Job Description

Position Title: Surveillance Officer

Department: Market Surveillance

Location: Toronto

Employment Type: Regular

Working Arrangement: Full-time (Hybrid)

About Us

As a self-regulatory organization, our mission is to promote healthy capital markets by regulating fairly and effectively so that investors are protected and confident investing in their futures. At the Canadian Investment Regulatory Organization (CIRO), we are committed to setting high regulatory standards for the investment industry, safeguarding investors, and supporting the integrity of Canada’s capital markets. Join a growing team and contribute to the dynamic and complex world of Canadian capital markets.

About this Opportunity

The Surveillance Officer provides real-time market surveillance in order to ensure the market integrity of the Canadian marketplace; and executes the timely disclosure policies of Canadian exchanges to ensure all investors are trading with equal access to information.

Core Responsibilities:

• Communicate daily with dealers, issuers and marketplaces on a variety of topics that include market manipulation reviews, issuer timely disclosure, marketplace disruption,

• Serve as a backup for conducting cross-assets (Equities, Derivatives, Bonds) to identify potential violations of UMIR or Canadian securities laws. This includes compiling relevant evidence and performing detailed trading analysis.

• Immediate review of Listed Issuer Press Releases to assess materiality, balance and appropriateness in light of relevant exchange rules and securities legislation

• Decide when it is necessary to halt trading to ensure full & fair dissemination of news.

• Monitor trading activity to ensure dealer compliance with Universal Market Integrity Rules (UMIR) using real-time surveillance systems as well as analysis of historical activity.

• Analyze trading patterns to identify breaches of the trading rules, including illegal insider trading.

• Assist marketplaces with certain market quality issues

• Provide assistance in developing new detection tools and responding to evolving trading patterns and exchange facilities.

• Stay up to date on industry trends through education sessions and industry seminars

What You Bring

Must-haves

• Post-secondary degree

• 5/10 years of trading/compliance experience

• Strong expertise in derivatives and comprehensive knowledge of their trading practices.

• Completion of the Canadian Securities and Trader Training courses

• Completion of the Derivatives Fundamentals course would be an asset

Nice to Haves

• In depth knowledge and understanding of UMIR, and marketplace rules

• Deep understanding of the securities industry, and trading practices

• Familiarity with various asset classes (derivatives, fixed income, repos and FX) would be an asset

• Must Have confidence and experience working with large data sets, using business tools,

• Thorough understanding of CIRO policies and procedures in order to ensure market integrity of the Canadian marketplace

• Strong interpersonal and communication skills

• Ability to work under pressure

• Excellent organizational and analytical skills

• Knowledge of Securities Legislation

• Good understanding of the various departments in CIRO to be able to efficiently source information and advice

• Ability to work independently and in a team environment

• Detail oriented

• Familiarity with market structure issues would be an asset

What we offer:

• Competitive total rewards program including performance-based bonus *

• Hybrid work environment

• Employer paid Health Benefits and Spending Account that offer flexibility to meet your individual or family needs as of day one*

• Defined Contribution Pension Plan with company matching that starts on your first day of employment*

• Paid flex days and wellness days*

• Maternity and Parental Leave top up *

• Paid continuous learning and continuing development including designations*

• *Asterisked offerings are not applicable to contracts

Why the Canadian Investment Regulatory Organization (CIRO):

Culture and Working Environment:

Life at CIRO is purpose and performance - driven. We foster an inclusive culture where teamwork, a forward-thinking attitude, and integrity are at the core of everything we do. This creates an environment where employees thrive, grow, and are empowered to learn and contribute their best. 

Joining CIRO means becoming part of a dynamic and transparent organization that values accountability and is committed to maintaining the highest standards of regulatory oversight in the financial industry. 

Our Commitment

CIRO is an equal opportunity employer and is committed to providing employment accommodation in accordance with the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act, 2005 (AODA). CIRO will provide accommodation to job applicants with disabilities throughout the recruitment process. Should you require accommodation, please contact Human Resources.  

We are committed to creating an inclusive and barrier-free recruitment and selection process across Canada. We welcome applications from all qualified individuals and are dedicated to providing accommodations upon request for candidates participating in all aspects of the recruitment process, in accordance with applicable human rights and accessibility legislation.

Our Recruitment Process

• This posting reflects an active vacancy on our team

• We use automated (AI) tools to assist with candidate sourcing and communications. Applications are reviewed by our hiring team and hiring decisions are made by people.

• This role has a hiring range of $85,000-$95,000 with the placement and offered salary being based on knowledge, skills, education/training and experience, as well as external market conditions and internal equity.

While we appreciate receiving applications, only those applicants who closely meet the position requirements will be contacted. #LI-HYBRID #hiring