Counsel, Business Conduct Compliance

About Us As a self-regulatory organization, our mission is to promote healthy capital markets by regulating fairly and effectively so that investors are protected and confident investing in their futures. At the Canadian Investment Regulatory Organization (CIRO) [https://www.ciro.ca/about-ciro], we are committed to setting high regulatory standards for the investment industry, safeguarding investors, and supporting the integrity of Canada’s capital markets. Join a growing team and contribute to the dynamic and complex world of Canadian capital markets. About Business Conduct Compliance Business Conduct Compliance, BCC, conducts examinations of investment dealers and mutual fund dealers to assess whether firms have appropriate controls to supervise their business conduct activities. BCC also reviews firm compliance with CIRO’s investor protection, sales conduct, supervision, complaint handling, conflicts of interest, know-your-client, suitability, and related business conduct requirements. BCC plays an important role in identifying current and emerging risks across the investment industry and supporting consistent, practical, and risk-based supervisory approaches. About this Opportunity This is a unique opportunity to work at the intersection of securities regulation, innovation, dealer supervision, and investor protection. In this role, you will assess evolving business models, new technologies, digital engagement practices, artificial intelligence, crypto-related activities, order execution only platforms, prediction markets, social media, third-party technology arrangements, and other novel dealer practices. As Counsel, Business Conduct Compliance, you will help BCC understand these developments and evaluate how existing regulatory requirements apply in practice. Your analysis and recommendations will support effective supervision, investor protection, and consistent decision-making across BCC. You will help BCC assess emerging risks, support consistent examination approaches across firms and regions, and identify issues that may require escalation to Policy for further consideration, interpretation, guidance, or rule development. This role is embedded within BCC and is designed to provide practical regulatory support to examination teams, management, and internal stakeholders on complex and emerging business conduct issues. It will appeal to someone who enjoys working through regulatory questions where the answer is not always clear, connecting legal and policy concepts to real-world dealer practices, and developing practical recommendations that support consistent regulatory outcomes Core Responsibilities * Lead the assessment of complex and emerging dealer conduct issues, including new business models, technologies, products, partnerships, digital engagement practices, and other novel activities. * Analyze facts, applicable rules, guidance, and regulatory concepts to develop clear, practical recommendations for BCC management and examination teams. * Support consistent BCC approaches across firms, regions, and examination teams on emerging business conduct matters. * Identify issues that may require escalation to Policy for interpretation, guidance, or rule development. * Prepare briefing notes, issue summaries, decision-support materials, and practical guidance on complex or emerging regulatory issues. * Identify trends, recurring issues, and emerging risks across dealers, examinations, and business models. * Work closely with the BCC Senior Counsel to support alignment, knowledge transfer, and continuity of specialized regulatory expertise. * Support updates to examination approaches, findings language, procedures, tools, and training where new issues emerge. * Prepare and deliver presentations on emerging regulatory and business conduct topics for internal and external audiences. What You Bring Must-have * Law degree, legal training, or equivalent experience in securities regulation, dealer compliance, policy, or regulatory analysis or a related area. * Significant experience in private practice, in-house, regulatory, compliance, examination, or policy roles involving securities regulation or dealer conduct. * Strong knowledge of dealer operations, supervision, compliance, and the Canadian securities regulatory framework. * Demonstrated ability to analyze complex business models, regulatory issues, and fact patterns where formal rules, guidance, or precedents may be limited. * Excellent judgment, problem-solving, analytical, written, and verbal communication skills. * Ability to translate legal, policy, or regulatory issues into practical guidance for examination teams and management. * Ability to navigate escalations and high-risk matters in a regulatory environment. * Strong presentation skills and ability to explain complex topics clearly to different audiences. Nice-to-Have * Experience with emerging areas such as digital assets, artificial intelligence, OEO platforms, prediction markets, digital engagement practices, social media, or platform-based business models. * Experience preparing briefing notes, issue summaries, policy analysis, regulatory guidance, or decision-support materials. * Experience developing training, tools, procedures, or internal guidance for regulatory, compliance, or examination teams. * Knowledge of relevant foreign regulatory systems, regulators, rules, or legislation. We recognize that strong candidates may bring different combinations of legal, regulatory, compliance, policy, or industry experience. If your background gives you the ability to analyze complex securities regulatory issues and provide practical guidance, we encourage you to apply. What we offer: * Competitive base salary in alignment with market * Performance based bonus * * Hybrid work environment * Employer paid Health Benefits and Spending Account that offer flexibility to meet your individual or family needs as of day one * Defined Contribution Pension Plan with company matching that starts on your first day of employment * * Paid flex days and sick days * * Vacation days * Maternity Leave Of Absence/Paternity Leave Of Absence top up * * Paid continuous learning and continuing development including designations *Asterisked offerings are not applicable to contracts Why the Canadian Investment Regulatory Organization (CIRO): Our purpose and our impact: With offices across Canada - from Vancouver to Montreal, our mission is to promote healthy capital markets by regulating fairly and effectively so that investors are protected and confident investing in their futures. As regulators, we understand that we are all investors, and therefore a career with us is a purposeful career: protecting our future. Culture and Working Environment: Life at CIRO is purpose and performance- driven. We foster an inclusive culture where teamwork, a forward-thinking attitude, and integrity are at the core of everything we do. This creates an environment where employees thrive, grow, and are empowered to learn and contribute their best. Joining CIRO means becoming part of a dynamic and transparent organization that values accountability and is committed to maintaining the highest standards of regulatory oversight in the financial industry. Looking for a career where you can safeguard the integrity of Canadian markets? Join CIRO and be part of the team that secures our financial future. At CIRO, you’ll be part of an organization driven by Pride in Excellence, a strong Focus on Well‑being, and A Shared Purpose that connects our people to meaningful work. We’re committed to fostering an inclusive, supportive environment where you can grow and make an impact. Learn more about what it’s like to build your career at CIRO by exploring our Careers page: https://www.ciro.ca/about-ciro/careers [https://www.ciro.ca/about-ciro/careers] Our Commitment: CIRO is an equal opportunity employer and is committed to providing employment accommodation in accordance with the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act, 2005 (AODA). CIRO will provide accommodation to job applicants with disabilities throughout the recruitment process. Should you require accommodation, please contact Human Resources. We are committed to creating an inclusive and barrier-free recruitment and selection process across Canada. We welcome applications from all qualified individuals and are dedicated to providing accommodations upon request for candidates participating in all aspects of the recruitment process, in accordance with applicable human rights and accessibility legislation. Our Recruitment Process: * This posting reflects an active vacancy on our team * We use automated (AI) tools to assist with candidate sourcing and communications. Applications are reviewed by our hiring team and hiring decisions are made by people. * This role has a hiring range of $124,000 - $152,000 with the placement and offered salary being based on knowledge, skills, education/training and experience, as well as external market conditions and internal equity. While we appreciate receiving applications, only those applicants who closely meet the position requirements will be contacted. #LI-HYBRID #Hiring

