Managing Director, TSX Venture Exchange
TMX GROUP
Vancouver, CA
3d ago

The public venture market community in Canada has long been recognized as the premier ecosystem in the world for supporting the ambitions of entrepreneurs and the success of early-stage public companies.

TSX Venture Exchange (TSXV) serves at the centre of this sophisticated, interconnected community of stakeholders, which includes entrepreneurs, investors, financiers, brokerage firms, securities lawyers, accountants, industry professionals and regulators in Canada and around the world.

Each element plays a key role in the vitality of the ecosystem.

  • The Managing Director, TSX Venture Exchange will work with the broader Capital Formation team to architect the Venture model of the future - a future where early stage public companies may access capital in new ways and where investors may trade and fund early stage public companies differently than they do today;
  • a future that may see the traditional role of exchanges, such as TSXV, change in order to remain vital and relevant to our clients.

    The incumbent must have extensive experience and knowledge of the Canadian capital markets, and in particular the junior market, and the roles of the various stakeholders within the traditional Public Venture Capital (PVC) ecosystem, to meaningfully advance TSXV policies and structures to help attract new stakeholder communities and pools of capital to our markets in order to revive, renew and expand the customer base that TSXV supports.

    The Managing Director, TSX Venture Exchange will leverage their capital markets business experience, their understanding of traditional PVC models, as well as insight into the environment in which small companies operate to thoughtfully transform TSXV for the future.

    The Managing Director, TSX Venture Exchange must have a deep understanding of the policies and procedures of the TSXV (namely the TSX Venture Exchange Corporate Finance Manual), to be able to provide strategic and tangible direction to TSXV on how to revitalize and modernize TSXV’s rules and policies to best anticipate, address and advance changes in the capital markets ecosystem and the evolving global economic landscape.

  • The Managing Director, TSX Venture Exchange will be responsible for overseeing the development of expertise in the public venture market;
  • maintenance and growth of a competitive Canadian public venture market; development of regulatory innovations in the public venture market;
  • and development of policy that improves the competitive position of the Exchange. Additionally, they will passionately and continuously promote TSXV and the PVC market.

    As an ambassador for the markets of these entities for North America, they must have the ability to work with, and draw ideas from all relevant stakeholders in forming the vision and strategies for the future of PVC.

    The successful candidate must have the leadership and communication skills to turn vision into reality and to engage all stakeholders on the journey.

    KEY RESPONSIBILITIES

    Continue to Evolve the TSX Venture Exchange Franchise

    Rethink and evolve the broader TMX Venture Franchise , which includes companies listed on TSXV and NEX, as well as small and medium size companies listed on TSX, to make it easy for clients to do business with us

    Drive the franchise into the future to address market and systemic changes through policy modernization and advocacy. Meaningfully advance and modernize the TSXV's rules, policies and structures to help i) attract new stakeholder communities and pools of capital to our markets, ii) enhance the competitive position of the TSXV, and iii) address the evolving capital markets and global economic landscape.

    Nurture strong relationships with clients and their partners in the PVC market in order to continually grow our understanding of market pain points, to enable us to address them through policy changes, new product and / or service offering opportunities.

    Build on TSXV’s strong legacy of financing the natural resources sector, to tailor and augment products and services which meet the needs of small and medium sized enterprises (SMEs) and entrepreneurs in high growth sectors

    Protect and extend the TSX Venture brand geographically in select markets where growth is plausible and where the requisite regulatory environment is conducive.

    This includes leveraging our dominant position in junior resource exploration and development, including mechanisms such as our globally recognized standards for technical reports (NI43-101), tax advantaged flow-through programs, etc.

    to further reinforce the position of TSX Venture Exchange globally across all sectors.

    Grow the customer base of TSXV by continuing to develop new market mechanisms that enable greater investor participation levels in the non-resource sectors, such as technology, innovation and diversified sectors.

    Lead advocacy efforts with various stakeholders, including governments, to advance mutually beneficial policy and program changes applicable to publicly-listed SMEs and the overall Canadian economy.

    Increase public venture market liquidity.

    Embrace technology and digital strategies to increase operational efficiencies and ensure a seamless and efficient experience for our clients and market stakeholders.

    Strategy Development & Planning

    Work with the broader Capital Formation Management team to annually create and recommend the strategic growth plan for the TSXV within the context of the broader TMX long term strategy.

    Develop detailed implementation plans to ensure execution of strategies.

    Evaluate all alternatives when deciding how to profitably grow the business and enter new markets. Include organic growth, joint ventures, partnerships and acquisitions among the alternatives to be considered in the how and what of strategic decisions.

    Develop strategies to respond to the increasingly competitive market for listings. Stay on top of PVC market trends and industry developments as well as changes in regulatory environments.

    Anticipate and plan for market disruptors.

    Operate with Integrity

    Operate at all times in a professional, consistent, humble and transparent manner, demonstrating respect and empathy for employees, colleagues and all market stakeholders.

    Operate on the understanding that it is a privilege not a right to operate an exchange in Canada. Balance our commercial interests with the public interest mandate we have been given.

    Promote and maintain an appropriate balance of our commercial interests with our regulatory role within the capital markets and our broad public interest mandate.

    Demonstrate respect for the highly regulated industry in which we operate. Challenge outdated or unintentionally cumbersome processes in a way which respects the Recognition Orders and public interest mandate.

    Ensure that public markets risk management and listing qualification procedures are sound and uphold the integrity and reputation of TSXV.

    Operate as though all behaviour is transparent to the external world.

    Lead and Engage Talent.

    Optimize resource allocation for business success and employee development.

    Set the tone for a high performing culture. Model strong, effective and highly visible leadership, consistent with the TMX Vision, Mission, Purpose and Values.

    Lead the development of a culture and work environment that promotes performance- driven, results-oriented highly engaged employees.

    Communicate corporate priorities and organizational performance, and the context in which they exist, to the team.

    Reinforce a Client centric culture in the team.

    SKILLS & EXPERIENCE

    A minimum of fifteen years of increasingly senior experience gained in the financial services industry or in a related business of comparable complexity

    A deep understanding of the venture capital / junior market, and the policies and procedures of the TSXV (Including the TSX Venture Exchange Corporate Finance Manual) is required.

    A combination of legal, regulatory, venture capital, investment banking and or private equity experience is considered an asset

    Understands the North American regulatory environment relating to capital formation, including the ability to understand complex regulatory policies and procedures and be able to provide substantive direction on policy amendments necessary to fulfil the key mandate of the Managing Director, TSX Venture Exchange.

    Understands global trends impacting early startup companies and venture clients

    Exceptional drafting skills with a high degree of attention to detail.

    Excellent communication and interpersonal skills, adept at public speaking and conducting presentations and media interviews

    Understands matrix management and is able to get strong results without formal authority

    Broad network of relevant connections

    Strategic thinker who is also not afraid to get into the weeds to ensure strategic plans are executed effectively and accordingly to plan.

    Able to build coalitions within and outside the organization to achieve disruptive change including development of innovative partnerships

    Experience working in a highly regulated environment

    Able to inspire employees

    TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate.

    We provide accommodations for applicants and employees who require it.

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