Legal/Compliance - Associate Director, Compliance

Purpose Unlimited
is an independent financial services company with an unrelenting focus on customer-centric innovation, delivered through technology-driven solutions. Led by entrepreneur Som Seif, the company is developing a diversified product platform aimed at addressing historically underserved segments of the market. Purpose Unlimited’s businesses include Purpose Investments, Advisor Solutions by Purpose, and Driven.
Who is Steadyhand?
Steadyhand Investment Funds Inc.'smission is to help Canadians build their wealth through a better, more human experience.
Vacancy Status:
This is for a current opening.
Compensation:
$145,000 - $165,000
Job DescriptionWho You AreThe Associate Director, Compliance is the operational leader of SIFI’s Compliance function and is accountable for the day-to-day management, execution and continuous enhancement of the compliance program for its CIRO-regulated mutual fund dealer activities. The role translates the compliance risk assessment and annual plan into effective monitoring, testing, reporting, remediation and regulatory support.
Reporting to the Chief Compliance Officer (CCO), the Associate Director provides technical leadership, provides day to day management of Compliance resources, establishes program standards and quality controls, and escalates material, complex or unresolved matters. The role maintains independent second-line challenge while partnering constructively with the Branch Manager, Operations and other business functions.
Steadyhand Investment Funds Inc. (SIFI) is seeking an Associate Director, Compliance to help lead and continuously enhance its compliance program.
Reporting to the Chief Compliance Officer, this role serves as the operational leader of the Compliance function and manages the day-to-day compliance program for a CIRO-regulated mutual fund dealer. The Associate Director provides leadership across monitoring and testing, branch reviews, registrations, complaints, governance reporting, regulatory examinations, policy management and regulatory change implementation.
The successful candidate will combine technical compliance expertise with people leadership, program management and practical business partnership. This role offers meaningful responsibility and a potential development path toward future Chief Compliance Officer responsibilities.
ROLE BOUNDARY -This is a second-line compliance leadership role. Day-to-day supervision of Approved Persons, new-account approvals, trade reviews and suitability decisions remain with the Branch Manager role. The Associate Director assesses whether supervisory systems are operating effectively and does not replace first-line supervision.
Responsibilities: What You Will Do/ What You Will OwnCompliance program leadership
Lead the day-to-day operation of the firm’s compliance program and manage execution of the annual compliance plan.
Maintain the compliance risk assessment, compliance calendar and risk-based testing framework.
Establish monitoring methodologies, documentation standards, quality controls and escalation protocols.
Prioritize resources and continually enhance the effectiveness, efficiency and scalability of the compliance function.
Monitoring and testing oversight
Design and oversee risk-based monitoring and testing of compliance and supervisory controls.
Design and oversee risk-based reviews of Operations processes and related controls for compliance, including money and securities movement, books-and-records activities, client reporting and reconciliations.
Review testing results, trends, recurring deficiencies and emerging risks.
Challenge supervisory effectiveness and oversee remediation plans and validation testing.
Escalate material findings, high-risk matters and unresolved issues to the CCO.
Branch review program management
Approve the annual review schedule, risk-based scope and testing approach.
Review and approve branch review reports and assess the significance of findings.
Monitor management responses, remediation commitments and overdue actions.
Ensure branch review coverage remains appropriate as the business evolves.
Registration, licensing and continuing education oversight
Oversee registration, licensing, NRD administration, onboarding and termination activities.
Review complex registration matters, restrictions and outside activity disclosures.
Oversee the continuing education, proficiency, annual training and attestation programs.
Ensure registration and proficiency records remain complete, accurate and regulator-ready.
Complaints, investigations and regulatory reporting
Oversee complaint handling, investigations, resolution recommendations and regulatory event assessments.
Review required regulatory notifications, filings and reporting submissions.
Ensure matters are handled consistently, fairly and within applicable requirements.
Escalate material complaints, reportable events and significant conduct concerns to the CCO.
Regulatory examinations and reviews
Lead operational preparation for CIRO examinations, regulatory reviews, audits and information requests.
Coordinate document production, response drafting, examination logistics and internal stakeholders.
Oversee deficiency responses, remediation plans and progress reporting.
Support the CCO in regulator interactions and on material examination matters.
Regulatory change, policies and training
Monitor regulatory developments and conduct impact assessments and gap analyses.
Coordinate implementation of regulatory changes across policies, procedures, controls and business practices.
Maintain compliance policies, guidance and communications and oversee the annual policy review cycle.
Develop and deliver practical training and awareness initiatives.
Governance and reporting
Prepare clear, decision-useful compliance reporting for senior management and governance forums.
Develop dashboards, metrics and key risk indicators and maintain issue and remediation tracking.
Assist the CCO with annual compliance reporting and other governance materials.
Ensure significant matters are escalated on a timely basis.
Team leadership and development
Manage and develop Compliance Officer(s) and future compliance resources.
Establish clear goals, priorities, performance expectations and quality standards.
Review work product and provide coaching, feedback and mentorship.
Build team capability, accountability and succession depth.
Strategic advisory and broader regulatory support
Advise business leaders on regulatory requirements, compliance risks and practical controls for new initiatives and operational changes.
Provide oversight and guidance across AML, privacy, FATCA/CRS, CASL, marketing and communications, conflicts of interest, personal trading, outside activities, registered plans and estate-related controls.
