Compliance Advisor

Richardson Wealth Ltd•Toronto, ON

17h•CA$66,000 - CA$75,000•Hybrid

About The Position

The Compliance Advisor is a resource for employees and other industry related professionals regarding industry regulations that must be adhered to within the firm. The primary responsibilities will be geared towards retail compliance including daily and monthly trade/account surveillance, responding to queries of the Investment Advisors, Branches and other departments. This is an existing vacancy.

Requirements

Previous industry experience with a CIRO Dealer Member is an asset, including the ability to conduct suitability assessments
Strong verbal and written communication skills
Strong understanding of how the investment/securities industry functions and be able to apply that knowledge to RWL internal processes
Good understanding of regulatory requirements and industry rules across Canada
Good understanding of trading practices, market structure, risk factors, and general characteristics associated with the various securities and investment strategies to perform day-to-day analysis
Ability to use initiative and work with minimal supervision
Exercise good judgment on regulatory and supervisory issues
Self-motivated and interested in ongoing learning and professional development (including attendance of regulatory or educational conferences and seminars)
Working knowledge of MS Applications including Word, Excel, Access, and PowerPoint
Strong computer and technology skills and familiarity with industry software would be an asset (including Dataphile, Portfolio Aid and Open-Source Ticket Request System (OTRS))

Nice To Haves

Familiarity with Dataphile, Portfolio Aid and Open-Source Ticket Request System (OTRS)

Responsibilities

Conduct, monitor and document daily and monthly head office reviews of client account activity with a focus on criteria outlined in CIRO Policies and other regulatory/corporate guidelines
Identify trading trends developing of specific advisors and/or client accounts with an emphasis on suitability, concentration, potential conflicts of interest, unusual transactions, conducting detailed analysis and escalating concerns to the Regional Team Lead, where necessary
Follow up on inquiries from daily and monthly reviews with Advisors and Branch Management
Ensure that required actions arising from reviews are completed within reasonable timeframes and records are appropriately filed in the central location within the Compliance Department
Functions as a key point of contact and resource on Surveillance related inquiries and requests from employees and Branches staff
Monitor business conduct for risk resulting from regulatory non-compliance and recommend course of action
Assist in AML as needed relating to unusual and/or suspicious activity
Continually evaluate the effectiveness of departmental procedures and participate in developing, maintaining and implementing changes to the policies and procedures
Provide guidance and support to advisors and branch office staff regarding compliance policies and procedures, including effectively communicating requirements
Work on special projects as requested