Senior Examiner

Venture outside the ordinary - TMX Careers

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets.  United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

Ready to be part of the action?

Reporting to the Director, Core Regulatory Functions, the Senior Examiner provides operational and administrative support to the Team Lead and to the Director, and helps coordinate the annual examination planning process following the objectives set by the Regulatory Division. The Senior Examiner carries out regulatory examinations of the Bourse Approved Participants by preparing files and documentation, conducting testing and interviews, writing examination reports, and updating the Participant’s risk scorecard. In addition, the Senior Examiner participates in the annual planning of the examination schedule and actively participates in various Division initiatives.

Hybrid role (2 - 3 days at the Office) - based in Montreal, QC

Key Accountabilities: 

In the capacity of back up to the Team Lead

• Schedules examinations and assigning them, taking into account the resources and workload of examiners;

• Manages examinations by assigning testing items, tracking the work progress to meet benchmarks and take corrective action if exam timeliness is impacted;

• Reviews and assesses the quality of testing conducted in the course of examinations and providing guidance;

• Assesses, proposes, and approves changes to examination testing criteria;

• Coordinates the operational activities related to examinations to ensure the timely completion of examination files;

• Performs and carries out annual reviews of the service’s policies and procedures manual (examination program, testing procedures, etc);

• Supports the Director by formulating suggestions when necessary in terms of resources, action plans, and priorities;

• Acts as a liaison between the Examinations service and the other services within the Division;

• Maintains a register of all examinations, and acting as a subject matter expert with regulatory authorities such as the Autorité des marchés financiers (“AMF”) and the Canadian Investment Regulatory Organization (“CIRO”);

• Monitors applicable regulations, and modifications or amendments, to ensure the implementation and compliance by Approved Participants;

• Identifies, improves and enhances internal processes by standardizing testing procedures, interviews, report writing and response assessment practices;

• Participates in various initiatives and internal committees aimed at analyzing operational and regulatory issues that may lead to regulatory amendment projects or other initiatives;

• Participates in the hiring process for any examiner role and provides training as necessary to any newcomers to the Division;

• Liaises with other team leads in the Core Regulatory Functions services, as well as with any staff from the Division.

In the capacity of Examinations               

• Plans examinations by conducting preliminary assessments of Approved Participants based on previous examinations, input from other departments, and priorities of the Division in order to determine the scope and principal areas of focus of the examination;

• Prepares examinations by understanding the Approved Participant’s organizational and business structure, policies and procedures, and compliance culture;

• Assesses Approved Participants’ compliance with the rules of the Bourse by executing the examinations program, using the pre-established tests;

• Assesses Approved Participants’ written policies and procedures to ensure they are properly documented and adhered to by the Approved Participant’s employees;

• Completes examination work by documenting the tests conducted and the resulting findings;

• Communicates examination progress and findings by providing status updates during meetings with Director, highlighting unresolved issues and reviewing executed work;

• Drafts reports describing observations made during the examination and issues recommendations for correcting the deficiencies raised within the prescribed timelines;

• Ensures that examination files include all relevant material used during the examination;

• Coordinates with Senior Examiners and Examiners to ensure the distribution and completion of tasks common to the service;

• Takes part in reviews of files and reports prepared by other examiners in the Division;

• Contributes at various stages of examination procedures;

• Acts as a resource person to other examiners, in any examination;

• Collaborates on any project related to examinations;

• Keeps the updated record of all examination files, taking into account applicable performance benchmarks;

• Follows the procedures and processes applicable to examinations and takes part in their potential improvement;

• As required, participates in regulatory amendment proposals initiated by the Division, mainly by carrying out analyses;

• Carries out all other related duties assigned by the immediate supervisor;

Must Have (s):

• Experience in examinations and/or compliance in the securities industry and, more specifically, in the field of derivatives compliance and/or trading, or with a member of a regulatory or self-regulatory organization (SRO) as examiner for this organization; and/or

• Experience in derivatives trading and back-office operations;

• University degree in finance, business administration, economics, mathematics, or a related field;

• Canadian Securities Course (CSC);

• Derivatives course(s), such as the DFOL - Derivatives Fundamentals and Options Licensing and/or training;

• Knowledge of the applicable regulatory framework;

• Excellent ability to communicate in both English and French;

• Excellent negotiation skills;

• Skills in formulating findings and recommending follow-up actions;

• Ability to make sound decisions, based on good judgement, analysis, and evidence; all of which are well documented;

• Organizational skills and priority management;

• Attention to detail;

• Ability to write documents that are simple, clear, concise and logical;

• Tact and diplomacy;

• Discretion;

• Autonomy;

• Team spirit and positive contributor to team morale;

• Demonstrate strong teamwork, working collaboratively with a team of diverse professionals;

• Receptive to constructive feedback for professional development and growth.

Nice to have:

• CFA or other professional designation; 

• Experience analyzing statistical data;

• Knowledge of and experience with market oversight systems.

In the market for…

Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.

Connection - With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.

Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy.

Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived! 

Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.

Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ? Apply now.

TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.