Chief Trust Officer--Paxos

Posted: March 22, 2022

 

Paxos
Chief Trust Officer
Remote (Offices located in NYC, London, Singapore)

 

 

Paxos is on a mission to enable the movement of any asset, any time, in a trustworthy way. Today’s financial infrastructure is archaic, expensive, inefficient and risky - supporting a system that leaves out more people than it lets in. So we’re rebuilding it.
 

As a regulated blockchain infrastructure company, we use technology to tokenize, custody, trade, and settle assets for enterprise clients like PayPal, Novi, Bank of America, and Interactive Brokers. Paxos is a top-funded blockchain company, with more than $500 million in total funding from leading investors like OakHC/FT, Founders Fund, PayPal Ventures, and Declaration Partners. Together, we empower today’s financial leaders to build a more open, trusted economy.
 

Paxos National Trust is looking for a Chief Trust Officer for the first de novo National Trust issued to a blockchain firm. The position will be responsible for all trust activities and represent Paxos to the Office of the Comptroller of the Currency (OCC) while reporting directly to the Paxos National Trust Board of Directors.
 

As Chief Trust Officer at Paxos you’ll get to:

  • Be 100% dedicated to Paxos National Trust and report directly to the Paxos National Trust Board;

  • Serve as Paxos National Trust’s chief fiduciary officer and manage its fiduciary decision making, ensuring it encompasses not just traditional fiduciary activities but also non-traditional fiduciary activities related to Paxos National Trust’s business model (e.g., custody of cryptocurrencies and other digital assets);

  • Represent Paxos National Trust in negotiating Intercompany Transactions to ensure that Paxos National Trust’s interests are independently addressed and appropriately protected, and that the Intercompany Transactions comply with applicable law and the Affiliate Transactions Policy and are on terms and conditions that are at least as favorable to Paxos National Trust as those for comparable transactions with unrelated third-parties;

  • Assess and manage any actual or potential conflicts of interest that may arise with respect to any personnel of Paxos National Trust and/or any of its affiliates and any Intercompany Transactions or client relationships, including the allocation of client activities among Paxos National Trust and other Paxos entities;

  • Own Paxos National Trust’s third party risk management program (“TPRM Program”), subject to second line of defense oversight by the Chief Risk Officer;

  • Work closely with the other senior executive officers with respect to ongoing development of policies and procedures and risk mitigation;

  • In conjunction with the Chief Compliance Officer, ensure Paxos National Trust conducts its trust and fiduciary activities in compliance with the OCC’s regulatory requirements and guidance;

  • Assist in the preparation and reporting of Paxos National Trust’s activities to the Paxos National Trust Board and regulators; and

  • Assist in the development of performance goals and metrics for Paxos National Trust personnel.
     

    Your experience should include:

  • 15+ years of experience in a risk management or compliance capacity that includes meaningful stints in financial institutions.

  • Understanding of fiduciary obligations and how to manage conflicts of interest.

  • Significant experience interfacing with the OCC.

  • Ideal candidates will have strong experience in a product-driven company.

 

Interested applicants, please contact: ngilman@paxos.com

 

 

 

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