Regulatory Compliance & Strategic Initiatives Lead, Anchorage Digital

Salary not provided

Equity available

Senior and Expert level
Remote in US
Anchorage Digital

Regulated crypto platform

Job no longer available

Anchorage Digital

Regulated crypto platform

201-500 employees

FintechB2BCryptocurrencySaaS

Job no longer available

Salary not provided

Equity available

Senior and Expert level
Remote in US

201-500 employees

FintechB2BCryptocurrencySaaS

Company mission

To help institutions participate securely in digital assets, by setting a new standard for crypto finance.

Role

Who you are

  • Experience leading large, complex projects cutting across multiple functions
  • Experience overseeing regulatory compliance programs in financial services
  • Experience effectively communicating with and influencing senior leaders, such as Board members, executive leadership, and regulators
  • Experience working in a fast-paced environment with a focus on delivering

Desirable

  • You were emotionally moved by the soundtrack to Hamilton, which chronicles the founding of a new financial system. :)

What the job involves

  • The Regulatory Compliance & Strategic Initiatives Lead will oversee the design, development, and initial implementation of strategic regulatory initiatives across Anchorage, including (i) pursuing and securing regulatory licenses in multiple jurisdictions, (ii) operationalizing compliance and risk in these new jurisdictions, and (iii) overseeing the ongoing initiative to ensure the optimal enterprise-wide shared services organization design across Legal, Compliance, Risk, and Audit
  • In addition, you have oversight over enterprise-wide complaints, training, conduct, and policies and procedures programs, as well as certain compliance programs unique to Anchorage Digital Bank (“Bank”): Regulation W Compliance and 12 CFR Part 9 (Fiduciary) Compliance
  • You bring knowledge of best practices in traditional finance in many areas of compliance and risk, coupled with expertise in leading the PMO for large-scale, complex, cross-functional, high-impact initiatives
  • You build effective relationships with stakeholders, including U.S. and non-U.S. regulators, team managers, and cross-functional partners; effectively influence stakeholders to achieve strategic initiatives, and are regarded as a trusted advisor in the design and operation of Regulation W and Fiduciary Compliance
  • You manage and lead a small team that has a clear impact on the success of Anchorage, effectively setting team vision, mission, and strategy for positive impact on clients and processes
  • We have created the Factors of Growth & Impact to help Villagers better measure impact and articulate coaching, feedback, and the rich and rewarding learning that happens while exploring, developing, and mastering the capabilities and contributions within and outside the Regulatory Compliance & Strategic Initiatives Lead role:
  • Brings knowledge of regulatory licensing, compliance, and risk best practices from traditional finance and demonstrates judgment in how to build and appropriately right-size programs to the size and complexity of Anchorage Digital and its businesses
  • Executes PMO best practices to project-manage highly complex strategic initiatives involving stakeholders across functions, geographies, and entities
  • Understands business strategy, leads licensing applications, and oversees the buildout of second-line of defense functions and shared services
  • Accountable for enterprise-wide complaints, training, conduct, policies and procedures, and Bank-specific Reg W and Fiduciary Compliance programs
  • Anticipates factors that could influence global strategies and Anchorage Digital’s position in the market and is accountable for results and implementing target operating models and licensing solutions with a longer-term view that impacts multiple functions and entities across Anchorage Digital
  • Has a deep knowledge of the strategy of Anchorage Digital. Actively engages across all functions on global business and licensing strategy and identifies new ways to deliver upon it
  • Ensures alignment and integration between initiatives, priorities, people, processes, and structures in your department, the other departments, and with the broader strategic priorities of Anchorage
  • Collaborates effectively across teams and disciplines to solve problems and resolve technical debates
  • Articulates a clear strategy for regulatory compliance, produces high-quality output and execution, and communicates effectively across the company and with external stakeholders such as the OCC and non-US licensing authorities
  • Is engaging, easy to approach, builds appropriate rapport, with diplomacy and tact, and is recognized as a strategic leader whose knowledge, ideas and critical thinking impact the strategic direction of Anchorage Digital

Our take

Anchorage is a crypto-native digital asset platform offering a raft of solutions that help companies leverage blockchain technologies. Their advanced security architecture facilitates streamlined access to the complex and fragmented digital asset space.

Financial backing for Anchorage has come from prestigious investors Visa and Andreessen Horowitz. Anchorage's broad offerings are set to be matched by plans to partner across a wide spread of neobanks, challenger & incumbent banks, and corporate treasurers. This would mean an impressive expansion of their already substantial domain of influence in a rapidly developing sector.

In early 2021, Anchorage secured a national trust charter from the OCC, making it the first-ever federally chartered digital asset bank. This is significant, as it provides a good barrier to entry for other companies looking to compete in this space, and gives legacy institutions the ability to offer digital asset access to their clients. Though it has raised considerable funding in the past, crypto instability and wider macroeconomic challenges forced Anchorage to cut 20% of its staff in March 2023. 2022 clampdowns on customer due dilligence internal controllers added to the pressure on Anchorage to streamline and refocus its efforts.

Kirsty headshot

Kirsty

Company Specialist

Insights

Top investors

Few candidates hear
back within 2 weeks

-5% employee growth in 12 months

Company

Funding (last 2 of 4 rounds)

Dec 2021

$350m

SERIES D

Feb 2021

$80m

SERIES C

Total funding: $487m

Company benefits

  • 100% health, dental, and vision coverage for employees and their dependents
  • Family comes first: we offer parental and child bonding leave to all new parents
  • Meaningful equity - Every team member is a part owner in the company and community that we’re all building together
  • We allow employees to work anywhere in the U.S. or Portugal, and have physical workspaces in New York, San Francisco, South Dakota, and Portugal
  • Flexible time-off plan - Take time off, guilt-free, so you can recharge when you need to
  • 401(k) plan & FSA account

Company HQ

Financial District, San Francisco, CA

Articles

Founders

Diogo Mónica

(Executive Chairman)

Former advisor and board member at Jscrambler and advisor at StackRox with Phd in Computer Science at Instituto Superior Tecnico.

Former director at Vendor Security Alliance and Docker. Former Security Engineering Manager at Square.

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