Lending Regulatory Counsel Lead, Block
$263.6-395.4k
+ Employee Stock Purchase Program and equity
Financial services ecosystem
Job no longer available
Financial services ecosystem
1001+ employees
Job no longer available
$263.6-395.4k
+ Employee Stock Purchase Program and equity
1001+ employees
Company mission
To create better tools to help everyone access the economy.
Role
Who you are
- 10+ years (minimum) lending experience working in an in-house organization or commercial law firm; experience in financial services, commercial and consumer lending, FinTech and/or technology desirable
- Fluency in translating lending regulatory requirements and legal advice into actionable guidance for business and product teams
- Ability to advocate for a position while maintaining a collaborative approach
- Deep experience handling lending regulatory and enforcement matters and prior relationships with relevant regulators
- Background in providing legal advice on regulatory matters, partnering with regulators on licensing and enforcement matters, and assisting with new market diligence and entry into international jurisdictions
- The ability to problem solve, meet deliverables on time and work in an evolving and growing environment that is prone to changes
- Experience managing a world class team of license and exam managers and attorneys
- Outstanding communication skills, both written and verbal and ability to advocate for a position while maintaining a collaborative and open-minded approach
- Sound and practical business judgment, intellectual creativity and problem-solving skills
- J.D., and an active membership and good standing with a US state bar
- This is an exciting opportunity for a highly engaged candidate with a passion for all things consumer and commercial lending to join a creative and growing company
What the job involves
- Block is looking for an experienced lending regulatory attorney to lead Block’s U.S. and international lending regulatory team
- We are looking for a collaborative, creative legal mind who is interested in contributing to company-wide programs to support compliance with licensing, regulatory and lending requirements
- Will report to the Block Regulatory Lead
- Lead a global team of lending regulatory attorneys and license exam managers
- Advise on multiple regulatory matters, specifically as it relates to lending, affecting Block's growing global business
- Keep the business up to speed on how to offer remarkable product solutions to our customers that meet local regulatory requirements
- Identify, summarize, and analyze the impact of new and proposed applicable rules and regulations
- Oversee the lending licensing application and management function for existing and new non-U.S. jurisdictions
- Identify risk areas and develop systems, policies, and procedures to manage and mitigate them
- Represent Block with regulators and external partners on regulatory matters and handle regulatory inquiries
- Provide legal and regulatory advice on our lending products to members of the Counsel team and partners
Otta's take
Sam Franklin
CEO of Otta
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.
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
Founders
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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