Director, Derivatives Compliance - Questrade Inc.

Questrade Financial Group (QFG) of Companies is committed to helping our customers become much more financially successful and secure.

We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about our mission and each other. Your team members will help you conquer challenges, push boundaries and discover what you are truly capable of.

This is a place where you can explore, discover and learn with continuous growth. As a diverse and inclusive place to work, there are flexible working arrangements so you can unleash your creativity and curiosity with no limits. If you share the same sense of infinite possibility, come shape your future at Questrade.

What’s in it for you as an employee of QFG?

• Paid vacation, personal, and sick days for work-life balance
• Competitive compensation and benefits packages
• Work with diverse team members in an inclusive and collaborative environment
• Hybrid and flexible work arrangements
• Career growth and development opportunities
• Health & wellbeing resources and programs
• Opportunities to contribute to community causes

We’re looking for our next Director, Derivatives Compliance - Questrade, Inc. Could It Be You?

The purpose of the Director, Derivatives Compliance is to assist the Chief Compliance Officer (CCO) in the oversight of Derivatives activities and in ensuring Questrade operates within the rules and regulations prescribed by the Investment Industry Regulatory Organization of Canada (IIROC) and other provincial and territorial securities commissions, regulators and legislatures.

What’s it like working as a Director, Derivatives Compliance at Questrade?

The Director, Derivatives Compliance will lead and manage a compliance team to administer Questrade’s compliance and supervision programs with respect to Derivatives and other activities.

The Director, Derivatives Compliance will also work closely with the CCO in managing Questrade’s compliance regime, documenting, implementing and maintaining compliance policies and procedures with respect to all Derivatives related activities as well as reporting on progress and overall status of compliance regularly to Questrade’s Senior Management and Board of Directors..

Need more details? Keep reading…

In this role, responsibilities include but are not limited to:

• Maintains deep knowledge & understanding of industry issues and practices, regulatory requirements and associated changes.
• Investigate and determine the impact of any legislative or regulatory requirements (new or amended) and implementing all necessary changes into Questrade’s policy, end to end processes, or training needs
• Recommend improvements to internal controls and business processes
• Act as a source of expert knowledge of the company and regulatory compliance requirements
• Ensure compliance for assigned line of business and direct the work of assigned Compliance staff
• Assist in the development, documentation, implementation and oversight of Securities Finance activities
• Supervises and manages development and enhancement of products and services to ensure compliance with applicable laws and regulations
• Initiate a communication that ensures a clear understanding of compliance standards required of individuals
• Assist with the preparation of submissions to regulators for new business lines or new product proposals
• Work closely with regulators and third parties to coordinate, prepare and manage audits
• Ensure operational compliance with internal policies and procedures, as well as IIROC rules and those of other provincial and territorial securities commissions, regulators and legislatures
• Oversight on daily and monthly account activity supervision, research and act on detected compliance issues and violations
• Perform other duties, as assigned, to assist in all areas of Compliance at Questrade Inc.
• Reviews complex options and futures (CFD) related marketing material pursuant to IIROC Dealer Member rules and provides assessment conclusions within the timeframes established with the Marketing team
• Coordinate development, maintenance and implementation of supporting policies, procedures, agreements and contracts
• Complete and deliver to securities commissions, reports regarding exempt market distributions in applicable jurisdictions
• Trade surveillance of derivatives trading
• Leads the development, documentation, implementation and oversight of CIFX and OFX registerable activities with the supervisors and senior management of the OFX and CIFX business units
• Oversight of OTC derivatives reporting to the designated trade repository to ensure reporting is done in compliance with National Instrument 91-507
• Works with management in the development and enhancement of products and services to ensure compliance with applicable laws and regulations

So are YOU our next Director, Derivatives Compliance - Questrade, Inc.? You are if you…

• Have a post-secondary degree/diploma in related field
• Options Licensing Course (OLC)
• Conduct and Practice Handbook Course (CPH)
• Have strong knowledge of IIROC and CSA regulatory rules
• Have 5+ years’ related experience, preferably in a senior compliance role
• Have exceptional attention to detail
• Derivatives Fundamental Course (DFC)
• Have proficient knowledge in the use of Microsoft Excel, Word, Bloomberg
• Have completed the following qualifications and exams:
• Are somewhat familiar with middle and back office processes.
• Have 5+ years’ industry experience
• Are confident and accountable
• Canadian Securities Course (CSC)
• Have excellent verbal and written communication skills
• Have current knowledge of securities regulations in Canada such as UMIR, National Instruments: 91-506, 91-507, IIROC Dealer Member Rules
• Have excellent organizational and follow-through skills
• Investment Dealer Supervisor Course (IDSC) (formerly Branch Managers Course (BMC) )
• Have 5+ years’ people management experience
• Futures Licensing Course (FLC)
• Options Supervisors Course (OPSC)
• Canadian Commodity Supervisors Exam (CCSE)

Additional Kudos If You…

• Have your CFA designation or have completed any level CFA exams
• Have completed the IFSE Exempt Market Products Course
• Have proficiency in SQ and/or Power BI

Sounds like you? Click below to apply!

At Questrade Financial Group of Companies, with multiple office locations around the world, we are committed to fostering a diverse, inclusive and accessible work environment. This is an environment where individuals are treated with dignity and respect. Here, the unique skills and experience you bring will be valued. You will be supported and motivated, so that you can harness your unlimited potential. Our team reflects the diversity of the communities we serve and operate in. Having a collaborative and diverse team helps us push boundaries to bring the future of fintech into existence—not only for the benefit of our customers, but for those who build their career with us.

Candidates selected for an interview will be contacted directly. If you require accommodation during the recruitment/selection process, please let us know and we will work with you to meet your needs.

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