Compliance Advisor

Richardson Wealth; Toronto; On-site; CAD 66,000 - 75,000; Full time

Benefits offered by this job

Health & dental benefits

RRSP matching plan

Paid time off

Job summary

Richardson Wealth is seeking a Compliance Advisor to support retail compliance through daily and monthly surveillance, responding to queries from Investment Advisors and branches, and ensuring regulatory adherence.

You will monitor client activity, identify advisory trends, document findings, and assist in AML tasks while promoting strong regulatory practices across the firm.

Qualifications

• University degree or college diploma completed in a relevant field.
• CSC and CPH designations completed or in progress.
• Experience with CIRO Dealer Member is an asset.
• Strong regulatory knowledge across Canada and CIRO policies.

Responsibilities

• Conduct, monitor and document head office reviews of client activity.
• Identify trading trends and potential conflicts of interest.
• Respond to inquiries from Advisors, Branches and departments.
• Ensure actions from reviews are completed and records filed.
• Act as a point of contact on surveillance inquiries.
• Monitor risk from regulatory non-compliance and suggest actions.
• Assist AML efforts relating to unusual activity.
• Support policy updates and training for staff.

Skills

Communication

Verbal skills

Written skills

Analytical thinking

Initiative

Regulatory subject knowledge

Team collaboration

MS Office proficiency

Attention to detail

Education

University degree or college diploma

CSC; Conduct and Practices Handbook (CPH)

Tools

MS Word

MS Excel

MS Access

MS PowerPoint

Dataphile

Portfolio Aid

OTRS

Job description

About Us

As a leading Canadian wealth management organization, Richardson Wealth offers the personal touch of a boutique firm while delivering big results. With offices across the country, we are home to some of Canada’s best investment advisors. We’ve embarked on an exciting growth phase – a multi-year transformational journey to enhance our entrepreneurial, high-performing, advisor-centric culture.

Position Overview

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.

Duties and 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

Qualifications

• 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))

Education

• University degree or college diploma
• Completion of the Canadian Securities Course (CSC); Conduct and Practices Handbook (CPH)

Benefits

The expected annualized base salary range for this role is $66,000 - $75,000. The actual salary offered will take into consideration a wide array of factors including, but not limited to, the individual’s skill, experience, education and training, and the consideration of internal equity.

Richardson offers a competitive total rewards package in addition to the base pay, which includes a performance-based incentive plan, comprehensive health & dental benefits, a group RRSP matching plan and paid time off.

Why Apply

Our firm is only as good as the people who work here. Our employees are exceptional because they combine in-depth expertise with enthusiasm, and empathy. From our front office talent to our colleagues behind the scenes, we have one focus: to ensure our people thrive here more than anywhere else. Are you innovative, self-driven, and client-centric? If so, we’re ready to invest in you.

Equal Opportunity Employment

Richardson Wealth is an equal opportunity employer and committed to providing a diverse, equitable and inclusive environment. We are happy to meet your individual needs in keeping with the Canadian Charter of Rights and Freedoms and the Accessibility for Ontarians with Disabilities Act. Candidates may request accommodation at any point during the interview process.