Position Title: Senior Business Conduct Compliance Examiner
Department: Business Conduct Compliance
Location: Toronto
Status: Regular Full-time
Day in the life of:
As a self-regulatory organization, Canadian Investment Regulatory Organization (CIRO) takes our responsibility of setting high-quality regulatory and investment industry standards seriously, while protecting investors and supporting healthy capital markets in Canada.
In Business Conduct Compliance (BCC) we take great pride in what we do. By joining our dynamic and collaborative team of industry professionals, you will have the opportunity through the examination process to make a difference for investors and the capital markets.
As a key member of an examination team, the Sr BCC Examiner conducts field reviews of sales and business conduct activities of Dealer Member firm head office and business locations. You will interpret and apply CIRO Dealer Member Rules to the evolving business models of firms.
Core Responsibilities:
- Execute examinations of firms to assess the effectiveness of their compliance programs and ensure successful completion of fieldwork within agreed budgeted hours and timeline addressing Manager review notes promptly to maintain examination quality and efficiency
- Conduct walkthroughs with the examination team to understand procedures and workflows, document processes and evaluate compliance with regulatory requirements
- Lead discussions with senior management, compliance teams, and supervisors to ensure transparent communication regarding examination progress and regulatory expectations
- Clearly document deficiencies and communicate findings to firms, collaborating with Managers to compile comprehensive examination reports, ensuring that findings are well-supported.
- Review firm remediation plans for compliance with regulatory requirements
- Monitor developments in regulatory requirements, industry trends, and best practices, keep examination procedures and compliance efforts aligned with evolving regulatory expectations
- Contribute to departmental initiatives aimed at enhancing the efficiency, effectiveness, and relevance of the examination program
- Collaborate with colleagues to identify and implement improvements to departmental practices and methodologies
- Assess risks associated with new products or business lines, tailoring examination procedures to address compliance with regulatory requirements
- Train BCC Examiners by instructing them in the field on examination procedures, closely supervising their work and providing assessments of their progress to BCC Managers
- Monitor developments in regulatory requirements, industry trends, and best practices
- Keep examination procedures and compliance efforts aligned with evolving regulatory expectations
Key Skills and Competencies:
Must-haves
- General Undergraduate degree
- A minimum of 4 years’ experience in compliance, audit or supervisory function with a Dealer Member, or other related employment with a securities regulatory organization
- Completion of an exam or course that demonstrates competency in the investment industry such as the Canadian Investment Regulatory Exam (CIRE), and/or Retail Securities Exam and/or Institutional Securities Exam, or other legacy courses such as the Canadian Securities Course (CSC) and Conduct and Practices Handbook (CPH) Course
Nice to Haves
- Chartered Professional Accountant (CPA) designation with auditing experience
- Knowledge and interest in crypto currencies and crypto trading platforms
- Ability to quickly understand the risks associated with new business lines or products and to formulate practical examination procedures to address them
- Ability to professionally and effectively communicate both verbally and in writing Attention to detail and ability to exercise sound judgement
- Ability to work independently in a team-oriented environment
- Ability to multi-task, adhered to timelines and work under pressure in different environments
- Ability to travel
- Completion of an exam or course that demonstrates competency in the investment industry and derivatives trading such as the Derivatives Exam, or other legacy courses such as Options Licensing Course (OLC), Futures Licensing Course (FLC), Derivatives Fundamentals Course (DFC) or Derivatives Fundamentals and Options Licensing Course (DFOL)
- Branch Managers’ Examination Course (BME)
- Completion of an exam or course that demonstrates competency in the investment industry and role of the CCO such as the Chief Compliance Officer Exam or other legacy courses such as the Chief Compliance Officers Qualifying Exam (CCO)
- Completion of an exam or course that demonstrates competency in the investment industry and supervision responsibilities such the Supervisor Exam or other legacy courses such as the Investment Dealer Supervisor Exam (IDSC) and Investment Dealer Compliance Course (IDCC)
What we offer:
- Competitive base salary in alignment with market
- Employer paid Health Benefits and Spending Account that offer flexibility to meet your individual or family needs as of day one.
- Defined Contribution Pension Plan with company matching that starts on your first day of employment.
- Paid flex days and sick days
- Maternity Leave Of Absence /Paternity Leave Of Absence top up
- Paid continuous learning and continuing development including designations.
Why the Canadian Investment Regulatory Organization (CIRO):
Our purpose and our impact:
With offices across Canada - from Vancouver to Montreal, our mission is to promote healthy capital markets by regulating fairly and effectively so that investors are protected and confident investing in their futures. As regulators, we understand that we are all investors, and therefore a career with us is a purposeful career: protecting our future.
Culture and Working Environment:
Life at CIRO is purpose and performance- driven. We foster an inclusive culture where teamwork, a forward-thinking attitude, and integrity are at the core of everything we do. This creates an environment where employees thrive, grow, and are empowered to learn and contribute their best.
Joining CIRO means becoming part of a dynamic and transparent organization that values accountability and is committed to maintaining the highest standards of regulatory oversight in the financial industry.
Looking for a career where you can safeguard the integrity of Canadian markets? Join CIRO and be part of the team that secures our financial future.
Our Commitment:
CIRO is an equal opportunity employer and is committed to providing employment accommodation in accordance with the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act, 2005 (AODA). CIRO will provide accommodation to job applicants with disabilities throughout the recruitment process. Should you require accommodation, please contact Human Resources.
Our Recruitment Process
- This posting reflects an active vacancy on our team
- We use automated (AI) tools to assist with candidate sourcing and communications. Applications are reviewed by our hiring team and hiring decisions are made by people.
- This role has a hiring range of $90,000 - $105,000 with the placement and offered salary being based on knowledge, skills, education/training and experience, as well as external market conditions and internal equity.
While we appreciate receiving applications, only those applicants who closely meet the position requirements will be contacted. #LI-HYBRID #hiring
