Overview

The Compliance Specialist is responsible for the oversight of the advisor’s business activities and executing various compliance programs such as reviews of the practice approving business submissions and close supervision programs.  Work involves conducting analysis of various sources of information including file documentation, reports, audit procedures, and interviews to identify trends or issues. The Compliance Specialist is responsible for identifying appropriate corrective actions, communicating recommendations to affected parties, and following up to ensure that corrective actions are effectively implemented and well documented.

Responsibilities include:

  • Oversight of the advisor’s practice with emphasis on business approvals and the supervision of insurance and financial planning.
  • Lead Compliance Practice Review programs (develop work plan, execute program, monitor to resolve issues and report on results).
  • Provide guidance and direction to the field including recommendations on remedial actions, including meetings or conference calls, training presentations, exception approvals, to assist with resolution of deficiencies.
  • Prepare management reports on completed programs for distribution to senior management, field directors and/or regulators. Monitor progress on corrective actions.
  • Mentor and provide guidance to more junior staff on unusual, sensitive and escalated cases, determine appropriate corrective actions such as branch review deficiency findings or Close Supervision issues.

Qualifications:

  • 4+ years of experience in a financial services environment preferably with relevant licensed experience in the mutual fund or insurance industry.
  • Completion of a post-secondary degree in a relevant business discipline.
  • Completion of and/or commitment to complete the Canadian Securities course (CSC), Life Insurance Course (LLQP) and the Certified Financial Planners program (CFP) within a specified timeframe.
  • In-depth knowledge of financial planning strategies.
  • In-depth knowledge of the financial services industry, including understanding of regulatory requirements of the MFDA, IIROC, insurance councils and other regulators.
  • Proficiency in Microsoft Word, Excel and internet research.
  • Ability to communicate verbally and in writing in French is an asset for candidates outside of Québec. For candidates within Québec, proficiency in the French language (speaking, reading, and writing) is mandatory.