SVP, Correspondent Services

Raymond James Financial; Toronto; Hybrid; CAD 200,000 - 250,000; Full time

Benefits offered by this job

Health Benefits

RRSP Matching Program

Employee Stock Purchase Plan

Paid Time Off

Volunteer Days

Discretionary Bonuses

Tuition Reimbursement

Internal promotion support

Job summary

Raymond James Ltd. seeks a Senior Vice President to lead the Correspondent Services business, guiding strategy, growth, and client satisfaction. You will oversee risk, regulatory compliance, and innovation while driving performance across a high-caliber team in Canada’s wealth management sector.

The role emphasizes executive leadership, strategic growth, and strong stakeholder engagement with an emphasis on regulated financial services excellence.

Qualifications

• 15+ years leadership in wealth management, custody, or related financial services.
• Executive leadership with accountability for growth, performance, and culture.
• Strong knowledge of Canadian investment dealer landscape and regulation.
• Undergraduate degree; advanced professional designations are a plus.

Responsibilities

• Lead RJCS strategy, performance, and growth.
• Drive business development across client channels.
• Maintain executive relationships with clients, regulators, and partners.
• Ensure regulatory, governance, and risk management compliance.
• Oversee operations, service delivery and innovation.
• Sponsor technology modernization and transformation programs.
• Develop and mentor a high-performing leadership team.
• Represent RJCS within Raymond James and the Canadian wealth industry.

Skills

Executive leadership

Relationship mgmt

Strategic thinking

Regulatory knowledge

Communication

Financial acumen

Business development

Education

Bachelor's in Business or Finance

Job description

Job Description - SVP, Correspondent Services (2600576)

At Raymond James, we develop, we collaborate, we decide, we deliver, and we improve together

Raymond James Ltd. is Canada’s leading independent investment dealers offering high quality investment products and services to Canadians seeking customized solutions to their wealth management needs.

How does the role impact the organization?

Raymond James Ltd. is seeking an accomplished and strategic executive to lead Raymond James Correspondent Services (RJCS), one of Canada's leading correspondent clearing and custody platforms.

As Senior Vice President, Correspondent Services, you will be responsible for the overall leadership, growth, financial performance, regulatory oversight, client experience, and strategic direction of the business. Reporting to the Chief Operating Officer, you will lead a high-performing team while advancing the firm's position as a trusted provider of clearing, custody, and operational solutions for introducing brokers, portfolio managers, and institutional clients.

What will your role be responsible for?

• Lead the overall strategy, performance, and growth of RJCS.
• Drive business development opportunities across introducing broker, portfolio manager, and select institutional channels.
• Build and maintain executive-level relationships with clients, regulators, and industry partners.
• Ensure compliance with all applicable regulatory, governance, and risk management requirements.
• Oversee operational excellence, service delivery, and innovation.
• Sponsor and support strategic initiatives, including technology modernization and business transformation programs.
• Lead, develop, and mentor a high-performing leadership team.
• Represent RJCS within Raymond James and across the Canadian wealth management industry.

What can you expect from us?

Our most important investment is in people. Upon eligibility, Raymond James Ltd offers flexible workstyles, a competitive compensation and benefits package.

• Health Benefits
• RRSP Matching Program
• Employee Stock Purchase Plan
• Paid Time Off
• Volunteer Days
• Discretionary Bonuses
• Tuition Reimbursement and many more!
• support internal promotion and community involvement.

What you bring:

• 15+ years of progressive leadership experience in wealth management, custody, correspondent clearing, capital markets, or related financial services sectors.
• Proven executive leadership experience with accountability for business growth, financial performance, and organizational leadership.
• Deep understanding of the Canadian investment dealer and wealth management landscape.
• Strong knowledge of relevant regulatory frameworks and operating within highly regulated environments.
• Demonstrated success leading strategic growth, change, and transformation initiatives.
• Exceptional relationship management, communication, and stakeholder engagement skills.
• Strong commercial, financial, and operational acumen.
• Undergraduate degree in Business, Finance, Economics, or a related discipline; advanced professional designations are an asset.

We encourage our associates at all levels to:

• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter

Contribute to the continuous evolution of the firm

Salary Range:

$200,000 - 250,000 annually, complimented by rewarding short and long tem incentive programs.

Actual compensation will be determined based on skills, experience, internal equity, and other job requirements.
This posting is for an existing vacancy.

At Raymond James – we honor, value, respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic self, our organization, clients and communities thrive, it is part of our people-first culture. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
Here at Raymond James we demonstrate our commitment to ensuring equal opportunities for all candidates. To request accommodations, candidates are instructed to contact Human Resources via email at [e-mail]. By reaching out to this email address, candidates can communicate their specific requirements and discuss the necessary accommodations they may need to participate fully in the recruitment process.

We may use automated or AI-enabled tools to support parts of our recruitmentand screening process, including screening, assessing or selecting applicants where applicable. These tools help us review applications efficiently,but they donot replace human decision-making.

Raymond James Ltd. is a member of the Investment IndustryRegulatory Organization of Canada (IIROC) and of the Canadian Investor ProtectionFund (CIPF). Customers’ accounts are protected by the Canadian Investor PromotionFund within specified limits. A brochure describing the nature and limits ofcoverage is available upon request or at . 3Macs, MacDougall,MacDougall & MacTier and Raymond James Correspondent Services are divisions ofRaymond James Ltd. Raymond James Ltd. is an integrated financial services firm. Itssubsidiaries, Raymond James Investment Counsel Ltd., Raymond James FinancialPlanning Ltd., Raymond James Trust (Canada) and Raymond James Trust (Québec) Ltd.are not members of the IIROC or the CIPF. Please consult each subsidiary’s webpagesfor applicable corporate, regulatory or membership information.www.cipf.ca