Wealthsimple

Senior Associate, Derivatives Risk Remediation

Wealthsimple

full-time

Posted on:

Location Type: Remote

Location: Canada

Visit company website

Explore more

✨ AI Apply
Apply

Job Level

Senior

About the role

  • Execute position closures and account restrictions based on stress testing metrics to maintain exposure within guidelines
  • Remediate uncovered options and short equity positions while monitoring accounts for unauthorized option strategies
  • Monitor expiration and early assignment risk, serving as backup to automated remediation tools
  • Coordinate with cross-functional teams on post-expiration assignments and execute liquidations of assigned short positions
  • Execute policies set by brokerage stakeholders and provide technical guidance on margin requirements and remediation actions
  • Prepare memos and presentations for senior stakeholders as needed
  • Identify policy gaps, train new associates, and establish/track SLAs for risk remediation activities
  • Support margin operations cross-functionally as required
  • Ad-hoc tasks and responsibilities as the team evolves

Requirements

  • Canadian Securities Course (CSC)
  • Conduct Product Handbook (CPH)
  • Derivatives Fundamentals and Options Licensing Course (DFOL)
Benefits
  • Competitive salary with top-tier health benefits and life insurance
  • Retirement savings matching plan using Wealthsimple for Business
  • 20 vacation days per year and unlimited sick and mental health days
  • Up to $1,500 per year towards wellness and professional development budgets respectively
  • 90 days away program: Employees can work internationally in eligible countries for up to 90 days per calendar year
  • A wide variety of peer and company-led Employee Resource Groups (ie. Rainbow, Women of Wealthsimple, Black @ WS)
  • Allocated number of Wellness Days that can be scheduled over the course of the year!

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
stress testing metricsoptions strategiesmargin requirementsrisk remediationliquidationsaccount restrictionspolicy executiontechnical guidance
Soft skills
communicationcoordinationtrainingpresentationstakeholder engagement
Certifications
Canadian Securities Course (CSC)Conduct Product Handbook (CPH)Derivatives Fundamentals and Options Licensing Course (DFOL)