Minimum of 5 years experience in collateral management, treasury operations, or securities finance., Hands-on experience working with Clearing House collateral such as OCC, CME, or CDCC., Experience implementing collateral management systems is highly desirable., Strong problem-solving skills with the ability to navigate ambiguity..
Key responsibilities:
Manage daily collateral processes, including collateral calls and treasury money movements.
Design and implement collateral procedures for new products and initiatives.
Collaborate with stakeholders to forecast collateral needs and develop operational playbooks.
Maintain relationships with counterparties and support cross-functional teams in product launches.
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Wealthsimple is on a mission to help everyone achieve financial freedom by reimagining what it means to manage your money. Using smart technology, we take financial services that are often confusing, opaque and expensive and make them transparent and lowcost for everyone. We’re the largest fintech company in Canada, with over 4 million users who trust us with more than $70 billion in assets.
Our teams ship often and make an impact with groundbreaking ideas. Were looking for talented people who keep it simple and value collaboration and humility as we continue to create inclusive and highperforming teams where people can be inspired to do their best work.
As the Manager, Collateral Management, you will report to the Senior Manager of Cash & Collateral Management and will be responsible for collaborating with a number of stakeholders to further build out our collateral management capabilities for existing products, as well as prepare for new product launches. You will lead the daytoday collateral processes, design and implement collateral transformations for optimization, and manage key counterparty relationships.
This role presents a unique opportunity for you to make a significant impact on Wealthsimples financial operations, contribute to our growth and success, and leverage your expertise in a dynamic and rapidly evolving industry. We manage billions of dollars, so the stakes are high. At Wealthsimple, we are makerowners, we believe that simple is better, and we do whats right for each client.
In this role youll have the opportunity to
Manage daytoday collateral processes with a focus on meeting daily collateral calls and supporting treasury money movements that power our products.
Oversee and implement robust risk mitigation strategies for the team, balancing speed with the need for adequate controls.
Manage our collateral sources and uses; contribute to the implementation of an optimization engine.
Design and implement collateral management procedures for new products and initiatives.
Work with stakeholders to forecast and anticipate growth in collateral requirements, and develop a playbook to operationalize this.
Maintain and build strong relationships with counterparties, acting as a key contact for middle and backoffice functions.
Problemsolve and collaborate with multiple stakeholders—including Product, Engineering, Trading, Treasury, and Finance—to support the launch and scale of new products.
Build processes, establish metrics, and stand up a structure that provides visibility into holistic collateral needs across the brokerage.
Ensure compliance with all IIROC, GMSLA, and other regulatory requirements.
What youll bring
Experience: 5+ years of experience in a collateral management, treasury operations, or securities finance role. Direct experience working with Clearing House collateral (OCCCMECDCC). Experience implementing a Collateral Management System is a strong asset.
Problem Solving: You proactively identify issues impacting the team and lead the development of wellsupported solutions. You enjoy navigating uncertainty and bringing clarity to ambiguity.
Data & Analytics: A history of using data to answer complex problems and inform decisions. SQL and financial modeling skills are an asset.
Organization & Planning: You plan, organize, and schedule efficiently. You are effective at prioritizing for the team, balancing daytoday execution with project work.
Collaboration: Excellent interpersonal skills and a willingness to work in collaboration with various team members, with a track record of contributing to crossfunctional projects.
Strong Written & Verbal Communication: You speak plainly and truthfully. You can communicate complex ideas in a simple and easytounderstand way for any audience.
Proactive & ActionOriented: You act without being told what to do, take full ownership of your work, and proactively seek help and input when needed.
HighLevel Judgment: You exercise strong judgment in complex situations, making informed decisions and anticipating potential consequences for your projects.
HonestyIntegrity: doesnt cut corners; does what is right, not what is politically expedient.
Why Wealthsimple?
🤑 Competitive salary with toptier 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 companyled Employee Resource Groups (ie. Rainbow, Women of Wealthsimple, Black @ WS)
💖 Companywide wellness days off scheduled throughout the year
We’re a remotefirst team, with over 1,000 employees coast to coast in North America. Be a part of our Canadian success story and help shape the financial future of millions — join us!