Sanctions Operations Lead, Square

Sanctions Operations Lead for Square.  You will need to be an experienced and motivated OFAC/sanctions professional, who is able to manage a sanctions operations team and program. They need to identify and mitigate sanctions risk across the organization, manage screening rules, analyze data, and implement creative solutions.  You will lead Square’s Sanctions Operations team, and collaborate with Legal, Compliance, Program and Product managers, Engineering teams, and the Global Sanctions team to ensure Square’s Sanctions program complies with all applicable laws and regulations across all jurisdictions.  You will need to have strong OFAC regulatory knowledge, effective program and people management, and strong data analytics and documentation skills.  You will also support the Global Sanctions team in the OFAC Regulatory Reporting process. 

You Will:

• Oversee day-to-day operations of Square’s Sanctions program by managing a team of in-house Sanctions analysts, and providing oversight and guidance to AMLRS, while ensuring strict adherence to policies and procedures, and making recommendations to improve operational efficiencies.

• Manage the analysts who are responsible for decisioning sanctions alerts in a timely and effective manner, provide guidance, and make final decisions on case escalations from the analysts.

• Work with other Compliance teams and the Global Sanction team to guide strategic planning on team growth, organizational structure, focus areas, and goals.

• Help guide increased performance of sanction screening controls, including through automation and machine learning, and make recommendations for potential control gaps to enhance or change existing controls and/or determine when new controls are necessary.

• Conduct reviews and prepare responses to regulatory requests, audits, and exams, and help maintain the watchlists and keywords sanctions lists, maintain OFAC/sanctions-related documentation for audit, regulatory and supervisory reviews.

• Collaborate with Program Managers to maintain and enhance policies and procedures, ensure operational procedures align with the policies, and develop best practices within existing workflows to improve and add operational efficiencies. 

• Collaborate with cross-functional Engineering and Product teams to develop technical specifications for tool enhancements

• Remain current with sanctions laws and regulations including OFAC and EU sanctions and other important regulatory guidance in order to assess ongoing sanctions risks

You Have:

• 5+ years in a senior OFAC/sanctions compliance role with experience in international markets

• 5+ years people management experience 

• Strong operational knowledge in building and running a sanctions operations program, with expert knowledge of OFAC and relevant sanctions regulatory requirements 

• Excellent written and verbal communication skills

• Bachelor's Degree

Nice to have:

• ACAMS Certification (or equivalent)

  • Certified Anti-Money Laundering Specialist (CAMS)

  • Certified Global Sanctions Specialist (CGSS)

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 $135,300 - USD $202,800
Zone B: USD $125,800 - USD $188,600
Zone C: USD $119,000 - USD $178,400
Zone D: USD $108,200 - USD $162,200

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 

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. Want to learn more about what we’re doing to build a workplace that is fair and square? Check out our I+D page.

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. 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.