Finance Manager - Canada

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.

• 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.