Product Compliance Manager - Banking

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 50+ 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.
The Role
The Product Compliance team serves as strategic compliance advisors to the Cash App Product team, partnering with them to define product launch requirements, identify corresponding controls, and provide ongoing compliance support. Product Compliance Managers are key decision makers on compliance controls and recommendations to Product teams. Additionally, Product Compliance Managers work closely with partner banks to help build and maintain world-class compliance programs for affiliated products.
The Product Compliance team is looking for someone who has a deep understanding of regulatory requirements as it relates to consumer-facing banking products. In particular, the ideal candidate has experience working on financial products such as debit cards, direct deposit, cash and check deposits, and wires. To be successful in this role, the candidate must bring thoughtful, creative, industry-leading, risk-based solutions. Lastly, it is critical that the candidate is a collaborative partner, who has experience working with Bank Partners, Product, Engineering, Design, and Legal teams.
You Will

• Partner with Product and Regulatory Counsel to understand the legal obligations associated with new products and features
• Identify, document, and support the design of strong, mitigating controls in accordance with the legal requirements
• Have a strong understanding of Regulation E, AML/BSA, KYC, UDAAP, and fraud detection and prevention
• Be embedded with Product partners, understanding their strategic vision, and providing strategic compliance advice and support
• Identify product gaps in controls and collaborate on compliant remediation plans
• Work with other Compliance partners to identify, document, and develop an inventory of risks and controls for your respective domain
• Remain up-to-date on regulatory changes and landscape, best practices, and new developments in the industry

You Have

• 6+ years in the compliance industry, ideally with experience in consumer-facing banking compliance
• Prior experience in fintech, or a strong desire to work in an innovative fintech environment
• AML and regulatory knowledge, specifically in BSA, consumer protection, and banking rules and regulations
• A metrics-driven approach to create substantiated solutions
• Operational knowledge in building a sound compliance program
• The ability to gain support around compliance goals

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.
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.
Zone A:
$142,000 - $213,000 USD
Zone B:
$132,100 - $198,100 USD
Zone C:
$124,900 - $187,300 USD
Zone D:
$113,600 - $170,400 USD
Every benefit we offer is designed with one goal: empowering you to do the best work of your career while building the life you want. Check out benefits at Block.
Block, Inc. (NYSE: SQ) is a global technology company with a focus on financial services. Made up of Square, Cash App, Spiral, and TIDAL, we build tools to help more people access the economy. Square helps sellers run and grow their businesses with its integrated ecosystem of commerce solutions, business software, and banking services. With Cash App, anyone can easily send, spend, or invest their money in stocks or Bitcoin. Spiral (formerly Square Crypto) builds and funds free, open-source Bitcoin projects. Artists use TIDAL to help them succeed as entrepreneurs and connect more deeply with fans. TBD is building an open developer platform to make it easier to access Bitcoin and other blockchain technologies without having to go through an institution.