Regulatory Compliance Manager, Trade Surveillance

## **Job Description** - **You will be working on a flexible hybrid schedule as part of Fidelity’s dynamic working arrangement.** - **Current work authorization for Canada is required for all openings.** - **The work location for this role is 483 Bay Street in Toronto until approximately late 2026, when the work location will change to the new Mississauga office at 3 Robert Speck Parkway.** **Business Overview:** 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/](https://clearing.fidelity.ca/) **Role Overview:** 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. **What You Will Do:** 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. Expertise You Will Bring: - Strong analytical skills. - Working knowledge of the Electronic Trading Rules, Universal Market Integrity Rules, Canada’s AML regulations applicable to a Broker Dealer and other CIRO and CSA regulations. - Experience working with Market Data systems such as Thompson Reuters and Bloomberg. - Strong communication, written, verbal and presentation skills. - High level of proficiency with Microsoft Excel and Access. Good working ability with MS Word and PowerPoint. - Strong interpersonal skills; proficient at providing and accepting feedback. - Comprehensive knowledge in trading governance What We’re Looking For: - 5 or more years’ experience in the investment dealer industry, including experience in compliance roles and/or trading desk - Completion of University degree or equivalent work experience - Work experience with derivatives such as Canadian exchange traded futures and options - Obtained or working towards CSC Nice to have: - 3+ years of experience in trade surveillance related compliance and pre-trade risk controls - Trader training course, options supervisor course, or conducts and Practices Handbook Course - Obtained or working towards Certificate in Investment Dealer Compliance **Some of the ways we’ll help you feel valued and supported as part of our team:** - Flexible working arrangements - 100% remote, hybrid, and in office options - Competitive total compensation, including company contributions to your group RRSP without a matching requirement from you - Comprehensive health benefits that start on your first day, with 100% employer-paid premiums, that include up to $6000 annually for mental health services and therapy - Parental leave top-up to 100% of your salary for a period of 25 weeks - Up to $650 for home office equipment - Generous time off policy, including 2 paid days annually to volunteer at a charity of your choice - Diversity and inclusion programs, including an active network of Employee Resource Groups - Extensive professional development opportunities, including access to over 11,000 training and development courses, tuition reimbursement, and monetary rewards for completing a required designation We care a lot about fostering a compassionate, people-centric culture, and are proud to have been named one of Canada’s Top 100 employers for the last five years. **Total Rewards That Reflect Your Impact** We believe exceptional work deserves exceptional recognition. That’s why we offer a **competitive compensation package** designed to support your success today—and your financial well-being tomorrow. For this role, your total rewards include: - **Base Salary and discretionary Performance Bonus**: Total annual cash compensation (base salary plus target bonus) ranges from **$82,000 to $129,000** based on experience and qualifications - **RRSP Contribution**: After 6 months of employment, we invest in your future with an **RRSP contribution—no employee matching required.** We’re proud to offer a compensation package that aligns with **provincial pay transparency requirements**. This posting represents an **existing vacancy** within our organization—an opportunity to step into a role where your talents will make a meaningful difference. _We use AI-enabled LinkedIn Hiring Assistant to support parts of our sourcing process. Every hiring decision is reviewed and finalized by our recruiters. If you choose to ask questions to the LinkedIn HR Hiring Assistant, please be mindful that the responses are not official and must be confirmed for accuracy and completeness by Fidelity. If you are selected for an interview, the recruiter who contacts you can best answer your questions_. **Fidelity Canada is an equal opportunity employer** Fidelity Canada is committed to fostering a diverse and inclusive workplace. We will consider all qualified applicants for employment regardless of race, color, religion, sex, sexual orientation, gender identity or expression, national or ethnic origin, age, disability, family status, protected veterans’ status, Aboriginal/Native American status or any other legally-protected ground. **Accommodation during the application process** Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. If you require an accommodation, please email us at [[email protected]](mailto:[email protected]). **No telephone inquiries or agencies please. We thank all applicants for their interest, please be advised that only those selected for an interview will be contacted.** **Why Work at Fidelity?** **We are proud to be recipients of the following:** **Awards** **• Canada's Top 100 Employers** o Greater Toronto's Top Employers o Canada's Top Family-Friendly Employers o Canada's Top Employers for Young People **• Great Place To Work® Certified** o Best Workplaces for Inclusion o Best Workplaces for Mental Wellness o Best Workplaces for Today's Youth o Best Workplaces for Women o Best Workplaces in Financial Services & Insurance o Best Workplaces in Ontario o Best Workplaces with Most Trusted Executive Teams **• LinkedIn Top Companies in Canada** **• Human Resource Director (HRD) - Best Place To Work** o HRD - 5-Star Benefit Program o HRD - 5-Star Diversity & Inclusion Employer **Designations** • Canadian Compassionate Companies – Certified • Benefits Canada's Workplace Benefits Award - Future of Work Strategy • TalentEgg National Recruitment Excellence Award - Special Award for Diversity & Inclusion in Recruiting • Canadian HR Reporter's Most Innovative HR Team