Senior Specialist, Margin Supervision

Remote · USA Full-time New today

Your career is an investment that grows over time!

Wealthsimple is on a mission to help everyone achieve financial freedom by reimagining what it means to manage your money. Using smart technology, we take financial services that are often confusing, opaque and expensive and make them transparent and low-cost for everyone. We’re the largest fintech company in Canada, with over 4 million users who trust us with more than $70 billion in assets.

Our teams ship often and make an impact with groundbreaking ideas. We're looking for talented people who keep it simple and value collaboration and humility as we continue to create inclusive and high-performing teams where people can be inspired to do their best work.

The Margin Supervision team at Wealthsimple operates in a fast-paced, collaborative environment where priorities shift quickly to address market changes and client needs. We monitor client margin accounts, resolve deficiencies, and enhance processes all while embracing Wealthsimple's Maker Owner and The Client culture values. The team takes naive ambition seriously, constantly seeking innovative approaches to risk management while working closely with various stakeholders such as product, compliance, and market risk to operationalize processes and contribute meaningfully to building the margin business.

In this role you will have the opportunity to

Monitor and manage risk within margin accounts holding complex derivatives based on established policies and procedures on a daily basis.

Effectively implement risk mitigation strategies/solutions in a timely manner.

Create and enhance policies and procedures to address complex derivatives within margin accounts keeping in mind all CIRO regulatory requirements.

Monitor client level and firm level concentration risk, to ensure excessive concentration on securities is being managed appropriately by monitoring market conditions, liquidity, volatility, security specific fundamentals, and the results of stress tests.

Monitor client margin accounts on a daily basis to ensure account margin is on-side.

Ensure remedial actions are taken on accounts that are under-margined based on established policies and procedures.

Ensure remedial actions are taken against highly concentrated accounts based on established policies and procedures.

Ensure margin requirements are adjusted for securities by assessing the results of modeled outputs and ongoing market conditions.

Perform periodic testing on client margin accounts to ensure that market values, loan values, margin, and equity balances are being calculated appropriately and escalate issues to stakeholders in a timely manner.

Prepare relevant presentation materials on margin lending activities for oversight committees, effectively communicating key risks in a clear and concise manner to Senior Management.

Collaborate with relevant stakeholders, identify gaps and support report and system changes as required. Review and assess policies and procedures and recommend enhancements.

Skills we're looking for

3-5 years of experience in margin and complex derivatives working for an investment dealer in a similar capacity.

Preferred candidates will have active registration with CIRO as an Investment Representative dealing with complex derivatives and as an Options Supervisor.

Courses required for these registrations include Canadian Securities Course (CSC), Conduct and Practices and Handbook Course (CPH), Derivatives Fundamentals and Options Licensing Course (DFOL), Futures Licensing Course (FLC), Investment Dealer Supervisors Course (IDSC), and Canadian Commodity Supervisor’s Qualifying Exam (CCSE).

Margin expertise and excellent knowledge of complex derivatives and their associated risks.

In depth knowledge of CIRO IDPC 5000 rules pertaining to margin requirements, particularly on equities and complex derivatives.

Data and analytics - strong analytical and problem-solving skills with superior attention to detail. Ability to retrieve and analyze data using SQL.

Ability to work in a fast-paced environment, be a self starter, solve issues independently, and excel in a dynamic setting.

A strong problem solver with extraordinary judgment and ability to navigate through uncertainty.

Collaboration and communication - excellent interpersonal skills and willingness to work in collaboration with various team members.

Someone who speaks plainly and truthfully, is able to communicate complex ideas in an easy- to understand way.

Additional Information

Why Wealthsimple?

Competitive salary with top-tier health benefits and life insurance

Retirement savings matching plan using Wealthsimple for Business

20 vacation days per year and unlimited sick and mental health days

Up to $1,500 per year towards wellness and professional development budgets respectively

90 days away program: Employees can work internationally in eligible countries for up to 90 days per calendar year

A wide variety of peer and company-led Employee Resource Groups (ie. Rainbow, Women of Wealthsimple, Black @ WS)

Company-wide wellness days off scheduled throughout the year

We’re a remote-first team, with over 1,000 employees coast to coast in North America. 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.

Technology & Innovation at Wealthsimple

We believe the future belongs to those who innovate boldly. At Wealthsimple, every team member is expected to lean into new technologies, including AI, and tooling to rethink how we work, solve problems faster, and create even greater value. We're looking for people who are not just comfortable with change but energized by it. Our commitment is to build a company that evolves at the pace of the world around us, and we want you to help lead that future.

DEI Statement

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.

Accessibility Statement

Wealthsimple provides an accessible candidate experience. If you need any accommodations or adjustments throughout the interview process and beyond, please let us know, and we will work with you to provide the necessary support and make reasonable accommodations to facilitate your participation. We are continuously working to improve our accessibility practices and welcome any feedback or suggestions on how we can better accommodate candidates with accessibility needs.

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Senior Specialist, Margin Supervision

In this role you will have the opportunity to

Skills we're looking for

Additional Information

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