Chief Compliance Officer, Special Purpose Depository Institution

  • Kraken
  • Remote
  • Feb 04, 2021
Full time Compliance

Job Description

About the role

We’re building a new type of regulated bank institution to service both digital assets and traditional financial services.

This role will be responsible for the bank’s overall compliance program, related regulatory supervision, and advising on relevant business risks.


Create and control the compliance program:

  • Develop, implement, and oversee all aspects of the bank’s compliance program, designed specifically for the bank’s unique activities and risks factors, in adherence with relevant laws, regulations, rules, and guidance
  • Put in place all components necessary to effectively administer the program and ensure appropriate oversight, including its policies, procedures, processes, controls, systems, operations, personnel, training, testing, and reporting
  • Act as the bank’s Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Officer, Office of Foreign Assets Control/Counter-Terrorist Financing (OFAC/CTF) Officer, and Consumer Compliance Officer

Successfully support related regulatory supervision:

  • Prepare and file required filings and notices with the appropriate agencies, including state banking divisions and the Federal Reserve
  • Act as liaison for the bank and its affiliates during examinations by functional regulators, internal or external auditors, and other relevant third parties
  • Ensure appropriate responses to audits and examinations involving compliance-related issues and and delivery of compliance-related information

Serve as a strategic partner to the business:

  • Periodically report to the bank’s executives on the state of the compliance program, relevant risk exposure, and any significant emerging issues
  • Assess proposed products, services, delivery channels, and marketing efforts to identify any compliance related issues and potential solutions to meet business objectives
  • Analyze organizational structure, intra-company relationships, and shared service models across the institution and its affiliated entities to identify regulatory risks, compliance issues, and/or conflicts of interest


  • 7+ years in a previous compliance managerial position at a bank, custodian, brokerage, trading, payments, or analogous FinTech institution
  • Deep knowledge of federal and state banking laws, regulations, the Federal Reserve environment, and other relevant authorities and agencies
  • Comprehensive knowledge of consumer compliance practices, including BSA, CIP, AML, KYC, OFAC, CTF, etc.  Professional certification in such areas (eg, CAMS) is a plus
  • Interest in digital assets, entrepreneurial attitude, and ability to lead within an agile, high-growth company environment
  • Undergraduate degree (relevant advanced degrees, such as a JD or LLM, a plus)