Senior Manager, Group Audit & Conduct

Senior Manager, Group Audit & Conduct Location: This posting is for an existing vacancy in Wellington-Altus’ Toronto or Calgary office. Our organization: Founded in 2017, Wellington-Altus Financial Inc. (Wellington-Altus) is the parent company to Wellington-Altus Private Counsel Inc., Wellington-Altus USA Inc., Wellington-Altus Insurance Inc., Wellington-Altus Group Solutions Inc., and Wellington-Altus Private Wealth Inc.-the top-rated* investment dealer in Canada and one of Canada’s Best Managed Companies. With over $45 billion in assets under administration and offices across the country, Wellington-Altus identifies with successful, entrepreneurial advisors and portfolio managers and their high-net-worth clients. *Investment Executive 2025 Brokerage Report Card. The opportunity: Reporting to the Vice-President, Group Audit and Conduct, the Senior Manager, Group Audit & Conduct will provide functional oversight of audit deliverables, leading a portfolio of audits across the wealth businesses. The role will own risk assessment and plan delivery, elevate audit quality and insights, coach a high-performing team and influence senior stakeholders to strengthen control environments, conduct risk management and regulatory compliance. Key responsibilities include: Audit Planning & Risk Assessment
• Lead the line of business risk assessment and develop a risk-based annual audit plan covering core lines of business, products, and key risk themes (e.g., suitability, KYC/AML, sales practices, conflicts, best execution, portfolio oversight, model risk, third-party risk, cyber & data, privacy).
• Continuously update the plan based on emerging risks, regulatory changes, incidents, complaints, and business growth initiatives (e.g., new products, platforms, or outsourcing).
• Incorporate data-driven scoping, thematic reviews, and continuous monitoring. Audit Execution & Quality
• Oversee end-to-end audits: planning, fieldwork, testing, issue development, reporting, and follow-up—on time, on budget, and internal methodology.
• Ensure robust testing of design and operating effectiveness for key controls over advice, client onboarding, account maintenance, trading, suitability, fee billing, disclosure, privacy, and safeguarding of client assets.
• Drive the use of data analytics (population testing, stratified sampling, trend analysis, and control monitoring).
• Review workpapers and reports to ensure clarity, factual accuracy, proportionality of findings, and actionable recommendations. Regulatory & Conduct Risk Focus
• Assess compliance with applicable regulations and guidance (e.g., CIRO/IIROC Dealer Rules, OSC/CSA, FINTRAC, privacy laws) and internal policies/standards.
• Evaluate conduct risk and client outcomes: suitability and KYC, conflicts management, compensation and incentives, complaints handling, vulnerable clients, and disclosure transparency.
• Prepare for and support regulatory exams; track and validate remediation actions. Stakeholder Management & Influence
• Build trusted, constructive relationships with senior leaders in Wealth (front office, compliance, operations, risk, technology).
• Communicate insights succinctly, distinguishing between control gaps, design opportunities, and operational improvements that strengthen client outcomes and business resilience.
• Escalate significant issues promptly, frame risk clearly, and align pragmatic remediation plans with measurable outcomes and accountable owners. People Leadership
• Lead and coach a team of managers/senior auditors; set goals, allocate work, review deliverables, and provide timely feedback.
• Develop team capabilities in wealth products, conduct risk, regulatory interpretation, testing discipline, analytics, and storytelling.
• Foster a high-performance, inclusive culture rooted in curiosity, accountability, and continuous improvement. Continuous Improvement
• Champion audit methodology enhancements, automation, and analytics use cases (e.g., exception monitoring, outlier detection, fee/expense testing).
• Contribute to audit committee materials, thematic insights, and quarterly risk reporting.
• Share best practices across Group Audit & Conduct; mentor peers; lead training. The ideal candidate will possess: • Bachelor’s degree or diploma in business administration, finance, accounting or similar field of study, or equivalent combination of education and experience.
• Completion of CSC or CPH preferred.
• 5 – 8 years of internal or external audit, or first-line controls in Wealth and Risk Management.
• Strong knowledge of wealth products and processes: advisory/discretionary, funds, managed solutions, fee billing, trading/ops, custody, vendor/third-party risk.
• Solid grasp of Canadian wealth regulatory environment (e.g. CIRO, OSC, CSA) and conduct risk.
• Proven people leadership: building, coaching and performance-managing a team.
• Strong written and oral communication skills, ability to effectively communicate ideas and recommendations.
• Advanced testing skills (design & operating effectiveness), root cause analysis, and issue development with sustainable remediation.
• Proficiency with the MS Office (ie. Word, Excel, PowerPoint, Teams), and knowledge of advanced Excel functions (ie. VLOOKUP, pivot tables, etc.).
• Risk & Control Acumen: Converts complex regulations and processes into clear control objectives and effective testing strategies.
• Sound Judgment: Balances control rigor with business practicality; escalates the right issues at the right time.
• Ownership & Delivery: Plans well, executes to timelines, and raises early warnings proactively.
• Leadership & Coaching: Grows others; sets clear expectations and recognizes great work.
• Data-Driven Mindset: Uses analytics and evidence to challenge and form insights.
• Communication: Writes tight, persuasive reports; tailors messaging for executive audiences. Compensation & Benefits: Range $92,000 – $132,000 annually.
This range represents Wellington-Altus' expected range of compensation for this position. Actual compensation will vary and will be based on various factors, such as location, skills, experience, and qualification for the role. Compensation for part-time roles will be pro-rated based on number of hours regularly worked. Wellington-Altus' total compensation package for employees may also include discretionary bonuses as well as other perks and rewards. Wellington-Altus also offers health insurance, accident and life insurance, and other unique benefits per location. Conditions of employment: • Must be legally eligible to work in Canada.
• A background check, satisfactory to the employer, may be required of the successful applicant prior to commencing employment.
• Must be able to travel for business trips up to 5% of the time. Wellington-Altus Private Wealth is strongly committed to equity and diversity within its community and welcomes applications from women, racialized persons, Indigenous peoples, persons with disabilities, and persons of all sexual orientations and genders. All qualified individuals who would contribute to the further diversification of our organization are encouraged to apply. If you require accommodation for the recruitment process, please let us know at the point of application. To apply: Click the Apply for This Job button to submit your resume, cover letter and salary expectations. You will be contacted if you are selected for an interview. Artificial Intelligence (AI) will be used to screen and assess candidates for this role. More information about working at Wellington-Altus can be found on our website at www.wellington-altus.com.