Senior Compliance Officer
Toronto, ON, CA
6d ago

POSITION : Senior Compliance Officer Job Description Since 2001, CanDeal operates an institutional multi-dealer to client electronic trading platform for fixed securities and derivatives.

CanDeal serves a variety of institutions, a network that includes the largest banks, asset managers, central banks, and pension funds.

Its focus is on applying technology to drive greater efficiency and overall performance for institutions that trade fixed-

income securities and derivatives. CanDeal also offers market data products and services and other support to participants in the fixed-

income markets. Its focus is on applying technology to drive greater efficiency and overall performance for institutions that trade fixed-

income securities and derivatives. Under the direction and support of the Chief Compliance Officer and General Counsel, the Senior Compliance Officer assists in the effective implementation, maintenance and administration of the compliance and risk monitoring program for CanDeal’s products, services and lines of business.

This position coordinates and performs monitoring, surveillance and risk assessment activities to ensure that the compliance program remains current and is aligned with the enterprise-

wide compliance program and risk appetite. The Senior Compliance Officer works closely with the lines of business ( LOB ) and other internal business partners to ensure regulatory, corporate and fiduciary obligations are met.

To effectively achieve compliance goals, the Senior Compliance Officer maintains current knowledge of regulatory requirements and developments, monitors risk, and identifies and corrects possible gaps and weaknesses.

This position advises LOB management on implications of new regulatory policies or CanDeal products and services, and assists in the implementation of new or revised policies and programs to address them.

The Senior Compliance Officer develops and maintains compliance information for analysis and reporting. Key Responsibilities / Accountabilities LOB Compliance Program, Execution and Monitoring *Perform periodic compliance reviews, in accordance with applicable laws, rules and regulations, particularly National Instrument 21-

101 Marketplace Operation, IIROC rules, and CanDeal policies and procedures. *Coordinate and perform ongoing risk assessments to ensure compliance policies and risk controls are operating appropriately.

Create analyses of risk assessments for LOB business groups. Identify and analyze factors that may affect risk mitigation and compliance with applicable regulatory requirements.

  • Anticipate potential consequences of unaddressed risk factors or shortfalls in compliance and recommend appropriate controls.
  • Continually challenge LOB personnel through ongoing dialogue and discussion to identify opportunities to implement more effective compliance-

    related policies and procedures. *Elevate high-level profile or high-risk cases to the Chief Compliance Officer and LOB management to ensure visibility and prompt resolution.

  • Prepare complete, accurate documentation of compliance monitoring and surveillance activities. Report findings to the Chief Compliance Officer and LOB management.
  • And provide timely follow-up on outstanding issues. *Validate that issues identified through compliance monitoring and review processes are promptly addressed.

    Ensure that management remediation plans are adequate. *Engage in project related work necessary for regulatory reviews, remediation, or inquiries.

  • Execute appropriate testing and analyze key performance indicators to ensure requirements of the LOB policies and programs are maintained at a level commensurate with regulatory expectations.
  • Regulatory Consultation *Act as the key compliance relationship manager and provide advisory services on compliance matters to LOB management and staff (first line of defence).

    Work proactively with LOB contacts and management toward ensuring that effective and efficient compliance risk management solutions are identified and implemented.

  • Review various forms, disclosures and internal and external communications for compliance with applicable requirements.
  • Handle requests from management and staff for situation-specific advice. This may involve requesting interpretations from the regulators or arranging information sessions with the regulators.
  • Consult on new products, services and automated systems to assist the LOB(s) with incorporating compliance requirements into these initiatives.
  • Provide education, training, guidance and direction on compliance issues to employees. Regulatory Governance *Develop and maintain a high level of expertise in all regulations, principals and guidance which apply to the LOB.
  • Provide input to LOB staff regarding emerging issues and interpretation of regulations. *Analyze business initiatives to identify and highlight potential financial services industry regulatory and reputation risks that should be considered and addressed.
  • Respond to inquiries from regulators and CanDeal employees regarding CanDeal policies and procedures and financial services industry regulatory obligations.
  • Identify training needs based on gaps identified through the compliance monitoring process. *Assist LOB management and staff in communicating and implementing changes to applicable policies and procedures.
  • Interact with auditors during internal, external and regulatory audits and examinations. Job Qualifications *3-5 years of related experience in the financial services industry in a compliance or risk capacity.
  • Knowledge of the financial services industry and regulations relating to trading in securities and other financial instruments.
  • Working knowledge of the Ontario Securities Act, CSA National Instrument 21-101 and National Instrument 31-103, IOSCO Principles, PIPEDA, or AML.
  • Knowledge of market structure and marketplace operations is an asset. *Experience in trading, either from buy- or sell-
  • side is an asset. *Familiarity with trading systems and information technology and security is an asset. *Excellent communication skills, both oral and written.

  • Critical thinking. *Ability to work independently and in a collaborative environment. Like what you’re hearing so far, but still wondering if CanDeal is right for you? We offer :
  • Working in an entrepreneurial and growing organization
  • Ongoing on-the-job learning and development; learning from a leader with a wealth of knowledge
  • Working with innovative technology and with an industry pioneer
  • Opportunity to evolve with a growing organization Interested in being a part of CanDeal? We look forward to your application! Please inform us if you require any accommodations during the hiring process.
  • Please note that only those candidates selected for an interview will be contacted.

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