Compliance Advisor, Compliance Services and Advisor Support

Position Overview

The Compliance Advisor, Compliance Services and Advisor Support, is a resource for employees and other industry related professionals regarding industry regulations that must be adhered to within the firm. The primary responsibilities will be geared towards retail compliance including; daily and monthly trade/account surveillance, responding to queries of the Investment Advisors, Branches and other departments.

Duties & Responsibilities

• Conduct, monitor and document daily and monthly head office reviews of client account activity with a focus on criteria outlined in IIROC Policies and other regulatory/corporate guidelines
• Identify trends developing in trading of specific advisors and/or client accounts with an emphasis on suitability, concentration, potential conflicts of interest and unusual transactions, conducting detailed analysis and escalating concerns to the Manager of Compliance Services and Advisor Support
• Follow up on inquiries from daily and monthly reviews with Advisors and Branch Management
• Ensure that required actions arising from reviews are completed within reasonable timeframes and records are appropriately filed in the central location within the Compliance Department
• Functions as a key point of contact and resource on Surveillance related inquiries and requests from employees and Branches staff
• Monitor business conduct for risk resulting from regulatory non-compliance and recommend course of action
• Assist the AML team as needed relating to unusual and/or suspicious activity
• Continually evaluate the effectiveness of departmental procedures and participate in developing, maintaining and implementing changes to the policies and procedures
• Provide guidance and support to advisors and branch office staff regarding compliance policies and procedures, including effectively communicating requirements
• Work on special projects as requested

Skills & Qualifications

• 3 – 5 years of industry experience with an IIROC Dealer Member is an asset, including ability to conduct suitability assessments (1 – 2 years in a Compliance role specifically)
• Strong verbal and written communication skills
• Strong understanding of how the investment/securities industry functions and be able to apply that knowledge to RWL internal processes
• Good understanding of regulatory requirements and industry rules across Canada
• Good understanding of trading practices, market structure, risk factors, and general characteristics associated with the various securities and investment strategies in order to perform day-to-day analysis
• Ability to use initiative and work with minimal supervision
• Exercise good judgment on regulatory and supervisory issues
• Self-motivated and interested in ongoing learning and professional development (including attendance of regulatory or educational conferences and seminars)
• Working knowledge of MS Applications including Word, Excel, Access, and PowerPoint
• Strong computer and technology skills and familiarity with industry software would be an asset (including Dataphile, Portfolio Aid and Open-Source Ticket Request System (OTRS))

Education

• University degree or college diploma
• Completion of the Canadian Securities Course (CSC); Conduct and Practices Handbook (CPH) an asset