Compliance Program Lead

About Bastion

Bastion enables financial institutions and enterprises to issue regulated stablecoins, generate revenue on reserves, and expand their ecosystems. Bastion’s platform combines stablecoin issuance, secure custody, and seamless orchestration for cross-border transfers, on/off-ramps, and stablecoin conversions. With Bastion’s platform and APIs, businesses can create and scale their stablecoin network, while optimizing revenue, compliance, and control.

Overview:

Bastion enables financial institutions and enterprises to issue regulated stablecoins, generate revenue on reserves, and expand their ecosystems. Bastion’s platform combines stablecoin issuance, secure custody, and seamless orchestration for cross-border transfers, on/off-ramps, and stablecoin conversions. With Bastion’s platform and APIs, businesses can create and scale their stablecoin network, while optimizing revenue, compliance, and control.

Position Summary:

We are seeking a highly experienced and proactive Senior Compliance Officer to build, implement, and manage a comprehensive Compliance Program tailored to our unique business activities, including stablecoin issuance through a New York Department of Financial Services (NYDFS)-regulated Limited Purpose Trust Company and digital wallet infrastructure facilitating digital asset and fiat money movement via Money Transmission Licenses across the United States and its territories. This pivotal role will be instrumental in establishing a strong culture of compliance and navigating a complex regulatory environment.

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.

Qualifications:

• Bachelor's degree in a relevant field such as Law, Business Administration, Finance, or a related discipline. A Juris Doctor (JD) or relevant certification (e.g., CCEP, CRCM, CAMS) is strongly preferred.

• 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.

Preferred Qualifications:

• 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.

Bastion provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, and placement. Bastion participates in E-Verify to authorize eligibility of employment in the United States.