A key component of effective self-regulation is industry input and involvement. The Proficiency Committee plays an important role in supporting CIRO Proficiency Staff on matters relating to proficiency policy and operations. The Committee is a valuable source of practical industry knowledge and expertise working with CIRO to ensure high standards of proficiency, professionalism and ethics on the CIRO platform.
Mandate
To advise CIRO Staff on matters relating to proficiency policy and operations. This includes matters relating to licensing standards and training and continuing education.
Reports To
CIRO Proficiency Staff.
Specific Responsibilities
- The Committee will provide feedback to CIRO Staff with respect to proficiency and licensing policies, standards and initiatives.
- The Committee will support CIRO 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 CIRO 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 CIRO 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 CIRO proficiency courses.
Term
Two (2) year term, renewable
Appointment Process
Applications are reviewed by CIRO Proficiency Staff. Committee members are appointed by the President and CEO or his/her designate on the advice of CIRO Proficiency Staff. CIRO 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
CIRO Proficiency Staff may strike working groups or ad hoc subcommittees.
Meeting Schedule
The Proficiency Committee will meet quarterly. Special meetings may be called at the request of the Committee Chair or Proficiency Staff.
Proficiency Committee
| Name | Organization |
|---|---|
| Kirsty MacDonald, Chair | RBC Dominion Securities |
| Reg Bonfoco-Barrero-Martinez, Vice-Chair | BMO Financial Group |
| Jennelyn Adona | Cormark Securities Inc. |
| Alan Berge | Haywood Securities Inc. |
| Keir Clark | Scotia Wealth Management |
| David Clarke | BMO Global Asset Management |
| Vincent Di Fruscia | National Bank Financial |
| Ben Felix | PWL Capital Inc. |
| Kelley Hoffer | Merrill Lynch Canada Inc. |
| Ivo Mandadjiev | Beutel, Goodman & Company Ltd. |
| Susan Milburn | |
| Mary Lou Olton | Edward Jones |
| Jason Pereira | IPC Securities Corporation |
| Luc Trottier | Desjardins Securities Inc. |