Fractional CFO

Summary

Join Alpaca as a Part-Time Chief Financial Officer (CFO) and play a key role in establishing a new CIRO Dealer Member. This critical part-time position will focus on the firm’s application process with regulatory authorities and building the financial framework for success. You will work closely with the President/CEO, ensuring compliance with financial regulatory requirements and overseeing all aspects of financial reporting. The role may transition to full-time upon membership approval. Responsibilities include leading financial efforts for the CIRO application, safeguarding assets, managing regulatory filings, and developing policies and procedures. You will also build a high-performing team and collaborate with global stakeholders.

Requirements

• Minimum 5+ years of financial experience, including senior leadership roles
• Completion of the CSI Chief Financial Officer Qualifying Examination
• Bachelor’s degree in finance, business, law, or equivalent work-related field (preferred)
• A strong understanding of Financial Accounting and CRA Tax Requirements is expected
• Proven experience dealing with the Canadian Investment Regulatory Organization (CIRO) and/or the Ontario Securities Commission. Experience with Risk Adjusted Capital calculations and CIRO’s Early Warning Capital Rules
• Technical skills and knowledge of trade life cycle with a focus on monitoring of the settlement of trades and managing the implementation of a carrying broker platform to ensure proper GL setups and reports are in place
• Must have the ability to manage banking operations, have an awareness of items that can impact the Firm’s regulatory capital
• Strong track record of developing and administering internal controls, with the ability to manage audits and exams independently
• Experience collaborating with remote, global teams to achieve financial objectives
• Strong written and verbal communication skills for effectively engaging diverse stakeholders
• Requires strategic thinking, excellent analytical skills and decision-making abilities to navigate new and complex regulatory environments and proactively turn around solutions in a short period to meet deadlines
• High ethical standards and a commitment to maintaining confidentiality

Responsibilities

• Lead financial efforts for the firm’s CIRO Investment Dealer application, ensuring all regulatory financial requirements are met
• Safeguard assets and reputation by ensuring control mechanisms are in place to identify and mitigate risk, including through frequent monitoring of capital and relevant limits; and reconciliation of the Firm’s bank accounts, management of fund disbursements, etc
• Ensure the integrity and timely filing of monthly and annual financial information, both regulatory and statutory, and comply with the continuous disclosure requirements of various regulatory bodies
• Manage communications with CIRO, OSC, and other regulators, including financial notifications, and handling day-to-day interactions
• Create policies and procedures to ensure the business is properly supervised and managed.  Maintain a complete record of all documentation as prescribed by regulation, and update as needed based upon business and regulatory changes
• Oversee training programs for employees, ensuring they are well-informed of financial regulatory obligations
• Provide regular updates to senior management regarding financial activities, risks, and incidents. Escalate material issues appropriately
• Partner with the President/CEO to recruit and develop a high-performing team
• Manage and develop global relationships with key stakeholders to ensure a consistent and integrated financial approach
• Collaborate and support the firm’s teams to integrate new initiatives, financial regulatory obligations, and any other assignments as assigned by the President/CEO

Preferred Qualifications

• At least 5-10 years of experience in CIRO investment dealer operations, financial reporting, clearing, or a related field
• Professional financial or related qualifications, and membership of a recognized professional body

Benefits

• Competitive Salary & Stock Options
• Benefits: Health benefits start on day 1. In the US this includes Medical, Dental, Vision. In Canada, this includes supplemental health care. In Japan, you are offered local benefits. Internationally, this includes a stipend value to offset medical costs
• New Hire Home-Office Setup: One-time USD $500
• Monthly Stipend: USD $150 per month via a Brex Card