Vice President, Supervision & Managed Programs (Compliance & Supervision)

Client Organization : Wellington-Altus Financial

Position Title : Vice President, Supervision & Managed Programs

Reports to : SVP, Compliance & Chief Compliance Office

Location : Winnipeg or Greater Toronto Area

THE COMPANY

Founded in 2017, Wellington-Altus Financial Inc. (Wellington-Altus) is the parent company to Wellington-Altus Private Counsel Inc.

Wellington-Altus USA Inc., Wellington-Altus Insurance Inc., Wellington-Altus Group Solutions Inc., and Wellington-Altus Private Wealth Inc.

the top-rated* investment dealer in Canada and one of Canada’s Best Managed Companies. With more than $30 billion in assets under administration and offices across the country, Wellington-Altus identifies with successful, entrepreneurial advisors and portfolio managers and their high-net-worth clients.

Investment Executive 2024 Brokerage Report Card.

THE OPPORTUNITY

Reporting to the Senior Vice-President, Compliance & Chief Compliance Officer, the Vice-President, Supervision & Manage Programs will manage the Compliance program and team responsible for the Supervision programs for Wellington-Altus Private Wealth (WAPW), Wellington-Altus Private Counsel (WAPC), and Wellington-Altus USA (WA USA).

The incumbent will be responsible for building and maintaining an efficient and effective program of supervision for all three business lines, to ensure the firm and its registrants continue to adhere to all regulatory requirements, internal policies, and procedures while providing exceptional compliance support to Investment Advisor teams.

The incumbent will also support the SVP, Compliance & Chief Compliance Officer in collaboration with Compliance Leadership to drive the compliance program of the firm forward with a focus on practical solutions, regulatory compliance, and advisor experience.

KEY ACCOUNTABILITIES

• Lead the WAPW Compliance & Supervision program, working with our CIRO dealer for tier 1 and 2 supervision, marketing, and AML monitoring.
• Provide advisory support for technology changes and strategic initiatives as related to managed programs and other business advancements within WAPW.
• Participate in Managed Product and Managed Account Committee Meetings.
• Coach and lead a team of people leaders & compliance supervisors to administer a risk-based compliance program, leveraging technology and influencing best practices.
• Responsible for driving the overall Compliance Program for WAPC and WA USA, including Investment Advisor education, registration, regulatory filings, compliance policies and procedures.
• Provide compliance support for business through training Supervisors, attending leadership meetings, and working with advisor teams.
• Coaching and leading supervisory staff.
• Support relationship onboarding management, including overseeing options trading, new accounts openings, OA approvals, account NCAF approvals, and market surveillance.
• Act as the primary point for escalations, raising to CCO where non-compliant material has been identified.

KEY REQUIREMENTS

Functional Competencies

• Experience leading high performing teams in a rapidly evolving, complex work environment.
• Experience leveraging innovation and technology in designing effective compliance programs.
• Exemplary interpersonal and influencing skills; an ability to communicate effectively and work collaboratively, across multiple mediums (in-person, over the phone, and virtually).
• Proven analytical and problem-solving skills and demonstrated sound professional judgement.
• A high tolerance for ambiguity; highly adaptive and able to manage a large volume of competing priorities.
• Strong critical thinking and written and verbal communication skills.
• An ability to maintain the highest levels of confidentiality.
• Strong organizational skills and the ability to effectively manage changing priorities and in a high volume, fast- paced work environment.
• Demonstrate a high level of accountability, reliability, adaptability, and innovation in accomplishing day to day work and long-term goals.
• Ability to drive for results independently and lead a team to deliver the same.
• Excellent attitude and commitment to providing extraordinary service.
• An excellent attention to detail.

Leadership Competencies

• Accountability
• Adaptability & Flexibility
• Advisor Focus
• Drive for Results
• Entrepreneurship
• Initiative
• Teamwork & Collaboration

ROLE REQUIREMENTS

• An undergraduate degree in business, finance, economics, or similar field of study.
• A minimum 8-10 years’ progressive experience with a CIRO Dealer Member.
• In-depth knowledge of the regulatory framework in Canada, with emphasis on CIRO and CSA requirements.
• Previous experience with registrations, and experience working with regulators directly to support the compliance function within a large firm.
• Familiarity with SEC rules is considered an asset.
• Previous people leadership experience with mid to large sized teams.
• Experience as a registered Supervisor of managed accounts and / or options preferred.
• Experience with Portfolio Aid, Global Relay, and / or Envestnet and client onboarding tools is a strong asset.
• Bilingual in English and French, written, and oral is considered an asset.
• A CFA or CIM designation and registrations as a Portfolio Manager of Advising Representative is considered an asset.
• Past CCO experience, Lawyer, or Accountant is an asset.
• Business travel (Percentage) : 5-10%
• Proficiency with the MSOffice suite, including Word, Excel, PowerPoint, Teams, and Outlook.

ABOUT LHH KNIGHTSBRIDGE www.lhhknightsbridge.com

LHH helps organizations simplify the complexity associated with transforming their leadership and workforce so they can accelerate results, with less risk.

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Teams across Canada and around the world leverage our proven programs and global experience to deliver tailored solutions to clients that align talent with the needs of their business.

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