Senior Director @ Wealthsimple

INACTIVE

Full-Time

Senior Director

Posted on 3/31/2023

Wealthsimple

1,001-5,000 employees

Automated investment management and financial advisory service

Financial Services

Senior

Toronto, ON, Canada

Requirements

Hold a CPA designation
Thinking outside the box
Problem solver with a process improvement and builder mindset
Can work collaboratively across teams to achieve shared goals and objectives
PDO and CFO Qualifying Exam a strong asset; a requirement to complete in first ~3 months if not already completed
Have prior experience directly working for a Dealer-Broker in a senior role
Demonstrable experience with establishing and monitoring adherence to policies and procedures related to financial IIROC requirements, including:
A) General financial understanding related to regulatory and industry knowledge, Canadian Investor Protection Fund (CIPF) and International Financial Reporting Standards (IFRS)
B) Capital Adequacy, Books and Records, and Reporting
C) Credit Risk Management and Customer Accounts
D) Inventory, Pricing of Securities and Underwriting
E) Operations and Settlement
F) Protection of Firm and Client Assets
Proven experience in leading, coaching and developing a high performance team, preferably in a high-growth or startup environment
Builder-mentality with the interest in taking something from zero to one

Responsibilities

Review of month end close results, variance analytics and regulatory reporting for the broker-dealer entity
Establish and monitor adherence to policies & procedures for IIROC CFO related requirements
Oversee and certify the accuracy of our books and records, accounting and financial reporting including risk adjusted capital
Lead regulatory and accounting audits (e.g., IIROC, IRS)
Establishing best-in-class and scalable processes, either by building upon existing processes or developing entirely new ones, such as supporting the ledger migration project to bring Crypto under our IIROC regulated entity
Partner with Treasury to ensure that regulatory capital levels are adequately maintained
Partner with R&D, Capital Markets, Operations and Compliance to apply regulatory rules and balance company objectives with customer value and dealer risk when launching new products and features (e.g., margin, options, securities lending)

Wealthsimple is on a mission to help everyone achieve financial freedom, no matter who they are or how much they have. Using smart technology, Wealthsimple takes financial services that are often confusing, opaque and expensive and makes them simple, transparent, and low-cost. We’re the company behind some of Canada’s leading digital financial products.

Our team is reimagining what it means to manage your money. Smart, high-performing team members will challenge you to learn and grow every day. We value great work and great ideas — not ego. We’re looking for talented people who love a fast-paced environment, and want to ship often and make an impact with groundbreaking ideas.

We’re a remote-first team and output is more important than face time, so where you choose to work is up to you — as long as you have internet access, you can work from anywhere in Canada. 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.

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. Wealthsimple provides an accessible candidate experience. If you need any accommodations or adjustments throughout the interview process and beyond, please let us know.

About the Team:

In 2015, Wealthsimple acquired Canadian ShareOwner Investments Inc., the country’s first automated investment manager, a member of the Canadian Investor Protection Fund (CIPF) and the Investment Industry Regulatory Organization of Canada (IIROC). ShareOwner has since been renamed to Wealthsimple Investments Inc. and powers many of Wealthsimple’s products.

About the Role:

The Senior Director, Finance is responsible for overseeing the financial and regulatory reporting as well as managing financial and regulatory risks for Wealthsimple’s IIROC regulated broker-dealer entity. The Senior Director will also work closely with leaders across the company to shape new product strategies, ensure effective systems and processes exist with enablement team partners and develop innovative ways to deliver value to our clients and to Wealthsimple.

Responsibilities will include:

Review of month end close results, variance analytics and regulatory reporting for the broker-dealer entity
Establish and monitor adherence to policies & procedures for IIROC CFO related requirements
Oversee and certify the accuracy of our books and records, accounting and financial reporting including risk adjusted capital
Lead regulatory and accounting audits (e.g., IIROC, IRS)
Establishing best-in-class and scalable processes, either by building upon existing processes or developing entirely new ones, such as supporting the ledger migration project to bring Crypto under our IIROC regulated entity
Partner with Treasury to ensure that regulatory capital levels are adequately maintained
Partner with R&D, Capital Markets, Operations and Compliance to apply regulatory rules and balance company objectives with customer value and dealer risk when launching new products and features (e.g., margin, options, securities lending)

Skills you’ll need to bring:

Hold a CPA designation
Thinking outside the box
Problem solver with a process improvement and builder mindset
Can work collaboratively across teams to achieve shared goals and objectives
PDO and CFO Qualifying Exam a strong asset; a requirement to complete in first ~3 months if not already completed
Have prior experience directly working for a Dealer-Broker in a senior role
Demonstrable experience with establishing and monitoring adherence to policies and procedures related to financial IIROC requirements, including:

a) General financial understanding related to regulatory and industry knowledge, Canadian Investor Protection Fund (CIPF) and International Financial Reporting Standards (IFRS)

b) Capital Adequacy, Books and Records, and Reporting

c) Credit Risk Management and Customer Accounts

d) Inventory, Pricing of Securities and Underwriting

e) Operations and Settlement

f) Protection of Firm and Client Assets

Proven experience in leading, coaching and developing a high performance team, preferably in a high-growth or startup environment
Builder-mentality with the interest in taking something from zero to one

Wealthsimple

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Website

View Company Profile

Wealthsimple stands out as a desirable place to work due to its commitment to transparent and client-focused financial advising, with its team of fiduciaries obligated to provide unbiased information. The company's competitive edge lies in its simplified approach to investing, making it accessible to a wider audience. Furthermore, Wealthsimple's industry leadership is evident in its managed investing services, demonstrating technical innovation in the financial sector.

Company Stage

N/A

Total Funding

$915.9M

Headquarters

Toronto, Canada

Founded

2014

Growth & Insights

Headcount

6 month growth

↑ 11%

1 year growth

↑ 16%

2 year growth

↓ -6%

INACTIVE