Senior Associate, Derivatives Risk Remediation

Your career is an investment that grows over time!
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 low-cost for everyone. We’re the largest fintech company in Canada, with over 3+ million users who trust us with more than $100 billion in assets.
Our teams ship often and make an impact with groundbreaking ideas. We're looking for talented people who keep it simple and value collaboration and humility as we continue to create inclusive and high-performing teams where people can be inspired to do their best work.
About the Team
The Brokerage Risk Operations team monitors and remediates market and credit risks in client self-directed accounts on a daily basis, responding to changing market conditions. The team also oversees non-margin delinquent accounts, ensuring positions with cash debit balances are closed promptly, and cross-account offsets are executed before transferring accounts to collections.
We are seeking a Senior Associate Derivative Risk Remediation to support day-to-day functions within Brokerage Risk Operations. This role involves executing risk remediation activities for complex trading products, including margin lending and various complex option derivative strategies (e.g., covered calls, secured puts, spreads, and naked strategy), in accordance with established policies. As our business expands into additional complex derivatives, the team is expected to grow to maintain comprehensive risk coverage. Ultimately, the successful candidate will serve as the execution arm for policies set by cross-functional brokerage stakeholders.
Please note - These certifications are a must have requirement:-Canadian Securities Course (CSC)-Conduct Product Handbook (CPH)-Derivatives Fundamentals and Options Licensing Course (DFOL)

Key Responsibilities:

• 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

Required Certifications:

• Canadian Securities Course (CSC)
• Conduct Product Handbook (CPH)
• Derivatives Fundamentals and Options Licensing Course (DFOL)

Nice to Have Certifications:

• Futures Licensing Course (FLC)
• Investment Dealer Supervisor Course (IDSC)
• Options Supervisors Course (OPSC)
• Canadian Commodity Supervisors Exam (CCSE)

Why Wealthsimple?🤑 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!
We’re a remote-first 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!
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Technology & Innovation at WealthsimpleWe believe the future belongs to those who innovate boldly. At Wealthsimple, every team member is expected to lean into new technologies, including AI, and tooling to rethink how we work, solve problems faster, and create even greater value. We're