Block · 10 hours ago
Financial Crimes Program Manager, Acquiring
New York, NY, United States of America
Full-time
Onsite
Senior Level, Lead/Staff
$164K/yr - $245K/yr
10+ years expBlock is a company focused on economic empowerment, seeking a Senior Program Manager for its financial crimes compliance program. The role involves overseeing compliance related to acquiring, managing audits, developing policies, and collaborating with cross-functional teams to ensure alignment with compliance requirements.
Financial Services
Responsibilities
Conduct annual and ad-hoc audits of fintech partner AML/CFT and OFAC programs, drafting recommendations and managing the execution of remediation plans
Develop and oversee a QA process for the fintech partners' operational processes related to AML/CFT and OFAC compliance
Manage updates to AML/CFT Policy and related documents as it relates to our oversight program
Develop key risk and performance indicators to be provided by fintech partners to SFS, reviewing and actioning observations as appropriate
Communicate and prepare regular reporting to senior management related to the health and status of fintech partners' financial crimes programs, escalating issues as required
Develop and oversee, in tandem with fintech partners, a change management process for updates to their AML/CFT and OFAC programs
Lead and liaise with cross-functional teams such as Product, Engineering, Risk, Operations, and Legal to ensure alignment with compliance requirements for our oversight program; delegating and overseeing assigned tasks on the underlying project(s)
Participate in audits and regulatory examinations related to our oversight program. Assist in addressing deficiencies and help prepare responses
Represent Bank Compliance on cross-functional initiatives (transaction monitoring coverage assessment, compliance technology/systems enhancements, vendor management, etc.) that support our oversight program
Complete additional projects and duties as directed
Qualification
Required
Minimum of 10 years of experience in financial crimes compliance roles at a bank or financial technology company spanning both commercial and consumer customers
Proficient knowledge of financial crimes laws and regulations at the state and federal level
Deep understanding of card network rules, regulations, and compliance requirements
Experience working in a partnerships compliance role, preferably on the partner bank side, assessing AML/CFT and OFAC compliance risk of potential fintech partners against the Bank's risk tolerance
Experience conducting quality assurance (QA), compliance testing, and/or audits, including preparation of reporting/metrics and recommendations
Ability to understand and communicate legal and regulatory concepts and convert them into relevant, practical business requirements
Ability to interface effectively and build relationships with counterparts and partners both internal and external to the Bank
Ability to handle a fast-paced environment, take ownership of projects, and successfully meet established project deadline requirements
Ability to develop and implement new policies, procedure documents, strategies, and work processes across multiple operational units and business affiliates
Ability to communicate complex concepts and workflow for a range of audiences, align processes with cross-functional teams, and lead a meeting towards a decision
Comfort with living in ambiguity at times, with an eye toward continuous improvement
Excellent oral and technical writing skills, presentation skills
Preferred
Large bank experience is preferred
CAMS designation or similar preferred
Benefits
Remote work
Medical insurance
Flexible time off
Retirement savings plans
Modern family planning
Company
Block
Block is one company built from many blocks, all united by the same purpose of economic empowerment.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Amrita Ahuja
Chief Financial Officer
Lookman Olusanya
CFO, Square
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