Director, Futures

In this role, you will have the opportunity to:

• Partner with teams across the business as a futures subject-matter-expert and thought partner to help define and scope our futures features/product offering, operationalize daily processes and manage financial, regulatory and reputational risk
• Define operational requirements (systems, process, controls, tooling, reports/monitoring, 3rd party solutions, etc) across the full futures lifecycle to deliver our product roadmap
• Define financial/collateral requirements needed to support various futures features and ways to improve collateral/capital efficiency
• Execute key initiatives, in close partnership with Capital Markets and Trading, Product, Engineering, Data Science, Compliance and Risk
• Develop and manage relationships with key partners and vendors (e.g., data vendors, custodians, exchanges, clearing houses)
• Advise Operations leaders on how to safely and effectively operationalize daily execution across the full futures lifecycle; e.g., confirmations, settlement, exercise, assignment, expiry and reconciliations; conduct thorough testing prior to launch and new feature rollouts
• Define and operationalize daily risk management activities (e.g., monitoring client accounts, concentration, etc)
• Define operational risk controls to keep our clients’ assets safe, manage risk to Wealthsimple, and meet strategic and regulatory standards
• Build an incident management playbook for identification, assessment, quantification, reporting, communication, mitigation and monitoring; lead incident resolution and remediation quickly and effectively when they occur
• Support the publishing, review and continuous improvement of our policies and procedures in collaboration with Risk and Compliance
• Co-author and review futures-related client communications and educational materials; contribute to the education of our clients to enable them to make responsible investment decisions
• Ensure compliance with all CIRO, FINTRAC and other regulatory requirements; support/advise on our regulatory strategy
• Develop and maintain an educational environment where the knowledge and performance of our team is continually advancing

Skills we're looking for:

• Experience in the offering of trading futures in a CIRO operating environment.
• Experience in working with an engineering/development team, in automating processes and operations and setting direction on how futures will be operationalized.
• Experience in the day to day operations and clearing futures.
• Strategic and growth-minded; a thought leader who is excited to build something new
• Futures operational expertise is a requirement, with a deep understanding of how futures work, the system requirements behind them and regulatory requirements
• A strong problem solver with extraordinary judgment and ability to navigate through uncertainty; there is rarely a playbook to follow
• Collaboration - excellent interpersonal skills and willingness to work in collaboration with various team members
• Efficiency - ability to produce significant output with minimum wasted effort; ability to move fast
• Focuses on the most important things - knows where to go deep, and where to go fast, to make the biggest impact
• Proactive and assertive - acts without being told what to do. Brings new ideas to Wealthsimple
• Communication - Speaks plainly and truthfully. Communicates complex ideas in a simple and easy-to-understand way
• Data and analytics - strong analytical and problem-solving skills with superior attention to detail
• Organization and planning - Plans, organizes, schedules and budgets in a productive manner, with a rigorous focus on prioritization
• Honesty and integrity - doesn't cut corners. Does what is right, not what is politically expedient