Job information Branch Manager for Financial Services Firm from the Company Carte Wealth Management Inc., this latest Branch Manager for Financial Services Firm job vacancy is located in the city Hybrid remote in Mississauga, ON. This latest job opening is open to job seekers who have the latest education / graduate . Job Vacancies in this Finance field have been opened and published up to the specified time.
Job Responsibility:
Job Description:
At Carte Wealth Management Inc. (Carte), we strive to provide the ultimate advisor experience. This vision pushes us to provide the best service, support, and resources to our advisors, so they can focus on growing their business. We carry this vision throughout all departments within the Carte to ensure consistency in what drives us. Our Branch Managers (BMs) are vital to this vision as they work directly with our advisors and review all applications submitted. The primary function of a BM is to provide Tier 1 supervision of all registered Mutual Fund advisors contracted under Carte Wealth Management Inc. This role reports directly to the Chief Compliance Officer and is responsible for providing both Compliance and SRO rule interpretive advice to advisors on a routine basis. This position is responsible for enforcing MFDA supervision.
Main objectives of the Branch Manager’s role:
- To work collectively with other BMs in Carte Wealth Management to ensure all applications and trades received are submitted accurately and in a timely manner. All applications received at CWM must be reviewed and submitted for processing within 24 hours.
- To prioritize and follow up with an adequate sense of urgency on NIGO’s to ensure a fast resolution.
- To ensure a positive and constructive communication with Advisors to support growing their business.
Workplace Model:
- Hybrid – BMs are required to work from the office two (2) days per week; for the remaining days, the BM has a choice to work remotely or from the office.
- Work hours are Monday-Friday: 8:30am-5:00pm
- Working outside regular business hours may be required for this role
Supervision Received:
- Supervision is provided by the Chief Compliance Officer.
Supervision Exercised:
- Assistant Branch Managers reports to this position.
Duties and Responsibilities:
- Responsible for Tier 1 supervision; review transactions, account openings, etc. on a daily basis with minimal supervision;
- Identify and report any unusual or unsuitable activity;
- Identify patterns and trends in advisor behavior and address identified risks accordingly;
- Issue formal supervisory inquiries;
- Track progress and results of all inquiries until resolution;
- Provide support and training to mutual fund representatives;
- Assist with investigations related to complaints, reports, investigations, regulatory inquiries, etc.;
- Assist in the development, maintenance and implementation of policies and procedures;
- Identify and escalate any areas of non-compliance;
- Build on the strength of the compliance team by actively participating in team meetings, contributing toward team goals and participating on projects;
- Monitoring suitability at the client level and ensuring that documents are compete and accurate;
- Ensure that representatives process trades within 24 hours of client’s authorization;
- Ensuring that any trades done on behalf of the client by the representative are in the client’s best interest;
- Ensure that representatives are not selling product options they are not licensed for;
- Ensure that representatives are not churning trades to drive commission;
- Supports close supervision reporting by providing reports to the Chief Compliance Officer;
- Providing guidance to representatives regarding industry processes and VieFUND use;
- Training new staff members (including but not limited to: Administration roles, AssistantBMs, and new-hire BMs);
- Attend seminars and training sessions to ensure product and industry knowledge is relevant and accurate.
Skills and Qualifications
- College or University degree in related field (i.e. economics, finance, or related)
- Current Branch Manager Qualification
- Minimum 2 years of related industry experience
- Ability to work well under pressure in a fast-paced environment
- Ability to communicate to advisors regarding concerns or application errors
- Professional background in the financial services industry, preferably an MFDA dealer (minimum 2-3 years in a compliance or branch supervisory role)
- Must meet the regulatory proficiencies and experience requirements of a mutual fund BM, as mandated by the MFDA
- Ability to multi-task in a high-pressure environment, sound time management skills, exceptional organizational skills, and attention to details is critical
- Ongoing commitment and dedication to continuous learning and development in investment industry, compliance, and operations knowledge
- Strong communication skills (interpersonal, written, negotiations, influence, etc.)
- Intermediate understanding of Microsoft Office suite of programs, with the technical ability and confidence to quickly master
- Demonstrate leadership and initiative in keeping up to date with regulatory changes and industry knowledge.
Job Type: Full-time
Salary: $68,500.00-$75,000.00 per year
Benefits:
- Casual dress
- Company events
- Dental care
- Disability insurance
- Employee assistance program
- Extended health care
- On-site parking
- Paid time off
- Tuition reimbursement
- Vision care
- Wellness program
- Work from home
Schedule:
Ability to commute/relocate:
- Mississauga, ON L4W 5L6: reliably commute or plan to relocate before starting work (required)
Experience:
- Branch Manager: 2 years (required)
Language:
Licence/Certification:
- Branch Manager Designation – Financial Services (required)
- CSC (Canadian Securities Commisssion) (required)
Work Location: Hybrid remote in Mississauga, ON L4W 5L6
