Business Conduct Compliance Examiner

As a self-regulatory organization, the 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 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:

• Conduct an in-depth risk assessment of firm business activities to develop a comprehensive examination plan by identifying high-risk areas, documenting the risk levels of assigned examination modules, and assessing the risks associated with new products or business lines, tailoring examination procedures to address compliance with regulatory requirements
• Perform examinations by conducting walkthroughs to understand workflows and document processes, evaluating compliance with regulatory standards and assessing the effectiveness of internal controls under supervision
• Complete fieldwork within the allocated timeline, addressing review notes promptly to maintain examination quality and efficiency
• Clearly document deficiencies and communicate the findings to the firm by collaborating with the examination team to compile comprehensive examination reports, ensuring that findings are well-supported and assist with the review of the firm’s remediation plans for compliance with regulatory requirements
• Recommend improvements to the examination processes and methodologies, providing feedback to enhance program efficiency and effectiveness
• Interact with other compliance departments for planning, exam scheduling and info sharing purposes
• With the lead examiner, draft findings and the examination report utilizing plain language

Key Skills and Competencies:

Must-haves

• General undergraduate degree
• 2 - 4 years’ experience in compliance, audit or supervisory function with a Dealer Member, or other related employment with a securities regulatory organization
• Successful completion of CIRO proficiency courses/exams or equivalent

Nice to Haves

• Chartered Professional Accountant (CPA) designation with auditing experience
• 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, adhere to timelines and work under pressure in different environments
• Ability to travel
• Derivatives Fundamental Course (DFC), Branch Managers’ Examination Course (BME), Chief Compliance Officers Qualifying Examination (CCO) and Investment Dealer Compliance Course (IDCC) are considered assets

What we offer

• Competitive total rewards program including performance-based bonus *
• Hybrid work environment
• 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 wellness days*
• Maternity and Parental Leave top up *
• Paid continuous learning and continuing development including designations*

*Offerings are not applicable to contracts

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 work.

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.

Our Commitment

CIRO is committed to creating an inclusive and barrier-free recruitment and selection process. We welcome applications from all qualified individuals and will provide accommodation upon request for candidates participating in all aspects of the recruitment process, in accordance with applicable human rights and accessibility legislation. If you require accommodation, please contact Human Resources.

CIRO is a pan-Canadian organization that oversees all investment dealers and trading activity in marketplaces across Canada. This position requires regular communication and collaboration with employees in CIRO regional offices and with stakeholders across Canada. Proficiency in English is required due to the frequent interactions with internal and external English-speaking members, clients, registered representatives, firms, Canadian provincial and territorial securities regulators, and employees located outside Quebec. For positions based in Quebec, proficiency in both English and French is required to effectively perform the duties of the role and communicate with stakeholders in both official languages.

Additional Information

• This posting reflects an active vacancy on our team
• We use automated (AI) enabled technology to support aspects of candidate sourcing, screening, and communications. Applications are reviewed by our hiring team and hiring decisions are made by people.
• The hiring range for this position is $70,000 - $80,000. The final compensation offered will be based on the successful candidate’s knowledge, skills, education, training, experience, internal equity, and external market considerations.

We thank all applicants for their interest; however, only those selected for further consideration will be contacted.

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