Sanctions Operations Lead

  • San Francisco, CA
  • Full-time

Company Description

We believe the economy is better when everyone has access. When everyone has room to grow. No one should be left out because the cost is too great or the technology too complex. We started with a little white credit card reader but haven’t stopped there. 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. 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.

Job Description

The Sanctions Compliance teams objective is to further Squares mission of economic empowerment while keeping bad actors from utilizing our platform. You will lead a global sanctions compliance team to help us achieve these goals.

As the Sanctions Compliance Manager, you are an experienced and motivated sanctions practitioner, able to support and develop the inclusive growth of a team of compliance professionals. As a Lead, you are responsible for combating sanctions risk across the organization by utilizing effective tools and analyzing data to drive truly innovative decisions that impact a Global Sanctions Compliance Program.  

This role can be based out of either San Francisco, St. Louis or Salt Lake City.

You will:

  • Oversee day-to-day operations of a global sanctions compliance program by managing the operations team, creating and maintaining policies and procedures, and making recommendations to the Head of Sanctions to improve operational efficiency

  • Manage the inclusive growth of a team responsible for decisioning sanctions alerts in a timely and effective manner

  • Assist the Head of Sanctions in driving increased performance of sanction screening controls, including through automation and machine learning, and make recommendations for potential control gaps to enhance or change existing controls and/or determine when new controls are necessary

  • Remain current with sanctions laws and regulations including OFAC and EU sanctions and other pertinent regulatory guidance in order to assess ongoing sanctions risks

  • Assist in analyzing sanctions direct and indirect legal and reputational risks in transactions and client onboarding/periodic reviews

  • Assist in preparing OFAC blocking, unblocking, and reject reports, as well as the annual blocked property reports, to ensure their timely filing

  • Support in researching and responding to regulatory and related requests and conducting Sanctions Risk Assessments, assist with 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

  • This is a full time position with occasional domestic and some international travel likely

Qualifications

You have:

  • 2+ years as a project or program manager with experience in international markets

  • 3 years experience with OFAC sanctions compliance

  • Experience leading sanctions-related projects in domestic and international jurisdictions

  • Excellent verbal and written communication skills

Even Better:

  • Experience working with automation and/or machine learning solutions

  • Strong knowledge of AML/CTF compliance and/or the payment space

  • Strong organization skills with the ability to manage competing priorities

  • Adaptability in an agile and fast-paced environment

  • Ability to execute independently and work with team members of all levels

  • A mindset to deliver results proactively, resourcefully, and methodically

You are:

  • Team player and self starter, able to support the growth of a fast-paced team.

  • Analytical, with the ability to suggest practical solutions and committed to creative problem solving and getting things done.

  • Result-oriented and thoughtful.

  • 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

Additional Information

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.