Financial Crimes Compliance Analyst, Block
$98.3-184.3k
Salary dependent on location. + Equity
Financial services ecosystem
Job no longer available
Financial services ecosystem
1001+ employees
Job no longer available
$98.3-184.3k
Salary dependent on location. + Equity
1001+ employees
Company mission
To create better tools to help everyone access the economy.
Role
Who you are
- Minimum 5 years experience in the financial services industry, preferably in AML/CFT or fraud detection and investigation, risk management, or compliance
- 4-year undergraduate degree (minimum)
- Ability to think dynamically, multi-task, organize, and prioritize responsibilities
- Experience understanding legal and regulatory concepts and converting them into relevant, practical business requirements
- Experience in case management systems (Actimize, Fiserv, etc.)
- Experience investigating activity in common consumer and business financial products (checking, savings, loans, P2P payments)
Desirable
- Experience in SQL (experience with Vertica/Snowflake a plus)
- AML/CFT Certifications (ACFCS, ACAMS, etc.)
What the job involves
- Square Financial Services is looking for someone who is an experienced and motivated professional to combat AML/CFT and Sanctions risk as part of the Financial Crimes Compliance team
- The Financial Crimes Compliance Analyst is primarily responsible for investigating cases of suspected money laundering or fraud, analyzing trends in nefarious activity, and devising strategies to prevent or mitigate risk associated with such activity
- You will report to the Square Financial Services Financial Crimes Compliance Lead
- Monitor and act upon compliance-related alerts and referrals
- Investigate and document incidents of potential money laundering, fraud, terrorist financing, and other financial crimes
- Utilize internal and external resources to identify and analyze financial crimes trends
- Collaborate cross-functionally with Compliance, Risk, Operations, and other partner teams in support of the Bank’s AML/CFT program
- Identify and assess weak points and make appropriate recommendations to prevent and/or minimize financial crimes risk to the Bank
- Contribute to projects optimizing the AML/CFT regulatory program and Bank operation team's processes
- Compile time-sensitive reporting for senior management
- File and review Suspicious Activity Reports
- Occasionally attend compliance-related seminars to stay abreast of the compliance industry
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
Insights
Few candidates hear
back within 2 weeks
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
Articles
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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