Block
Financial Crimes Compliance Analyst
Block, San Francisco, California, United States, 94199
Block
Block is Square, Cash App, Spiral, TIDAL, TBD, and our foundational teams. 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 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 programs, and more. Every challenge creates possibilities, and we need different perspectives to see them all. Bring yours to Block. Square Financial Services, Inc. (SFS) is Block’s bank. We opened in March 2021 and provide lending and FDIC-insured deposit products to small businesses on a nationwide basis. Job Description
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. You will: 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 Qualifications
You have: Minimum 5 years experience in the financial services industry, preferably in AML/CFT or fraud detection and investigation, risk management, or compliance 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) Nice to have: Experience in SQL (experience with Vertica/Snowflake a plus) Additional Information
Block takes a market-based approach to pay, and pay may vary depending on your location. U.S. locations are categorized into one of four zones based on a cost of labor index for that geographic area. The successful candidate’s starting pay will be determined based on job-related skills, experience, qualifications, work location, and market conditions. These ranges may be modified in the future. Zone A: USD $122,900 - USD $184,300 Zone B: USD $114,200 - USD $171,400 Zone C: USD $108,200 - USD $162,200 Zone D: USD $98,300 - USD $147,500 To find a location’s zone designation, please refer to this salary resource. If a location of interest is not listed, please speak with a recruiter for additional information. Full-time employee benefits include the following: 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 These benefits are further detailed in Block's policies. This role is also eligible to participate in Block's equity plan subject to the terms of the applicable plans and policies, and may be eligible for a sign-on bonus. Sales roles may be eligible to participate in a commission plan subject to the terms of the applicable plans and policies. Pay and benefits are subject to change at any time, consistent with the terms of any applicable compensation or benefit plans. 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 a proud equal opportunity employer. We work hard to evaluate all employees and job applicants consistently, without regard to race, color, religion, gender, national origin, age, disability, veteran status, pregnancy, gender expression or identity, sexual orientation, citizenship, or any other legally protected class. 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. Block will consider qualified applicants with arrest or conviction records for employment in accordance with state and local laws and “fair chance” ordinances. Because the material duties of this role involve direct or indirect access to sensitive personal or financial data, a criminal background check is required following a contingent offer of employment. While there is no specific deadline to apply for this role, on average, U.S. open roles are posted for 70 days before being filled by a successful candidate. Block, Inc. (NYSE: SQ) is a global technology company with a focus on financial services. Made up of Square, Cash App, Spiral, TIDAL, and TBD, we build tools to help more people access the economy.
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Block is Square, Cash App, Spiral, TIDAL, TBD, and our foundational teams. 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 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 programs, and more. Every challenge creates possibilities, and we need different perspectives to see them all. Bring yours to Block. Square Financial Services, Inc. (SFS) is Block’s bank. We opened in March 2021 and provide lending and FDIC-insured deposit products to small businesses on a nationwide basis. Job Description
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. You will: 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 Qualifications
You have: Minimum 5 years experience in the financial services industry, preferably in AML/CFT or fraud detection and investigation, risk management, or compliance 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) Nice to have: Experience in SQL (experience with Vertica/Snowflake a plus) Additional Information
Block takes a market-based approach to pay, and pay may vary depending on your location. U.S. locations are categorized into one of four zones based on a cost of labor index for that geographic area. The successful candidate’s starting pay will be determined based on job-related skills, experience, qualifications, work location, and market conditions. These ranges may be modified in the future. Zone A: USD $122,900 - USD $184,300 Zone B: USD $114,200 - USD $171,400 Zone C: USD $108,200 - USD $162,200 Zone D: USD $98,300 - USD $147,500 To find a location’s zone designation, please refer to this salary resource. If a location of interest is not listed, please speak with a recruiter for additional information. Full-time employee benefits include the following: 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 These benefits are further detailed in Block's policies. This role is also eligible to participate in Block's equity plan subject to the terms of the applicable plans and policies, and may be eligible for a sign-on bonus. Sales roles may be eligible to participate in a commission plan subject to the terms of the applicable plans and policies. Pay and benefits are subject to change at any time, consistent with the terms of any applicable compensation or benefit plans. 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 a proud equal opportunity employer. We work hard to evaluate all employees and job applicants consistently, without regard to race, color, religion, gender, national origin, age, disability, veteran status, pregnancy, gender expression or identity, sexual orientation, citizenship, or any other legally protected class. 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. Block will consider qualified applicants with arrest or conviction records for employment in accordance with state and local laws and “fair chance” ordinances. Because the material duties of this role involve direct or indirect access to sensitive personal or financial data, a criminal background check is required following a contingent offer of employment. While there is no specific deadline to apply for this role, on average, U.S. open roles are posted for 70 days before being filled by a successful candidate. Block, Inc. (NYSE: SQ) is a global technology company with a focus on financial services. Made up of Square, Cash App, Spiral, TIDAL, and TBD, we build tools to help more people access the economy.
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