Published on

Mar 23, 2024

Published on

Mar 23, 2024

Published on

Mar 23, 2024

Published on

Mar 23, 2024

Transaction Monitoring Specialist - Square

Transaction Monitoring Specialist - Square

Transaction Monitoring Specialist - Square

Transaction Monitoring Specialist - Square

Full-time

/

Phoenix, AZ

/

Remote

Full-time

/

Phoenix, AZ

/

Remote

Full-time

/

Phoenix, AZ

/

Remote

Full-time

/

Phoenix, AZ

/

Remote

About the job

Company Description

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 and guidance 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 initiatives, and more. Every challenge creates possibilities, and we need different perspectives to see them all. Bring yours to Block.

Job Description

The mission of the Transaction Monitoring team at Square is to perform ongoing Anti-Money Laundering (AML) monitoring and other ongoing reviews to meet our regulatory, payment network, and partnership requirements. We monitor to ensure the safety and soundness of the Square system and maintain a healthy, compliant customer base.

Do you want to keep criminals from abusing the financial system? Are you someone who likes to do the right thing? Do you know how to maintain independence and objectivity? Square is looking for someone who is an experienced and motivated professional to combat BSA/AML risk as part of the transaction monitoring compliance program.

You will:

  • Monitor and act upon compliance-related alerts, including reviewing potentially suspicious activity and activity that violates Square's rules

  • Use detective-like mentality to investigate and escalate potentially suspicious activity such as money laundering

  • Verify merchant information as part of identity verification and conduct due diligence reviews for anti-money laundering purposes

  • Work with Square customers to ensure full compliance with all applicable laws and policies

  • Partner with Support, Risk, and other operations teams within Square

  • Occasionally attend compliance-related seminars to stay informed about the compliance industry

  • Communicate with customers through Client Relationship Management Systems (CRM) and email



Qualifications

You have:

  • 2+ years in a compliance and/or compliance operations role with a financial services firm, preferably in the payment or Fintech space

  • Passion for Square, and an interest in technology/knowledge of the industry

  • An operations mindset involving time-sensitive directives

  • Experience communicating with and recognizing possible bad actors with a detective-like mentality

  • Proven ability to work with in a fast paced, creative environment

  • An independent executor who can perform flawlessly while maintaining high output

  • CAMS certification preferred



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 the candidate's work location and may be may be modified in the future.

Zone A: USD $76,294.40 - USD $114,504.00

Zone B: USD $70,990.40 - USD $106,392.00

Zone C: USD $64,896.00 - USD $97,302.40

Zone D: USD $57,304.00 - USD $85,904.00

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.

US and Canada EEOC Statement

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, 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 ourI+D page.

Additionally, we consider qualified applicants with criminal histories for employment on our team, and always assess candidates on an individualized basis.

We’ve noticed a rise in recruiting impersonations across the industry, where individuals are sending fake job offer emails. Contact from any of our recruiters or employees will always come from an email address ending with @block.xyz, @squareup.com, @tidal.com, or @afterpay.com, @clearpay.co.uk.

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.

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.

About the job

Company Description

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 and guidance 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 initiatives, and more. Every challenge creates possibilities, and we need different perspectives to see them all. Bring yours to Block.

Job Description

The mission of the Transaction Monitoring team at Square is to perform ongoing Anti-Money Laundering (AML) monitoring and other ongoing reviews to meet our regulatory, payment network, and partnership requirements. We monitor to ensure the safety and soundness of the Square system and maintain a healthy, compliant customer base.

Do you want to keep criminals from abusing the financial system? Are you someone who likes to do the right thing? Do you know how to maintain independence and objectivity? Square is looking for someone who is an experienced and motivated professional to combat BSA/AML risk as part of the transaction monitoring compliance program.

You will:

  • Monitor and act upon compliance-related alerts, including reviewing potentially suspicious activity and activity that violates Square's rules

  • Use detective-like mentality to investigate and escalate potentially suspicious activity such as money laundering

  • Verify merchant information as part of identity verification and conduct due diligence reviews for anti-money laundering purposes

  • Work with Square customers to ensure full compliance with all applicable laws and policies

  • Partner with Support, Risk, and other operations teams within Square

  • Occasionally attend compliance-related seminars to stay informed about the compliance industry

  • Communicate with customers through Client Relationship Management Systems (CRM) and email



Qualifications

You have:

  • 2+ years in a compliance and/or compliance operations role with a financial services firm, preferably in the payment or Fintech space

  • Passion for Square, and an interest in technology/knowledge of the industry

  • An operations mindset involving time-sensitive directives

  • Experience communicating with and recognizing possible bad actors with a detective-like mentality

  • Proven ability to work with in a fast paced, creative environment

  • An independent executor who can perform flawlessly while maintaining high output

  • CAMS certification preferred



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 the candidate's work location and may be may be modified in the future.

Zone A: USD $76,294.40 - USD $114,504.00

Zone B: USD $70,990.40 - USD $106,392.00

Zone C: USD $64,896.00 - USD $97,302.40

Zone D: USD $57,304.00 - USD $85,904.00

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.

US and Canada EEOC Statement

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, 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 ourI+D page.

Additionally, we consider qualified applicants with criminal histories for employment on our team, and always assess candidates on an individualized basis.

We’ve noticed a rise in recruiting impersonations across the industry, where individuals are sending fake job offer emails. Contact from any of our recruiters or employees will always come from an email address ending with @block.xyz, @squareup.com, @tidal.com, or @afterpay.com, @clearpay.co.uk.

