[Remote] Specialist, Margin Supervision

Note: The job is a remote job and is open to candidates in USA. Wealthsimple is Canada's largest fintech, dedicated to making financial services simple and accessible. The Specialist, Margin Supervision role involves overseeing margin lending activities, managing risks, and ensuring compliance with regulations while collaborating with various teams to improve operational processes.ResponsibilitiesSupport the margin team as a developing subject matter expert on margin lending, derivative instruments, and complex products within margin accounts; assist with agent escalations and technical margin inquiries while building expertise through mentorship from senior team membersMonitor market, credit, and concentration risk at dealer and client levels real-time; identify potential high-risk areas and contribute to the development of risk mitigation strategiesContinuously monitor market conditions, volatility, and portfolio exposures to identify emerging risks; exercise sound judgment to make time-sensitive decisions that rapidly redirect supervision efforts toward affected accounts and implement enhanced oversight protocols in response to changing market conditions while effectively mitigating riskSupport the development and testing of risk models that measure potential losses under various market conditions; apply analytical skills to validate model outputs and identify trendsDevelop working knowledge of CIRO Business Conduct and Financial Operations regulations; assist in analyzing rule requirements and communicating compliance obligations to internal stakeholders with guidance from senior team membersCollaborate with Product, Engineering, Compliance, Finance, Risk, and Operations teams to support risk assessments and help identify operational, compliance, and capital requirements for new and existing productsAssist in implementing and maintaining processes, policies, and procedures that support CIRO regulatory compliance and address capital adequacy requirements; contribute ideas for process improvements and efficiency gainsConduct detailed reviews of transfer activities to evaluate risk exposure, validate control effectiveness, and ensure adherence to established policies while maintaining optimal balance between risk mitigation and operational efficiencyUtilize professional judgement to assess security risk profiles and set dynamic margin rates responsive to volatility and liquidity conditions, maintaining adherence to CIRO regulatory requirementsSupport balanced risk assessment by evaluating client and dealer impacts; contribute to the development of practical solutions that balance risk mitigation with product functionality and client experiencePrepare presentation materials and reports on margin lending activities for internal departments and management; develop clear summaries of complex risk data tailored to varying levels of audience expertiseDemonstrate initiative by identifying process gaps and contributing to team projects; take ownership of assigned tasks and see them through to completion with appropriate oversight and guidanceSkills1-3 years of experience in margin operations, risk management, compliance, or a related function at a CIRO-regulated investment dealer or financial services firmWorking knowledge of margin lending and derivative instruments with developing understanding of strategy risks and payoff profilesStrong analytical capabilities with excellent attention to detail and solid problem-solving skillsDemonstrates sound judgment and composure when working in a fast-paced environmentStrong interpersonal and collaboration skills with ability to build effective relationships across teamsClear communication skills with ability to explain technical concepts to diverse audiencesCompletion of or active enrolment in Investment Dealer Supervisor Course (IDSC), Derivatives Fundamentals and Options Licensing Course (DFOL), or other relevant CSI courses preferredCFA, CPA, or FRM pursuit considered an assetFamiliarity with CIRO IDPC margin requirements under Rules 3000, 4000, and 5000, with commitment to deepening regulatory expertiseWorking proficiency in SQL for data extractionAdvanced Excel skills including formulas, pivot tables, and data analysisBenefitsTop-tier health benefits and life insuranceLong-term group savings with employer match, through Wealthsimple for Business20 vacation days, 4 wellness days, and unlimited sick and mental health days per year90 days away: work outside Canada for up to 90 days per yearCompany OverviewWealthsimple is a fintech company that offers digital financial services to help investors grow and manage their money. It was founded in 2014, and is headquartered in Toronto, Ontario, CAN, with a workforce of 1001-5000 employees. Its website is https://www.wealthsimple.com.



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