- You will be working on a flexible hybrid schedule as part of Fidelity’s agile working arrangement.
- Current work authorization for Canada is required for all openings.
- The work location for this role is 483 Bay Street in Toronto until approximately late 2026, when the work location will change to the recent Mississauga office at 3 Robert Speck Parkway.

Job Description

- You will be working on a flexible hybrid schedule as part of Fidelity’s dynamic working arrangement.
- Current work authorization for Canada is required for all openings.
- The work location for this role is 483 Bay Street in Toronto until approximately late 2026, when the work location will change to the new Mississauga office at 3 Robert Speck Parkway.

Business Overview

Fidelity Clearing Canada (FCC) is the leading independent clearing broker and custodian in the Canadian market. We provide trade execution, clearing, custody and back-office support services to Canadian-based brokerage firms and the Canadian brokerage arms of U.S.-based firms.

For more information about Fidelity Clearing Canada, please visit

Role Overview

The Regulatory Compliance Manager reports to the Manager, Trade Compliance and is responsible for the daily operation of the Trade Surveillance program and Trade Desk Supervision. This role will be working to manage these key areas of accountability, include daily investigation of alerts generated by Trade surveillance application various regulatory reporting and assist/participate in projects. You will provide subject matter expertise for system and procedure development and improvement, assist with staff training, generate reporting metrics for periodic reporting. In addition,



the role may also be involved with responsibility as a backup for other team members by assisting with responding to general inquiries and review various operational requests (such as fund movement, pricing requests etc.). You will also provide backup for other Risk and Compliance functions and will be a member of a team of compliance professionals dedicated to meeting the requirements of an ever-evolving regulatory landscape.

What You Will Do

Trade surveillance

- Responsible for the daily operation of the Trade Surveillance Program.
- Collaborate with the team in identifying program and system improvement opportunities.
- Work together with members of the Trade Surveillance team on daily investigation of alerts relating to possible manipulative and deceptive practices, insider trading and trading on material non-public information; traders communication monitoring; testing of order flow to detect possible trade-throughs; oversee testing for correct order marking and submit order marker correction requests; conduct order marker and large position reporting review; support creation of periodic management reporting of the Surveillance program; daily statistical tracking of all surveillance testing measures.
- Gathering and analyzing trade and market data against Universal Market Integrity Rules (UMIR)



to identify manipulative and deceptive trading activity.

Pre-trade risk controls

- Work with the team to ensure there is a robust and effective set of pre-trade risk controls in place for order flow in the various trading platforms used by FCC.
- Track limit breaches across all systems, perform monitoring for limit changes and tracking of limit change approvals.
- Participate in the Trade Review Committee (TRC) with and work with the team to ensure all committee functions are completed in a timely manner.
- Analyze, interpret, and communicate business impacts relating to the Canadian Investment Regulatory Organization (CIRO) Electronic Trading Rules and provide recommendations to the TRC on measures to protect FCC against financial loss.

Incident escalation and management

- Ensure all incidents are escalated appropriately to the Manager, Trade Compliance, Director, Compliance and/or Chief Compliance Officer.
- Assist with regulatory reporting of high-risk items to either FINTRAC or CIRO.
- Record keeping and retention of all back up materials.
- Analyze daily trade activity to determine flags which are appropriately tracked.
- Perform quarterly analytics on flagged orders to identify patterns of abusive trading activity.

Compliance and risk support

- Advise, train, and develop awareness of compliance related issues among FCC employees which may involve both staff training and support.
- Interpret both internal policies and regulatory instruments to resolve both client and staff related issues.
- Co-author new policies and procedures with the Manager, Trade Compliance and/or Director, Compliance
- Assist w

📌 Regulatory Compliance Manager, Trade Surveillance (Toronto)
🏢 Fidelity Canada
📍 Toronto