Manager Investment Compliance

Fidelity Canada; Toronto; Hybrid; CAD 90,000 - 130,000; Full time

Job summary

A financial services company in Toronto is seeking a Manager Investment Compliance to oversee compliance policies and manage a team of analysts. This role involves ensuring adherence to regulatory standards and developing monitoring programs. The ideal candidate has over seven years of experience in financial services, particularly in compliance, and holds a relevant university degree. Competitive compensation and hybrid working arrangements are offered.

Benefits

Flexible working arrangements

Competitive total compensation

Comprehensive health benefits

Parental leave top-up

Home office equipment allowance

Generous time off policy

Professional development opportunities

Qualifications

• Minimum seven years of financial services experience, particularly in compliance.
• Experience at a mutual fund manager is an asset.
• Demonstrate strong leadership and management skills.

Responsibilities

• Ensure compliance policies are established and maintained per regulations.
• Develop a robust compliance monitoring program.
• Manage a team of compliance analysts.

Skills

Strong knowledge of securities regulations

Excellent analytical skills

Effective prioritization

Excellent written and oral communication skills

Proficient in Microsoft Office

Strong influencing skills

Education

University degree

Canadian Securities Course or Canadian Investment Funds Course (preferred)

Tools

Microsoft Excel

Microsoft PowerPoint

Charles River

Bloomberg

Job description

Job Description

You will be working on a pre-defined hybrid schedule as part of Fidelity’s dynamic working arrangement.

Current work authorization for Canada is required for all openings.

What we do:

At Fidelity, we’ve been helping Canadian investors build better financial futures for over 35 years. We offer individuals and institutions a range of trusted investment portfolios and services - and we’re constantly seeking to find new and better ways to help our clients. As a privately owned company, we boldly embrace innovation in all areas as we continue to grow our business into the future.

Working with us means you’ll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. You’ll have a wide range of opportunities to grow and develop your career in an inclusive environment where you’ll feel valued and supported to be your best - both personally and professionally.

Job Description Summary:

Reporting to the Director Investment Compliance, the Manager Investment Compliance is responsible for ensuring Compliance policies and procedures are established and maintained in accordance with applicable regulatory requirements. In addition, the Manager is required to identify and monitor regulatory developments and communicate applicable business obligations on an ongoing basis. In this role, the Manager will maintain an effective monitoring and oversight program to ensure adherence to investment and regulatory compliance standards including oversight or completion of required regulatory filings. The Manager will develop, prepare and present materials in support of internal governance committees and lead or participate in Compliance department initiatives or business projects and initiatives. As a Manager of people, the Manager is responsible for leading team members to draft and implement policies and procedures, analyze, resolve and address regulatory issues impacting the business and providing responses to regulatory inquiries.

What you will do:

Responsibilities

• Advisory Services: Provide ongoing compliance advice across the organization on matters including but not limited to fund guidelines and investment eligibility, material non-public information, derivative use, and other investment compliance matters. Develop, draft and maintain appropriate policies and procedures based on regulatory requirements and industry best practice.

Measures:

• Advice provided is given in accordance with applicable regulations and delivered in a timely manner.
• Advice is provided in a consistent manner and is customized to audience such that it is understandable and actionable.
• Keep abreast of new legislation, ensure policies are drafted in response to regulatory changes, and that regular policy reviews and updates are conducted.
• Communicate changes to impacted business units on a timely basis.

Monitoring Program:

Develop and maintain a robust compliance monitoring program including but not limited to NI 81-102, NI 81-107, Pension Benefits Act, material non-public information, and various investment management policies and procedures.

On an ongoing basis, proactively assess business activities and regulations that require monitoring and identify opportunities for improvement. Determine appropriate methodologies for execution of monitoring and consistently look to develop an efficient and effective monitoring program.

Manage team of compliance analysts and ensure monitoring and oversight tasks are executed in a timely manner and any violations are escalated appropriately.

Measures:

• Ensures the monthly monitoring summary is completed accurately and delivered on a timely basis.
• Areas for improvement and remediation are identified, the status quo is effectively challenged, and consensus built on recommended solutions.
• Issues and action plans are captured and tracked through to remediation.
• Accurate and timely reporting is prepared for the CCO, Board Compliance Committee, IRC and other internal governance committees.

Projects:

Represent Compliance on regulatory projects initiated by Compliance and act as a subject matter expert on other projects initiated by stakeholders across the organization.

Measures:

• Provide advice consistent with applicable regulations and delivered in a timely manner.
• Work with the business to find solutions to meet business needs and satisfy regulatory requirements.
• Ensure Compliance projects are delivered on time and within scope.

Governance & Reporting:

Participates actively in managing the agenda for the Complex Securities Committee including topics for discussion, follows up on assigned action items, ensures completion and delivery of regular reporting on the status of monitoring programs, ensures Compliance policies are reviewed and updated frequently and delivers presentations to the Committee and various internal governance forums. Drafts and reviews board reports. Supervises the preparation of regular reporting, policies and presentations by team members.

