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Compliance Associate

Wealthsimple

Wealthsimple

Legal
Toronto, ON, Canada
Posted on Thursday, May 30, 2024
Your career is an investment that grows over time!
Wealthsimple is on a mission to help everyone achieve financial freedom by reimagining what it means to manage your money. Using smart technology, we take financial services that are often confusing, opaque and expensive and make them transparent and low-cost for everyone. We’re the largest fintech company in Canada, with over 3 million users who trust us with more than $30 billion in assets.
Our teams ship often and make an impact with groundbreaking ideas. We're looking for talented people who keep it simple and value collaboration and humility as we continue to create inclusive and high-performing teams where people can be inspired to do their best work.
About the role
As a Compliance Associate, you will be conducting the day-to-day supervision of trading activity, staff conduct and handling formal complaints. You will participate in mapping regulatory requirements and regulatory initiatives to deliver a best-in-class compliance program that is closely aligned with our business strategy and operational priorities. You will also partner with Legal, Finance, Engineering, Sales, Trading, Client Success and Operations to support various regulatory initiatives and projects. Our ideal hire has a demonstrated track record of compliance innovation and the ambition and drive to build a highly scalable compliance platform - we’re constantly looking at how to do things better, and we’d expect the same of you.

In this role you will be responsible for:

  • Conducting client and employee supervision reviews for the order execution only platform, crypto platform and account opening processes.
  • Handling formal complaints and related regulatory submissions.
  • Participating in all regulatory audits and contributing to driving regulatory initiatives across various platforms.
  • Assisting with developing appropriate and scalable policies and procedures, as well as providing day-to-day support and guidance to cross-functional teams.
  • Educating and supporting personnel on compliance matters and promoting policy and procedure understanding, engagement, and application.
  • Assisting in conducting effectiveness testing of supervision-related processes and controls to ensure proper risk mitigation for the business.
  • Understanding how the firm’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

We're looking for someone who brings:

  • Compliance experience - 3+ years of investment industry experience.
  • Experience and/or knowledge in Blockchain Technology and cryptocurrency.
  • Business creativity and a problem solving mindset - you have the ability to link business imperatives and regulatory requirements.
  • Excellent interpersonal skills and a willingness to work in collaboration with various team members; confidence to express views that may be contrary to prevailing wisdom.
  • Strong analytical and problem-solving skills with superior attention to detail; ability to exercise strong judgment in gray areas.
  • Honesty and integrity - doesn't cut corners; does what is right, not what is politically expedient.
  • Technical proficiency with SQL or Python (experience with Preset is an asset).

Nice to haves:

  • Regulatory proficiency - satisfies CIRO requirements to be registered as Supervisor, Securities and Options (CSC, CPH, DFOL, OSC and IDSC completed).
Why Wealthsimple?
🤑 Competitive Salary with top-tier health benefits and life insurance
📈 Retirement savings matching plan using Wealthsimple Work
🌴 20 vacation days per year and unlimited sick and mental health days
📚 Up to $1500 per year towards wellness and professional development budgets respectively
🛫 90 days away program: Employees can work internationally in eligible countries for up to 90 days per calendar year
🌎 A wide variety of peer and company-led Employee Resource Groups (ie. Rainbow, Women of Wealthsimple, Black @ WS)
💖 Company-wide wellness days off scheduled throughout the year
We’re a remote-first team, with over 1000 employees coast to coast in North America. Be a part of our Canadian success story and help shape the financial future of millions — join us!
Read our Culture Manual and learn more about how we work.
DEI Statement
At Wealthsimple, we are building products for a diverse world and we need a diverse team to do that successfully. We strongly encourage applications from everyone regardless of race, religion, colour, national origin, gender, sexual orientation, age, marital status, or disability status.
Accessibility Statement
Wealthsimple provides an accessible candidate experience. If you need any accommodations or adjustments throughout the interview process and beyond, please let us know, and we will work with you to provide the necessary support and make reasonable accommodations to facilitate your participation. We are continuously working to improve our accessibility practices and welcome any feedback or suggestions on how we can better accommodate candidates with accessibility needs.