Senior Securities Regulatory Counsel

Toronto or Remote (Canada)

Full Time Senior-level / Expert
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Wealthsimple is on a mission to help everyone achieve financial freedom, no matter who they are or how much they have. Using smart technology, Wealthsimple takes financial services that are often confusing, opaque and expensive and makes them simple, transparent, and low-cost. We're the company behind some of Canada's leading digital financial products, and are growing faster than ever.
Our team is reimagining what it means to manage your money. Smart, high-performing team members will challenge you to learn and grow every day. We value great work and great ideas — not ego. We're looking for talented people who love a fast-paced environment, and want to ship often and make an impact with groundbreaking ideas.
We’re a remote-first team and output is more important than face time, so where you choose to work is up to you — as long as you have internet access, you can work from anywhere in Canada. Be a part of our Canadian success story and help shape the financial future of millions — join us! Read ourCulture Manual and learn more about how we work.
At Wealthsimple, we are building products for a diverse world and we need a diverse team to do that successfully. We strongly encourage applications from everyone regardless of race, religion, colour, national origin, gender, sexual orientation, age, marital status, or disability status. Wealthsimple provides an accessible candidate experience. If you need any accommodations or adjustments throughout the interview process and beyond, please let us know.
The Senior Securities Regulatory Counsel will help build an innovative securities product ecosystem, including the oversight of Wealthsimple Invest (portfolio manager) and Wealthsimple Trade (OEO securities dealer). Our securities product roadmap is new and novel, with no existing blueprint. We’re looking for an innovative thinker who can dream and then execute within Canada’s complex securities regulatory framework.
This role will be hands on and will require innovative thought, attention to detail, resourcefulness, and the ability to apply a pragmatic approach to the work at hand. The ideal candidate will be willing to innovate, experiment, move quickly and responsibly, and focus on results. Bottom line: we are looking for someone with the ambition, expertise and character to play a meaningful role in building a Canadian fintech champion. 

In this role, you will have the opportunity to:

  • Lead legal and regulatory innovation activities that enable the development and execution of our securities product roadmap and growth initiatives for both managed accounts and self-directed trading
  • Contribute actively to innovative ideas for growth and scalability, including new product features, account types and investment products
  • Collaborate with R&D teams to build cutting-edge products using new technologies
  • Add strategic value to Wealthsimple’s product, engineering, finance and operations teams with expert advice and creative solutions to complex problems
  • Guide the development of a cost-effective, efficient and effective program for Wealthsimple’s registered portfolio manager and securities dealer
  • Pair closely with Wealthsimple’s compliance leadership and team to obtain and maintain relevant regulatory licences and good regulatory standing to enable future growth
  • Lead teams working on securities-related regulatory innovation
  • Partner with cross-functional R&D and operations teams to educate and drive the appropriate execution of legal and regulatory requirements
  • Communicate applicable risks, costs, progress, and results of regulatory requirements to all relevant internal and external stakeholders

We're looking for someone who has:

  • 10+ years of practice in securities regulation (dealer/adviser registration, marketplace oversight or investment funds) gained at a Canadian law firm or in-house corporate legal department
  • Working experience in financial technology or technology-driven financial services firm with leadership roles in legal or compliance functions
  • Experience dealing with regulators, including the OSC and IIROC
  • Experience advising on registration, market conduct, corporate finance and investment fund rules
  • Experience negotiating and drafting investment management agreements, subscription agreements and other securities-related contracts as they arise
  • Expert communicator with the ability to work collaboratively and effectively with a wide range of teams
  • Experience with preparing regulatory disclosures and board-related materials in connection with new product launches, product changes, legal developments and other events
  • Ability to identify emerging issues and trends to inform decision-making
  • Prior experience working on asset-based lending, derivatives, securitization, and/or structured or project financing would be an asset, but is not required
Job region(s): North America
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