Measures:

• Agendas are set well in advance of Committee meetings and materials are updated in a timely and accurate manner.
• Presentations are delivered in a manner that is appropriate to the audience and at an appropriate level of detail depending on the audience.
• Regular reporting on the status of Compliance monitoring/oversight programs are delivered in a timely manner and issues identified have appropriate action plans put in place to remediate.

Managing Regulatory Filings / Compliance Issues / Inquiries and Examinations:

Oversee regulatory filings and reporting, respond to internal and external reviews of Fidelity’s compliance program, and lead remediation of regulatory and audit issues, bring them to closure and communicate outcomes to senior business leaders. Communicate the resolution of issues to regulator and be the main point of contact for all external inquiries.

Measures:

• Ensures processes are in place to complete all regulatory filings within required deadlines and ensures oversight processes are in place to validate and track all filings.
• Responses are provided to the applicable parties within any set deadlines.
• Internal and external compliance issues and regulatory inquiries are appropriately escalated and communicated to the CCO and senior business leaders.
• Builds consensus on action plans and ensures implementation of solutions.
• Coordinates with relevant internal stakeholders and reviews all external responses.

Manage Performance and Development:

Adhere to all manager accountabilities, by exemplifying Fidelity values and leadership behaviors. Developing and encouraging team members to succeed and reach their full potential. Develop an employee base capable of meeting Fidelity's current and future talent needs. Evaluate performance and provide continual constructive feedback, coaching and guidance to strengthen team and individual effectiveness; provide challenging assignments to develop employees. Address performance issues in a timely and direct manner. Translate strategy into clear goals, plans and metrics for team and individuals. Ensures that team members understand how their work connects to the organization’s goals; keeps people focused on priority goals and metrics. Challenges people to set and achieve ambitious goals and holds them accountable.

Measures:

• The team is staffed with qualified individuals.
• Ensures staff is coached effectively and opportunities for personal and professional development are promoted.
• Provides developmental coaching and mentoring for direct reports.
• Conducts regular employee meetings to review performance, provide constructive feedback and conduct development discussions.
• Recognizes and rewards key contributions.
• Sets clear, concrete and actionable bonus goals for the department to drive the business forward.
• Ensures staff is challenged and growth in development of skill set is achieved.

Skills and Knowledge

• Strong knowledge of securities and other regulations applicable to mutual fund managers and asset management, including relevant national instruments and securities regulations.
• Excellent analytical, research, and investigatory skills
• Excellent written and oral communication skills
• Strong influencing skills.
• Effective prioritization of tasks, ability to deliver under pressure
• Excellent interpersonal and collaborative skills.
• Proficient in Microsoft Word, Excel and PowerPoint.
• Past experience of Charles River and Bloomberg

What we\'re looking for:

• Minimum seven years of financial services experience, most recently in a compliance or related role at a financial services company.
• Experience at a mutual fund manager an asset.
• University degree (or equivalent experience)
• Canadian Securities Course or Canadian Investment Funds Course preferred

Some of the ways we’ll help you feel valued and supported as part of our team:

• Flexible working arrangements - hybrid 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 $5000 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

We care a lot about fostering a compassionate, people-centric culture, and are proud to have been named one of Canada’s Top 100 employers for the last five years.

Fidelity Canada is an equal opportunity employer

Fidelity Canada is committed to fostering a diverse and inclusive workplace. We will consider all qualified applicants for employment regardless of race, color, religion, sex, sexual orientation, gender identity or expression, national or ethnic origin, age, disability, family status, protected veterans’ status, Aboriginal/Native American status or any other legally-protected ground.

Accommodation during the application process

Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. If you require an accommodation, please email [e-mail].

No telephone inquiries or agencies please. We thank all applicants for their interest, please be advised that only those selected for an interview will be contacted.

Why Work at Fidelity?

We are proud to be recipients of the following:

Awards

Canada\'s Top 100 Employers, Greater Toronto\'s Top Employers, Canada\'s Top Family-Friendly Employers, Canada\'s Top Employers for Young People, Great Place To Work® Certified, Best Workplaces for Inclusion, Best Workplaces for Mental Wellness, Best Workplaces for Today\'s Youth, Best Workplaces for Women, Best Workplaces in Financial Services & Insurance, Best Workplaces in Ontario, Best Workplaces with Most Trusted Executive Teams

LinkedIn Top Companies in Canada

Human Resource Director (HRD) - Best Place To Work

Canadian Compassionate Companies – Certified, Benefits Canada\'s Workplace Benefits Award - Future of Work Strategy, TalentEgg National Recruitment Excellence Award - Special Award for Diversity & Inclusion in Recruiting, Canadian HR Reporter\'s Most Innovative HR Team

Accommodation

Fidelity Canada is committed to accommodating candidates with disabilities in the selection process. If accommodations are needed, please email [e-mail]