

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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