Senior Manager, Collateral Management

Your career is an investment that grows over time! Wealthsimple is on a mission to help everyone achieve financial freedom by reimagining what it means to manage your money. Using smart technology, we take financial services that are often confusing, opaque and expensive and make them transparent and low-cost for everyone. We’re the largest fintech company in Canada, with over 3 million users who trust us with more than $50 billion in assets. Our teams ship often and make an impact with groundbreaking ideas. We're looking for talented people who keep it simple and value collaboration and humility as we continue to create inclusive and high-performing teams where people can be inspired to do their best work. About the role As the Senior Manager/Manager, Collateral Management, you will report directly to the Senior Manager of Cash & Collateral Management. You will be responsible for collaborating with a number of stakeholders to further build out our collateral & cash management capabilities for existing products, as well as prepare for new product launches. On top of this, you will be leading the day-to-day collateral processes as well as designing and implementing collateral transformations to optimize. This role presents a unique opportunity for you to make a significant impact on Wealthsimple's financial operations, contribute to our growth and success, and leverage your expertise in a dynamic and rapidly evolving industry. We manage billions of dollars, so the stakes are high. We want to deliver extraordinary experiences that meet our client's on-demand expectations. At Wealthsimple, we are maker-owners, we believe that simple is better, and we do what's right for each client. In this role, you will:

• Build and oversee our Collateral Management function
• Manage day-to-day collateral processes as well as cash settlement processes with a focus on meeting daily collateral calls and associated funding needs
• Manage our collateral sources and uses; and implement optimization engine to maximize for liquidity and economics
• Design and implement collateral management procedures for new products
• Work with stakeholders to forecast and anticipate growth in collateral requirements, and develop a playbook to operationalize this
• Problem-solve and collaborate with multiple stakeholders to support the launch and scale of new products, and to support scaling of existing ones
• Provide thought leadership and advise on key business decisions relating to collateral management
• Build processes, establish metrics and stand up a structure that provides visibility into holistic collateral needs across the brokerage
  
  
  

Skills we’re looking for:

• Relevant Experience: Experience working in a collateral or cash management capacity
• Organization & Planning: plans, organizes, and schedules efficiently. You prioritize effectively, balancing day to day with project work
• Data & Analytics: a history of using data to answer complex problems and inform decisions. SQL & modeling skills are an asset
• Collaboration: excellent interpersonal skills and willingness to work in collaboration with various team members, as well as a track record of leading cross-functional projects
• Strong Written & Verbal Communication: speaks plainly and truthfully. Communicates complex ideas in a simple & easy-to-understand way for any audience (e.g. engineering, 3rd party vendors, growth/operational teams, executive team)
• Problem Solving: if something seems off, you want to figure out what’s going on; you enjoy navigating uncertainty, bringing clarity to ambiguity and don’t wait for a playbook to be written
• Proactive & Action Oriented: acts without being told what to do; takes full ownership of work, and proactively seeks help and input when needed to provide well-supported solutions
• Efficiency: the ability to produce significant output with minimum wasted effort; finds the path of least resistance to the problem definition, solution and execution
• Honesty/Integrity: doesn't cut corners; does what is right, not what is politically expedient
• Special Requirements: available to work 7:00am-3:00pm EST
  
  
  

Why Wealthsimple? Competitive salary with top-tier health benefits and life insurance Retirement savings matching plan using Wealthsimple Work 20 vacation days per year and unlimited sick and mental health days Up to $1,500 per year towards wellness and professional development budgets respectively 90 days away program: Employees can work internationally in eligible countries for up to 90 days per calendar year A wide variety of peer and company-led Employee Resource Groups (ie. Rainbow, Women of Wealthsimple, Black @ WS) Company-wide wellness days off scheduled throughout the year We’re a remote-first team, with over 1,000 employees coast to coast in North America. Be a part of our Canadian success story and help shape the financial future of millions — join us! Read our Culture Manual and learn more about how we work. DEI Statement At Wealthsimple, we are building products for a diverse world and we need a diverse team to do that successfully. We strongly encourage applications from everyone regardless of race, religion, colour, national origin, gender, sexual orientation, age, marital status, or disability status. Accessibility Statement Wealthsimple provides an accessible candidate experience. If you need any accommodations or adjustments throughout the interview process and beyond, please let us know, and we will work with you to provide the necessary support and make reasonable accommodations to facilitate your participation. We are continuously working to improve our accessibility practices and welcome any feedback or suggestions on how we can better accommodate candidates with accessibility needs.