Regulatory Compliance Manager

Fidelity Canada • Toronto, ON

1d • Hybrid

About The Position

This is a hybrid role with a mix of remote and in-office working. Current work authorization for Canada is required for all openings. This is a contract role ending on October 2027. The work location for this role is 483 Bay Street in Toronto until approximately late 2026, when the work location will change to the new Mississauga office at 3 Robert Speck Parkway. Fidelity Clearing Canada (FCC) is the leading independent clearing broker and custodian in the Canadian market. We provide trade execution, clearing, custody and back-office support services to Canadian-based brokerage firms and the Canadian brokerage arms of U.S.-based firms. The Regulatory Compliance Manager reports to the Manager, Trade Compliance and is responsible for the daily operation of the Trade Surveillance program and Trade Desk Supervision. This role will be working to manage these key areas of accountability, include daily investigation of alerts generated by Trade surveillance application various regulatory reporting and assist/participate in projects. You will provide subject matter expertise for system and procedure development and improvement, assist with staff training, generate reporting metrics for periodic reporting. In addition, the role may also be involved with responsibility as a backup for other team members by assisting with responding to general inquiries and review various operational requests (such as fund movement, pricing requests etc.). You will also provide backup for other Risk and Compliance functions and will be a member of a team of compliance professionals dedicated to meeting the requirements of an ever-evolving regulatory landscape.

Requirements

• 5 or more years’ experience in the investment dealer industry, including experience in compliance roles and/or trading desk
• Completion of University degree
• Work experience with derivatives such as Canadian exchange traded futures and options
• Obtained or working towards CSC
• 3+ years of experience in trade surveillance related compliance and pre-trade risk controls is an asset
• Strong analytical skills.
• Working knowledge of the Electronic Trading Rules, Universal Market Integrity Rules, Canada’s AML regulations applicable to a Broker Dealer and other CIRO and CSA regulations.
• Experience working with Market Data systems such as Thompson Reuters and Bloomberg.
• Strong communication, written, verbal and presentation skills.
• High level of proficiency with Microsoft Excel and Access.
• Good working ability with MS Word and PowerPoint.
• Strong interpersonal skills; proficient at providing and accepting feedback.
• Comprehensive knowledge in trading governance

Nice To Haves

• Trader training course, options supervisor course, or conducts and Practices Handbook Course is an advantage
• Obtained or working towards Certificate in Investment Dealer Compliance is nice to have

Responsibilities

• Responsible for the daily operation of the Trade Surveillance Program.
• Collaborate with the team in identifying program and system improvement opportunities.
• Work together with members of the Trade Surveillance team on daily investigation of alerts relating to possible manipulative and deceptive practices, insider trading and trading on material non-public information; traders communication monitoring; testing of order flow to detect possible trade-throughs; oversee testing for correct order marking and submit order marker correction requests; conduct order marker and large position reporting review; support creation of periodic management reporting of the Surveillance program; daily statistical tracking of all surveillance testing measures.
• Gathering and analyzing trade and market data against Universal Market Integrity Rules (UMIR) to identify manipulative and deceptive trading activity.
• Work with the team to ensure there is a robust and effective set of pre-trade risk controls in place for order flow in the various trading platforms used by FCC.
• Track limit breaches across all systems, perform monitoring for limit changes and tracking of limit change approvals.
• Participate in the Trade Review Committee (TRC) with and work with the team to ensure all committee functions are completed in a timely manner.
• Analyze, interpret, and communicate business impacts relating to the Canadian Investment Regulatory Organization (CIRO) Electronic Trading Rules and provide recommendations to the TRC on measures to protect FCC against financial loss.
• Ensure all incidents are escalated appropriately to the Manager, Trade Compliance, Director, Compliance and/or Chief Compliance Officer.
• Assist with regulatory reporting of high-risk items to either FINTRAC or CIRO.
• Record keeping and retention of all back up materials.
• Analyze daily trade activity to determine flags which are appropriately tracked.
• Perform quarterly analytics on flagged orders to identify patterns of abusive trading activity.
• Advise, train, and develop awareness of compliance related issues among FCC employees which may involve both staff training and support.
• Interpret both internal policies and regulatory instruments to resolve both client and staff related issues.
• Co-author new policies and procedures with the Manager, Trade Compliance and/or Director, Compliance.
• Assist with regulatory audit requests.
• Complete regulatory reporting such as short position reporting, Large Open Position Reporting and Fixed income reporting.
• Support and complete pricing related review.
• Update and review existing policies and procedures annually or as required.
• Act as a backup for response to regulatory requests.
• Assist as required in processing and analysis of risk daily workflow.
• Assist in answering wire reviews and escalations.
• Act as a backup for monitoring of employee trading.
• Act as a backup for both firm and staff registrations and NRD maintenance.

Benefits

• Base Salary and Discretionary Performance Bonus: A competitive annual range of $82,000 to $129,000, based on your experience and qualifications.
• RRSP Contribution: After 6 months of employment, we invest in your future with an RRSP contribution—no employee matching required.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 11-50 employees