What are the responsibilities and job description for the Compliance Officer position at Block?
Company Description
In partnership with Cash App and the rest of the Block ecosystem, we are building a product that redefines the world’s relationship with money by making it universally accessible.
Check out our locations, benefits and more at https://verse.me/careers.
Job Description
The mission of the Verse Compliance team is to establish and enforce consistent EU and global policies and expectations across the board including customer risk scoring, onboarding, and due diligence of both natural persons and legal entities. As a Compliance officer you will actively be involved in KYC analysis, transaction monitoring to ensure the safety and soundness of the Verse system and maintain a healthy, compliant user base. Compliance Officer as a second line of defence will supervise functions of AML and address any issues caused by the failure to comply, or noncompliance with the established procedures.
Verse is looking for someone who is an experienced and motivated professional to combat AML program. As a compliance team member, you will review compliance procedures and guidelines to make sure they are aligned with Lithuanian local requirements.
You Will:
- Creation, development, implementation and maintenance of Compliance policies, procedures, and processes
- Keep up to date with any regulatory amendments and assist in sharing the latest regulatory information to employees
- Maintain reporting & filling to the Bank of Lithuania
- Work together with the team to test the effectiveness of compliance programs in place and implementation of remedial plans.
- Act as a contact person for local authorities including Financial Crime Investigation Service and Bank of Lithuania.
- Ensure all internal suspicious activity reports received are investigated without delay, and submitted to the relevant law enforcement agency
- in respect of all suspicions that have substance.
- Assist CCO in developing and maintaining an effective anti-money laundering and counter-terrorist financing compliance culture.
- Verify individual and merchant information as part of identity verification and conduct due diligence reviews for anti-money laundering
- purposes in line with our KYC and AML policies
- Maintaining a positive and transparent relationship with the regulatory bodies and managing incoming enquiries and reviews.
- Work cross-functionally with Support, Risk, and other operations teams at Verse
- Stay up to date with regulatory updates and new requirements
- Contribute to projects optimising the regulatory program and operation team’s processes
Qualifications
You have:
- Relevant educational background (Finance, Law, Compliance etc)
- 3-5 or more years of work experience in a similar position and from the financial services sector.
- Excellent communication and report writing skills.
- Ability to work in a high paced environment under minimal supervision.
- Fluent in English, native speaker of Lithuanian language.
- Familiarity with relevant AML laws and regulations and industry best practices
- Easily adjust to varying work environment
- Familiarity with relevant OFAC, EU and UN laws, regulations and industry best practices
- An understanding of the European FinTech landscape and regulations including PSD2
Additional Information
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, based solely on the core competencies required of the role at hand, and without regard to any 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.
Block, Inc. (NYSE: SQ) is a global technology company with a focus on financial services. Made up of Square, Cash App, Spiral, TIDAL, and TBD54566975, 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. TBD54566975 is building an open developer platform to make it easier to access Bitcoin and other blockchain technologies without having to go through an institution.