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.

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.

About the job

Company Description

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 and guidance 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 initiatives, and more. Every challenge creates possibilities, and we need different perspectives to see them all. Bring yours to Block.

Job Description

The mission of the Transaction Monitoring team at Square is to perform ongoing Anti-Money Laundering (AML) monitoring and other ongoing reviews to meet our regulatory, payment network, and partnership requirements. We monitor to ensure the safety and soundness of the Square system and maintain a healthy, compliant customer base.

Do you want to keep criminals from abusing the financial system? Are you someone who likes to do the right thing? Do you know how to maintain independence and objectivity? Square is looking for someone who is an experienced and motivated professional to combat BSA/AML risk as part of the transaction monitoring compliance program.

You will:

  • Monitor and act upon compliance-related alerts, including reviewing potentially suspicious activity and activity that violates Square's rules

  • Use detective-like mentality to investigate and escalate potentially suspicious activity such as money laundering

  • Verify merchant information as part of identity verification and conduct due diligence reviews for anti-money laundering purposes

  • Work with Square customers to ensure full compliance with all applicable laws and policies

  • Partner with Support, Risk, and other operations teams within Square

  • Occasionally attend compliance-related seminars to stay informed about the compliance industry

  • Communicate with customers through Client Relationship Management Systems (CRM) and email



Qualifications

You have:

  • 2+ years in a compliance and/or compliance operations role with a financial services firm, preferably in the payment or Fintech space

  • Passion for Square, and an interest in technology/knowledge of the industry

  • An operations mindset involving time-sensitive directives

  • Experience communicating with and recognizing possible bad actors with a detective-like mentality

  • Proven ability to work with in a fast paced, creative environment

  • An independent executor who can perform flawlessly while maintaining high output

  • CAMS certification preferred



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 the candidate's work location and may be may be modified in the future.

Zone A: USD $76,294.40 - USD $114,504.00

Zone B: USD $70,990.40 - USD $106,392.00

Zone C: USD $64,896.00 - USD $97,302.40

Zone D: USD $57,304.00 - USD $85,904.00

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.

US and Canada EEOC Statement

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, 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 ourI+D page.

Additionally, we consider qualified applicants with criminal histories for employment on our team, and always assess candidates on an individualized basis.

We’ve noticed a rise in recruiting impersonations across the industry, where individuals are sending fake job offer emails. Contact from any of our recruiters or employees will always come from an email address ending with @block.xyz, @squareup.com, @tidal.com, or @afterpay.com, @clearpay.co.uk.

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.

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.

About the job

Company Description

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 and guidance 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 initiatives, and more. Every challenge creates possibilities, and we need different perspectives to see them all. Bring yours to Block.

Job Description

The mission of the Transaction Monitoring team at Square is to perform ongoing Anti-Money Laundering (AML) monitoring and other ongoing reviews to meet our regulatory, payment network, and partnership requirements. We monitor to ensure the safety and soundness of the Square system and maintain a healthy, compliant customer base.

Do you want to keep criminals from abusing the financial system? Are you someone who likes to do the right thing? Do you know how to maintain independence and objectivity? Square is looking for someone who is an experienced and motivated professional to combat BSA/AML risk as part of the transaction monitoring compliance program.

You will:

  • Monitor and act upon compliance-related alerts, including reviewing potentially suspicious activity and activity that violates Square's rules

  • Use detective-like mentality to investigate and escalate potentially suspicious activity such as money laundering

  • Verify merchant information as part of identity verification and conduct due diligence reviews for anti-money laundering purposes

  • Work with Square customers to ensure full compliance with all applicable laws and policies

  • Partner with Support, Risk, and other operations teams within Square

  • Occasionally attend compliance-related seminars to stay informed about the compliance industry

  • Communicate with customers through Client Relationship Management Systems (CRM) and email



Qualifications

You have:

  • 2+ years in a compliance and/or compliance operations role with a financial services firm, preferably in the payment or Fintech space

  • Passion for Square, and an interest in technology/knowledge of the industry

  • An operations mindset involving time-sensitive directives

  • Experience communicating with and recognizing possible bad actors with a detective-like mentality

  • Proven ability to work with in a fast paced, creative environment

  • An independent executor who can perform flawlessly while maintaining high output

  • CAMS certification preferred



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 the candidate's work location and may be may be modified in the future.

Zone A: USD $76,294.40 - USD $114,504.00

Zone B: USD $70,990.40 - USD $106,392.00

Zone C: USD $64,896.00 - USD $97,302.40

Zone D: USD $57,304.00 - USD $85,904.00

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.

US and Canada EEOC Statement

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, 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 ourI+D page.

Additionally, we consider qualified applicants with criminal histories for employment on our team, and always assess candidates on an individualized basis.

We’ve noticed a rise in recruiting impersonations across the industry, where individuals are sending fake job offer emails. Contact from any of our recruiters or employees will always come from an email address ending with @block.xyz, @squareup.com, @tidal.com, or @afterpay.com, @clearpay.co.uk.

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.

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.

About Company

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 and guidance 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 initiatives, and more. Every challenge creates possibilities, and we need different perspectives to see them all. Bring yours to Block.

Total Employees

15,946

Company 2-Year Growth

33%

Median Employee Tenure

2 years

Because no one goes to school
for fighting fraud.