Simplify Logo

Full-Time

Head of Compliance & MLRO

Square

Posted on 6/27/2024

Square

Square

10,001+ employees

Economic empowerment through inclusive technology

Consulting
Energy
Social Impact
Financial Services
Consumer Goods

Senior, Expert

London, UK

Category
Risk & Compliance
Legal & Compliance
Required Skills
Management
Requirements
  • 8+ years of experience in a complex financial services firm or related e-money/payments industry
  • 5+ years of people management experience
  • Operational knowledge in building and running a sound compliance programme with hands-on knowledge of regulatory requirements for the UK
  • Demonstrated ability to communicate effectively with senior management and third-party stakeholders
  • Ability to build collaborative working relations with peers, colleagues, and remote-based teams at all levels of the organization
  • Experience with data visualization tools
Responsibilities
  • Drive a culture of compliance across the business with a focus on the voice of the consumer
  • Develop AML and financial crime processes and ensure the implementation of appropriate controls reflecting business and regulatory requirements
  • Facilitate risk-based Know Your Customer and Transaction Monitoring programs to detect unusual activity and investigate and report suspicious activity in accordance with regulatory requirements
  • Build relationships with relevant authorities, payment schemes, and regulators to ensure compliance with the latest Financial Crime trends
  • Ensure accurate responses and reports to the Regulator
  • Oversee the operations of the UK Compliance team including training, capacity planning, tracking team and individual Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs) for the program
  • Work with Compliance leads to provide strategic planning, organizational structure, focus areas, and quarterly goals and key results
  • Work with all relevant partners, financial institution partners, card networks, and regulatory authorities
  • Conduct compliance review and analysis of new regulatory developments and maintain oversight of developments affecting business activities
  • Prepare reports to senior management and Board of Directors to communicate all relevant compliance issues and escalate any important or high-risk compliance issues
  • Work with internal compliance teams (such as Governance, Product Advisory, Quality Control) to identify clear steps necessary to avoid regulatory risks and provide solutions

Block is a company deeply invested in economic empowerment through its innovative use of technology across multiple disciplines, including financial forecasting, system security, and inclusive People policies. This multifaceted approach not only fosters an inclusive workplace but also promotes continual learning and growth among its employees, making it a leader in nurturing and implementing new initiatives in its industry.

Company Stage

IPO

Total Funding

$601.2M

Headquarters

Oakland, California

Founded

2009

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

2%

2 year growth

15%