Risk & Compliance Associate

Job Order ID:6818
Employment Type:Yearly Salary
Web Publication Date:4/18/2022
Number of Positions:1
Job Location:Toronto
Job Function:

Our employer is looking to hire a Risk & Compliance Associate.

Primary Responsibilities:


  • Maintaining compliance programs, including the Compliance Calendar
  • Supporting the client service associates in their day-to-day activity related to risk and compliance, including reviewing client KYC files, reviewing subscription documents for accuracy and suitability, and responding to operational team members' relevant compliance questions in a timely manner
  • Supporting the Firm's proprietary fund-of-funds' compliance requirements (i.e., filings, reviewing investments, subscriptions, etc.)
  • Acting as the operations team's compliance resource with respect to their interactions with clients, internal team members and outside vendors when necessary
  • Leading preparation efforts for compliance and regulatory audits
  • Facilitating Compliance and risk-based learning across the organization, including ongoing conversations to raise questions and concerns
  • Coordinating ongoing updates to all policy and procedure manuals and ensuring appropriate distribution to and attestation by all staff
  • Providing oversight and strategic guidance in identifying, managing, and mitigating risks
  • Participating in industry committees and forums to share knowledge and best practices in the space
  • Assisting with investigations into wrongdoing and violations of regulatory/legal requirements
  • Analyzing internal processes to ensure compliance with firm policies and industry regulations
  • Developing risk management strategies
  • Designing control systems to address cases of violation of internal business policies
  • Designing ongoing training programs for the team
  • Acting as secretary for the Risk & Compliance Committee

Job Requirement:

Key Attributes:


  • Excellent communication and presentation skills, with the ability to articulate complex problems and solutions through concise and clear messaging
  • Strong attention to detail with ability to synthesize details into the larger picture
  • Creative mind with strong problem-solving skills
  • Embody the Prime Quadrant values (Purposeful, Authentic, Tenacious and Humble)
  • 2-3 years experience in a Compliance position for a Canadian asset manager or smaller financial services firm (fund manager compliance experience an asset)
  • Knowledge of Canadian regulatory requirements and industry standards (experience with US and other foreign jurisdictions a plus)
  • Experience in managing relationships with securities regulators
  • Knowledge of alternative assets is desirable
  • Operational risk experience preferred