Fractional CFO

Your Role:

We are seeking an experienced and highly skilled Part-Time Chief Financial Officer (CFO) to play a foundational role in the creation and registration of a new CIRO Dealer Member acting as a registered introducing/carrying investment dealer. Upon membership approval, the role could move into a full-time position.  This part-time position is critical to the firm’s application process with regulatory authorities and will help establish the financial framework needed for success. The CFO will work closely with the President/CEO to build out the team, policies, and procedures required to operate the investment dealer and ensure full compliance with financial regulatory requirements. You will be accountable for monitoring the Firm’s adherence to the financial requirements of the firm’s key regulator, the Canadian Investment Regulatory Organization (CIRO), as it relates to the adequacy of the Firm’s Capital position, and the preparation of the related financial regulatory files including the monthly financial reports, and the audited regulatory financial questionnaire, report Form 1 and annual (audited and unaudited) financial statements.  You will provide effective leadership and oversight of all aspects of the Firm’s audited regulatory and statutory financial reporting preparation and tax-related filings, and audits, ensuring the accuracy and integrity of the financial results.  You will work closely with the parent company’s CFO and Comptroller as needed to ensure alignment with all affiliated entities.  

What You’ll Be Doing (Key Responsibilities):

• Broker-Dealer Application: Lead financial efforts for the firm’s CIRO Investment Dealer application, ensuring all regulatory financial requirements are met.
• Daily Responsibilities: Safeguard assets and reputation by ensuring control mechanisms are in place to identify and mitigate risk, including through frequent monitoring of capital and relevant limits; and reconciliation of the Firm’s bank accounts, management of fund disbursements, etc.
• Financial Regulatory Management: Ensure the integrity and timely filing of monthly and annual financial information, both regulatory and statutory, and comply with the continuous disclosure requirements of various regulatory bodies.
• Regulatory Engagement: Manage communications with CIRO, OSC, and other regulators, including financial notifications, and handling day-to-day interactions.
• Policy Development: Create policies and procedures to ensure the business is properly supervised and managed.  Maintain a complete record of all documentation as prescribed by regulation, and update as needed based upon business and regulatory changes.
• Training Deployment: Oversee training programs for employees, ensuring they are well-informed of financial regulatory obligations.
• Reporting and Escalation: Provide regular updates to senior management regarding financial activities, risks, and incidents. Escalate material issues appropriately.
• Team Building: Partner with the President/CEO to recruit and develop a high-performing team.
• Strategic Leadership: Manage and develop global relationships with key stakeholders to ensure a consistent and integrated financial approach.
• Projects: Collaborate and support the firm’s teams to integrate new initiatives, financial regulatory obligations, and any other assignments as assigned by the President/CEO.  

What We Look For in You (Job Requirements):

• Minimum 5+ years of financial experience, including senior leadership roles.
• Completion of the CSI Chief Financial Officer Qualifying Examination.
• Bachelor’s degree in finance, business, law, or equivalent work-related field (preferred).
• A strong understanding of Financial Accounting and CRA Tax Requirements is expected.
• Proven experience dealing with the Canadian Investment Regulatory Organization (CIRO) and/or the Ontario Securities Commission. Experience with Risk Adjusted Capital calculations and CIRO’s Early Warning Capital Rules.
• Technical skills and knowledge of trade life cycle with a focus on monitoring of the settlement of trades and managing the implementation of a carrying broker platform to ensure proper GL setups and reports are in place. 
• Must have the ability to manage banking operations, have an awareness of items that can impact the Firm’s regulatory capital,
• Strong track record of developing and administering internal controls, with the ability to manage audits and exams independently.
• Experience collaborating with remote, global teams to achieve financial objectives.

• Strong written and verbal communication skills for effectively engaging diverse stakeholders.
• Requires strategic thinking, excellent analytical skills and decision-making abilities to navigate new and complex regulatory environments and proactively turn around solutions in a short period to meet deadlines.
• High ethical standards and a commitment to maintaining confidentiality.

Nice to Have:

• At least 5-10 years of experience in CIRO investment dealer operations, financial reporting, clearing, or a related field.
• Professional financial or related qualifications, and membership of a recognized professional body.