Chief Compliance and Risk Officer

As the Chief Compliance and Risk Officer at Balance, you will be critical in our success by ensuring full compliance with applicable laws and regulations and identifying, quantifying, and managing risk within the organization. In this role you will holistically oversee all functions performed by all entities in our corporate group, enforce compliance with various policies and procedures. You will develop and maintain such policies, procedures, and standards, regularly assess their effectiveness, and train our staff internally in accordance with their role and responsibilities. You will report to the CEO and in respect of certain matters directly to the board of directors.

Role Responsibilities:
• Maintain and continuously develop our AML/CTF compliance regime.
• Maintain and continuously develop our sanctions compliance program (SCP).
• Maintain our risk register and develop and implement risk treatment plans.
• Ensure compliance with FINTRAC’s requirements as a registered MSB.
• Ensure compliance with FinCEN’s requirements as a registered money transmitter.
• Ensure compliance with U.S. state regulators’ requirements for money transmission, money services activities, and virtual currency business activities for our U.S. subsidiary.
• Ensure compliance with ATBF’s requirements for our Alberta trust company subsidiary.
• Ensure compliance with applicable securities law and regulations in both Canada and the U.S.
• Ensure compliance with ATBF’s requirements as a registered trust company.
• Ensure compliance with any applicable securities law and regulations.
• Perform KYC/KYT and ongoing monitoring, audit records, review and submit reports, coordinate effectiveness reviews, train staff, respond to law enforcement requests, and generally speaking roll up your sleeves. This is a doer role focused on individual contributions, not a manager role. Most of your direct reports will be AI agents.

Role Requirements:
• BSc. degree (MA or MBA preferred) in an analytical discipline such as Finance, Accounting, Administration, or Economics.
• 5+ years of experience in a senior compliance role at a regulated financial entity.
• Demonstrable knowledge and proficiency with blockchain and distributed ledger technologies, as well as services such as custody, settlement, trading, and staking.
• Demonstrable experience in engaging constructively with regulatory agencies such as FINTRAC, FinCEN, OFAC, IRS, CRA, CSA, CIRO, FINRA, ATBF, OSF, and others.
• Excellent technical writing skills. No filler words, no extra characters on the page.
• Excellent communication and presentation skills. You’ve presented on stage before.
• A healthy obsession with keeping a world-class quality standard in your work.
• Ultra-high integrity. We do not cut any corners, we do not bend any rules.
• Ability to work effectively in a remote-first, distributed team.
• Bonus points for CAMS or any certifications from the Canadian Securities Institute.

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