Regulatory Compliance Manager, Trade Surveillance

Location: Toronto office at 483 Bay Street, moving to the Mississauga office at 3 Robert Speck Parkway in approximately late 2026; flexible hybrid schedule. Current work authorization for Canada is required.

Salary: CAD 82,000–129,000 annual total cash compensation, including base salary and target performance bonus.

Company

Fidelity Clearing Canada provides trade execution, clearing, custody, and back-office support to Canadian brokerage firms and the Canadian brokerage arms of U.S.-based firms.

What you will do

• Operate the daily Trade Surveillance Program and investigate alerts involving potential market manipulation, deceptive practices, insider trading, and material non-public information.
• Analyze trade and market data against UMIR and monitor trader communications, order marking, order flow, large positions, and surveillance testing metrics.
• Maintain pre-trade risk controls, track limit breaches and approvals, and support the Trade Review Committee.
• Escalate incidents and assist with regulatory reporting to FINTRAC and CIRO, including short position, large open position, and fixed-income reporting.
• Develop compliance policies and procedures, support audits and training, and provide backup for employee trading, registrations, wire reviews, pricing reviews, and risk workflows.

Requirements

• Current authorization to work in Canada.
• Five or more years of experience in the investment dealer industry, including compliance or trading desk experience.
• University degree or equivalent work experience.
• Working knowledge of Electronic Trading Rules, UMIR, Canadian broker-dealer AML regulations, CIRO, and CSA regulations.
• Experience with Canadian exchange-traded futures and options, market data systems such as Thomson Reuters and Bloomberg, and strong proficiency in Excel and Access.
• CSC completed or in progress, with strong analytical, communication, presentation, and interpersonal skills.

Nice to have

• Three or more years of experience in trade surveillance compliance and pre-trade risk controls.
• Trader training, options supervisor, or Conducts and Practices Handbook course.
• Certificate in Investment Dealer Compliance completed or in progress.

Culture & Benefits

• Flexible working arrangements, including remote, hybrid, and in-office options.
• Competitive compensation with company RRSP contributions after six months without employee matching.
• Employer-paid health benefits from the first day, including up to CAD 6,000 annually for mental health services and therapy.
• Parental leave top-up to 100% of salary for 25 weeks.
• Home office equipment allowance of up to CAD 650 and generous paid time off, including two paid volunteer days annually.
• Professional development through training courses, tuition reimbursement, and designation completion rewards.