Principal Associate Compliance - Kraken

Building the Future of Open Finance

Payward - the parent company behind Kraken, NinjaTrader, Breakout, xStocks, Payward Services and CF Benchmarks - has spent the last 15 years building one of the most modern and globally accessible financial infrastructure platforms in the industry, built to advance an open, global financial system.

The Team

Founded in 2011, Kraken is one of the world's longest-standing crypto platforms, trusted by over 10 million individuals and institutions across the globe. It offers spot trading, margin, futures, staking, and OTC services, with products built for both individual investors and institutional clients.

Kraken Securities is the U.S. Broker Dealer entity of Kraken. The Senior Compliance Associate will support the existing CCO to ensure the Broker Dealer stays in compliance with all applicable FINRA, SEC and state regulations.

The Opportunity

• Assist in the execution of the Broker Dealer compliance and risk assessment programs, including testing, monitoring, surveillance, and adherence to all relevant and applicable laws and regulations.
• Oversee, address, and remediate daily flags in KYC, CIP, Suitability, PEP, and Sanctions while assisting in identifying policy and procedural enhancements.
• Maintain awareness of company goals, regulatory developments, and industry trends while testing the effectiveness of controls.
• Oversee and update written supervisory procedures, surveillance programs, testing programs, and employee education programs.
• Review and address concerns from compliance testing results.
• Monitor and challenge reporting, escalation, and timely remediation of issues, deficiencies, or regulatory matters regarding compliance risk management.
• Handle consumer complaints and manage monthly, quarterly, and ongoing reporting.
• Prepare and coordinate with department leadership to create the Annual CEO Certification report specified in FINRA Rule 3130, along with other annual requirements.
• Assess external regulatory activity and changes in laws and regulations impacting marketing.
• Review all marketing and sales material and communications, including social content.
• Administer and manage compliance reviews of the electronic communications surveillance process to ensure the vendor platform is used effectively and efficiently, ensuring all required written communications are retained from all sources.
• Support HR and other business departments by onboarding new hires, obtaining questionnaires and attestations in a timely manner, and performing functions such as U-4 filings, fingerprinting, disclosures, OBAs, PAD, and onboarding training.
• Support compliance program enhancements in response to evolving regulatory requirements and business changes, and participate in firm responses to regulatory examinations, audits, and inquiries.

What You Bring

• Series 7 and 24 qualifications, with the ability to obtain others quickly.
• Minimum of 5 years of proven experience in a retail fintech Broker Dealer compliance department and working with regulators.
• Comprehensive understanding of applicable laws, regulations, requirements, and industry practices.
• Previous experience implementing a Broker Dealer compliance program.
• Ability to think intuitively and strategically.
• Strong problem-solving and quick-thinking skills.
• Ability to negotiate and collaborate with others, adapt to change, make difficult decisions, and accept challenging assignments.
• Ability to work independently and manage multiple complex projects simultaneously.