Assistant Chief Engineer

Chief Product Officer • Chatham-Kent, ON

Last updated: 7 days ago

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.

About the Role

Hi, I'm Cato, CEO and Co-Founder of Loop and I am hiring a Head of Compliance and Legal to ensure compliance with all regulatory requirements across all of Loop's entities and lead and execute our legal strategy. This position will require a deep understanding of both compliance of regulated financial services businesses and legal frameworks across Canada. This role is an onsite position at our downtown Toronto office (Adelaide and Spadina).

Where You Come In

We are seeking a seasoned compliance and legal professional to maintain our company policies, ensure our organization is compliant with applicable regulations and help manage our commercial and strategic partnerships. In addition to owning legal requirements, you will be responsible for implementing, and managing all aspects of our compliance programs.

You will act as the Chief Privacy Officer (“CPO”), Chief Anti-Money Laundering Officer (“CAMLO”) and Chief Compliance Officer (“CCO”) for Loop and our regulated subsidiaries. You will be expected to obtain and maintain any necessary requirements to maintain these positions.

In this role, you will be part of the company's leadership team and report directly to the CEO.

What You’ll Be Doing

Compliance :

1. Lead the development, implementation, and maintenance of the firm's compliance program, ensuring compliance with all relevant regulations that are applicable to Loop's business, which includes but is not limited to:

• FINTRAC and Proceeds of Crime (Money Laundering) & Terrorist Financing Act (PCMLTFA)
• Retail Payment Activities Act (RPAA)
• Provincial Securities Laws
• Lending Regulation
• Privacy Law (PIPEDA)
• International payment and banking regulations

Legal :

1. Lead the process for obtaining necessary financial licenses and registrations for current and future products, serving as the primary liaison with regulatory bodies.
2. Work closely with product, engineering, and business teams to ensure financial products and services comply with Canadian laws, including payments, lending, securities, and banking regulations.
3. Draft, negotiate, and review commercial contracts, partnership agreements, and corporate governance documents, ensuring legal protections align with business objectives.
4. Advise on all internal legal matters including contract, employment, financial and other legal matters.
5. Lead legal responses in cases of regulatory inquiries, compliance audits, data breaches, or litigation (and managing relationships with external counsel as applicable).

What We’re Looking For

1. Minimum of 5 years of experience in a legal position.
2. Familiarity with laws and regulations applicable to fintech or financial services including payments, lending, securities, and banking.
3. Law degree (JD / LLB) and admission to a relevant bar association (if applicable).
4. Ability to work in a fast-paced environment with willingness to both execute small tasks and manage strategic projects.
5. Ability to communicate complex legal concepts to business and technical teams clearly and concisely.
6. Experience working with regulators, obtaining financial licenses, and advising on international compliance matters.

People You’ll Be Working With

• Cato Pastoll, CEO
• Sarah, Chief of Staff
• Arjun, Head of Product and Operations
• Hillary, Credit and Risk Lead
• Board of Directors of Loop

What’s in it for you?

1. Opportunity to be part of a high-growth FinTech startup.
2. Make a real impact as one of the first leadership hires.
3. Competitive salary and equity.
4. Chance to work in an energetic, fast-paced, and collaborative startup culture.

What we offer

1. Salary range CAD$180,000-$220,000 annually, commensurate with experience.
2. Equity ranging from 0.25%-1.00%.
3. 4 weeks vacation.
4. Enrollment in group’s health benefits after probation period.
5. Kitchen full of snacks and drinks to keep you going throughout the day.
6. Catered lunch on Mondays (we take recommendations!).

Interview Process

1. 30 minutes video call to discuss the opportunity and the organization with Sarah, Chief of Staff.
2. 30 minutes video call to discuss the opportunity in more depth with Cato, CEO and Co-Founder.
3. 90 minutes in person meetings with three team members.
4. Take home questionnaire.
5. 45 minutes in person meeting with Cato, CEO and Co-Founder.
6. Background check and offer.

Our Mission, Vision and Values

Mission : To help businesses seamlessly manage money around the world so they can access more markets, save money and simplify their operations.

Vision : The future of business is global by default. Loop will be the first business bank that is global by default.

Values : Act with Urgency, Take Radical Ownership and Be Kind.

How to Apply

To apply for this position, please click “apply” and share your resume, alongside a brief paragraph about yourself and your previous experience in compliance and legal.

Loop is committed to creating a diverse culture. We encourage you to apply regardless of who you are or where you came from - what matters is the journey ahead.