Associate Vice-President, Compliance Supervision

Associate Vice-President, Compliance Supervision

Location: This position can be based in our Toronto, Winnipeg, or Calgary.

Our organization:

Founded in 2017, Wellington-Altus Financial Inc. (Wellington-Altus) is the parent company to Wellington-Altus Private Counsel Inc., Wellington-Altus USA Inc., Wellington-Altus Insurance Inc., Wellington-Altus Group Solutions Inc., Wellington-Altus Asset Management Inc., and Wellington-Altus Private Wealth Inc.-the top-rated* wealth advisory company in Canada and one of Canada's Best Managed Companies. With more than $35 billion in assets under administration and offices across the country, Wellington-Altus identifies with successful, entrepreneurial advisors and portfolio managers and their high-net-worth clients.

*Investment Executive 2024 Brokerage Report Card.

The opportunity:

Reporting to the Vice-President, Supervision, the Associate Vice-President, Compliance Supervision is responsible of establishing the primary compliance support for Wellington-Altus Private Wealth ("WAPW").The Associate Vice-President, Compliance Supervision will lead a team of Analysts in overseeing compliance duties, developing policies and procedures, designing controls to meet regulatory requirements, and establishing an effective compliance program.

The incumbent will foster the growth and support of a high-performing supervisory team through the design, implementation, and upkeep of appropriate firm policies and procedures. Additionally, this individual will represent Compliance in firm-wide and department-specific initiatives, requiring strong communication and interpersonal skills, as well as the ability to guide change effectively.The Associate Vice-President, Compliance Supervision will also take charge of leading projects and providing support to the Compliance team across various business lines within Wellington-Altus

Key responsibilities include:

• Building and sustaining strong, collaborative relationships with both internal and external stakeholders, fostering a robust culture of compliance.
• Leading and mentoring a team of Analysts, guiding them in executing their daily responsibilities.
• Identifying emerging risks and trends, enhancing existing policies, procedures, and controls to mitigate risks, and improving the efficiency and effectiveness of the firm's risk-based supervision program.
• Serving as the primary compliance relationship manager for advisor teams.
• Leading compliance and supervision-related projects and initiatives, as assigned.
• Contributing to internal compliance reviews and participate in external regulatory reviews, as needed.
• Offering coaching and guidance to Analysts in carrying out their Compliance responsibilities.
• Staying up-to-date with investment market trends, issuer information, firm operations and management updates, as well as changes in regulations, industry rules, and internal policies.
• Creating and ensuring timely updating of policies, procedures, and supervision guides.
• Developing and delivering communication materials and presentations relevant to the Compliance program.
• Being readily available to provide advice and guidance to advisor teams as needed.
• Conducting and completing regulatory reviews as required.
• Developing and implementing controls through the establishment of policies and procedures.
• Providing support in conducting thorough reviews.
• Assisting in reporting to identify and understand risks and trends.
• Reviewing high-risk accounts/clients and submit suspicious transaction reports when necessary.
• Maintaining ongoing communication with Supervisors, Branch Audit, the Trade Desk, and the Managed Accounts Committee to support the group in meeting "Know Your Advisor" obligations.
• Assisting with firm-wide initiatives relating to the managed account platform and compliance.
• Conducting research on regulatory requirements.
• Providing Compliance Advisory Services to all areas of the business as appropriate.
• Reviewing and updating policies and procedures as required or requested.
• On a proactive basis, conducting trend analysis to identify risks and suggest controls to mitigate risks.
• Additional duties/assignments, as directed by the Vice-President, Supervision.
• Participating in or leading compliance and supervision related projects and initiatives, as assigned.

The ideal candidate will possess:

• A bachelor's degree in business, finance, economics, or similar field of study.
• A minimum of 10 years of wealth management industry experience working in a high growth environment, preferably with some experience in an independent investment dealer or portfolio management firm.
• Register in the Supervisor category with CIRO or completion of Canadian Securities Course (CSC), Conducts & Practices Handbook (CPH), Options Supervisors Course (OPSC) are an asset.
• Strong knowledge of managed account supervisory practices.
• Familiarity with the CIRO regulatory requirements.
• Proficiency with the MSOffice suite (including Word, Excel, Powerpoint, Teams, Outlook) and managed account tools such as Envestnet.
• Demonstrate a strong sense of accountability, reliability, adaptability, and innovation in both day-to-day tasks and long-term objectives.
• Maintain a positive attitude and a strong commitment to delivering exceptional service.
• Exhibit excellent attention to detail and possess exemplary interpersonal and influencing skills, with the ability to communicate effectively and collaborate across various mediums (in-person, over the phone, and virtually).
• Showcase excellent problem-solving abilities and organizational skills.
• Exhibit a high tolerance for ambiguity, with the ability to adapt and manage a large volume of competing priorities.
• Possess strong critical thinking skills and effective written and verbal communication skills.
• Maintain the highest levels of confidentiality.

Conditions of employment:

• Must be legally eligible to work in Canada.
• Must be able to travel within Canada up to 0-5% of the time.
• A background check, satisfactory to the employer, may be required of the successful applicant prior to commencing employment.

Wellington-Altus Private Wealth is strongly committed to equity and diversity within its community and welcomes applications from women, racialized persons, Indigenous peoples, persons with disabilities, and persons of all sexual orientations and genders. All qualified individuals who would contribute to the further diversification of our organization are encouraged to apply.

To apply:

Click the Apply for This Job button to submit your resume, cover letter, and salary expectations. You will be contacted if you are selected for an interview. More information about working at Wellington-Altus can be found on our website atwww.wellington-altus.com.