COM Compliance Specialist, Cash App

Company Description

It all started with an idea at Block in 2013. Initially built to take the pain out of peer-to-peer payments, Cash App has gone from a simple product with a single purpose to a dynamic ecosystem, developing unique financial products, including Afterpay/Clearpay, to provide a better way to send, spend, invest, borrow and save to our 47 million monthly active customers. We want to redefine the world’s relationship with money to make it more relatable, instantly available, and universally accessible.

Today, Cash App has thousands of employees working globally across office and remote locations, with a culture geared toward innovation, collaboration and impact. We’ve been a distributed team since day one, and many of our roles can be done remotely from the countries where Cash App operates. No matter the location, we tailor our experience to ensure our employees are creative, productive, and happy.

Check out our locations, benefits, and more at cash.app/careers.

Job Description

We are looking for a Compliance Specialist to join Block and support the continued build out of our Cash App Compliance program. Our mission is to make banking and financial services accessible to the underserved and unbanked by designing and implementing an outstanding compliance program to help grow the Cash App business while protecting the broader financial ecosystem and the Company.

In this role, you will review accounts observing documented procedures, user guides, and guidance logs; document conclusions in a manner that is clear and complete; and adhere to established KPIs. 

You will: 

• Verify customer information and conduct due diligence reviews as part of Block’s Know Your Customer (KYC) policy and Global Sanctions policy
• Conduct appropriate levels of due diligence on accounts based on the customer’s risk score
• Contribute to projects optimizing the regulatory program and operation team's processes and recommend suggestions that help define new process improvement opportunities
• Work in collaboration with Compliance, Support, Risk, and other operations teams within Block
• Stay abreast of regulatory updates and/or new requirements and understand overall impact to day to day work

Qualifications

You Have: 

• 3+ years experience in KYC and Sanctions related work, preferably within the payments space
• Working knowledge of AML and Sanctions regulations as well as industry best practices
• Investigative skills, including familiarity with public record research and database tools
• Ability to present and communicate findings to team members and team leads 
• Ability to work in a fast-paced environment and adjust quickly as things change

Even Better:

• Proven working experience as a Compliance Specialist
• 4+ years relevant experience in BSA/AML and Sanctions related work
• Relevant industry certifications (CAMS, CFE, CFCS)

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 $41.30 - USD $50.43
Zone B: USD $38.37 - USD $46.92
Zone C: USD $35.10 - USD $42.88
Zone D: USD $30.96 - USD $37.88

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
• 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 
• Additional Perks such as WFH reimbursements and free access to caregiving, legal, and discounted resources 

These benefits are further detailed in Block's policies. This role is also eligible t