Lead the assessment of complex and emerging dealer conduct issues, including new business models, technologies, and novel activities. Develop clear, practical recommendations for management and examination teams while supporting consistent regulatory approaches.

Requires a law degree or equivalent experience in securities regulation, dealer compliance, or policy roles. Candidates must possess strong knowledge of dealer operations and the ability to analyze complex regulatory issues.

• Performance based bonus • Hybrid work environment • Employer paid Health Benefits • Spending Account • Defined Contribution Pension Plan • Paid flex days • Sick days • Vacation days • Maternity Leave top up • Paternity Leave top up • Paid continuous learning

• written communicationPreferred
• Problem solvingPreferred
• Policy developmentPreferred
• SupervisionPreferred
• Stakeholder ManagementPreferred

Identified from the job description. Confirm important requirements above.

• Securities regulation
• Dealer compliance
• Regulatory analysis
• Risk assessment
• Policy development
• Legal analysis
• Supervision
• Compliance monitoring
• Stakeholder management
• Problem-solving
• Written communication
• Verbal communication
• Presentation skills
• Strategic thinking
• Analytical skills
• Continuous Development
• Emerging Risk
• Regulatory Oversight
• Regulatory Environment
• Accountability
• Talent Sourcing
• Knowledge Transfer
• Conflict Handling
• Artificial Intelligence
• Management
• Investments
• Capital Markets
• Decision Making
• Communication
• Regulatory Compliance
• Decision Support Systems
• Digital Assets
• Equities
• Sales
• Financial Services
• Forecasting
• Innovation
• Problem Solving
• Legislation
• Mutual Funds
• Operations
• Policy Analysis
• Presentations
• Regulatory Requirements
• Securities Regulation
• Verbal Communication Skills
• Securities (Finance)
• Teamwork

• Legal
• Finance & Accounting
• Government & Public Sector
• Consulting
• Compliance Counsel
• Compliance Officer / Analyst
• Legal and Related Associate Professionals
• Compliance Officers

Minimum education

Bachelor’s degree

Minimum experience

5+ years

Posting language

English

Working hours

35 hours per week