Manager, Collateral Management

Build something people love

Wealthsimple is Canada’s leading financial innovator. The company offers a full suite of simple, sophisticated financial products across managed investing, do-it-yourself trading, cryptocurrency, tax filing, spending and saving. Wealthsimple currently serves more than 4 million Canadians and holds over $169 billion in assets under administration. The company was founded in 2014 by a team of financial experts and technology entrepreneurs, and is headquartered in Toronto, Canada.

We're proud of what we've built - and we're just getting started. Read our Culture Manual and learn more about how we work.

About the role

As the Manager, Collateral Management, you will report to the Senior Manager of Cash & Collateral Management and will be responsible for collaborating with a number of stakeholders to further build out our collateral management capabilities for existing products, as well as prepare for new product launches. You will lead the day-to-day collateral processes, design and implement collateral transformations for optimization, and manage key counterparty relationships.

This role presents a unique opportunity for you to make a significant impact on Wealthsimple's financial operations, contribute to our growth and success, and leverage your expertise in a dynamic and rapidly evolving industry. We manage billions of dollars, so the stakes are high. At Wealthsimple, we are maker-owners, we believe that simple is better, and we do what's right for each client.

In this role, you will:

• Manage day-to-day collateral processes with a focus on meeting daily collateral calls and supporting treasury money movements that power our products.

• Oversee and implement robust risk mitigation strategies for the team, balancing speed with the need for adequate controls.

• Manage our collateral sources and uses; contribute to the implementation of an optimization engine.

• Design and implement collateral management procedures for new products and initiatives.

• Work with stakeholders to forecast and anticipate growth in collateral requirements, and develop a playbook to operationalize this.

• Maintain and build strong relationships with counterparties, acting as a key contact for middle and back-office functions.

• Problem-solve and collaborate with multiple stakeholders - including Product, Engineering, Trading, Treasury, and Finance - to support the launch and scale of new products.

• Build processes, establish metrics, and stand up a structure that provides visibility into holistic collateral needs across the brokerage.

• Ensure compliance with all IIROC, GMSLA, and other regulatory requirements.

Skills we’re looking for:

• Experience: 5+ years of experience in a collateral management, treasury operations, or securities finance role. Direct experience working with Clearing House collateral (OCC/CME/CDCC). Experience implementing a Collateral Management System is a strong asset.

• Problem Solving: You proactively identify issues impacting the team and lead the development of well-supported solutions. You enjoy navigating uncertainty and bringing clarity to ambiguity.

• Data & Analytics: A history of using data to answer complex problems and inform decisions. SQL and financial modeling skills are an asset.

• Organization & Planning: You plan, organize, and schedule efficiently. You are effective at prioritizing for the team, balancing day-to-day execution with project work.

• Collaboration: Excellent interpersonal skills and a willingness to work in collaboration with various team members, with a track record of contributing to cross-functional projects.

• Strong Written & Verbal Communication: You speak plainly and truthfully. You can communicate complex ideas in a simple and easy-to-understand way for any audience.

• Proactive & Action-Oriented: You act without being told what to do, take full ownership of your work, and proactively seek help and input when needed.

• High-Level Judgment: You exercise strong judgment in complex situations, making informed decisions and anticipating potential consequences for your projects.

• Honesty/Integrity: doesn't cut corners; does what is right, not what is politically expedient.

Why Wealthsimple?

🌸 Top-tier health benefits and life insurance

📈 Long-term group savings with employer match, through Wealthsimple for Business

🌴 20 vacation days, 4 wellness days, and unlimited sick and mental health days per year*

✈️ 90 days away: work outside Canada for up to 90 days per year*

👥 Employee resource groups, including Rainbow (2SLGBTQ), Women of WS, and Black at WS

🌎 We are a hybrid team with over 1,500 employees across North America. The people are one of the best parts of working here: you'll collaborate with incredibly talented, curious, and driven teammates who are deeply committed to doing great work.

*Unlimited paid sick days, Wellness Days and the 90 day away program do not apply to certain roles.

ICYMI

Technology & Innovation at Wealthsimple: We move quickly and build thoughtfully. That means we're always looking for better ways to work - whether that's new tools, AI, or rethinking how we approach a problem. We don't expect you to have all the answers, but we do expect curiosity and a willingness to evolve alongside the products we're building.

Inclusion Statement: We're building products for a diverse world, and we need a diverse team to do it well. We strongly encourage applications from everyone, regardless of race, religion, colour, national origin, gender, sexual orientation, age, marital status, or disability status.

Accessibility Statement: We're committed to an accessible hiring experience. If you need any accommodations throughout the interview process, please let us know - we'll work with you to make sure you have what you need. We also welcome any feedback on how we can better accommodate candidates with accessibility needs.

AI in Hiring: We may use artificial intelligence (AI) tools to support parts of our hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our team but don't replace human judgment – all final hiring decisions are made by people. If you have questions about how your data is used, reach out to us.