US Regulatory Lead, Block
Square Compliance
$239.6-359.4k
+ Equity plan
Financial services ecosystem
Job no longer available
Financial services ecosystem
1001+ employees
Job no longer available
$239.6-359.4k
+ Equity plan
1001+ employees
Company mission
To create better tools to help everyone access the economy.
Role
Who you are
- Minimum 7 years of work experience in a project management-based role and compliance roles
- Minimum of 15 years Experience in the governance of an anti-money laundering program within the financial services space
- Knowledge in payment regulations or scheme rules
- An analytical and metrics-driven approach to create substantiated solutions
- Experience collaborating with team members and partners of all levels
- Experience working resourcefully and methodically
- Experience working in a fast-paced environment with a track record of successfully managing regulatory compliance programs
What the job involves
- The Square Compliance team is looking for a highly skilled and experienced Regulatory Program Manager to join our dynamic team
- As the Regulatory Program Manager, you will be responsible for overseeing internal controls, risk assessments, compliance with regulatory requirements, interaction with global governance team as well as audit teams, addressing regulatory exams and issues management, as well as implementing and driving the strategy to ensure adherence to industry standards and regulations
- The Regulatory Program Manager will report to the Head of Square Compliance and work internally alongside the Compliance Product Managers, Program Managers and the Compliance Leads to enhance and mature our compliance program
- Additionally, the Program Manager will also collaborate with other teams at Square and external parties
- Work with the foundational teams to manage external audits and examinations for Square Compliance and design and manage any necessary remediation efforts
- Help create Square Compliance specific content that is included in the materials and documentations distributed to the Board of Directors across markets following Block’s directions
- Develop program documentation related to the Square compliance program
- Work cross-functionally with Block’s compliance governance, Internal Audit, Legal, and other teams within Square to support our BSA/AML Program
- Conduct and implement ongoing enhancements to our AML and Sanctions internal controls and partner with internal Testing and Monitoring to action items arising from testing
- Work with product compliance team on managing the requirements and controls for new product launch and existing product enhancements
- Support the end-to-end implementation of assigned programs
- Communicate progress and results to all relevant partners
- Stay on top of regulatory developments, industry trends and Square roadmaps to guide decisions
Our take
Block is a financial services technology company comprising of Square, Cash App, Spiral, TIDAL, and TBD. Its biggest brand, Square, offers hardware and software for small to medium-sized businesses enabling them to manage the entire payment lifecycle. It functions similarly to Shopify and Stripe, but has paired online payment processing with physical devices such as registers, payment terminals, and mobile card readers.
The business was originally founded as Square in 2009 by Jack Dorsey of Twitter fame. Already well-established with SMEs all over the globe, Square has significantly benefited from the increased demand for mobile payment systems. Its order management feature remains a go-to tool for small businesses that otherwise didn't have the proper infrastructure in place when demand for home delivery surged.
Square rebranded as Block in December 2021, with the Square brand name remaining in place for their seller business. The company has since come under fire for its security practices, facing lawsuits in relation to a major breach of CashApp user data, and in 2024 announced plans to reduce its workforce in order to cut costs. Despite these setbacks, there is every chance the business will move past this, though it may take some time to rebuild trust in its product.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
19% employee growth in 12 months
Company
Company benefits
- Healthcare coverage (Medical, Vision and Dental insurance)
- Health Savings Account and Flexible Spending Account
- Retirement Plans including company match
- Employee Stock Purchase Program
- Wellness programs, including access to mental health, 1:1 financial planners, and a monthly wellness allowance
- Paid parental and caregiving leave
- Paid time off (including 12 paid holidays)
- Paid sick leave (1 hour per 26 hours worked (max 80 hours per calendar year to the extent legally permissible) for non-exempt employees and covered by our Flexible Time Off policy for exempt employees)
- Learning and Development resources
- Paid Life insurance, AD&D, and disability benefits
Company HQ
SoMa, San Francisco, CA
Leadership
Jack Dorsey
(CEO)Having studied at and dropped out of New York University, Jack founded Twitter in March 2006, where he has served as CEO since. He co-founded Square with Jim in February 2009, and has remained its CEO ever since.
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