Compliance Program Lead

Summary

Join Bastion as a Senior Compliance Officer to build and manage a comprehensive Compliance Program for our unique business activities, including stablecoin issuance and digital wallet infrastructure. This pivotal role involves designing and implementing a robust compliance program aligned with NYDFS regulations, managing regulatory relationships, overseeing money transmission compliance across multiple jurisdictions, and delivering compliance training. You will also foster a culture of compliance, prepare regular reports, and continuously improve compliance processes. The ideal candidate will have 12+ years of progressive experience in compliance within the financial services or fintech industry, with specific experience in NYDFS regulations and state Money Transmission Laws. This position offers a competitive salary and benefits package, opportunities for professional growth, and a collaborative work environment.

Requirements

• Bachelor's degree in a relevant field such as Law, Business Administration, Finance, or a related discipline
• 12+ years of progressive experience in compliance within the financial services or fintech industry, with specific and demonstrable experience in both NYDFS regulations for Limited Purpose Trust Companies and state Money Transmission Laws
• Deep understanding of the regulatory landscape for stablecoins, digital assets, and money transmission
• Experience in developing and implementing compliance programs from the ground up, particularly within a startup environment
• Proven ability to build and maintain strong relationships with regulatory agencies
• Excellent analytical, problem-solving, and risk management skills
• Exceptional communication (written and verbal), interpersonal, and presentation skills
• Ability to work independently, manage multiple priorities, and thrive in a fast-paced, dynamic startup environment
• High ethical standards and a strong commitment to regulatory compliance
• Experience with compliance technology and tools

Responsibilities

• Develop and Implement a Comprehensive Compliance Program
• Design, develop, and implement a robust and scalable Compliance Program encompassing all aspects of the company's operations, including regulatory change management, policy governance, risk assessment and Board reporting
• Establish clear and comprehensive compliance policies, procedures, and controls aligned with NYDFS regulations for Limited Purpose Trust Companies, state and territorial Money Transmission Laws, and other applicable regulations (e.g., BSA/AML, sanctions)
• Develop and maintain a comprehensive compliance risk assessment framework specific to stablecoin operations, digital asset handling, and money transmission activities
• Create and implement robust monitoring and testing programs to ensure adherence to all regulatory requirements and internal policies
• Establish and manage effective systems for reporting, investigating, and remediating potential compliance violations
• Manage Regulatory Relationships and Reporting
• Serve as the primary point of contact for regulatory inquiries and examinations from the NYDFS and state money transmitter regulators
• Oversee the preparation and submission of timely and accurate regulatory filings and reports
• Maintain strong working relationships with regulatory agencies
• Stay abreast of evolving regulatory requirements and proactively adapt the Compliance Program accordingly
• Manage Money Transmission Compliance
• Develop and implement compliance procedures to ensure adherence to Money Transmission Laws across all licensed jurisdictions (50 states and 5 US territories)
• Manage the application and maintenance of Money Transmission Licenses
• Develop and Deliver Compliance Training
• Establish governance over the creation and delivery of tailored compliance training programs for employees on relevant regulations, internal policies, and procedures related to stablecoin operations, digital asset handling, and money transmission
• Foster a Culture of Compliance
• Promote a strong ethical culture and awareness of compliance obligations across all departments
• Provide expert guidance and support to employees on complex compliance matters
• Reporting and Communication
• Prepare regular reports on the status of the Compliance Program and key compliance metrics for senior management
• Communicate effectively with internal and external stakeholders on compliance-related matters
• Escalate significant compliance risks and incidents promptly
• Continuous Improvement
• Continuously monitor the regulatory landscape and adapt the Compliance Program to address new and evolving requirements
• Identify and implement opportunities to enhance the efficiency and effectiveness of compliance processes and controls

Preferred Qualifications

• A Juris Doctor (JD) or relevant certification (e.g., CCEP, CRCM, CAMS) is strongly preferred
• Experience working directly with the NYDFS on trust company matters
• Experience managing Money Transmission License applications and renewals across multiple states and territories
• Familiarity with digital asset custody solutions and related compliance considerations
• Experience in conducting internal audits and investigations within a regulated financial institution or fintech

Benefits

• Competitive salary and benefits package
• Opportunity for professional growth and development
• Collaborative and supportive work environment