Compliance Manager in Toronto

The Compliance & Operational Risk (C&OR) Department is seeking a highly driven and experienced professional to join its Canada team in Toronto. This role provides coverage across the firm’s full-service Markets businesses—including Fixed Income, Equity Sales & Trading, Futures, and Derivatives—and plays a key leadership role in managing compliance and operational risk activities at the country level.

The Senior Country Compliance & Operational Risk Manager is accountable for the effective identification, escalation, and timely mitigation of compliance and operational risks within Canada. This includes ensuring alignment with the Global Compliance Enterprise Policy, the Operational Risk Enterprise Policy, and the firm’s Compliance & Operational Risk Management (CORM) Program and Standard Operating Procedures (SOPs). The role oversees the management of regulatory inquiries and examinations, provides senior-level escalation of key risk issues, and ensures high-quality execution of C&OR activities across teams through strong oversight and review practices.

Key Responsibilities

• Lead country-level C&OR risk assessments and contribute to broader regional assessments, incorporating external loss event reviews to evaluate control effectiveness.
• Produce country-level C&OR reporting, identifying, aggregating, and escalating key compliance and operational risks.
• Identify, validate, and document internal loss events and near misses; perform root-cause analyses and develop remediation plans.
• Review and document relevant external loss events to inform risk assessments.
• Ensure timely and appropriate remediation of Internal Audit, regulatory, and self-identified issues owned by Compliance & Operational Risk.
• Oversee responses to regulatory inquiries and exams, ensuring consistent and effective management by relevant C&OR officers.
• Evaluate internal audit findings, regulatory issues, and monitoring & testing (M&T) results; advise on required remediation in the country.
• Contribute to the development of C&OR monitoring & testing plans.
• Develop and maintain local C&OR training plans.
• Execute governance routines and participate in management committees as required.
• Monitor regulatory changes at both local and regional levels; advise stakeholders on impacts and direct updates to relevant policies, procedures, and processes.
• Lead or support C&OR-related projects and other responsibilities as assigned.

Qualifications

• Minimum 10 years of compliance experience within a full-service investment dealer.
• Strong knowledge of the Canadian regulatory landscape, including CIRO rules, National Instruments, and UMIR.
• Bachelor’s degree or equivalent experience.
• Proven ability to manage compliance programs and lead teams, with 2–5 years of supervisory experience.
• Experience with listed and OTC securities and derivatives trading and/or operations.
• Experience within a foreign bank branch environment is an asset.
• Highly self-motivated, collaborative, and professional.
• Exceptional written and verbal communication skills, with strong analytical capabilities.
• Experience drafting compliance policies, procedures, and guidance documents.