Product Compliance Manager, Seller

Company Description

Since we opened our doors in 2009, the world of commerce has evolved immensely, and so has Square. After enabling anyone to take payments and never miss a sale, we saw sellers stymied by disparate, outmoded products and tools that wouldn’t work together.

So we expanded into software and started building integrated, omnichannel solutions – to help sellers sell online, manage inventory, offer buy now, pay later functionality through Afterpay, book appointments, engage loyal buyers, and hire and pay staff. Across it all, we’ve embedded financial services tools at the point of sale, so merchants can access a business loan and manage their cash flow in one place. Afterpay furthers our goal to provide omnichannel tools that unlock meaningful value and growth, enabling sellers to capture the next generation shopper, increase order sizes, and compete at a larger scale.

Today, we are a partner to sellers of all sizes – large, enterprise-scale businesses with complex operations, sellers just starting, as well as merchants who began selling with Square and have grown larger over time. As our sellers grow, so do our solutions. There is a massive opportunity in front of us. We’re building a significant, meaningful, and lasting business, and we are helping sellers worldwide do the same.

Job Description

The Product Compliance team creates compliance strategies that allow the launch and growth of Square products globally. These products are finding creative solutions to hard problems. Square is looking for a Product Compliance Manager to provide expertise in industry best practices and regulatory requirements for the US market. You will report to a Global Product Lead and ensure that we assess compliance needs, design, and implement applicable policies, and construct internal infrastructure to build success for Square.

You will:

• Advise cross-functional product and platform teams and create compliance programs to facilitate the growth of Squares payment platform across existing and new markets

• Build a tactical roadmap by negotiating with product, engineering and operations teams and set objectives that align with product launches
• Project manage launches within the new product compliance governance framework, including documenting requirements and tracking them through implementation
• Communicate applicable risks, costs, progress, and results to all relevant internal and external stakeholders
• Evaluate partnership requirements and advocate for Squares best interests
• Remain up-to-date on regulatory changes and landscape, best practices and cutting-edge developments in the industry
• Design creative controls to mitigate compliance risk by combining your regulatory and industry best practice expertise with an innovative approach

Qualifications

You have:

• Knowledge in AML and sanctions, payment regulations and scheme rules, knowledge of areas of Cards, commercial lending, and peer-to-peer payments also ideal
• Financial crimes and sanctions competency
• 6+ years in the compliance industry
• Significant experience managing product launch projects
• Experience conducting product-level risk assessments (AML, ACH, general compliance)
• A metrics-driven approach to create substantiated solutions
• Ability to identify the important problems to solve
• Operational knowledge in building a sound Compliance program

Even Better:

• Relevant industry certifications (CAMS, CFE, CFCS, CRCM)

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 $125,600 - USD $153,600
Zone B: USD $116,800 - USD $142,800
Zone C: USD $110,500 - USD $135,100
Zone D: USD $100,500 - USD $122,900

To find a location’s zone designation, please refer to this 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