The Compliance Manager, Mutual Funds is responsible for overseeing and enhancing the compliance framework for the our client's mutual fund business line at one of the Big 5 banks. This role ensures adherence to applicable securities regulations, industry standards, and internal policies while supporting business growth and maintaining a strong culture of compliance. The successful candidate will provide regulatory guidance, monitor compliance risks, and collaborate with stakeholders across investments, operations, distribution, product, legal, and risk management teams.

Key Responsibilities

Regulatory Compliance & Oversight

- Monitor and interpret regulatory requirements from securities regulators, self-regulatory organizations, and industry bodies.
- Ensure compliance with mutual fund regulations, disclosure requirements, sales practices, and investor protection standards.
- Conduct ongoing reviews and testing of compliance controls, policies, and procedures.
- Maintain and enhance the compliance monitoring program for mutual fund operations and distribution activities.
- Provide advice and guidance on regulatory matters affecting mutual fund products and services.

Risk Management

- Identify, assess, and mitigate compliance risks associated with mutual fund products, transactions, and business activities.
- Investigate compliance issues, regulatory breaches, and client complaints, recommending corrective action where necessary.
- Develop and track remediation plans to address compliance deficiencies.

Policy & Procedure Management

- Draft, implement, and update compliance policies, procedures, and controls.
- Ensure policies remain aligned with changing regulatory requirements and industry best practices.
- Support annual compliance risk assessments and policy reviews.





Regulatory Reporting & Examinations

- Coordinate regulatory filings, certifications, and reporting obligations.
- Act as a key contact during regulatory examinations, audits, and internal reviews.
- Prepare compliance reports and presentations for senior management and governance committees.

Training & Advisory

- Develop and deliver compliance training programs to employees and stakeholders.
- Promote awareness of regulatory requirements and ethical business conduct.
- Provide day-to-day compliance support to business units on recent initiatives, products, and operational changes.

Stakeholder Management

- Partner with Legal, Risk, Operations, Product Management, and Distribution teams to ensure compliance requirements are integrated into business processes.
- Support product launches, fund changes, and strategic initiatives from a regulatory perspective.
- Build strong relationships with regulators, auditors, and external compliance partners as required.

Qualifications

Education

- Bachelor's degree in Business, Finance, Accounting, Economics, Law, or a related field.
- Professional designation such as CSC, CIM, CFA, CPA, or Compliance-related certification is preferred.

Experience

- 5+ years of compliance, regulatory, risk management, or governance experience within the financial services industry.
- Familiarity with CIRO
- Direct experience supporting mutual funds, investment funds,



asset management, or wealth management businesses.
- Strong knowledge of securities regulations and investment fund compliance requirements.
- Experience working with regulatory examinations, audits, and compliance monitoring programs.

Skills & Competencies

- Strong understanding of mutual fund operations and regulatory requirements.
- Excellent analytical and problem-solving abilities.
- Strong investigative and risk assessment skills.
- Exceptional written and verbal communication skills.
- Ability to influence and collaborate with stakeholders at all levels.
- Strong organizational and project management capabilities.
- High degree of integrity, professionalism, and attention to detail.

Key Performance Indicators (KPIs)

- Regulatory compliance and audit outcomes.
- Timely completion of compliance reviews and monitoring activities.
- Effectiveness of compliance training programs.
- Reduction in compliance incidents and regulatory findings.
- Timely implementation of corrective actions and remediation plans.
- Quality and accuracy of regulatory reporting.

Preferred Experience

- Experience with mutual fund manufacturers, investment fund managers, asset managers, dealers, or wealth management firms.
- Familiarity with anti-money laundering (AML), privacy, and conduct risk frameworks.
- Experience supporting fund governance, disclosure documentation, and regulatory reporting.

Pay: $85.00 per hour

Expected hours: 40.0 per week

Ability to commute/relocate:

- Toronto, ON: reliably commute or plan to relocate before starting work (required)

Experience:

- mutual funds : 1 year (required)
- Compliance Management : 5 years (required)

Work Location: Hybrid remote in Toronto, ON

📌 Compliance Manager (Mutual Funds) (Toronto)
🏢 Allevar
📍 Toronto