Act as a constructive and pragmatic business partner while maintaining independent compliance judgment and effective challenge.
Financial planning compliance oversight
Lead the development and ongoing maintenance of the compliance framework supporting the firm’s financial planning offering.
Establish compliance standards for the approved service scope, permitted activities, planner titles and credentials, jurisdictional requirements, client disclosures, fees, conflicts, referrals, privacy and record keeping.
Design risk-based monitoring and testing of financial planning activity, including plan-file reviews, supervision evidence, implementation consistency and remediation.
Oversee controls for planner proficiency, training, continuing education and authorization and assess provincial title-protection requirements as the service expands across jurisdictions.
Assess whether planning information is appropriately reconciled to dealer KYC and whether resulting investment recommendations and actions are consistent with KYP, costs, available alternatives and suitability obligations.
Provide compliance oversight of planning tools, methodologies, assumptions, templates, marketing materials and client communications.
Analyze findings and complaints, identify trends or systemic issues, challenge first-line supervision and elevate material matters to the CCO.
Advise on the compliance implications of new planning services, technology, specialist referrals and changes to the delivery model.
Decision rights and escalation expectations
May establish monitoring and testing methodologies, documentation standards, quality controls and escalation protocols consistent with the approved compliance framework.
May assign and prioritize Compliance resources, review and approve routine work product, and require management responses and remediation evidence.
May close routine findings where satisfactory evidence has been obtained and closure is within delegated authority.
Must elevate material non-compliance, actual or potential client harm, systemic or repeat deficiencies, overdue high-risk remediation, potential reportable events, significant conduct concerns and matters requiring CCO or legal judgment.
Does not replace Branch Management’s first-line supervision, make decisions reserved to the CCO, or commit the firm to a regulatory position unless expressly authorized.
Expected work products and records
Compliance risk assessment, annual plan and compliance calendar
Approved monitoring and testing methodologies, work programs and quality standards
Monitoring, branch review and Operations-control review reports
Issue assessments, remediation plans, validation results and closure records
Registration, proficiency, complaint and regulatory reporting oversight records
Regulatory examination responses, deficiency plans and progress reporting
Compliance dashboards, key risk indicators and governance materials
Regulatory change assessments, implementation plans, policies and training materials
Financial planning compliance framework, testing results and management reporting
Qualifications: What You Must Bring:Education and experience
University degree in business, finance, law, commerce, economics or a related discipline.
5 – 10 or more years of progressive experience in securities compliance, wealth management, mutual funds, banking or another regulated financial services environment.
Direct experience supporting a CIRO-regulated dealer is strongly preferred.
Experience managing regulatory examinations, compliance reviews, remediation programs and complex regulatory matters.
Prior experience leading, supervising or mentoring compliance professionals.
Experience developing or overseeing compliance for financial planning activities or a financial planning service model is considered a strong asset.
Industry knowledge and credentials
Strong knowledge of CIRO Mutual Fund Dealer requirements and applicable Canadian securities legislation.
Deep understanding of KYC, suitability, registration, supervision, complaints and regulatory reporting requirements.
Knowledge of financial planning designations, provincial title-protection frameworks and the interaction between financial planning, KYC, suitability, conflicts, fees, referrals and recordkeeping is considered a strong asset.
Canadian Securities Course (CSC) and Conduct and Practices Handbook (CPH) are preferred.
Branch Managers Course and additional compliance, risk, audit or governance credentials are assets.
Capabilities
Strong people leadership, coaching and performance management skills.
Excellent regulatory judgment, analytical thinking and problem-solving ability.
Clear, persuasive written and verbal communication, including executive-level reporting.
Ability to influence stakeholders, manage competing priorities and make risk-informed decisions.
Strong project management, organizational and change leadership capabilities.
Comfort using AI tools and data skills beyond Excel, such as SQL, Power Query or Python
Experience testing or validating automated controls or models
Why Should You Join Us?
We are one of Canada's Top Small & Medium Employers' 2023, 2024, 2025 & 2026.
We believe in innovation and a vibrant culture
- work for an innovative, people-first, financial services firm that values entrepreneurialism.
We believe in a flexible work structure
– A flexible hybrid work model that empowers you to do your best work whether at home or the office.
We care about your rewards
- Competitive compensation including equity program.
We care about your health
– comprehensive group health and dental benefits and life insurance at little to no cost to you. We also offer a Lifestyle Spending Account for all your wellness needs.
We care about your quality of life
- a flexible paid time-off policy covering vacation, sick, and mental health days.
We care about your family
- Paid parental leave for eligible employees with a top-up.
We care about your future
– Generous Group RRSP matching and an optional TFSA program.
We care about your development
– We offer training opportunities and tuition support year-round.
Purpose Unlimited is an equal opportunity employer and we are dedicated to fostering an inclusive and barrier-free work environment for all employees and candidates. We encourage all qualified candidates to apply and if accommodation is required during any stage of the recruitment process, please contact any member of the People & Culture team at View email address on ca.hrm.tc. We thank all applicants for their interest;
however, only those selected for interviews will be contacted.
Our work philosophy is a hybrid model allowing for flexibility and collaboration. Applicants must be legally entitled to work in Canada. Immigration sponsorship is not offered for this role.
We may use artificial intelligence technology to assist in screening, assessing, or selecting applicants for this position. Final hiring decisions are
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