Employment Status

Location

Department

Reporting To

Job Id

Job Level

Seniority Level

Position Overview

The primary responsibilities of the Senior Compliance Advisor is as an experienced resource for employees and other industry-related professionals regarding industry regulations, with a focus on AML. The primary responsibilities will be geared towards retail compliance including daily and monthly trade/account surveillance, responding to queries of the Investment Advisors and their team, Branch Management Team and other departments. This role also acts as an escalation point for the Compliance Advisors.

Duties & Responsibilities

• Execution of the AML program including unusual and/or suspicious activity reviews and ongoing scrubbing of Clients
• Governance and documentation for management of high risk clients approvals and account activity as outlined by FINTRAC and in Investment Industry Regulatory Organization of Canada (IIROC) policies and other regulatory/corporate guidelines
• Support vendor management with external parties as it relates to AML/ATF screening functionality and configuration
• Ensure that required actions arising from reviews are completed within reasonable timeframes and records are appropriately filed in the central location within the Compliance Department
• Monitor business conduct for risk resulting from regulatory non-compliance and recommend course of action
• Functions as a key point of contact and resource regarding compliance policies and procedures, including effectively communicating requirements or concerns to Advisors and branch teams
• Identify trends developing for specific advisors and/or client accounts with an emphasis on AML potential conflicts of interest and unusual transactions, conducting detailed analysis regarding compliance policies and procedures, including effectively communicating requirements and escalating concerns to the Sr Manager of compliance Services and/or Deputy CCO where necessary
• Exercise due diligence in following Richardson Wealth (RWL) procedures, policies and guidelines
• Continually evaluate and lead enhancements to the effectiveness of departmental procedures and participate in developing, maintaining and implementing changes to the policies and procedures
• Liaise with Operations, Compliance and Credit on AML and Compliance related issues where requiredMaintain an in-depth understanding of compliance requirements for the brokerage industry and share knowledge, issues and challenges as well as sustain knowledge level for regulations
• Work on special projects as requested

Skills & Qualifications

• Minimum five years of experience in a compliance role, preferably with an IIROC or similar background (e.g. Investment dealer)
• Strong verbal and written communication skills
• Strong understanding of how the investment/securities industry functions and be able to apply that knowledge to RWL internal processes
• Good understanding of regulatory requirements and industry rules across Canada
• Good understanding of trading practices, market structure, risk factors, and general characteristics associated with the various securities and investment strategies in order to perform day-to-day analysis
• Ability to use initiative and work with minimal supervision
• Leadership skills and exercise good judgment on regulatory and supervisory issues
• Self-motivated and interested in ongoing learning and professional development (including attendance of regulatory or educational conferences and seminars)
• Working knowledge of MS Applications including Word, Excel, Access, and PowerPoint
• Strong computer and technology skills and familiarity with industry software would be an asset (including Dataphile, PortfolioAid and Open-Source Ticket Request System (OTRS))

Education

• University degree or college diploma
• Completion of the Canadian Securities Course (CSC);
• Certified Anti-Money Laundering Specialist (CAMS) designation
• Completion of Derivatives Fundamentals Course (DFC), Options Licensing Course (OLC), Option Supervisor Course (OPSC) and Branch Managers Course (BMC) are an asset