Senior Associate - Margin Supervision

Your career is an investment that grows over time!

Wealthsimple is on a mission to help everyone achieve financial freedom by reimagining what it means to manage your money. Using smart technology we take financial services that are often confusing opaque and expensive and make them transparent and low-cost for everyone. We’re the largest fintech company in Canada with over 3 million users who trust us with more than $50 billion in assets.

Our teams ship often and make an impact with groundbreaking ideas. We're looking for talented people who keep it simple and value collaboration and humility as we continue to create inclusive and high-performing teams where people can be inspired to do their best work.

We are seeking a Senior Associate Margin Supervision to perform supervisory activities for our margin lending business and effectively manage regulatory financial and reputational risk to the business.

In this role you will:

• Overall monitor and manage risk within margin accounts based on established policies and procedures on a daily basis effectively implementing mitigation strategies/solutions in a timely manner.

• Monitor client level and firm level concentration risk to ensure excessive concentration on securities is being managed appropriately by monitoring market conditions liquidity volatility security specific fundamentals and the results of stress tests.

• Monitor client margin accounts on a daily basis to ensure account margin is on-side. Ensure remedial actions are taken on accounts that are under-margined based on established policies and procedures.

• Ensure remedial actions are taken against highly concentrated accounts based on established policies and procedures.

• Ensure margin requirements are adjusted for securities by assessing the results of modeled outputs and ongoing market conditions.

• Perform periodic testing on client margin accounts to ensure that market values loan values margin and equity balances are being calculated appropriately and escalate issues to stakeholders in a timely manner.

• Prepare relevant presentation materials on margin lending activities for oversight committees effectively communicating key risks in a clear and concise manner to Senior Management.

• Identify gaps and support report and system changes as required. Review and assess policies and procedures and recommend enhancements.

Skills we are looking for:

• 2-4 years of experience working for an investment dealer in a similar capacity. Preference given to individuals who have successfully completed the Investment Dealer Supervisor Course (IDSC) Derivatives Fundamentals and Options Licensing Course (DFOL) Options Supervisor Course (OPSC) and other relevant Canadian Security Investment (CSI) courses and/or pursuing a CFA or FRM designation.

• Margin expertise and excellent knowledge of complex option strategies and their associated risks. In depth knowledge of CIRO IDPC 5000 rules pertaining to margin requirements particularly on equities and options.

• Data and analytics - strong analytical and problem-solving skills with superior attention to detail. Ability to retrieve and analyze data using SQL.

• A strong problem solver with extraordinary judgment and ability to navigate through uncertainty.

• Collaboration - excellent interpersonal skills and willingness to work in collaboration with various team members.

• Communication - speaks plainly and truthfully. Communicates complex ideas in a simple and easy-to-understand way.

• Ability to work in a fast-paced environment and excel in a dynamic setting.

Why Wealthsimple?

🤑 Competitive salary with top-tier health benefits and life insurance

📈 Retirement savings matching plan using Wealthsimple Work

🌴 20 vacation days per year and unlimited sick and mental health days

📚 Up to $1500 per year towards wellness and professional development budgets respectively

🛫 90 days away program: Employees can work internationally in eligible countries for up to 90 days per calendar year

🌎 A wide variety of peer and company-led Employee Resource Groups (ie. Rainbow Women of Wealthsimple Black @ WS)

💖 Company-wide wellness days off scheduled throughout the year

We’re a remote-first team with over 1000 employees coast to coast in North America. Be a part of our Canadian success story and help shape the financial future of millions — join us!

Read our Culture Manual and learn more about how we work.

DEI Statement

At Wealthsimple we are building products for a diverse world and we need a diverse team to do that successfully. We strongly encourage applications from everyone regardless of race religion colour national origin gender sexual orientation age marital status or disability status.

Accessibility Statement

Wealthsimple provides an accessible candidate experience. If you need any accommodations or adjustments throughout the interview process and beyond please let us know and we will work with you to provide the necessary support and make reasonable accommodations to facilitate your participation. We are continuously working to improve our accessibility practices and welcome any feedback or suggestions on how we can better accommodate candidates with accessibility needs.