Ryan Grosz
Cambridge,Ontario
Summary
Versatile CFA Charterholder specializing in product governance and due diligence and skilled at planning, implementing and overseeing key improvements to drive business growth and efficiency. History of insightful analysis on complex challenges that result in sustainable robust solutions with concise and meaningful presentations for executive audience . Pursuing new professional challenges with a growth-oriented company.
Overview
19
19
years of professional experience
Work History
Senior Manager, Product Governance & Oversight
TD Wealth
01.2022 - Current
- Lead a team of professionals with a mandate of managing over 40 TD Wealth product governance standards, mandates, and procedures while supporting the shelf management function of TD Wealth Lines of Business (PIC, PIA, DI, and FP)
- Overhauled due diligence procedures and standards to bifurcate the procedures and the standards into a format that meets TD Wealth Standards with appropriate approvals that resulted in a concise standard
- Act as a central problem solver for unique situations that occur as it relates to investment product governance
- Critically assess existing governance framework that identified regulatory gaps and successfully terminated a sub-committee that was replaced with sustainable controls and oversight
- Provide strong leadership to enhance team productivity and morale that focus the team on priority tasks that support current business strategy
Manager, Product Due Diligence
TD Wealth
01.2021 - 01.2022
- Led team of research analysts to execute initial and ongoing due diligence on over 3,000 products with 100 product manufacturers
- Restructured the processes and team functions to increase efficiency and enforced accountability in processes that reduced error rates by 30% while increasing employee engagement
- Cross-trained existing employees to maximize team agility and performance.
- Enhanced the governance framework of the Investment Risk Committee and sub-committees that heightened transparency for oversight, reduced regulatory risk, improved clarity of roles, and increased formality to help ensure efficiency of decision making.
Head of Product Research
Manulife Securities
01.2016 - 01.2021
- Responsible for the management and oversight of the product shelf, including establishing shelf strategy that meets the business strategy and meeting firm risk appetite
- Led a research team in deciding which managers and investment products will be included in upcoming due diligence and where to focus research efforts
- Developed recommendations on product shelf strategies to mitigate dealer distribution risks
- Provided support for the dealer as a product expert and investment performance measurement specialist on company initiatives, committees (Risk, Liability, Product), and regulator (IIROC, MFDA, & OSC) audits/requests
- Conducted manager due diligence on new potential investment managers and maintain ongoing due diligence of approved investment managers including operational due diligence
- Accountable for product shelf risk monitoring of 90 investment manager and over 2,000 products and owned the fulfillment of dealer Know Your Product best practices from IIROC and MFDA.
- Pillar leader in CRM2, and CFR regulatory initiatives as it related to investment performance reporting and dealer Know Your Product standard development
Senior Product Research Analyst
Manulife Securities
01.2010 - 01.2016
- Assisted in the assessment and monitoring of investment product manufacturers to mitigate third party risk to the dealer
- Organized and conducted regular due diligence meetings with approved manufacturers and conducted the initial due diligence meetings
- Conducted due diligence on investment products (structured products, hedge funds, mutual funds, alternative funds) to ensure the product and manager does not introduce additional distribution risk to the dealer or find reasonable methods to mitigate
- Monitored and reported third-party risk of all product manufacturers to senior management annually and as needed
- Maintained and updated Product Review Policies & Procedures to ensure it address auditor findings and new regulatory guidance and rules.
- Key stakeholder in CRM1 for developing pricing policy of securities
Analyst, Canadian Investments
Manulife Financial
01.2008 - 01.2010
- Developed and produced weekly and monthly market dashboards (Tactical Position Dashboard) on company investments, unrealized gains/losses, private deal generation, and general investment metrics (indices, government interest curves, FX, commodities, etc)
- Generated monthly reports on segment holdings with their associated gaps from target holdings and assist in allocating alternative non-fixed income deals to segments in cooperation with other stakeholders (ALM, and GIS)
- Collaborated with deal generators to allocate deals to the appropriate liability segment.
Treasury Analyst
Moneris Solutions Corporation
01.2005 - 01.2008
- Conducted active cash management of +$250 million in assets to maximize interest income and minimize interest expense
- Management of money market portfolio that met IPS policy
- Analyzed banking structure and recommended changes resulting in a 20% decrease in expenses
- Identified significant financial risks in Treasury processes through critical assessment that led to recommendations to implement new controls
Education
Certificate in Investment Performance Measurement (CIPM) -
CFA Institute
01.2015
Chartered Financial Analyst (CFA) -
CFA Institute
01.2011
Honours Bachelor of Arts (HBA), Economics and Financial Management (Distinction), Co-op -
Wilfrid Laurier University
Waterloo, ON01.2005
Skills
- Reporting Oversight
- Team Leadership
- Strategic Planning
- Data Analytics
- Risk Management
- Regulatory Compliance
- MS Office
- Alternative Investments
- Process Improvement
- Executive presentation
- Governance
AWARDS
Stars of Excellence honouree, Manulife Financial, 2015, 2020
Community Service
- Cambridge Youth Soccer, Youth Soccer Coach, Cambridge, Ontario, 2012-01-01, 2022-01-01, Mentor and coach youth in soccer skills and game concepts.
- CFA Institute, Exam Writer, Charlottesville, Virginia, 2012-01-01, 2013-01-01, Responsible for developing assigned question(s) for CFA level 3 examination.
Languages
English
Native or Bilingual
Timeline
Senior Manager, Product Governance & Oversight
TD Wealth
01.2022 - Current
Manager, Product Due Diligence
TD Wealth
01.2021 - 01.2022
Head of Product Research
Manulife Securities
01.2016 - 01.2021
Senior Product Research Analyst
Manulife Securities
01.2010 - 01.2016
Analyst, Canadian Investments
Manulife Financial
01.2008 - 01.2010
Treasury Analyst
Moneris Solutions Corporation
01.2005 - 01.2008
Certificate in Investment Performance Measurement (CIPM) -
CFA Institute
Chartered Financial Analyst (CFA) -
CFA Institute
Honours Bachelor of Arts (HBA), Economics and Financial Management (Distinction), Co-op -
Wilfrid Laurier University
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