Full-Time

Regulatory Counsel

Square Financial Services, Inc. and Block Banking

Posted on 2/1/2025

Block

Block

10,001+ employees

Financial services and payment processing solutions

Fintech
Crypto & Web3
Financial Services

Compensation Overview

$185.2k - $326.8kAnnually

Senior

Company Does Not Provide H1B Sponsorship

New York, NY, USA

Category
Legal
Legal & Compliance

You match the following Block's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • 6+ years experience at a bank, law firm (with bank regulatory experience) financial services fintech or financial services regulatory agency.
  • Subject matter expertise in commercial and consumer banking business with benefit of experience with ILCs, banking partner relationships, deposit products and/or merchant acquiring.
  • Familiarity with launching products and advising on the legal and regulatory aspects of product development in the technology space.
  • J.D. Degree in good standing.
  • Membership in at least one state bar.
Responsibilities
  • Provide legal and regulatory advice on our products to members of the Counsel team, business and functional partners on laws and regulations relevant to banking entities and other financial services businesses such as Affiliate Transactions / Regulation W, Regulation D, Truth In Savings Act (TISA), Fair Credit Reporting Act (FCRA), Merchant Acquiring and sponsored acquiring activity, Truth in Lending Act (TILA)/Regulation Z,), Equal Credit Opportunity Act (ECOA)/Regulation B, UDAAP, Electronic Fund Transfer Act (EFTA)/Regulation E, Bank Secrecy Act (BSA) and other laws affecting consumer and small business credit and deposit products and regulated financial institutions.
  • Advise on legal, regulatory, and industry requirements for Industrial Loan Companies (ILC) and banking products and provide clear actionable advice.
  • Actively cultivate creative ideas and insights into how legal frameworks can support new product developments and customer experiences.
  • Manage projects to ensure internal and external resources adhere to the project scopes and implementation plans, including risk mitigation.
  • Analyze the impact of new applicable laws and regulations and regulatory enforcement activity to SFS and Block.
  • Provide risk-based legal advice to meet business objectives.
  • Partner with our business, second line and third line of defense functions and with external advisors and experts.

Block Inc. specializes in financial services technology, providing a range of products designed to support small businesses and individual users. Its main product, Square, offers point-of-sale systems and payment processing solutions that help businesses manage transactions efficiently. The Cash App allows users to send money to friends, invest in stocks, and buy Bitcoin, all while providing a customizable debit card for easy access to funds. Unlike many competitors, Block is also venturing into music streaming with TIDAL and enhancing Bitcoin security through projects like Spiral and a dedicated hardware wallet. The company's goal is to create a comprehensive ecosystem of financial services that seamlessly integrates various tools for both businesses and consumers.

Company Stage

IPO

Total Funding

$477.1M

Headquarters

Oakland, California

Founded

2009

Growth & Insights
Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • AI-driven fraud detection enhances security and user trust in Block's services.
  • Embedded finance solutions create new revenue streams for Block.
  • The trend towards cashless societies boosts Block's digital payment solutions.

What critics are saying

  • Regulatory scrutiny over AML and BSA compliance could impact Block's reputation.
  • Security failures in Cash App may lead to further legal challenges.
  • Block's TIDAL expansion faces competition from Spotify and Apple Music.

What makes Block unique

  • Block integrates Bitcoin and blockchain technology, attracting tech-savvy users.
  • Block's Cash App offers versatile financial services, including peer-to-peer transfers and investments.
  • Block is expanding into music streaming with TIDAL, diversifying its service offerings.

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Benefits

Remote Work Options

Health Insurance

Flexible Work Hours

Family Planning Benefits

INACTIVE