Job Purpose:

  • Based in Toronto, we are seeking a Manager, Compliance Monitoring with significant investment fund compliance experience, who will be responsible for building, conducting, coordinating and compiling results of compliance monitoring across Invesco Canada
  • This individual will report to the Global Head of Compliance Monitoring, and will collaborate closely with the Canadian compliance team, Canadian business partners, to set an industry example for demonstrating fiduciary duty to our clients through the strong execution of a leading and robust compliance monitoring program
  • This role will also assist with the overall North American compliance monitoring program, working closely with the US CCOs and compliance teams, including a dedicated Manager, Compliance Monitoring in the US
  • The overall responsibility of the Manager, Compliance Monitoring role is to assist Invesco with maintaining compliance with applicable provincial securities rules and federal laws and statutes, across various aspects of Invesco Canada’s business operations.

Your Responsibilities:

  • Responsible for effectively planning and conducting compliance monitoring reviews of across the various entities based on the current risk based Monitoring Plan
  • Develops testing programs, schedules, coordinates resources, executes testing, and ensures documentation of work and results align with department standards
  • Evaluates root cause factors for testing exceptions and recommends practical solutions to strengthen processes and controls
  • Record and monitor identified exceptions and tracks the issues to resolution
  • Provide business reporting of results of the Monitoring Plan, exceptions noted and action plan progress toward resolution
  • Identifies gaps between Invesco policies and procedures and current industry standards or desk procedures
  • Works with applicable departments when drafting and revising new polices to obtain the appropriate approvals
  • Assists with conducting periodic Compliance risk assessments, aggregating results and communicating with various levels of management
  • Keeps abreast of changing regulatory requirements, reviews Invesco policies, and recommends revisions to remain compliant to changing regulations
  • Implements and supports the Compliance team’s strategic direction, vision, and mission in alignment with Invesco’s strategy
  • Responsible for visibly supporting Invesco’s business initiatives and the initiatives of other departments
  • Presents complex information in a professional and easy to understand manner through written materials or presentations for a wide variety of audiences including clients
  • Interfaces with clients as part of the Compliance team during due diligence meetings which includes face to face and remote meetings to explain the compliance aspects of our business with relation to the client accounts
  • Undertakes special compliance-related projects assigned by the Global Head of Compliance Monitoring (e.g. forensic testing, ad hoc requests).

Skills and Qualifications:

  • 7 – 10 years’ financial services industry experience with at least 5 years of direct compliance experience in the investment fund industry
  • The role requires an individual with an existing understanding of Canadian Securities Regulations who is an investment fund specialist and subject matter expert in monitoring, who can support various business unit partners
  • Experience building, managing and executing compliance monitoring program at an investment fund manager, with a solid understanding of risk management protocols and forensic testing
  • Working knowledge of data mapping and data management
  • Experience with data management software is an asset, but not mandatory
  • Broad knowledge of Canadian Federal laws and statutes
  • Detailed knowledge of Canadian securities laws and regulations, including but not limited to: NI 81-102, NI 81-105, NI 31-103, NI 45-106, MI 32-102, NI 33-109, OSA, etc.
  • Previous Compliance experience with testing and monitoring manual and automated controls
  • Ability to monitor, measure and test core business processes against internal policies and procedures, payment network rules and configuration, and regulatory requirements
  • Effectively communicate and report out on monitoring plans, status, issues, risks, and requirements to all levels of stakeholders
  • Deliver value and insights by providing recommendations/improvements around processes and/or controls to business partners
  • Analytical skills – leverages data to identify issues and data trends for impact and root cause analysis
  • Proficiency in Microsoft Office applications is required
  • The individual must have strong analytical skills and a high degree of attention to detail, be skilled at creating process, and operate independently, setting and meeting priorities and deliverables and balancing multiple projects
  • Ability to work on multiple assignments or projects concurrently
  • Ability to communicate clearly with persons at a wide range of levels on sensitive matters
  • Ability to identify and thoroughly investigate reporting discrepancies, and determine the appropriate course of action (either resolution or higher review)
  • Ability to handle confidential information
  • Ability to interact with senior management and investment professionals as well as clients
  • Demonstrated ability to understand wide range of regulatory requirements applicable to investment advisers and mutual funds and to develop and implement appropriate procedures to comply therewith
  • Ability to understand complex regulations
  • Ability to interact well with all levels of employees
  • Strong written and oral communication skills

Source: for more information click here.

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