Who We Are:
Alpaca is a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more. Our recent Series D funding round brought our total investment to over $320 million, fueling our ambitious vision.
Amongst our subsidiaries, Alpaca is a licensed financial services company, serving hundreds of financial institutions across 40 countries with our institutional-grade APIs. This includes broker-dealers, investment advisors, wealth managers, hedge funds, and crypto exchanges, totalling over 9 million brokerage accounts.
Our global team is a diverse group of experienced engineers, traders, and brokerage professionals who are working to achieve our mission of opening financial services to everyone on the planet. We're deeply committed to open-source contributions and fostering a vibrant community, continuously enhancing our award-winning, developer-friendly API and the robust infrastructure behind it.
Alpaca is proudly backed by top-tier global investors, including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Derayah Financial, Elefund, and Y Combinator.
Our Team Members:
We're a dynamic team of 380+ globally distributed members who thrive working from our favorite places around the world, with teammates spanning the USA, Canada, Japan, Hungary, Nigeria, Brazil, the UK, and beyond!
We're searching for passionate individuals eager to contribute to Alpaca's rapid growth. If you align with our core values—Stay Curious, Have Empathy, and Be Accountable—and are ready to make a significant impact, we encourage you to apply.
Your Role:
The Chief Anti-Money Laundering Officer (CAMLO) is responsible for implementing and developing Alpaca Canada’s written anti-money laundering (AML) and anti-terrorist financing (ATF) policies and procedures to ensure compliance with all regulatory requirements under CIRO, FINTRAC, and other applicable regulators. The CAMLO is a key member of the management team and will be accountable for the firm's day-to-day compliance with its AML, ATF & Sanctions program and policies ensuring proper risk assessments, documentation and reporting are maintained. You will create a process for tracking, and reporting identified potential suspicious transactions to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as required by rule. You will design and implement the firm’s AML training program which must include compliance with United Nations (UN) Regulations. As directed by the Head of Global AML & Sanctions Compliance the CAMLO will work closely with them to ensure alignment across subsidiaries, and may be assigned for other tasks and projects as needed to support the over Global AML & Sanctions Compliance.
What You’ll Be Doing (Key Responsibilities):
Policy and Program Management:
- Implement and develop Alpaca's written AML, ATF and Sanctions policies and procedures.
- Assess and document money laundering and terrorist financing risks, as well as measures to mitigate high-risk situations.
- Ensure that policies are reviewed and updated, as needed or at least annually and when there are significant changes in business operations, product offerings, or client demographics. Any recommendations to change to the program or policies must be submitted to the Chief Compliance Officer, and the Board of Directors (BOD) for approval.
- Report in a timely manner significant findings for violations or what may be deemed potential violations of the firm’s policy to Alpaca Canada’s, Chief Compliance Officer, and Board of Directors.
Client and Transaction Monitoring:
- Implement a process to ensure that all required checks for onboarding new client accounts include a customer identification, and verification process as prescribed by regulations.
- Create a risk based transaction monitoring system to ensure ongoing compliance with identifying any potential red flags, and AML concerns.
- Design a procedure that details what is considered a high-risk person or account and how the firm will monitor such accounts and activity.
Reporting and Record-Keeping:
- File all Suspicious Transaction Reports (STRs) with FINTRAC as soon as practicable and retain a copy for audit purposes. Ensure all STRs are submitted within 30 days or as needed of establishing reasonable grounds for potential suspicion activities.
- Complete and file all required monthly reports to the principal regulator, CIRO, concerning the suppression of terrorism legislation.
- Ensure that all relevant records, such as client identification documents, account opening records, and reports, are retained for a period of at least seven years, in accordance with Alpaca Canada’s policy.
- Work with the Chief Compliance Officer, as needed, from time to time to support, and supply reports and documentation as requested for internal and external auditors.
Training and Communication:
- Be responsible for the implementation and documentation of an ongoing AML compliance training program.
- Ensure that all employees receive training on AML procedures, including identifying suspicious transactions, record-keeping, and reporting requirements, as well as the potential penalties for non-compliance.
- Deliver training to new employees before they begin dealing with new clients.
- Maintain a training log with details of each session, attendees, and content.
Regulatory and Internal Liaison:
- Serve on the Risk, Compliance & Legal Committee to achieve and implement best practices in risk management and compliance for Alpaca Canada and its subsidiaries.
- Report to the Head of Global AML & Sanctions Program, CCO and UDP on compliance matters as necessary to ensure the business is conducted in compliance with AML CIRO regulations.
- Submit an annual report to the firm’s board of directors for assessing compliance with AML CIRO Rules and applicable securities laws.
- Establish an annual independent audit for Alpaca Canada’s AML program using CIRO recognized third-party auditors.
What We Look For in You (Job Requirements):
- 3+ years of experience as a CAMLO with a Canadian Securities Self-Clearing Financial Institution. The Ideal candidate will have knowledge of cross-border or multi-entity structure.
- Strong understanding of Canadian regulations with an In-depth knowledge of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), the Anti-Terrorism Act (ATA), and related Canadian and international legislation.
- Demonstrated the ability to lead cross-functional initiatives and translate local requirements into product and infrastructure plans.
- Comfortable engaging with regulators, auditors, clients, and internal stakeholders at both strategic and technical levels.
- Ability to conduct AML Risk assessments and implement mitigation measures.
- Experience with electronic reporting systems such as FINTRAC's F2R.
- Experience working in fintech, API-driven platforms, or high-growth financial services environments is a plus.
- Bachelor’s degree in Finance, Business, Law, Financial Crimes, Forensic Investigation or a related field.
- Strong communication skills and ability to influence across organizational levels.
- High ethical standards and a commitment to maintaining confidentiality.
