Regulatory Counsel, Block
$185.2-326.8k
+ Equity and Bonus, subject to the applicable plans and policies; Salary dependent on location
Financial services ecosystem
Job no longer available
Financial services ecosystem
1001+ employees
Job no longer available
$185.2-326.8k
+ Equity and Bonus, subject to the applicable plans and policies; Salary dependent on location
1001+ employees
Company mission
To create better tools to help everyone access the economy.
Role
Who you are
- A law degree (JD) and you are licensed to practice in the United States
- 6+ years of experience working for a financial services regulatory agency, in-house fintech or bank legal department, or law firm
- Working knowledge of key financial services rules and regulations (e.g., BSA/AML, sanctions, FinCEN and OFAC rules, Fair Credit Reporting Act, third-party risk management frameworks, FDI Act, unclaimed property laws, CFPB Regulation E, PCI DSS, Nacha requirements, state money transmission laws)
- Experience working with US financial services regulators (state or federal); experience with regulators outside of the US is a plus
- A team-oriented, collaborative approach
What the job involves
- We are looking for an attorney to provide guidance on regulatory matters and industry developments related to Square’s expanding payments and financial services activities
- This is a great opportunity for a collaborative, creative legal mind who is interested in contributing to company-wide programs to support compliance with licensing, regulatory, and payment systems requirements
- This is a full-time role, reporting to Square's General Counsel
- Deliver business-oriented legal advice on regulatory matters for new and existing payment processing and financial services products
- Support our regulatory change management program by tracking regulatory developments and evaluating how new laws and regulations might affect our business
- Team up with other Block Regulatory Counsel to help shape regulatory strategy across the Block ecosystem
- Partner with government relations teams to evaluate state and federal legislative proposals
- Work with our product, risk, industry relations, and compliance teams on risk assessments, internal audits, and regulatory exams
- Provide regulatory support to our Complaints Management team
- Analyze and train others on emerging regulatory and policy trends related to generative AI
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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