Fidelity
Financial Services
ComplianceManagerFCC
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“Compliance Manager FCC at Fidelity. Skills: Trade Surveillance, Trade Desk Supervision, Regulatory Compliance, Risk Mitigation. Manage FCC’s trade surveillance activities, ensuring timely detection, investigation and reporting of potential market abuses.. Manage the daily monitoring of trading activity and communication using surveillance tools.”
Industry & Context.
Ability to identify potential risks in complex trading scenarios.; Resolve sensitive issues.
Current work authorization for Canada is required for all openings.
What They're Looking For.
Must Have
Bachelor's degree in Finance, Economics, Business or related field., 7+ years of experience in broker/dealer relations, compliance, and/or operations., Experience working with cross-functional teams, including trading, legal, audit and risk., Working experience on a trade desk, interpersonal proficient at providing and accepting feedback., Effective communication, written, verbal and presentation skills., Ability to manage multiple priorities and work under pressure., Proven management and leadership behaviors., High level of proficiency with Microsoft Excel and PowerPoint, good working ability with other Microsoft applications., 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., Comprehensive knowledge in trade surveillance, trading, order flow, routing arrangements, understanding of trade surveillance tools and systems, such as IRESS, Bloomberg, PositionWatch etc., Excellent attention to detail and the ability to identify potential risks in complex trading scenarios., Good interpersonal skills, especially the ability to work well with clients, key partners and senior management to resolve sensitive issues., Excellent technical writing skills.
Nice to Have
5+ years of experience in trade surveillance related compliance and pre-trade risk controls is an asset, Trader training course, options supervisor course, or conducts and Practices Handbook Course/obtained or working towards Certificate in Investment Dealer Compliance is an advantage
What You'll Do.
Manage FCC’s trade surveillance activities
ensuring timely detection
investigation and reporting of potential market abuses.
Manage the daily monitoring of trading activity and communication using surveillance tools.
Daily investigation of alerts relating to possible manipulative and deceptive practices
insider trading and trading on material non-public traders communication testing of order flow to detect possible trade-throughs.
Oversee testing for correct order marking and submit order marker correction conduct order marker and large position reporting support creation of periodic management reporting of the Surveillance daily statistical tracking of all surveillance testing measures.
Identify potential risks from alerts and trading activity and recommend effective measures to mitigate risks in compliance with legal and regulatory requirements.
Gathering and analyzing trade and market data against Universal Market Integrity Rules (UMIR) to identify manipulative and deceptive trading activity.
Manage and improve upon limit change framework.
Conducts quality control testing to ensure accuracy in alerts resolution.
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 limit change approvals.
Participate in the Trade Review Committee (TRC) and ensure all committee functions are completed in a timely manner.
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.
implement and update internal policies and procedures and controls to address emerging risks and regulatory changes.
and develop awareness of compliance related issues among FCC employees.
Interpret both internal policies and regulatory instruments to resolve both client and staff related issues.
Lead and/or assist with regulatory audit and inquiry requests.
Assist as required in processing and analysis of risk daily workflow.
Provide support for regulatory reporting such as short position reporting
Large Open Position Reporting and Fixed income reporting.
Provide support to team members by responding to general inquiries and reviewing operational requests.
Ensure all incidents are escalated appropriately to the Director
Compliance and/or Chief Compliance Officer.
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.
Assist with compliance inquiries and work with applicable teams to provide guidance and/or resolution to clients.
How You'll Work.
Team & Collaboration
Work with Team to manage FCC’s trade surveillance activities.; Collaborate with the Manager, Trade Compliance, the team and Director, Compliance to improve upon existing Program.; Work with the team to ensure there is a robust and effective set of pre-trade risk controls in place.; Collaborate with Manager, Trade Compliance to develop, implement and update internal policies and procedures and controls.; Work with the team to improve upon existing procedures.; Provide support to team members by responding to general inquiries and reviewing operational requests.; Work with applicable teams to provide guidance and/or resolution to clients.
Communication Scope
Effective communication, written, verbal and presentation skills.; Excellent technical writing skills.
Full Job Description
# **Job Description** **This is a hybrid role with a mix of remote and in-office working** ** _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.** **Who We Are** At Fidelity, we’ve been helping Canadian investors build better financial futures for over 35 years. We offer individuals and institutions a range of trusted investment portfolios and services - and we’re constantly seeking to find new and better ways to help our clients. As a privately owned company, we boldly embrace innovation in all areas as we continue to grow our business into the future. Working with us means you’ll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. You’ll have a wide range of opportunities to grow and develop your career in an inclusive environment where you’ll feel valued and supported to be your best - both personally and professionally. 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 **Role Overview** The Compliance Manager (Trade Compliance) reports to the Manager, Trade Compliance and plays a key role in supporting and managing the daily operations of the Trade Surveillance program and Trade Desk Supervision. This position is responsible for managing critical functions, including the timely investigation of alerts generated by trade surveillance systems, regulatory reporting, and active participation in departmental initiatives. In this role, you will provide subject matter expertise to support system enhancements a
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