Regulatory Compliance Manager

About the role

Fidelity Clearing Canada (FCC) is the leading independent clearing broker and custodian in the Canadian market. We provide trade execution, clearing, custody and back-office support services to Canadian-based brokerage firms and the Canadian brokerage arms of U.S.-based firms. For more information about Fidelity Clearing Canada, please visit https://clearing.fidelity.ca/ The Regulatory Compliance Manager reports to the Manager, Trade Compliance and is responsible for the daily operation of the Trade Surveillance program and Trade Desk Supervision. This role will be working to manage these key areas of accountability, include daily investigation of alerts generated by Trade surveillance application various regulatory reporting and assist/participate in projects. You will provide subject matter expertise for system and procedure development and improvement, assist with staff training, generate reporting metrics for periodic reporting. In addition, the role may also be involved with responsibility as a backup for other team members by assisting with responding to general inquiries and review various operational requests (such as fund movement, pricing requests etc.). You will also provide backup for other Risk and Compliance functions and will be a member of a team of compliance professionals dedicated to meeting the requirements of an ever-evolving regulatory landscape. How You'll Make an Impact Trade surveillance Responsible for the daily operation of the Trade Surveillance Program. Collaborate with the team in identifying program and system improvement opportunities. Work together with members of the Trade Surveillance team on daily investigation of alerts relating to possible manipulative and deceptive practices, insider trading and trading on material non-public information; traders communication monitoring; testing of order flow to detect possible trade-throughs; oversee testing for correct order marking and submit order marker correction requests; conduct order marker and large position reporting review; support creation of periodic management reporting of the Surveillance program; daily statistical tracking of all surveillance testing measures. Gathering and analyzing trade and market data against Universal Market Integrity Rules (UMIR) to identify manipulative and deceptive trading activity. Pre-trade risk controls Work with the team to ensure there is a robust and effective set of pre-trade risk controls in place for order flow in the various trading platforms used by FCC. Track limit breaches across all systems, perform monitoring for limit changes and tracking of limit change approvals. Participate in the Trade Review Committee (TRC) with and work with the team to ensure all committee functions are completed in a timely manner. Analyze, interpret, and communicate business impacts relating to the Canadian Investment Regulatory Organization (CIRO) Electronic Trading Rules and provide recommendations to the TRC on measures to protect FCC against financial loss Incident escalation and management Ensure all incidents are escalated appropriately to the Manager, Trade Compliance, Director, Compliance and/or Chief Compliance Officer. Assist with regulatory reporting of high-risk items to either FINTRAC or CIRO. Record keeping and retention of all back up materials. Analyze daily trade activity to determine flags which are appropriately tracked. Perform quarterly analytics on flagged orders to identify patterns of abusive trading activity. Compliance and risk support Advise, train, and develop awareness of compliance related issues among FCC employees which may involve both staff training and support. Interpret both internal policies and regulatory instruments to resolve both client and staff related issues. Co-author new policies and procedures with the Manager, Trade Compliance and/or Director, Compliance Assist with regulatory audit requests Complete regulatory reporting such as short position reporting, Large Open Position Reporting and Fixed income reporting. Support and complete pricing related review Update and review existing policies and procedures annually or as required. Act as a backup for response to regulatory requests. Assist as required in processing and analysis of risk daily workflow. Assist in answering wire reviews and escalations Act as a backup for monitoring of employee trading. Act as a backup for both firm and staff registrations and NRD maintenance.