Who you are

• Bachelor’s degree in Accounting or Finance; CPA designation is preferred
• Familiarity with CIRO (formerly IIROC) reporting requirements; Form 1/MFR experience is a strong asset
• 5-7 years of relevant experience in a finance or financial operations role within a carrying broker-dealer or other financial institution in Canada
• Excellent data analysis and reporting skills
• Strong attention to detail, accuracy, and reliability, with the ability to thrive in a fast-paced environment
• Must possess the ability to adapt to a changing business and regulatory environment
• Team-oriented with a desire to help and support other team members
• Enjoys challenges and taking ownership of new responsibilities
• Nice to have: Investment Representative (IR) registration with CIRO, or a willingness to obtain

What the job involves

• This is an opportunity to join a Fintech startup at an exciting time and become a core influencer in the company as we launch our Canadian Broker-Dealer
• The Controller, Financial Operations (Canada) is a key role in the finance team, responsible for overseeing the company’s financial and operational compliance with Canadian brokerage regulations
• You will be responsible for the daily financial operations, regulatory reporting, and internal controls for the Canadian entity
• Financial Oversight and Reporting:
• Oversee and own the preparation and filing of the monthly MFR (Monthly Financial Report) and support the bridge from internal reporting to the General Ledger and Form 1
• Conduct analysis on fails, inventory, client receivables/deficiencies, borrow fees, and FX P&L
• Lead the preparation of IFRS financial statements and notes for quarterly and annual reporting
• Manage GST/HST/QST filings and intercompany accruals, invoices, and netting
• Ensure adherence to CIRO rules on margin, client positions, and financing arrangements, including securities borrowing/lending
• Daily Operations and Control:
• Manage daily reconciliations (trust accounts, bank reconciliations, custody statements, client ledgers) and ensure exceptions are resolved promptly
• Ensure daily reconciliations to CDS/DTCC statements and ensure proper segregation of client assets
• Partner with operations to review fails, settlements, and custody reconciliations, escalating issues as needed
• Ensure appropriate escalation and approvals for unsettled client trades and pre-borrow activities
• Provide dual-control approvals on trust and operational cash and securities movements
• Maintain and manage the incident log for trust breaks, settlement breaks, and PAD spikes, ensuring issues are tracked and addressed in a timely manner
• Risk Management and Compliance:
• Prepare and review the weekly RAC report. Lead the Form 1 audit process and coordinate with external auditors
• Support periodic capital stress testing and contribute to vendor oversight, including SOC reports
• Ensure compliance with all applicable Canadian securities regulations
• Ensure compliance with segregation of client securities and free credit balances, in accordance with CIRO Rules
• Provide oversight of liquidity risk management, including daily capital utilization and funding requirements

Benefits

• Competitive Salary & Stock Options
• Benefits: Health benefits start on day 1. In the US this includes Medical, Dental, Vision. In Canada, this includes supplemental health care. Internationally, this includes a stipend value to offset medical costs
• New Hire Home-Office Setup: One-time USD $500
• Monthly Stipend: USD $150 per month via a Brex Card
• Work with awesome people, clients and partners from around the world