Wealthsimple
Fintech
Specialist,DerivativesRiskRemediation
“Specialist, Derivatives Risk Remediation at Wealthsimple. Skills: Derivatives risk, Risk remediation, SQL, Python. Monitor dashboards daily. Identify derivative risk”
What You'll Achieve.
Identify and remediate derivative risk; Ensure nothing falls through the cracks; Surface risk; Execute on risk; Stay compliant with policies; Size and execute remediation actions; Partner on remediation needed; Surface daily risk views; Maintain exposure trackers; Feed team discussions; Feed Risk Committee reporting; Make calculated, low-error decisions; Catch things others miss; Build and maintain the tools the team depends on
Industry & Context.
Analytical instinct to spot issues; Sound judgment; Reliable problem solver; Calculated, low-error decisions; Knows when to act; Knows when to escalate; Don't let ambiguity stall you
What They're Looking For.
Must Have
1–3 years in derivatives operations, risk, margin operations, or trading support at a CIRO-regulated dealer or equivalent, Working knowledge of retail option strategies, Working understanding of futures and options on futures, Solid grasp of option assignment and exercise mechanics, Expiry-day operations, Corporate actions, Dividend working knowledge, Working knowledge of CIRO IDPC margin rules, Working knowledge of dynamic collateral and strategy re-pairing, Working-to-intermediate SQL, Python for automation scripts, Basic API integrations, Practical use of AI tooling, Working proficiency with BI platforms, Excel, CSC, CPH, DFOL, and FLC (or equivalent CIRO new proficiency requirements), or CFA Level 1
Nice to Have
OPSC, IDSC, and CCSE certifications, CFA or FRM candidacy, Experience with futures and futures options, Experience with JIRA, Notion, Slack, Oracle DB, ICE, FactSet, Preset, Apache Superset, or similar tools
What You'll Do.
Monitor dashboards daily
Identify derivative risk
Surface concentrations
Identify early assignment events
Identify near-expiry ITM positions
Identify accounts requiring action
Monitor automations during option liquidations
Escalate anomalies and failures
Ensure changes are implemented
Execute option assignment workflows
Execute option exercise workflows
Execute account restrictions
Execute position liquidations
Review derivative scenarios
Assess scenario impact
Apply working knowledge of collateral
Apply working knowledge of strategy re-pairing
Complete weekly CIRO audit requirements
Document findings and controls
Build and maintain monitoring tools
Apply CIRO IDPC margin rules
Complete ad hoc trades and tasks
How You'll Work.
Team & Collaboration
Work closely with the Senior Specialist; Part of a small team; Works well across functions; Contribute to team discussions; Escalate appropriately; Share context early; Communicate clearly; Make the team around you more effective
Communication Scope
Communicate clearly
Applying for this Specialist, Derivatives Risk Remediation role?
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