Financial Crimes Compliance Program Manager

Block is one company built from many blocks, all united by the same purpose of economic empowerment. The blocks that form our foundational teams — People, Finance, Counsel, Hardware, Information Security, Platform Infrastructure Engineering, and more — provide support and guidance at the corporate level. They work across business groups and around the globe, spanning time zones and disciplines to develop inclusive People policies, forecast finances, give legal counsel, safeguard systems, nurture new initiatives, and more. Every challenge creates possibilities, and we need different perspectives to see them all. Bring yours to Block.

Square Financial Services, Inc. ("SFS" or the “Bank”) is Block’s bank. We opened in March 2021 and provide lending and FDIC-insured deposit products to individuals and small businesses on a nationwide basis.

The SFS Compliance Team is seeking an innovative Senior Program Manager to oversee the management of its financial crimes compliance program. This position will be responsible for annual compliance initiatives (risk assessment, policy governance, audit support) and for ensuring new products and services are incorporated into the Bank’s compliance program.  

You Will:

• Conduct annual and ad-hoc AML/CFT and OFAC risk assessments and implement appropriate compliance remediations accordingly.
• Manage updates to AML/CFT Policy and program supplements.
• Manage financial crimes issue management program, including tracking and owning action plans as appropriate.  
• Communicate and prepare regular reporting to senior management and Board of Directors regarding the Bank’s financial crimes programs’ status and ongoing goals.
• Lead and liaise with cross-functional teams such as Product, Engineering, Risk, Operations, and Legal to ensure alignment with compliance requirements; delegating and overseeing assigned tasks on the underlying project(s).
• Partner with Block Vendor Management and SFS Risk to manage third-party relationships with critical financial crime vendors.
• Review updates to business policies and procedures for compliance AML/CFT Policy.
• Review and maintain annual AML/CFT and OFAC training content.
• Participate in audits and regulatory examinations. Assist in addressing deficiencies and help prepare responses.
• Represent Bank Compliance on cross-functional initiatives (transaction monitoring coverage assessment, compliance technology/systems enhancements, vendor management, etc.).
• Complete additional projects and duties as directed.

You Have:

• Minimum of 10 years of experience in financial crimes compliance roles at a bank or financial technology company spanning both commercial and consumer customers. Large bank experience is preferred. 
• Proficient knowledge of financial crimes laws and regulations at the state and federal level.
• Ability to understand and communicate legal and regulatory concepts and convert them into relevant, practical business requirements.
• Ability to interface effectively and build relationships with counterparts and partners both internal and external to the Bank.
• Ability to handle a fast-paced environment, take ownership of projects, and successfully meet established project deadline requirements.
• Ability to develop and implement new policies, procedure documents, strategies, and work processes across multiple operational units and business affiliates.
• Ability to communicate complex concepts and workflow for a range of audiences, align processes with cross-functional teams, and lead a meeting towards a decision.
• Comfort with living in ambiguity at times, with an eye toward continuous improvement. You can be flexible to changing priorities and open to new ideas as we continue to grow and evolve.
• Excellent oral and technical writing skills, presentation skills.
• CAMS designation or similar preferred

We’re working to build a more inclusive economy where our customers have equal access to opportunity, and we strive to live by these same values in building our workplace. Block is an equal opportunity employer evaluating all employees and job applicants without regard to identity or any legally protected class. We also consider qualified applicants with criminal histories for employment on our team, and always assess candidates on an individualized basis.

We believe in being fair, and are committed to an inclusive interview experience, including providing reasonable accommodations to disabled applicants throughout the recruitment process. We encourage applicants to share any needed accommodations with their recruiter, who will treat these requests as confidentially as possible. Want to learn more about what we’re doing to build a workplace that is fair and square? Check out our I+D page.

Block will consider qualified applicants with arrest or conviction records for employment in accordance with state and local laws and “fair chance” ordinances.