Surveillance Officer

CIRO / OCRI; Montreal; Hybrid; CAD 85,000 - 95,000; Full time

Benefits offered by this job

Hybrid work environment

Health benefits and spending account

Defined contribution pension plan

Paid flex days and sick days

Vacation days

Parental leave top up

Continuous learning and designations

Job summary

CIRO in Canada is seeking a seasoned regulatory professional to join our team in Montreal. You will monitor trading activity, review issuer disclosures, and ensure market integrity under UMIR and securities laws.

This role requires strong knowledge of derivatives, experience with cross-asset surveillance, and the ability to analyze large data sets while collaborating across departments. We offer a hybrid work environment with competitive pay, health benefits, pension plan and ongoing

Qualifications

• Post-secondary degree
• 5–10 years of trading/compliance experience
• Strong expertise in derivatives and knowledge of trading practices
• Completion of the Canadian Securities and Trader Training courses
• Derivatives Fundamentals course would be an asset

Responsibilities

• Communicate daily with dealers, issuers and marketplaces on market-related topics.
• Backup cross-assets review to identify potential UMIR violations and conduct trading analysis.
• Review Listed Issuer Press Releases for materiality and compliance with exchange rules.
• Decide when to halt trading to ensure fair dissemination of news.
• Monitor trading activity to ensure dealer compliance with UMIR using surveillance systems.
• Analyze trading patterns to identify breaches of trading rules and insider trading.
• Assist marketplaces with market quality issues
• Develop new detection tools and respond to evolving trading patterns
• Stay up to date on industry trends through education sessions and seminars

Skills

Trading/compliance exp

Derivatives expertise

Securities/training

Derivatives fundamentals

Education

Post-secondary degree

Securities training

Derivatives fundamentals

Job description

As a self-regulatory organization, the Canadian Investment Regulatory Organization (CIRO) is committed to setting high regulatory standards for the investment industry, safeguarding investors, and supporting the integrity of Canada’s capital markets. Join a growing team and contribute to the dynamic and complex world of Canadian capital markets.

Core Responsibilities:

• Communicate daily with dealers, issuers and marketplaces on a variety of topics that include market manipulation reviews, issuer timely disclosure, marketplace disruption,
• Serve as a backup for conducting cross-assets (Equities, Derivatives, Bonds) to identify potential violations of UMIR or Canadian securities laws. This includes compiling relevant evidence and performing detailed trading analysis.
• Immediate review of Listed Issuer Press Releases to assess materiality, balance and appropriateness in light of relevant exchange rules and securities legislation
• Decide when it is necessary to halt trading to ensure full & fair dissemination of news.
• Monitor trading activity to ensure dealer compliance with Universal Market Integrity Rules (UMIR) using real-time surveillance systems as well as analysis of historical activity.
• Analyze trading patterns to identify breaches of the trading rules, including illegal insider trading.
• Assist marketplaces with certain market quality issues
• Provide assistance in developing new detection tools and responding to evolving trading patterns and exchange facilities.
• Stay up to date on industry trends through education sessions and industry seminars

Key Skills and Competencies:

Must-haves

• Post-secondary degree
• 5/10 years of trading/compliance experience
• Strong expertise in derivatives and comprehensive knowledge of their trading practices.
• Completion of the Canadian Securities and Trader Training courses
• Completion of the Derivatives Fundamentals course would be an asset

Nice to Haves

• In depth knowledge and understanding of UMIR, and marketplace rules
• Deep understanding of the securities industry, and trading practices
• Familiarity with various asset classes (derivatives, fixed income, repos and FX) would be an asset
• Must Have confidence and experience working with large data sets, using business tools,
• Thorough understanding of CIRO policies and procedures in order to ensure market integrity of the Canadian marketplace
• Strong interpersonal and communication skills
• Ability to work under pressure
• Excellent organizational and analytical skills
• Knowledge of Securities Legislation
• Good understanding of the various departments in CIRO to be able to efficiently source information and advice
• Ability to work independently and in a team environment
• Detail oriented
• Familiarity with market structure issues would be an asset

What we offer:

• Competitive base salary in alignment with market
• Performance based bonus *
• Hybrid work environment
• Employer paid Health Benefits and Spending Account that offer flexibility to meet your individual or family needs as of day one
• Defined Contribution Pension Plan with company matching that starts on your first day of employment *
• Paid flex days and sick days *
• Vacation days
• Maternity Leave Of Absence/Paternity Leave Of Absence top up *
• Paid continuous learning and continuing development including designations

Why the Canadian Investment Regulatory Organization (CIRO):

Our purpose and our impact:

With offices across Canada - from Vancouver to Montreal, our mission is to promote healthy capital markets by regulating fairly and effectively so that investors are protected and confident investing in their futures. As regulators, we understand that we are all investors, and therefore a career with us is a purposeful career: protecting our future.

Culture and Working Environment:

Life at CIRO is purpose and performance- driven. We foster an inclusive culture where teamwork, a forward-thinking attitude, and integrity are at the core of everything we do. This creates an environment where employees thrive, grow, and are empowered to learn and contribute their best.

Joining CIRO means becoming part of a dynamic and transparent organization that values accountability and is committed to maintaining the highest standards of regulatory oversight in the financial industry.

Looking for a career where you can safeguard the integrity of Canadian markets? Join CIRO and be part of the team that secures our financial future.

At CIRO, you’ll be part of an organization driven by Pride in Excellence, a strong Focus on Well‑being, and A Shared Purpose that connects our people to meaningful work. We’re committed to fostering an inclusive, supportive environment where you can grow and make an impact. Learn more about what it’s like to build your career at CIRO by exploring our Careers page: https://www.ciro.ca/about-ciro/careers

Our Commitment:

CIRO is an equal opportunity employer and is committed to providing employment accommodation in accordance with the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act, 2005 (AODA). CIRO will provide accommodation to job applicants with disabilities throughout the recruitment process. Should you require accommodation, please contact Human Resources.

We are committed to creating an inclusive and barrier-free recruitment and selection process across Canada. We welcome applications from all qualified individuals and are dedicated to providing accommodations upon request for candidates participating in all aspects of the recruitment process, in accordance with applicable human rights and accessibility legislation.

Our Recruitment Process:

• This posting reflects an active vacancy on our team
• We use automated (AI) tools to assist with candidate sourcing and communications. Applications are reviewed by our hiring team and hiring decisions are made by people.
• This role has a hiring range of $85,000 - $95,000 with the placement and offered salary being based on knowledge, skills, education/training and experience, as well as external market conditions and internal equity.

While we appreciate receiving applications, only those applicants who closely meet the position requirements will be contacted. #Hiring