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Posted 9 hours agoSpecialist, Derivatives Risk Remediation
at Wealthsimple
Hybrid
Responsibilities
- BUILD SOMETHING PEOPLE LOVE Wealthsimple's mission is to help everyone achieve financial freedom – by making financial services simple, transparent, and low-cost.
- - Monitor automations during option liquidations and escalate anomalies and failures to Engineering, and ensure changes are implemented to avoid mass failures and stay compliant with policies.
- - Execute option assignment and exercise workflows, account restrictions, position liquidations, and remediation for early assignment, uncovered positions, corporate actions, and ad hoc trade requests from other teams.
- - Build and maintain monitoring tools using SQL, Python, and AI tooling — contributing to dashboards and maintaining automation scripts that surface daily risk views and exposure trackers.
Requirements
- You'll work closely with the Senior Specialist on cases that require a higher level of judgment, and you'll be a critical part of a small team where consistent coverage isn't optional — it's the whole point.
- - Review derivative scenarios and assess how each affects margin, buying power, and firm exposure — applying working knowledge of dynamic collateral and strategy re-pairing to size and execute remediation actions.
- - Complete weekly and monthly CIRO audit requirements, documenting findings and controls in JIRA and partnering with the Senior Specialist on any remediation needed.
- SKILLS YOU BRING - 1–3 years in derivatives operations, risk, margin operations, or trading support at a CIRO-regulated dealer or equivalent - Working knowledge of retail option strategies (verticals, iron condors, butterflies, covered calls, cash-secured puts, naked options) and their basic risk mechanics, plus a working understanding of futures and options on futures - Solid grasp of option assignment and exercise mechanics, expiry-day operations, corporate actions, and dividend risk; working knowledge
- Experience with futures and futures options -
- Experience with JIRA, Notion, Slack, Oracle DB, ICE, FactSet, Preset, Apache Superset, or similar tools WHO YOU ARE - A reliable problem solver with sound judgment — able to make calculated, low-error decisions under time pressure where the cost of a mistake is immediate and quantifiable, and where the right action varies case by case - Detail-oriented and consistent — you catch things others miss, and you take that responsibility seriously - Technically capable and self-sufficient — you're comfortable 🌸