Head of Sanctions
- San Francisco, CA
We believe everyone should be able to participate and thrive in the economy. So we’re building tools that make commerce easier and more accessible to all. We started with a little white credit card reader but haven’t stopped there. Our new reader helps our sellers accept chip cards and NFC payments, and our Cash app lets people pay each other back instantly. We’re empowering the independent electrician to send invoices, setting up the favorite food truck with a delivery option, helping the ice cream shop pay its employees, and giving the burgeoning coffee chain capital for a second, third, and fourth location. Let’s shorten the distance between having an idea and making a living from it. We’re here to help sellers of all sizes start, run, and grow their business—and helping them grow their business is good business for everyone.
The mission of the Sanctions Compliance team is to further Square’s mission of economic empowerment while keeping bad actors from utilizing our platform.
Do you want to keep criminals from abusing the financial system? Are you someone who likes to do the right thing? Do you know how to maintain independence and objectivity? Square is looking for someone who is an experienced and motivated professional to lead a global sanctions compliance program. The Head of Sanctions will manage a team of compliance professionals and is responsible for utilizing effective tools to assess and combat sanctions risk across the organization.
Maintain oversight in the development of a global sanctions risk assessment program, including execution of the program, creation of policies and procedures, and reporting to senior management
Remain current with sanctions laws and regulations including OFAC and EU sanctions and other pertinent regulatory guidance in order to assess sanctions risks
Manage a team responsible for decisioning sanctions alerts in a timely and effective manner
Manage, monitor, and test performance of sanction screening controls and escalate to Chief Compliance Officer potential sanctions control gaps recommending ways to enhance or change existing controls and/or determining when new controls are necessary
Analyze sanctions direct and indirect legal and reputational risks in transactions and client onboarding/periodic reviews
Prepare OFAC blocking, unblocking, and reject reports, the annual blocked property reports, ensuring their timely filing
Interact with Senior Management and cross-functional partners to raise awareness of Sanctions trends, emerging issues, remedial actions or enhancements to the program
Support senior staff in researching and responding to regulatory and related requests and conducting/overseeing Sanctions Risk Assessments, ensure proper maintenance of the proprietary watch lists and keywords sanctions list, oversee the maintenance of OFAC-related documentation for Audit, regulatory and supervisory reviews, and maintain departmental procedures
5+ years of Sanctions and/or related AML compliance and operations experience (global financial institution/payments company is highly desirable)
Extensive knowledge and expertise of AML and Sanctions regulations, risks and typologies
Proficiency in relevant sanctions laws and regulations including having the ability to analyze regulations for determining permissible transactions and business activity
5+ years of management experience leading teams in a dynamic/fast paced environment
CAMS certification preferred
Team player and self –starter, able to act on own initiative and learn quickly
Analytical, with the ability to provide practical solutions and prioritize a diverse workload with multiple deadlines
Result-oriented and assertive (you don’t shy away from challenging situations)
Highly flexible and detail-oriented with the ability to multi-task and change directions based on business demands and able to prioritize a diverse workload with multiple deadlines
At Square, our purpose is to empower – within and outside of our walls. In order to build the best tools for the businesses and customers we support all over the world, we have to start at home with a workforce as diverse and empowered as our sellers. To this end, we take great care to evaluate all employees and job applicants equally, based on merit, competence, and qualifications. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status, or any other characteristic protected by law. We encourage candidates from all backgrounds to apply and always consider qualified applicants with arrest and conviction records, in accordance with the San Francisco Fair Chance Ordinance. Applicants in need of special assistance or accommodation during the interview process or in accessing our website may contact us by sending an email to assistance(at)squareup.com. We will treat your request as confidentially as possible. In your email, please include your name and preferred method of contact, and we will respond as soon as possible.