Job Purpose:

  • The Compliance Department (“Compliance”) is an integral part of Invesco’s and Invesco Canada’s overall risk management structure
  • Compliance is responsible for advising and assisting business partners, independently identifying, assessing, monitoring, addressing, and reporting compliance risks, including escalating issues of non-compliance, communicating requirements, and performing other activities which fulfill regulatory requirements
  • Compliance works with business partners in identifying and prioritizing areas of risk.Based in Toronto, we are seeking a Manager, Monitoring with significant compliance experience
  • This role will have responsibility for conducting, coordinating and compiling results of the compliance monitoring practices across Invesco Canada
  • This individual will report to the Chief Compliance Officer for Canada, and will collaborate closely with the Canadian compliance team and Global Head of Compliance Monitoring 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 help coordinate on the overall North American compliance monitoring program, working closely with the Compliance Manager, Controls in the US.The overall responsibility of the Manager, Monitoring role is to assist Invesco Canada with maintaining compliance with applicable provincial securities rules and federal laws and statutes, across various aspects of Invesco Canada’s business operations
  • The qualified candidate will have the opportunity to support a variety of account types including Funds, ETFs, Institutional, and separately managed / sub-advised
  • This position will require working knowledge of investment fund regulations cited below
  • This role is manager to a Compliance Officer who is primarily responsible for filings and registration matters, including but not limited to, PM, EMD and IFM. The Compliance Officer will also assist the Manager, Monitoring with monitoring duties

Your Responsibilities:

  • The role requires an individual with an existing understanding of Canadian Securities Regulations who can become a subject matter expert and support relevant business unit partners
  • 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.
  • 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.
  • Assists in responding to regulatory, sub-advisory client, wrap client, and institutional client inquiries.
  • 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 Chief Compliance Officer, Compliance Director, or Senior Manager (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.
  • Experience building, managing and executing a compliance monitoring program with a solid understanding of risk management protocols and forensic testing is preferred.
  • People management experience is an asset.
  • Working knowledge of data mapping and data management, including instituting AI/predictive analytics and experience with data management software is ideal.
  • Broad knowledge of Canadian Federal laws and statutes is an asset.
  • Must have 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, etc.
  • 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
  • Proficiency in Microsoft Office applications is required.
  • Post-secondary education and/or equivalent experience.
  • Advanced professional education is preferred.
  • Canadian investment industry courses (CSC, CIM, FCSI, etc.) are an asset.
  • Regular hours, though some extended business hours may be required.
  • Some travel is required.

Source: for more information click here.

Share: