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Wealthsimple · 18 hours ago

Senior Associate, Derivatives Risk Remediation

United States

Full-time

Remote

Senior Level

Wealthsimple is a leading fintech company dedicated to helping individuals achieve financial freedom through innovative financial services. The Senior Associate, Derivatives Risk Remediation will support the Brokerage Risk Operations team by executing risk remediation activities for complex trading products and ensuring compliance with established policies.

FinanceFinancial ServicesFinTechImpact InvestingPersonal FinanceWealth Management

Responsibilities

Execute position closures and account restrictions based on stress testing metrics to maintain exposure within guidelines

Remediate uncovered options and short equity positions while monitoring accounts for unauthorized option strategies

Monitor expiration and early assignment risk, serving as backup to automated remediation tools

Coordinate with cross-functional teams on post-expiration assignments and execute liquidations of assigned short positions

Execute policies set by brokerage stakeholders and provide technical guidance on margin requirements and remediation actions

Prepare memos and presentations for senior stakeholders as needed

Identify policy gaps, train new associates, and establish/track SLAs for risk remediation activities

Support margin operations cross-functionally as required

Ad-hoc tasks and responsibilities as the team evolves

Qualification

Canadian Securities CourseConduct Product HandbookDerivatives Fundamentals CourseOptions StrategiesRisk RemediationTechnical GuidanceTrainingCollaboration