Responsibilities
Attend and actively contribute to Board meetings and, where applicable, Board committees.
Provide oversight and constructive challenge on the Company’s strategy, objectives and performance.
Oversee the effectiveness of governance, risk management, internal controls and compliance frameworks.
Oversee the Company’s financial soundness, including capital adequacy.
Review financial reporting, budgets and key business reports presented to the Board.
Promote a strong compliance and ethical culture at Board level.
Oversee material outsourcing arrangements and related controls from a governance perspective.
Stay informed of regulatory developments and their impact on the business.
Support the Board’s engagement with regulators, auditors and the shareholder as required.
Act honestly, in good faith and in the best interests of the Company, managing any conflicts of interest appropriately.
Requirements
A university diploma or equivalent along with a 5+ years of experience in the financial services industry, ideally including senior roles at a CIRO-regulated investment dealer.
Successful completion of CIRO’s Director and Executive Exam, or the Partners, Directors and Senior Officers Course (PDO) qualification if it is still valid under CIRO’s exam validity and transition rules.
Willingness to go through the CIRO approval process as a Director; prior approval as a Director/UDP or Executive by CIRO (IIROC) or another securities regulatory authority is an advantage.
Strong working knowledge of the Canadian financial services regulatory framework.
Experience in retail financial services, ideally brokerage, OTC derivatives or leveraged products.
Board, governance or senior oversight experience in a regulated environment.
Understanding of risk management, capital adequacy and financial reporting at a regulated firm.
Sound commercial and risk judgement, with the ability to challenge constructively.
Independence of mind, high standards of integrity and ethics, and a strong sense of accountability.
Clean regulatory, disciplinary and criminal record.
Skills Required
- University diploma or equivalent
- 5+ years of experience in the financial services industry
- Senior experience at a CIRO-regulated investment dealer
- Successful completion of CIRO's Director and Executive Exam, or a valid Partners, Directors and Senior Officers Course qualification
- Willingness to complete the CIRO approval process as a Director
- Prior approval as a Director, UDP, or Executive by CIRO, IIROC, or another securities regulatory authority
- Strong working knowledge of the Canadian financial services regulatory framework
- Experience in retail financial services, brokerage, OTC derivatives, or leveraged products
- Board, governance, or senior oversight experience in a regulated environment
- Understanding of risk management, capital adequacy, and financial reporting at a regulated firm
- Sound commercial and risk judgment with the ability to challenge constructively
- Independence of mind, integrity, ethics, and accountability
- Clean regulatory, disciplinary, and criminal record
What We Do
Capital provides software that enables founders to raise, hold, spend, and send funds all in one place. Capital has evolved its flagship fundraising tool (formerly known as Party Round) to provide founders with banking solutions that streamline their startups.
