Senior Manager, Compliance (Investments)

Job Description

Grade: P8

Referral Level: Level 1

Division: IGM-Legal & Compliance

IGM Financial Inc. is one of Canada's leading diversified wealth and asset management companies with approximately $271 billion in total assets under management. The company provides a broad range of financial planning and investment management services to help more than two million Canadians meet their financial goals. Its activities are carried out principally through IG Wealth Management and Mackenzie Investments.

Under IGM Financial's unique business model based on leading brands and multi-channel distribution strategy is Mackenzie Investments, founded in 1967. Mackenzie Investments is a holistic asset-management partner for thousands of Canadian financial advisors and the investors they support.

At Mackenzie Investments You Can Build Your Career with Confidence.

We have a vision and a strategy that will challenge the way business in this industry is done and help Canadians be successful in the ways that mean the most to them. As part of our team, you will do some of your best work, develop some of your most valuable skills and give back in ways that make a difference in the lives of Canadians. We are proud to be recognized as one of Canada's Top Employers by Mediacorp Canada Inc. for empowering our employees with the tools to thrive, while also providing resources to ensure physical and mental wellness were put front and centre.

Join an unstoppable team that is embedded in continuous learning, understanding, and knowledge sharing. You will thrive in our supportive environment where you can indulge your curiosity to learn, while receiving the feedback you need to refine your skills and abilities. We are dedicated to offering a hybrid work environment when applicable.

Mackenzie Investments is a diverse workplace committed to doing business inclusively - this starts with having a representative workforce! We encourage applications from all qualified candidates that represent the diversity present across Canada - including racialized persons, women, Indigenous persons, persons with disabilities, 2SLGBTQIA+ community, gender diverse and neurodiverse individuals, as well as all who may contribute to the further diversification of ideas.

IGM Financial Inc. is looking for a Senior Manager, Asset Management Compliance with a focus on investment compliance to join our team. We are looking for an experienced individual who has demonstrated leadership skills and can facilitate compliance activities to support global investment management teams and sub-advisors. Reporting to the AVP, Compliance, the individual will work with the compliance team to ensure that the compliance programs meet or exceed all applicable regulatory requirements and industry best practices with a focus on continuous improvement.

Responsibilities:

• Provide ongoing and proactive guidance and training to investment management and trading partners which may include addressing inquiries with no precedent requiring critical thinking, creativity and business judgement.
• Collaborate with Mackenzie Investments and IG Wealth Management investment management and compliance team members globally to proactively identify areas of opportunity for improvement to compliance programs including to policies and procedures, monitoring, testing, reporting, and training.
• Be a knowledge expert on regulatory requirements for Canadian investment funds (with particular focus on NI 81-102 Part 2) and other areas of investment compliance under scope and keep up to date with developments.
• Conduct ongoing due diligence of sub-advisors, ensuring investment compliance practices meet expectations, appropriate policies and controls are in place to address trading and conduct conflicts of interest (e.g., trade allocation, cross-trading, investment in related companies, personal trading), and providing an overall assessment of risk.
• Support portfolio manager and sub-advisor use of derivative and novel investment strategies by evaluating permissibility under securities regulation, assisting portfolio managers/sub-advisors in developing appropriate controls, and implementation of compliance monitoring.
• Support ongoing maintenance of investment fund product shelves and institutional client accounts, including launches/new accounts by ensuring strategies being used are compliant with regulatory requirements (e.g., NI 81-102) and compliance policies, and assistance in establishing appropriate investment compliance monitoring.
• Assist team members with investment compliance monitoring via Bloomberg and support Manager, Compliance where needed in (i) ensuring ongoing rule and data integrity, (ii) providing rule building and monitoring training to team members, including ensuring ongoing evaluation and utilization of system enhancements and features, and (iii) engaging with Bloomberg representatives (including collaboratively with industry peers) to resolve pain points and request enhancements.
• Monitor, analyze and respond to regulatory changes and industry developments impacting compliance areas under scope.
• Represent compliance as a subject matter expert on projects initiated by stakeholders across the organization.

• Manage responses to audits and regulators.
• Assist the compliance team in completing team priorities/projects.
• Act as a backup to other compliance team members and assist in other tasks as assigned.

Experience/Skills/Education:

• Post-secondary education in a relevant discipline or equivalent work experience.
• Minimum 7 years of asset management and investment fund experience, most recently in a compliance or related role.
• Advanced practical securities/investment strategy knowledge, including derivatives and completion of the Derivatives Fundamentals Course;
• Practical knowledge of NI 81-102 and the Ontario Securities Act, including advanced practical knowledge of NI 81-102 Part 2 investment restrictions, including derivatives.
• Knowledge of NI 81-107 and investment fund trading and conduct conflicts of interest (e.g., trade allocation, cross-trading, investment in related companies, soft dollars, best execution, personal trading, gifts and entertainment, proxy voting).
• Proficiency with Bloomberg's CMGR and VMGR functions or similar compliance monitoring and rule-coding systems.
• Familiarity with Substantial Shareholder Disclosure Rules an asset.
• Ability to interpret and practically apply securities regulations and legal advice and offer plain-language guidance and training.
• Strong written and oral communication skills, with the ability to communicate effectively to individuals at all levels within the organization, as well as legal counsel, auditors and regulators.
• Strong research, analytical, and critical thinking skills, with attention to detail.
• Strong organizational and time management skills with the ability to respond to multiple demands and prioritize work activities within required deadlines.
• Ability to work independently with little supervision or guidance.
• Proficiency with Microsoft applications such as Word, Excel and PowerPoint.

Please visit our career page by clicking on the following link: https://www.mackenzieinvestments.com/en/careers

We thank all applicants for their interest in Mackenzie Investments; however, only those candidates selected for an interview will be contacted.

Mackenzie Investments is an accessible employer committed to providing a barrier free recruitment experience. If you require an accommodation or this information in an alternate format at any stage of the recruitment process, please reach out to the Talent Acquisition team who will work with you to meet your needs.

Please apply by April 24, 2025.

#LI-JS2

#LI-Hybrid