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Director of Fund Operations

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Wealthsimple

17d ago

  • Job
    Full-time
    Expert Level
  • Banking & Finance
  • Toronto
    Remote
  • Quick Apply

AI generated summary

  • You must have 10+ years in fund management, expertise in fund creation, operations, and tech-savvy. Strong people skills, Excel, and growth mindset required; CFA/CAIA preferred. SQL familiarity is a plus.
  • You will lead Fund Operations, manage daily processes, collaborate across teams, create and set up funds, negotiate contracts, advise on fund structures, and identify inefficiencies using data.

Requirements

  • Have at least 10 years experience working at a fund management or fund administration company. This person has experience launching new funds, onboarding funds onto custodians, working with fund administrators and sub-advisors.
  • Have expertise in working with the middle office and tax teams to build out policies and procedures of the Fund
  • Be a subject matter expert in fund creation and fund Administration, and experienced in working with custodians, transfer agents, and sub-advisors.
  • Be a subject matter expert on Fundserv from a fund manufacturing and dealer perspective.
  • Have expertise in setting up Private Funds and Fund of Funds and are familiar with various liquidity measures
  • Have experience with the production of an Offering Memorandum and Green Sheet
  • Have experience in operationally wrapping a Fund, and working with Sub-Advisors
  • Have led a team
  • Are passionate about technology, specifically fintech and the alternative investment space.
  • Are organized with a strong attention to detail and comfortable working with a large set of data under tight deadlines.
  • Have awesome people skills and a positive attitude. You will be working in a highly collaborative environment.
  • Possess strong Excel skills and familiarity with Google suite.
  • Are naturally curious: if something seems off, you want to figure out what’s going on.
  • You are a challenger. You don’t take things at face value and questions status-quo assumptions like “well, we’ve always done it this way” or “someone is doing it this way, so…” because you're constantly looking to optimize and level up both the business and those around you
  • You have a growth mindset and default to “Challenge or problem? Good. Let me find an opportunity to solve it”
  • Have completed or are pursuing industry courses (CAIA, CSC, CFA, CIM etc)
  • Have experience or familiarity with SQL a plus

Responsibilities

  • Be a leader of the Fund Operations team responsible for managing the funds created by Wealthsimple Investments Inc as an Investment Fund Manager.
  • Work directly with the Asset Management, Compliance, Product, Trading, Tax and R&D teams to ensure the Fund Operations processes are efficient and according to industry guidelines.
  • Lead the team handling the daily operational processes that ensures accuracy of clients and Funds records.
  • Create Funds from an operational perspective and set up the fund Administration, custody arrangements, transfer agent agreements, sub-advisors documentation and onboarding Funds to Fundserv.
  • Consult with Legal partners on the review and negotiation of contracts with Fund Administrators and Custodians.
  • Tasked with advising and finding the most efficient and sustainable way to set up Private Funds and Fund of Funds.
  • Tasked with operationally wrapping a Fund, working with Sub-Advisors and facilitating direct investments.
  • Work with legal and the Asset Manager on the Offering Memorandums and Green Sheets.
  • Use data to identify inefficiencies and propose solutions.

FAQs

What is the primary responsibility of the Director of Fund Operations at Wealthsimple?

The primary responsibility is to lead the Fund Operations team, managing the funds created by Wealthsimple Investments Inc as an Investment Fund Manager and ensuring operational efficiency and compliance.

What qualifications are required for this role?

Candidates should have at least 10 years of experience in fund management or fund administration, expertise in fund creation and administration processes, and experience with custodians, transfer agents, and sub-advisors.

Are there opportunities for professional development?

Yes, Wealthsimple offers up to $1,500 per year towards wellness and professional development budgets.

How does Wealthsimple support work-life balance?

Wealthsimple provides 20 vacation days per year, unlimited sick and mental health days, and wellness days off throughout the year.

Is team leadership experience necessary for this position?

Yes, experience in leading a team is required for the Director of Fund Operations role.

What tools or technologies should candidates be familiar with?

Candidates should possess strong Excel skills, be familiar with Google Suite, and having experience with SQL is a plus.

Does Wealthsimple encourage diversity in the hiring process?

Yes, Wealthsimple strongly encourages applications from individuals of diverse backgrounds regardless of race, religion, gender, sexual orientation, and other characteristics.

What type of work environment can employees expect?

Wealthsimple fosters a highly collaborative and inclusive environment, encouraging team members to share ideas and challenges in order to optimize processes.

Is there a focus on technology in the role?

Yes, a passion for technology, especially in fintech and the alternative investment space, is important for this role.

Are there any specific industry courses encouraged or required?

Candidates should have completed or are pursuing industry courses such as CAIA, CSC, CFA, or CIM.