Principal Broker, Chief Compliance Officer
Mortgage Broker Licence # M08003647
Michael Daramola brings more than 25 years of experience in the financial services sector. He has held several management positions with various organizations, including two of Canada’s five largest banks and was a lecturer of the Mortgage Broker Program at Seneca College for six years.
As Principal Broker, Chief Compliance Officer, Michael promotes ethical conduct and compliance with rules, regulations, and standard processes that govern how financial services organizations should conduct business. The role requires actively staying on top of the latest industry news, laws, regulations and business trends, and being able to translate these into requirements for the operation of FMP. Michael monitors the business and ensures that it is operating according to applicable regulatory requirements, operating processes and policies.
Michael is a graduate of Economics and holds a Post-Graduate Diploma in Personnel and Industrial Relations from the University of Windsor. In addition, he has also earned a Post-Graduate Diploma in Financial Services Underwriting from Seneca College of Applied Arts & Technology,Toronto. Prior to joining FMP Mortgage Investments Inc., Michael worked as a Mortgage Broker with Centro Mortgage Inc., a Richmond Hill based mortgage brokerage and was also a Principal Broker for NuCity Mortgage, a Toronto based mortgage brokerage.
His involvement with financial governance in Canada provides an unparalleled access to the best practices in the field and allows him to draw upon this wealth of knowledge to ensure that the company’s practices and systems in place allow effective governance activities to be conducted in a compliant safe, timely, efficient and cost-effective manner.
As an industry leader, Michael is highly sought after. He contributes his expertise to several boards in various capacities, including: Director of Markham Stouffville Hospital in Markham, Ontario; Director of Canadian Institute of Management; and Member of Markham Race Relations.