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 4 million users who trust us with more than $70 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.
The Margin Supervision team at Wealthsimple operates in a fast-paced,
collaborative environment where priorities shift quickly to address market
changes and client needs. We monitor client margin accounts, resolve
deficiencies, and enhance processes all while embracing Wealthsimple's Maker
Owner and The Client culture values. The team takes naive ambition seriously,
constantly seeking innovative approaches to risk management while working
closely with various stakeholders such as product, compliance, and market risk
to operationalize processes and contribute meaningfully to building the margin
business.
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In this role you’ll have the opportunity to
- Monitor and manage risk within margin accounts holding complex derivatives
based on established policies and procedures on a daily basis.
- Effectively implement risk mitigation strategies/solutions in a timely
manner.
- Create and enhance policies and procedures to address complex derivatives
within margin accounts keeping in mind all CIRO regulatory requirements.
- Monitor client level and firm level concentration risk, to ensure excessive
concentration on securities is being managed appropriately by monitoring
market conditions, liquidity, volatility, security specific fundamentals, and
the results of stress tests.
- Monitor client margin accounts on a daily basis to ensure account margin is
on-side.
- Ensure remedial actions are taken on accounts that are under-margined based
on established policies and procedures.
- Ensure remedial actions are taken against highly concentrated accounts based
on established policies and procedures.
- Ensure margin requirements are adjusted for securities by assessing the
results of modeled outputs and ongoing market conditions.
- Perform periodic testing on client margin accounts to ensure that market
values, loan values, margin, and equity balances are being calculated
appropriately and escalate issues to stakeholders in a timely manner.
- Prepare relevant presentation materials on margin lending activities for
oversight committees, effectively communicating key risks in a clear and
concise manner to Senior Management.
- Collaborate with relevant stakeholders, identify gaps and support report and
system changes as required. Review and assess policies and procedures and
recommend enhancements.
What you'll bring
- 3-5 years of experience in margin and complex derivatives working for an
investment dealer in a similar capacity.
- Preferred candidates will have active registration with CIRO as an Investment
Representative dealing with complex derivatives and as an Options
Supervisor.
- Courses required for these registrations include Canadian Securities Course
(CSC), Conduct and Practices and Handbook Course (CPH), Derivatives
Fundamentals and Options Licensing Course (DFOL), Futures Licensing Course
(FLC), Investment Dealer Supervisors Course (IDSC), and Canadian Commodity
Supervisor’s Qualifying Exam (CCSE).
- Margin expertise and excellent knowledge of complex derivatives and their
associated risks.
- In depth knowledge of CIRO IDPC 5000 rules pertaining to margin requirements,
particularly on equities and complex derivatives.
- Data and analytics - strong analytical and problem-solving skills with
superior attention to detail. Ability to retrieve and analyze data using SQL.
- Ability to work in a fast-paced environment, be a self starter, solve issues
independently, and excel in a dynamic setting.
- A strong problem solver with extraordinary judgment and ability to navigate
through uncertainty.
- Collaboration and communication - excellent interpersonal skills and
willingness to work in collaboration with various team members.
- Someone who speaks plainly and truthfully, is able to communicate complex
ideas in an easy- to understand way.
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Why Wealthsimple?
?? Competitive salary with top-tier health benefits and life insurance
?? Retirement savings matching plan using Wealthsimple for Business
?? 20 vacation days per year and unlimited sick and mental health days
?? Up to $1,500 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 1,000 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 [https://www.wealthsimple.com/en-ca/culture/] and learn
more about how we work. [https://www.wealthsimple.com/en-ca/about/work-with-us]
Technology & Innovation at Wealthsimple
We believe the future belongs to those who innovate boldly. At Wealthsimple,
every team member is expected to lean into new technologies, including AI, and
tooling to rethink how we work, solve problems faster, and create even greater
value. We're looking for people who are not just comfortable with change but
energized by it. Our commitment is to build a company that evolves at the pace
of the world around us, and we want you to help lead that future.
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.
