Business Conduct Compliance Examiner

Position Title

Business Conduct Compliance Examiner

Department

Business Conduct Compliance

Location

Toronto

Employment Status

Permanent Full-Time (Hybrid)

Day in the life of

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 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
• Canadian Securities Course (CSC) and Conduct and Practices Handbook Course (CPH)

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 base salary in alignment with market
• 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 sick days
• Vacation days
• Maternity Leave Of Absence /Paternity Leave Of Absence top up
• Paid continuous learning and continuing development including designations.

Why the Canadian Investment Regulatory Organization (CIRO)

Our purpose and our impact: With offices across Canada - from Vancouver to Montreal, our mission is to promote healthy capital markets by regulating fairly and effectively so that investors are protected and confident investing in their futures. As regulators, we understand that we are all investors, and therefore a career with us is a purposeful career: protecting our future.

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.

Joining CIRO means becoming