Manager, Business Conduct Compliance

Position Title: Manager, Business Conduct Compliance

Department: Business Conduct Compliance

Location: Toronto

Status: Permanent Full-Time (Hybrid)

Day in the life of:

The Manager, Business Conduct Compliance (BCC) is responsible for maintaining an effective regulatory relationship with assigned dealers by:

• becoming and remaining knowledgeable about the firm’s business model
• keeping current with industry and other pertinent regulatory developments
• responding to dealer inquiries and requests for rule interpretations in an expeditious manner.

This role supervises a team of Business Conduct Examiners conducting field reviews of compliance systems of dealer head office and business locations to ascertain compliance with IDPC/MFD rules and other applicable SRO and statutory obligations.

Core Responsibilities:

• Scheduling dealer examinations based on risk ranking derived from the risk model
• Ensuring effective planning of dealer head office or business location examinations to determine scope of review, areas of principle risk and anticipated number of hours required to complete the examination
• Overseeing execution of the field examination
• Ensuring efficient and effective conduct of field reviews by reviewing and updating modules and procedures, and incorporating and communicating changes to requirements on a timely basis
• Ensuring department objectives are met through effective management and development of staff
• Working with other managers to ensure consistent application of requirements to dealers
• Reviewing reports of deficiencies found and required corrective actions with dealers
• Providing guidance on the review of new member applications and changes to business models for compliance with regulatory requirements

Education/Experience:

• Undergraduate degree
• Completion of Canadian Securities Course, Conduct and Practices Handbook Course, Options Licensing Course, Futures Licensing Course, Partners, Directors and Senior Officers Course, and Chief Compliance Officers Qualifying Exam
• 7 to 10 years in a regulatory or securities environment with at least 2 years of supervisory responsibilities
• Post graduate degree/professional designation would be an asset: law; business; CFA

Key Skills and Competencies:

• Good understanding of the operations of an investment dealer /mutual fund dealer
• Broad knowledge of all securities industry regulations and their application
• Good understanding of audit requirements
• Sound judgment on relevance of findings, application of rules to different circumstances, and necessity of altering ongoing review process based on situations found
• Effective written and oral communication, presentation, persuasion and negotiation skills

What we offer:

• Competitive base salary in alignment with market
• Performance based bonus
• Hybrid work environment
• Employer paid Health Benefits and Spending Account that offer flexibility to meet your individual or family needs as of day one.
• Defined Contribution Pension Plan with company matching that starts on your first day of employment.
• Paid flex days and sick days
• Vacation days
• Maternity Leave Of Absence /Paternity Leave Of Absence top up
• Paid continuous learning and continuing development including designations.

Why the Canadian Investment Regulatory Organization (CIRO):

Our purpose and our impact: 

With offices across Canada - from Vancouver to Montreal, our mission is to promote healthy capital markets by regulating fairly and effectively so that investors are protected and confident investing in their futures. As a regulator, we understand that we are all investors. Therefore, a career with us is a career with purpose, protecting our future. 

Culture and Working Environment:

Life at CIRO is purpose and performance- driven. We foster an inclusive culture where teamwork, a forward-thinking attitude, and integrity are at the core of everything we do. This creates an environment where employees thrive, grow, and are empowered to learn and contribute their best. 

Joining CIRO means becoming part of a dynamic and transparent organization that values accountability and is committed to maintaining the highest standards of regulatory oversight in the financial industry. 

Looking for a career where you can safeguard the integrity of Canadian markets? Join CIRO and be part of the team that secures our financial future. 

Our Commitment: 

CIRO is an equal opportunity employer and is committed to providing employment accommodation in accordance with the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act, 2005 (AODA). CIRO will provide accommodation to job applicants with disabilities throughout the recruitment process. Should you require accommodation, please contact Human Resources. 

CIRO is a pan-Canadian organization that oversees all investment dealers and trading activity in marketplaces across Canada. This position requires the ability to communicate with employees in CIRO regional offices and other CIRO stakeholders across Canada. Accordingly, proficiency in both official languages of Canada (French and English) is needed. Due to the frequent interactions with internal and external English-speaking members, clients, representatives, firms, Canadian provincial and territorial securities regulators, and employees situated outside of Quebec, the position requires a fully bilingual candidate. 

While we appreciate receiving applications, only those applicants who closely meet the position requirements will be contacted. 

#LI-HYBRID #hiring