Head of BSA/AML Compliance, TBD

| Remote
Employer Provided Salary: 198,000-272,300 Annually
Salary data is provided by the employer. Please note this is not a guarantee of compensation.
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Company Description
Founded in July 2021, TBD is one of Block's four business units, alongside Square, Cash App, and Tidal. At TBD, we believe in a decentralized future that returns ownership and control over your finances, data, and identity. Guided by this vision, TBD is building an open source platform and developer infrastructure that enables everyone to access and participate in the global economy.
TBD is inviting the world to join us in building and adopting open and decentralized technologies that solve real problems for real people - from next generation infrastructure that lowers the cost of global payments and enables frictionless commerce, to decentralized identity technologies that enable anyone to access and participate in the global economy. Our mission advances economic empowerment through the power of decentralized solutions, built open source and collaboratively.
The offerings we build will provide developers, institutions, and individuals with the capabilities needed to build the next wave of innovative apps and services, and access this decentralized future. We're leveraging bitcoin and other decentralized technologies to reinvent the global financial system in an open and permissionless way to further Block's mission of economic empowerment, with a global focus.
Job Description
This role will provide essential leadership and oversight for TBD's risk and compliance program. You will oversee the strategy, development and implementation of our BSA Compliance program in the US, including developing customer onboarding, sanctions screening, fraud risk strategies, and ongoing monitoring processes and controls for TBD's Participating Financial Institution (PFI).
You will also work in collaboration with cross functional partners across Legal, Partnerships, and Engineering to understand TBD's products and services including: the tbDEX decentralized messaging protocol, C Equals Lightning routing, and bitcoin custody & trading. You will demonstrate an excellent understanding of digital assets regulations and best practices, a keen eye for program and systems design, data-driven approaches, and executive communication and leadership.
Compliance provides critical foundational support to the business to enable financial and digital innovation in a compliant way. This role is a critical leadership position that will influence how we design our compliance program and will oversee our program to ensure it remains effective, reasonably designed, and robust. You will report directly to the Head of TBD Compliance and work closely with our Product Compliance Managers. Successful candidates will demonstrate exceptional compliance regulatory comprehension and thrive in an unstructured, high performing, collaborative environment.
You Will:

  • Contribute to the design and implementation of a Customer Onboarding, Sanctions, AML, and Fraud Program that is tailored to TBD's current and future products, making sure we maintain the highest standards for regulatory requirements while prioritizing efficiency, automation and customer experience (UI/UX).
  • Finalize our customer onboarding systems and controls, in collaboration with the Product Compliance team, to ensure best in class KYC, EDD and Sanctions capabilities and decisioning.
  • In collaboration with Block's FinCrimes experts, develop and implement TBD's strategy for Risk to include AML, financial crimes, fraud, financial, and operational risk to underwrite the development of future products and services for TBD.
  • Engage with vendors and other Block experts to evaluate and assess third party solutions to enhance our compliance systems and capabilities. It is expected that you will own and manage these relationships, in collaboration with our Partnerships team.
  • Document and maintain all policies, procedures and processes within your remit to ensure compliance with applicable internal, legal and regulatory standards.
  • Contribute to a strong Compliance Culture by acting with integrity and demonstrating Block's mission of Economic Empowerment to promote positive behaviors and maintain a solid understanding of risk and compliance across TBD.
  • Recruit and hire a team of compliance analysts and investigators, focusing on incorporating specific skills or experience needed to enhance our operational capabilities.
  • Develop and manage an operational capacity model for TBD to inform when we need to hire, outsource or increase automation to ensure effective and efficient operation of our compliance operations.


Qualifications

  • 12+ plus years of experience in Compliance and AML roles, and at least 5 years experience as a people manager
  • Prior experience working in a compliance leadership role for a regulated financial technology, blockchain or digital currency company
  • A proven track record designing, implementing and scaling customer onboarding, sanctions, and AML Risk programs at a regulated financial institution (preferably a FinTech)
  • BSA/AML Compliance expertise gained through the ability to understand and interpret financial regulations and design and implement appropriate compliance controls
  • Solid understanding of financial technology, blockchain technology, decentralized ecosystems, and regulated cryptocurrency products and services
  • Exceptional interpersonal skills gained through experience collaborating and working with cross-functional partners
  • Highly effective executive communication skills and experience creating persuasive arguments and presentations intended to educate and influence others
  • A practiced democratic or collaborative management style
  • Prior experience working in a start-up culture and a track record for rolling up your sleeves to get something done (effective execution in an informal corporate environment)


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 job-related skills, experience, qualifications, work location, and market conditions. These ranges may be modified in the future.
Zone A: USD $198,000 - USD $272,300
Zone B: USD $198,000 - USD $272,300
Zone C: USD $198,000 - USD $272,300
Zone D: UUSD $198,000 - USD $272,300
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 our I+D page .
Additionally, we consider qualified applicants with criminal histories for employment on our team, and always assess candidates on an individualized basis.
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.

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What are TBD Perks + Benefits

Culture
Volunteer in local community
Open door policy
Hybrid work model
Flexible work schedule
Remote work program
Diversity
Hiring practices that promote diversity
Health Insurance + Wellness
Flexible Spending Account (FSA)
Disability insurance
Dental insurance
Vision insurance
Health insurance
Life insurance
Wellness programs
Mental health benefits
Wellness days
Financial & Retirement
401(K)
401(K) matching
Employee stock purchase plan
Child Care & Parental Leave
Childcare benefits
Generous parental leave
Family medical leave
Vacation + Time Off
Generous PTO
Paid holidays
Paid sick days
Flexible time off
Floating holidays
Office Perks
Some meals provided
Professional Development
Job training & conferences
Lunch and learns
Promote from within
Personal development training

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