Compliance Specialist, Block
UUP
USD $30.96 - USD $50.43. Actual salary depends on location
Financial services ecosystem
Job no longer available
Financial services ecosystem
1001+ employees
Job no longer available
USD $30.96 - USD $50.43. Actual salary depends on location
1001+ employees
Company mission
To create better tools to help everyone access the economy.
Role
Who you are
- 3+ years experience in BSA/AML or Fraud related work
- BA/BS degree or equivalent practical experience
- Strong investigative skills, including familiarity with public record research and database tools
- Demonstrated transaction analysis skills that apply across numerous financial products in complex scenarios
- Familiarity with relevant BSA/AML laws and regulations and industry best practices
- Written communication skills that show focus to details and accuracy
- An ability to work in a fast-paced environment and adjust quickly as things change
What the job involves
- You will support the Compliance operations team by conducting due diligence reviews on customer’s accounts, inclusive of complex transactional reviews
- You will collaborate with Compliance and Risk team members to ensure consistency in review processes
- Verify customer information and conduct due diligence reviews as part of Block's policies
- Conduct appropriate levels of due diligence on accounts based on the customer’s risk score
- Stay up to date with regulatory updates and new requirements, and understand overall impact to daily work
- Contribute to projects optimizing the regulatory program and operation team's processes
- Work in collaboration with Support, Risk, and other operations teams within Block
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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