Chief Compliance Officer and VP Investments

at  Loop Global Inc

ABOUT LOOP

Loop is a fast-growing FinTech high growth startup that enables businesses to seamlessly manage money around the world so our clients can access more markets, accelerate their growth and simplify their operations with the only truly cross-border banking platform. Loop is enabling the next generation of businesses to thrive around the world and we are looking for ambitious people to join our mission.
Hi, I’m Cato, CEO and Co-Founder of Loop and I am hiring a Chief Compliance Officer and VP Investments to ensure compliance with all regulatory requirements across all of Loop’s entities and manage the capital raising efforts for all of the firm’s investment product offerings. This dual-role position will require a deep understanding of both portfolio management and compliance of regulated financial services businesses. You will be expected to work closely with both risk and operations in order to provide direction and guidance on product offerings and compliance matters. This role is an onsite position at our downtown Toronto office.

HERE’S THE TL;DR ON LOOP

Loop is a fast-growing FinTech high growth startup that enables businesses to seamlessly manage money around the world so our clients can access more markets, accelerate their growth and simplify their operations with the only truly cross-border banking platform. Loop is enabling the next generation of businesses to thrive around the world and we are looking for ambitious people to join our mission.

WHERE YOU COME IN

We are seeking a seasoned investments and compliance professional to manage our investment products while also maintaining our company wide policies, enhance our compliance framework and ensure our organization is compliant with legislation as well as manage external partners and vendors.
You will be responsible for managing the investment products that are offered by Loop, helping to maintain and build new product offerings that align with our product roadmap. You will oversee our capital raising strategies and interface with our finance, product and operations team to build out our offerings. You will also be responsible for portfolio construction as a Portfolio Manager for the investment products offered to Loop’s customers.
In addition to owning investments, you will be responsible for implementing, and managing all aspects of the compliance program to ensure the company’s operations comply with legal and regulatory requirements both within Canada and internationally. This role involves leading the compliance function, advising the executive team on compliance-related matters, and fostering a culture of ethical business practices. In addition, you will act as the Chief Privacy Officer (“CPO”) and Chief Anti-Money Laundering Officer (“CAMLO”) for Loop and our regulated subsidiaries.

Compliance:

• Lead the development, implementation, and maintenance of the firm’s compliance program.
• Ensure compliance with all relevant regulations that are applicable to Loop’s business, which includes but is not limited to:
• Retail Payment Activities Act (RPAA)
• Provincial Securities Laws
• FINTRAC and Proceeds of Crime (Money Laundering) & Terrorist Financing Act (PCMLTFA)
• Lending Regulation
• Privacy Law (PIPEDA)
• Draft, review, maintain and ensure the implementation of all compliance and risk related policies and procedures, including but not limited to training programs, privacy management, complaints management and record-keeping requirements.
• Prepare and submit regulatory filings and reports to relevant authorities as necessary.
• Conduct regular compliance audits and risk assessments and analyses to identify potential risks across all business functions.
• Investigate, maintain records of and resolve compliance issues and incidents.
• Develop, test and maintain incident and crisis management plans to effectively respond to and manage potential risk events.
• Stay updated on regulatory changes and industry best practices.
• Work with the product team to identify compliance requirements for new proposed offerings
• Provide expert advice to the Leadership team and board on compliance and risk matters.
• Serve as the liaison with regulatory bodies, external auditors, bank partners and government officials.

Investment Management:
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Help Loop to obtain registration as a registered Portfolio Manager, acting as the registered PM and CCO

• Develop and implement investment strategies that align with the firm’s objectives and client needs.
• Oversee the portfolio management function to ensure optimal performance and risk management.
• Conduct regular portfolio reviews and performance analysis.
• Stay abreast of market trends, economic conditions, and regulatory changes impacting investment strategies.
• Work with the product team to build investment opportunities that can be offered to clients through Loop’s product.
• Support the leadership team on capital raising initiatives for the various fundraising requirements of the company.