Trade Supervision and Oversight Manager in Toronto

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

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 expertly.

Fidelity Clearing Canada (FCC) is the leading independent clearing broker and custodian in the Canadian market. We provide trade execution, clearing, custody and back-office support services to Canadian-based brokerage firms and the Canadian brokerage arms of U.S.-based firms.

The Trade Supervision and Oversight Manager is responsible for the effective supervision and oversight of trading activities across a multi-asset desk, ensuring full compliance with Canadian regulatory requirements and internal policies. Reporting to the VP Trading and Treasury, this position partners closely with Trading, Compliance, Risk and Technology teams to maintain robust supervisory practices and controls, enhance surveillance capabilities and drive continuous improvement. These controls must be aligned with CIRO (Canadian Investment Regulatory Organization), CSA regulations, and applicable marketplace rules.

Responsibilities also include partnering with the Directors of Trading on business management, risk and project oversight as well as assisting with vendor and marketplace relationships. This role will be expected to leverage technology extensively and collaborate with the Trade desk to minimize any manual practices or desk patterns.

The value you deliver:

• Supervise daily trading activity across asset classes (e.g., equities, fixed income, FX, equity options and securities lending) in accordance with CIRO Dealer Member Rules/Universal Market Integrity Rules (UMIR), marketplace regulations and CSA requirements.
• Utilizing data-driven applications, monitor trading conduct to ensure adherence to Best execution obligations (NI 23-101 / UMIR).
• Conduct daily and periodic supervisory reviews, including exception monitoring and trade surveillance alerts.
• Identify, investigate, and elevate potential regulatory breaches.
• Provide guidance to traders on regulatory interpretation, internal policies, and evolving Canadian market structure requirements.
• Maintain, update and refine existing desk policy and procedure documents including written Supervisory Procedures (WSPs) in alignment with CIRO expectations.
• Utilize trade surveillance systems and analytics tools to monitor trading activity in real-time and post-trade.
• Enhance supervisory effectiveness through automation, data analytics, and control frameworks.
• Partner with Compliance and Technology to continuously improve surveillance scenarios, alert calibration, and reporting.
• Develop dashboards, KPIs, and exception reports to support risk-based supervision.
• Ensure appropriate recordkeeping and audit trails consistent with regulatory requirements.
• Assist VP and Directors with relationship manager functions for Canadian and global execution venues, including exchanges, ATSs, and liquidity providers.
• Oversee broker and venue selection in support of best execution and trading efficiency.
• Assist with relationship management activities for desk vendors including trading and market data providers.
• Maintain strong governance frameworks supporting demonstrable supervision and control effectiveness.
• Prepare reporting for senior management on Trading supervision metrics, surveillance outcomes and escalations, vendor risk and performance assessments.
• Support the business during regulatory examinations, external and internal audits, and compliance and regulatory reviews.

The Expertise You Bring:

• Strong Knowledge of CIRO Dealer Member and UMIR rules.
• Deep understanding of trading and market structure for equity, fixed income, FX and securities finance markets.
• Experience with trade surveillance tools and exception-based monitoring frameworks.
• Strong analytical and investigative skills with the ability to assess trading patterns and risk indicators.
• Determined and critical insight with the ability to assert research backed conclusions.
• Strong customer service and relationship management skills.
• Flexibility to effectively deal with and adapt to change in environment of frequent change.
• Excellent organizational skills and ability to work with minimal supervision.
• Experience working with cross-functional teams, including trading, legal, audit and risk.
• Effective communication, written, verbal and presentation skills.
• Ability to manage multiple priorities and work under pressure.

What We Are Looking For:

• University Degree or equivalent relevant work experience.
• 5 years experience as a Trader, or Compliance oversight working experience.
• CSC (Canadian Securities Course) and CPH (Conduct and Practices Handbook Course) and TTC (Trader Training Course) OLC (Options Licensing Course) or DFC (Derivatives Fundamentals) would be an asset.
• CFA (Chartered Financial Analyst) and/or CIM (Chartered Investment Manager) are Nice to have.

Total Rewards That Reflect Your Impact:

We believe exceptional work deserves exceptional recognition. That’s why we offer a competitive compensation package designed to support your success today—and your financial well-being tomorrow.

For this role, your total rewards include:

• Base Salary and Discretionary Performance Bonus Total annual cash compensation (base salary plus target bonus) ranges from $133,000 to $158,000, based on your experience and qualifications.
• RRSP Contribution After 6 months of employment, we invest in your future with an RRSP contribution—no employee matching required.
• Comprehensive health benefits that start on your first day, with 100% employer-paid premiums, that include up to $6000 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.

Fidelity Canada is an equal opportunity employer 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.