Compliance Monitoring & Testing, Bitgo
$120-150.4k
+ Equity
Digital asset financial services for instuitutions
Open for applications
Digital asset financial services for instuitutions
201-500 employees
Open for applications
$120-150.4k
+ Equity
201-500 employees
Company mission
BitGo's mission is to deliver trust in digital assets.
Role
Who you are
- 4+ years of relevant compliance experience within financial services
- Strong track record of expertise within compliance monitoring and testing including the authoring of procedural documentation, creating testing/monitoring programs from scratch, etc
- Experience in managing a team of compliance professionals at several different levels (Associate/Specialist, Compliance Officer/Manager, etc.)
- Ability to interact/communicate effectively with all levels of management, regulators, and examiners
- Comprehensive understanding of general banking and brokerage operations activities, products and services, and compliance regulations and laws
- Familiarity and/or interest in cryptocurrency/digital assets
- Ability to proactively identify and assess potential concerns and risks
- Influential and team-oriented
- Exceptional interpersonal, writing, communication, and organizational skills with the ability to work autonomously as well as collaboratively within a team environment
- Good organizational and time management skills
What the job involves
- BitGo is looking to hire a Compliance Monitoring & Testing professional
- Reporting directly into our Deputy Chief Compliance Officer, this is an excellent opportunity to occupy a crucial Compliance leadership role where you’ll be able to utilize your expertise while taking on the challenge of building out a Compliance Monitoring and Testing program at a rapidly growing cryptocurrency/digital asset firm
- Work as a key member of our Compliance team
- Prepare reports for the Executive Management and Board of Directors on a periodic basis
- Lead the development and implementation of enterprise testing programs in addition to determining the accuracy and completeness of each program
- Liaise with various other teams to ensure monitoring and testing results are remediated
- Contribute and partner with business, operations, technology, and other second line of defense teams to execute on mandates and improve existing processes including customer onboarding, new product and service approval and delivery, technology enhancements, and asset due diligence
- Assist in the management of regulatory exams including the South Dakota Division of Banking and the NYDFS
- Exemplify a willingness to take on additional responsibilities as needed
Our take
The digital asset industry is maturing, with asset companies looking to shore up their positions by adding secure custody capabilities. This is good news for BitGo, an independent, regulated cryptocurrency custodian company providing security, custody, and liquidity solutions.
BitGo’s flagship multi-signature wallet solution helps its clients mitigate risk and optimize capital efficiency. The company has subsequently expanded to also cover a number of areas that are critical for any holder of major crypto assets - like portfolio and tax management. In this, BitGo was smart to focus exclusively on institutional clients: there’s huge appetite among larger players to expedite the mainstreaming of crypto, and they’ll need precisely BitGo’s tools to get there.
BitGo was in talks to be acquired by PayPal, and most recently Galaxy Digital, which speaks to a strong institutional confidence in the crypto wave. In spite of a rocky year for the digital assets (which now sees BitGo suing Galaxy Digital for pulling out of the acquisition deal), BitGo has manoeuvred itself into a central position to capitalize on what, now, seems a near-inevitable period of mass adoption. Exemplifying this, the BitGo Ventures wing of the company was launched in 2024 to partner with and invest in cutting edge blockchain and fintech startups.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
-26% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Aug 2023
$100m
SERIES C
Oct 2018
$16m
SERIES B
Total funding: $170.5m
Company benefits
- Company-paid medical, dental, and vision plans
- Catered lunches, fresh snacks, and gourmet coffee
- Commuting made easy with company-paid Caltrain passes
- Competitive compensation, stock options, and 401k plan
- Top-end computer equipment to power your work
- Flexible vacation time
- Remote/hybrid friendly with physical location workspaces
Company values
- Open communication
- Craftsmanship
- Accountability
- Collaboration
- Client-first
Company HQ
Evergreen Park, Palo Alto, CA
Articles
Leadership
Mike Belshe
(CEO)Previously Director of Engineering at Good Technology, who went on to found Cookout Software - and then move to Google as a Software Engineer/Development Manager when the latter company bought out the startup. Has served as BitGo CEO for over a decade.
Ben Davenport
(Advisor)Has spent time as a Software Engineer at Microsoft, Google, and Facebook, and worked on algorithm development at Hudson River Trading. Additionally co-founded and led Beluga, a mobile group messaging solution that was ultimately bought by Facebook, and became Facebook Messenger.
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