Risk & Controls Compliance Analyst, Block
Cash App
$100.5-153.6k
+ Employee Stock Purchase Program and equity; Salary dependent on location
Financial services ecosystem
Job no longer available
Financial services ecosystem
1001+ employees
Job no longer available
$100.5-153.6k
+ Employee Stock Purchase Program and equity; Salary dependent on location
1001+ employees
Company mission
To create better tools to help everyone access the economy.
Role
Who you are
- 4+ relevant industry experience in risk management, business management, operational risk, middle office, product control or other relevant control functions, preferably from highly regulated financial institutions
- Strong understanding of risk frameworks and methodologies
- Proven ability to document risk and control language to appropriate industry standards
- An understanding and expertise in payments, Fraud, AML, products and related control principles
- Experience building and implementing risk programs or frameworks
- Project management and strong relationship skills with cross functional partners
- A metrics-driven approach in communicating issues
- A track record of collaboration across different businesses, regions and teams
- Global mindset, with regional and global product understanding
- Advanced Excel (can perform complex functions), and database management skills
- SQL skills preferred, but not required
- Previous experience documenting model or engineering controls a plus
What the job involves
- The Cash App Product Compliance Team works across the organization to create Compliance strategies that promote the global growth and launch of Block products and services
- These products and services are known to promote creative solutions to hard problems
- Block is looking for a Risk and Controls Analyst to work in the Product Risk and Controls team to promote and help grow CashApp
- You will partner with your team to create the risk and compliance approach for the Cash App business, by providing subject-matter expertise in product and compliance control documentation as well as data analysis
- This includes continuing to establish a risk and controls library, conducting controls gap analysis, and documenting controls mapping based on industry best practices, compliance policies and regulatory requirements
- You will help ensure that we identify, assess and monitor and report on the appropriate product and compliance controls for all products in the Cash App ecosystem
- You will partner with team members across Compliance, Governance, Risk Management, Operational Excellence, Product and Engineering teams
- You will report to our Product Risk and Controls Lead, Cash App and will play a pivotal role in helping to build compliant, world class digital products and features
- Contribute to the scoping, design and implementation of the existing Risk and Control program to build an efficient second line framework across Cash App products and systems
- Partner with Product Managers, Risk Management and Compliance to design and deliver product control solutions, tactically where required
- Work with Risk Management, Product Managers, Compliance, and Engineering to improve control enhancement programs, and investigate control failures
- Assist the Product Risk and Controls Lead with risk-based assessments and gap analyses of current Product and Compliance controls
- Ensure that relevant control standards and documentation are updated, and practices are considered for new products or changes
- Embed new controls into product and compliance dashboards
- Assist Product Risk and Control Lead to implement plans to evolve control framework including ongoing migration of detective controls to become preventative as well as manual processes becoming automated
- Partner with Cash App businesses to ensure compliance with relevant Block policies, also external regulatory expectations and industry standards where relevant
- Assist Engineering team in the understanding of control requirements to be used to validate control effectiveness through exception reports
- Review and report out on miscellaneous exception reports
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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