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Proficiency Committee



A key component of effective self-regulation is industry input and involvement. The Proficiency Committee plays an important role in supporting IIROC Proficiency Staff on matters relating to proficiency policy and operations. The Committee is a valuable source of practical industry knowledge and expertise working with IIROC to ensure high standards of proficiency, professionalism and ethics on the IIROC platform.

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Mandate

To advise IIROC Staff on matters relating to proficiency policy and operations. This includes matters relating to licensing standards and training and continuing education.

 


 

Reports To

IIROC Proficiency Staff

 


 

Specific Responsibilities

The Committee will provide feedback to IIROC Staff with respect to proficiency and licensing policies, standards and initiatives.

The Committee will support IIROC Proficiency Staff in its oversight of proficiency courses through review of course material and proposals relating to course content, instructional design, etc.

The Committee will support IIROC Proficiency Staff in the development and updating of proficiency and competency standards by providing input and through the work of specialized ad hoc committees struck by IIROC Proficiency Staff.

 


 

Membership


The Committee will be comprised of a floating number of members limited to a maximum of 15. Committee membership will aim to draw from the following areas of expertise:

  • senior management personnel of Dealer Members;
  • education and training personnel of Dealer Members;
  • institutional and retail personnel of Dealer Members;
  • compliance and legal personnel of Dealer Members; and
  • people with expertise in proficiency matters (including non-Dealer Member).

Members of the Committee may not provide proficiency consulting services to CSI or any other provider of the IIROC proficiency courses.

 


 

Term

2 year term, renewable

 


 

Appointment Process

Applications are reviewed by IIROC Proficiency Staff. Committee members are appointed by the President and CEO or his/her designate on the advice of IIROC Proficiency Staff. IIROC will aim to achieve a membership reflective of different sizes and types of firms and different regions of Canada.

 


 

Chair

A Chair is elected by the members of the Committee for the 2 year term of the Committee.

 


 

Subcommittees

IIROC Proficiency Staff may strike working groups or ad hoc subcommittees.

 


 

Meeting Schedule

As and when necessary, as determined by IIROC Proficiency Staff.

 


Members

  • Jason Milne (Chair)

    Director, Portfolio Management, Manulife Securities, Oakville, ON

    Jason Milne has worked in the financial services industry for 25 years. As Director, Portfolio Management Jason assists in the modeling and oversight of the investment dealer’s advisor managed and separately managed account programs.

    Jason has also worked as an independent consultant for the past ten years, assisting with exam development for derivatives and portfolio management courses.

    Jason is a CFA Charterholder.

  • Reg Bonfoco

    Continuing Education Specialist, TD Waterhouse, TD Securities, Toronto, ON

    Reg Bonfoco has worked in the financial services industry for ten years.

    Reg is the Chair of the International Association for Continuing Education and Training and is the past Chair of the IIROC Continuing Education Subcommittee.

  • Colin I.E. Clark

    Principal, Colin Clark & Associates, West Vancouver, BC

    Colin Clark’s consulting firm provides compliance, management policy, administration, and education services to securities industry participants.  As a consultant, Colin has performed the role of acting Chief Compliance Officer for certain Dealer Members.

  • Keir Clark

    Portfolio Manager & Director, Wealth Management, Scotia Wealth Management, Fredericton, NB

    Keir Clark has 35 years of experience as a retail advisor. Keir has been an IIROC registrant since 1998.

    Keir holds the designations of Chartered Investment Manager (CIM) and Professional Financial Planner (PFP), and is a Fellow of the Canadian Securities Institute (FSCI) and Fellow of the Institute of Canadian Bankers (FICB).

    Keir Clark is a member of the New Brunswick District Council of IIROC.

  • Angela D’Angelo

    Vice President, Development and Client Experience, National Bank Financial, Montreal, QC

    Angela D’Angelo has worked in the financial services industry for 25 years. Angela is responsible for the learning strategies and professional development of National Bank wealth management employees nationwide. Angela was previously involved in branch management.

  • Brian Driscoll

    Vice President, Supervising Portfolio Manager, Chief Compliance Officer, Aligned Capital Partners Inc., Burlington, ON

    Brian Driscoll has worked in the financial services industry for 25 years. Brian is involved in the business and strategic development of Aligned Capital and is responsible for oversight of its supervisory function, compliance program, portfolio management business, and training of retail and institutional staff.

    Brian is also a licensed life agent in the province of Ontario.

  • Jennifer Flynn

    Continuing Education Specialist, Strategic Advisory Programs, CIBC Wood Gundy, Toronto, ON

    Jennifer Flynn has been in the financial services industry for 15 years. Jennifer assists with CIBC’s continuing education program, which includes evaluating course material and providing IIROC accreditation for firm registrants.

  • Kirsty MacDonald

    Director of Branch Review – Compliance, RBC Dominion Securities and PH &N Investment Counsel, Toronto, ON

    In addition to extensive branch audit experience, Kirsty MacDonald has regulatory experience having worked at the Ontario Securities Commission and the Mutual Fund Dealers Association of Canada.

  • Darlene Munro

    Assistant Vice President, Compliance Business Review, Investors Group Securities Inc., Winnipeg, MB

    Darlene Munro has been in the financial services industry for 29 years. Darlene has experience with registration matters and has responsibility for compliance standards for the Dealer Member business.

    Darlene holds the Financial Management Advisor (FMA) Designation and is a Fellow of the Canadian Securities Institute (FSCI).

    Darlene is a member of the Manitoba District Council of IIROC.

  • Mary Savona

    Independent Consultant, Savona Capital Holdings, Toronto, ON

    After 15 years as an IIROC registrant, where she was responsible for branch management, marketing and product development, and call centre management, Mary Savona has spent the past ten years working as a consultant in the financial services industry.

    Mary Savona is also a Professor at Seneca College teaching financial management, financial planning, strategic marketing, taxation for entrepreneurs, and financial management for non-profit organizations.

    Mary holds the designation of Certified Financial Planner (CFP).

  • John Webster

    President & Chief Compliance Officer, Queensbury Securities Inc., Toronto, ON

    John Webster has been an IIROC registrant since 1992. As President and Chief Compliance Officer of Queensbury Securities, John is responsible for the oversight of all areas of the business including compliance, operations, finance, human resources, information technology, and business development.

    John recently completed a Masters of Law in Securities at Osgoode Hall and authored a paper entitled "An International Comparison of Securities Proficiency Requirements for Licensing".

    John holds the Certified Investment Manager (CIM) designation. 

  • Susan Yates

    Co-Founder and CEO, C’Life Inc., Aurora, ON

    Susan Yates is the Co-founder and CEO of C’Life Inc., a provider of continuing education courses to life insurance agents, financial planners, IIROC registrants, and other financial services industry professionals.

    Susan has worked with the AMF, contributing to curriculum and content development for the Life Licensing Qualifying Program (LLQP).

 

Education & Proficiency Committee

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