AVP Compliance, CWB Wealth

Job title:

AVP Compliance, CWB Wealth

Company

Canadian Western Bank

Job description

At , we strive to build value for the people who choose us every day: our people, our clients and our investors. We do this by holding true to the values that guide us. We put people first and build relationships with intention. We seek out and embrace new ideas, knowing that better is always possible. We believe that how we do things is as important as what we do. And we harness the power of inclusion. Our culture is who we are and how we show up – as individuals and as a team – to accomplish our strategy.

Role Specifications

Hybrid work environments. Collaborative connections.

Flexible location: Edmonton, AB. Toronto, ON.

About CWB Wealth Management

As part of CWB Financial Group, is a private wealth advisory leader in Canada, that specializes in meeting the complex needs of the high-net-worth sector. With more than 200 wealth professionals across Canada, we hold over $8 billion in assets under management and administration and provide advisory services on over $2 billion of Indigenous Services assets.

The opportunity

In this newly created role, the AVP Compliance, CWB Wealth will take the lead in daily compliance functions across CWB Wealth Management. They will be responsible for providing advisory support by offering independent oversight and challenge to ensure adherence with regulatory requirements and securities legislation.

If you are a seasoned compliance professional seeking a role that combines strategic oversight with hands-on guidance, this opportunity awaits you!

The day to day

Lead Overall Compliance Activities at CWB WM

Provide senior advisory support to CWB WM and its registered individuals, ensuring compliant product and service delivery.

Supervise registered individuals, leading all aspects of registration and jurisdiction categories effectively.

Identify, interpret, and assess the impact of regulatory changes; develop and carry out implementation plans.

Collaborate on independent monitoring, testing regulatory controls, offer guidance for remediation.

Lead investigations on control weaknesses, non-compliance instances, ensure timely remediation.

Act as main point of contact for regulator reviews, prepare responses to inquiries.

Manage personal trading program, oversee compliance reporting, execute training strategy.

Manage Client Support and Handling of Client Accounts

Manage the team overseeing client accounts, ensuring required disclosures and ongoing assessments.

Oversee annual reviews of Client Relationship Disclosure, aligning with industry best practices.

Monitor registered individuals for KYC, KYP, and suitability compliance with clients.

Lead trade supervision, ensuring compliance with regulatory requirements, client mandates, and conducting daily/monthly trade reviews for errors, proper settlement, and unusual trading activity.

Review client complaints, identifying compliance issues or trends in risk management.

Manage Investment Funds and Firm Compliance

Participate in product reviews, monitor KYP obligations, and provide training.

Manage regulatory filings to avoid fines, ensuring accurate and timely completion.

Lead compliance program for investment funds, addressing offering documents, investment restrictions, continuous disclosure, conflicts of interest, etc.

Review marketing assets for regulatory compliance, offering timely input and approvals.

Successful incumbent

With a thorough knowledge of securities regulation, the AVP Compliance has a robust understanding of financial institution operations, organizational infrastructure, and the regulatory environment. They maintain high levels of proficiency, attentiveness, and diligence in their activities, showcasing a management style that is open, collaborative, decisive, and results-oriented. Their ability to influence diverse stakeholders and promote a visible commitment to compliance culture aligns with their strong analytical capabilities.

Committed to continuous improvement, the successful incumbent thrives under pressure, exhibiting excellent communication skills. They embrace change, seek opportunities for improvement and flourish in a dynamic environment with grace and humor.

Core Knowledge requirements and Demonstrated Experience

University degree in a related field of finance or economics.

Relevant industry education such as Canadian Investment Funds Course, Canadian Investment Funds Operations Course, CSC, PDO and other relevant continuing education courses.

Ability to be registered as a Chief Compliance Officer (IFM, PM, EMD).

Strong knowledge of securities industry’s regulatory compliance practices, procedures and principles applicable to securities legislation and regulation (including but not limited to NI 31-103, NI 45-106, NI 81-101, NI 81-102, NI 81-106 and NI 81-107).

10+ years of relevant securities industry and professional experience within a financial institution, including compliance and risk management roles.

Experience participating in regulator reviews and preparing regulatory correspondence.

Demonstrated understanding of fundamental securities and regulatory and industry knowledge.

Invest in your career with CWB. Apply today.

Why work with us?

Your success is our obsession! And our benefits back it up.

Wellness matters. We offer an award-winning benefits package that includes:

hybrid work environments

everyday flexibility

company-funded health coverage

health care spending account

a flexible wellness program

generous time-away options to unplug, rest & recover.

Career development. We commit to our employees’ development and help them reach their professional goals with:

organization wide coaching services

mentorship

education support & training programs.

Bring your whole self to work. Inclusion is a journey requiring practice & experience to result in a powerful outcome. Your perspective matters & voice will be heard. Find community within the CWB family in our employee represented groups.

#LI-AI1

As an equitable employer, CWB Financial Group is committed to providing a safe and where a diverse workforce thrives. You are welcomed and encouraged to bring your whole self to work. Dignity, respect and equality are non-negotiables. If you require during any part of the recruitment or selection process, please reach out.

Closing Date:

• Position closes at 12:01am on the close date identified below. 01/27/2024

Expected salary

Location

Edmonton, AB

Job date

Sat, 13 Jan 2024 01:51:10 GMT

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