Associate Vice-President, Compliance

Location

This posting is for an existing vacancy in Wellington-Altus’ Toronto office.

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., and Wellington-Altus Private Wealth Inc.-the top-rated investment dealer in Canada and one of Canada’s Best Managed Companies. With over $45 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.

The opportunity

Reporting to the Vice-President, Supervision & Chief Compliance Officer (VP & CCO), the Associate Vice-President, Compliance (AVP) provides senior leadership and subject matter expertise to strengthen the firm’s Compliance program, with a focus on controls, trend analysis, and enterprise risk assessment.

The incumbent is accountable for maintaining a strong control environment, ensuring regulatory compliance, and continuously enhancing supervision programs, while supporting the evolution of the supervision framework and promoting a firmwide culture of compliance.

The AVP also acts as a key escalation point, strategic partner, and leader within Compliance and Advisory Supervision, working closely with internal stakeholders, senior leadership, and regulators.

Key responsibilities

• Provide senior level oversight of supervision activities, including review and approval frameworks for trade alerts, exception reports, account openings, and KYC documentation
• Lead the development and maturation of the Tier 2 Compliance program.
• Drive continuous improvement initiatives to enhance the effectiveness, efficiency, and consistency of Compliance supervision activities.

• Lead the design, implementation, and ongoing maintenance of managed account supervision programs and related procedures to ensure regulatory compliance.
• Identify regulatory trends, emerging risks, and control gaps, and proactively recommend enhancements to the firm’s compliance and supervision framework.
• Act as a senior representative in internal compliance reviews and external regulatory examinations and audits conducted at both Head Office and branch locations.

• Serve as a trusted advisor to registrants and business leaders on managed account and advisory supervision matters.
• Educate and guide registrants on evolving regulatory requirements, expectations, and best practices.
• Build and maintain strong, collaborative relationships with Supervision, Legal, Risk, Operations, Advisory, and Business Leadership teams.
• Promote and reinforce a strong, enterprise wide culture of compliance, accountability, and ethical conduct.
• Lead and contribute to enterprise initiatives and strategic projects related to compliance, supervision, advisory oversight, and regulatory change.

The ideal candidate will possess

• Bachelor’s degree in business administration, finance, or similar field of study, or equivalent combination of education and experience.
• Prior registration and completion of recognized financial designations (e.g., CFA, CIM) and courses are considered assets.
• Demonstrated knowledge of securities regulations and client conduct standards is highly valued.
• Minimum of 10+ years’ financial services experience, preferably all of which working for a Dealer Member in the Compliance capacity.
• In-depth knowledge of the financial services industry, including understanding of regulatory requirements of CIRO, securities commissions and the SEC as well as other regulators.
• Knowledge of the regulatory framework in Canada, proficiency with CIRO rules and regulations and provincial securities legislation.
• Proficiency with the MS Office suite, including Word, Excel, PowerPoint, Teams, and Outlook.
• Demonstrate a high level of accountability, reliability, adaptability, and innovation in accomplishing day-to-day work and long-term goals.
• Exemplary interpersonal and influencing skills; an ability to communicate effectively and work collaboratively, across multiple mediums (in-person, over the phone, and virtually).
• A high tolerance for ambiguity; highly adaptive and able to manage a large volume of competing priorities.
• Strong critical thinking and written and verbal communication skills.
• An ability to maintain the highest levels of confidentiality.
• Strong organizational skills and attention to detail with the ability to prioritize effectively, handle multiple tasks and handle stress in a fast-paced environment.
• Proven analytical and problem-solving skills.

Compensation & Benefits

Range $122,000 - $172,000 annually.

This range represents Wellington-Altus' expected range of compensation for this position. Actual compensation will vary and will be based on various factors, such as location, skills, experience, and qualification for the role. Compensation for part-time roles will be pro-rated based on number of hours regularly worked.

Wellington-Altus' total compensation package for employees may also include discretionary bonuses as well as other perks and rewards. Wellington-Altus also offers health insurance, accident and life insurance, and other unique benefits per location.

Conditions of employment

• Must be legally eligible to work in Canada.
• A background check, satisfactory to the employer, may be required of the successful applicant prior to commencing employment.
• Ability to travel for business trips, up to 1–3% of the time.

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.

If you require accommodation for the recruitment process, please let us know at the point of application.