Full-Time

Internal Audit Lead

Posted on 2/1/2025

Block

Block

10,001+ employees

Financial services and payment processing solutions

Fintech
Crypto & Web3
Financial Services

Senior, Expert

Company Does Not Provide H1B Sponsorship

Remote in UK

Remote working is offered within the United Kingdom.

Category
Auditing
Financial Analysis
Accounting
Required Skills
Risk Management

You match the following Block's candidate preferences

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

Degree
Experience
Requirements
  • 8+ years in expanding leadership roles with experience managing teams in a well-disciplined organisation where best practices are integral to the management of the business.
  • A BA/BS degree in Accounting, Finance or related field preferred; Big 4 firm experience is helpful
  • Ideally experience in a Fintech Internal Audit organisation and proficiency in understanding of European regulatory requirements and expectations
  • Executive presence; interacting with senior members of the European entities, members of the Audit & Risk Committee (ARC) of the Block Inc. Board, and Board members of Block's European entities.
  • Experience with technical accounting, SOX/audit methodologies, and risk management responsibilities within a complex, technology, financial services, and regulated business.
  • Excellent communication, collaboration and presentation skills, including outstanding ability to summarise complex issues into succinct communication for a wide range of internal and external executive constituents; experience with Board read-out (e.g., Quarterly updates).
  • Exceptional problem solving and analytical skills, with the ability to efficiently synthesize problems and make sound business decisions.
  • Strong drive for results and success, conveying a sense of urgency and driving issues to closure in a fast-paced, evolving business and risk environment, with unquestionable integrity and discretion.
  • Professional Certification (CPA, CIA, CISA, etc.) is preferred.
Responsibilities
  • Lead Financial Crime (AML/BSA), Privacy, and Information Security audits included in the European Internal Audit plan, including regulatory audit requirements and risk-based audits for Block's European entities.
  • Manage essential aspects of international internal audit strategy and regulatory programs, and effectively represent the Internal Audit team by providing strategic direction and expertise in audit approach and execution for all European entities.
  • Prepare Board materials and perform Quarterly reporting to the Board members of Block's UK and European entities.
  • Be proficiently knowledgeable in payments compliance for European regulatory requirements and expectations across various systems, environments, and business units.
  • Build governance and risk management processes through conducting risk assessments, driving delivery of the Internal Audit plan in accordance with established methodology, procedures, and documentations.
  • Oversee and manage external consultant relationships as needed based on the staff resourcing requirements of any given European audit project.
  • Develop and promote collaborative relationships with internal and external partners (external auditors, outsourced partners, process and control owners who assist us with executing the European internal audit plan).
  • Proactively anticipate business partner needs and opportunities for involvement.
  • Manage special audit projects in an ad-hoc manner.
Desired Qualifications
  • Big 4 firm experience is helpful
  • Professional Certification (CPA, CIA, CISA, etc.) is preferred.

Block Inc. specializes in financial services, providing a range of tools designed primarily for small businesses. Its main product, Square, offers point-of-sale systems and payment processing solutions that help businesses manage transactions efficiently. The Cash App is another key offering, allowing users to send money to each other, invest in stocks and Bitcoin, and use a customizable debit card for spending. Block is also venturing into the music streaming industry with TIDAL and is working on enhancing Bitcoin's utility and security through projects like Spiral and a dedicated hardware wallet. What sets Block apart from its competitors is its diverse ecosystem that integrates various financial services, aiming to simplify and enhance the financial experience 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