Trade Supervision and Oversight Manager

Fidelity Canada•Toronto, ON

8d•CA$133,000 - CA$158,000•Hybrid

About The Position

The Trade Supervision and Oversight Manager is responsible for the effective supervision, and oversight of trading activities across a multi-asset desk, ensuring full compliance with Canadian regulatory requirements and internal policies. Reporting to the VP Trading and Treasury, this position partners closely with Trading, Compliance, Risk and Technology teams to maintain robust supervisory practices and controls, enhance surveillance capabilities and drive continuous improvement. These controls must be aligned with CIRO (Canadian Investment Regulatory Organization), CSA regulations, and applicable marketplace rules. Responsibilities also include partnering with the Directors of Trading on business management, risk and project oversight as well as assisting with vendor and marketplace relationships. This role will be expected to leverage technology extensively and collaborate with the Trade desk to minimize any manual practices or desk patterns.

Requirements

Strong Knowledge of CIRO Dealer Member and UMIR rules
Deep understanding of trading and market structure for equity, fixed income, FX and securities finance markets
Experience with trade surveillance tools and exception-based monitoring frameworks
Strong analytical and investigative skills with the ability to assess trading patterns and risk indicators
Determined and critical insight with the ability to assert research backed conclusions
Strong customer service and relationship management skills
Flexibility to effectively deal with and adapt to change in environment of frequent change; agility to grasp new concepts and revise ways of thinking and behaving.
Excellent organizational skills and ability to work with minimal supervision. Adept at multi-tasking, highly organized and managing many initiatives/projects simultaneously
Experience working with cross-functional teams, including trading, legal, audit and risk.
Effective communication, written, verbal and presentation skills
Ability to manage multiple priorities and work under pressure
University Degree or equivalent relevant work experience
5 year’s experience as a Trader, or Compliance oversight working experience
CSC ( Canadian Securities Course ) and CPH ( Conduct and Practices Handbook Course ) and TTC ( Trader Training Course )

Nice To Haves

OLC ( Options Licensing Course) or DFC ( Derivatives Fundamentals) would be an asset
CFA ( Chartered Financial Analyst ) and/or CIM ( Chartered Investment Manager) are Nice to have

Responsibilities

Supervise daily trading activity across asset classes (e.g., equities, fixed income, FX, equity options and securities lending) in accordance with CIRO Dealer Member Rules/Universal Market Integrity Rules (UMIR), marketplace regulations and CSA requirements
Utilizing data-driven applications, monitor trading conduct to ensure adherence to: Best execution obligations (NI 23-101 / UMIR), Marketplace trading rules and fair access requirements, Prohibition on manipulative and deceptive trading practices
Conduct daily and periodic supervisory reviews, including exception monitoring and trade surveillance alerts
Identify, investigate, and escalate potential regulatory breaches
Provide guidance to traders on regulatory interpretation, internal policies, and evolving Canadian market structure requirements
Maintain, update and refine existing desk policy and procedure documents including written Supervisory Procedures (WSPs) in alignment with CIRO expectations
Utilize trade surveillance systems and analytics tools to monitor trading activity in real-time and post-trade
Enhance supervisory effectiveness through automation, data analytics, and control frameworks
Partner with Compliance and Technology to continuously improve surveillance scenarios, alert calibration, and reporting
Develop dashboards, KPIs, and exception reports to support risk-based supervision
Ensure appropriate recordkeeping and audit trails consistent with regulatory requirements
Assist VP and Directors with relationship manager functions for Canadian and global execution venues, including exchanges, ATSs, and liquidity providers
Oversee broker and venue selection in support of best execution and trading efficiency
Evaluate execution quality, routing logic, and transaction cost outcomes
Assist with relationship management activities for desk vendors including trading and market data providers
Assist with onboarding new vendors and lead annual vendor activities including security updates, risk reviews and information updates
Ongoing monitoring of service level agreements (SLAs)
Maintain strong governance frameworks supporting demonstrable supervision and control effectiveness
Prepare reporting for senior management on: Trading supervision metrics, surveillance outcomes and escalations, vendor risk and performance assessments
Support the business during regulatory examinations, external and internal audits, and compliance and regulatory reviews
Maintain documentation consistent with Canadian regulatory recordkeeping and audit standards

Benefits

Base Salary and Discretionary Performance Bonus: Total annual cash compensation (base salary plus target bonus) ranges from $133,000 to $158,000, 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.
Flexible working arrangements - 100% remote, hybrid, and in office options
Competitive total compensation, including company contributions to your group RRSP without a matching requirement from you
Comprehensive health benefits that start on your first day, with 100% employer-paid premiums, that include up to $6000 annually for mental health services and therapy
Parental leave top-up to 100% of your salary for a period of 25 weeks
Up to $650 for home office equipment
Generous time off policy, including 2 paid days annually to volunteer at a charity of your choice
Diversity and inclusion programs, including an active network of Employee Resource Groups
Extensive professional development opportunities, including access to over 11,000 training and development courses, tuition reimbursement, and monetary rewards for completing a required designation