Manager, Wealth Management - Burnaby, Canada - Gulf and Fraser Fishermen CU

Gulf and Fraser Fishermen CU

Verified Company

Burnaby, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Why Gulf & Fraser?:

Drive, contribute, grow together._

At Gulf & Fraser, you have the opportunity to drive, develop and further your career alongside a team of passionate, empowered and engaged fellow professionals.

Gulf & Fraser is proud to offer a caring, open-minded culture that encourages community involvement where you can contribute to causes that are important to you.

You can grow your own success and feel great about working with us

Position Overview

The Manager, Wealth Management leads the Wealth Management sales team (MFDA and IIROC) and partners with the Vice President, Wealth Management& Advice to oversee the day to day operation and management of the Wealth Management team.

The Wealth Management team aims to sustainably grow and maintain Gulf & Fraser's 's various areas of business, increasing membership penetration and providing service excellence to the branches and our members and an overall superior member experience.

Accountabilities
Leadership

Builds and leads a cohesive team ensuring all performance management processes are established, performance standards developed, performance appraisals conducted, and development opportunities identified and implemented
Provides leadership to all direct reports; provides coaching to build capabilities and fosters professional development to enable employees to optimize their contribution and maximize employee engagement.
Directly leads a team of MFDA and IIROC sales professionals and works with the Vice President, Wealth Management & Advice to oversee the daytoday operation and management of the Wealth Management team.
Drives operational efficiencies to maximize resources and enhance productivity.
Creates an annual business plan and budget; collaborates with the leadership team to ensure the areas of improvement are aligned with the business needs.
Assists in development and review of financial plans.
Translates and Communicates Gulf and Fraser's strategies and objectives with relevant teams and colleagues to ensure successful execution of annual business plan.

Compliance Management

Ensures all mutual fundregistered Wealth Management, as well as branch employees are informed of all changes and updates in MFDA regulations as well as IIROC regulations. Organizes compliance and training orientations to newly licensed representatives.
Oversees the maintenance of complete records of all mutual funds licensed employees and ensure renewals, notice of material changes, transfer of registrations and terminations are completed within the required time frames.
Deals directly with Aviso compliance, external auditors and regulators when required
Conducts regular site visits at all branches to ensure compliance procedures are followed; acts as a resource to address any issues with compliance procedures and policies including attending branch meetings in person.

Collaboration & Process Oversight

Partners with departments and branches to coordinate mutual fund training activities for the credit union and onboarding of new Wealth Management team members.
Partners with Branch Managers to increase Wealth Management penetration amongst Gulf & Fraser's membership.
Oversees the review and approval of all mutual fund trades, daily balancing, and monthly reconciliation of trust accounts; provides assistance with trade execution, transfer followups and other member issues as required.
Supports licensed employees on all mutual fund and segregated fund sales and compliance related issues.
Oversees processes for transaction posting, errors, corrections, and complaints.
Liaises with key suppliers such as Aviso.
Proactively identifies and recommends process improvements for better efficiencies.

Community Investment

Develops and manages relationships with organizations and groups to build and promote the credit union's corporate social responsibility and commitment to community.
Leads and/or participates in Gulf & Fraser sponsored educational seminars and information sessions.
Builds and maintains positive relationships within Centres of Influence (COI), community and business network.

Requirements:

Postsecondary business degree or diploma
Minimum 5 years' progressive experience in the securities and banking industry including success in a wealth management advice and sales role
CFP accreditation is an asset
MFDA and IIROC compliance experience is an asset
Completion of Branch Compliance Manager Program, Canadian Securities Course and Conduct and Practices would all be assets
Demonstrated experience managing a sales team
Equivalent combination of the above may be appropriate

How to Apply:
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