Senior Manager, Compliance Program Management 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, Financial ServicesIndustries

Requirements

8+ years of experience in compliance or regulatory roles within CIRO regulated financial institutions
Demonstrated experience managing enterprise compliance programs and leading high-performing, innovative compliance teams
Strong knowledge of Canadian securities regulations and CIRO requirements applicable to investment dealer products and services
Experience developing compliance policies, procedures, and training materials
Demonstrated ability to manage complex compliance operations and improvement initiatives
Strong knowledge of brokerage operations and product structures
Completion of the Investment Dealer Supervisors Course (IDSC), Canadian Securities Course (CSC), Conduct and Practices Handbook (CPH)

Responsibilities

Direct the development, implementation, and maintenance of key compliance frameworks including policies, procedures, manuals, and training programs
Manage specialized compliance teams handling marketing compliance, account supervision, and complaints handling
Ensure consistent application of compliance standards across the organization through effective program governance
Build strong collaborative relationships with Product, Trading, Operations, Engineering, and Finance teams to ensure compliant implementation of business initiatives
Oversee the maintenance and regular updates of the firm's Compliance Manuals, policies, and procedures to align with regulatory changes and business evolution
Lead the firm's conflicts of interest management framework, including identification, documentation, and mitigation strategies
Develop and implement comprehensive compliance training programs for staff across all business lines
Establish compliance program metrics, reporting structures, and quality assurance processes
Design and execute compliance risk assessments across the organization
Identify risks and opportunities in the evolving regulatory environment
Build productive relationships with CIRO and other regulatory bodies to influence policy decisions

Skills

Key technologies and capabilities for this role

Compliance Program ManagementRegulatory ComplianceSecurities ComplianceEnterprise Risk ManagementProgram DevelopmentProgram ImplementationFinancial RegulationsCompliance Operations

Questions & Answers

Common questions about this position

What is the employment type for this role?

This is a Permanent Full Time position.

Is this role remote or does it require office work?

This information is not specified in the job description.

What are the key responsibilities of the Senior Manager, Compliance Program Management?

The role involves directing the development, implementation, and maintenance of compliance frameworks including policies, procedures, manuals, and training programs, managing specialized compliance teams, and building relationships with Product, Trading, Operations, Engineering, and Finance teams.

What is the company culture like at Wealthsimple?

Wealthsimple values collaboration, humility, simplicity, and creating inclusive high-performing teams. The Reg team is agile, forward-thinking, creative in tackling regulatory challenges, resourceful, adaptable, and committed to high integrity and ethics.

What experience makes a strong candidate for this role?

A strong candidate is super motivated and experienced in compliance program management, with the ability to lead teams, oversee compliance frameworks, manage conflicts of interest, develop training programs, and collaborate across business functions.

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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