Compliance BSA Lead

  • Salt Lake City, UT, USA
  • Full-time

Company Description

Square builds common business tools in unconventional ways so more people can start, run, and grow their businesses. When Square started, it was difficult and expensive (or just plain impossible) for some businesses to take credit cards. Square made credit card payments possible for all by turning a mobile phone into a credit card reader. Since then Square has been building an entire business toolkit of both hardware and software products including Square Capital, Square Terminal, Square Payroll, and more. We’re working to find new and better ways to help businesses succeed on their own terms—and we’re looking for people like you to help shape tomorrow at Square.

Job Description

The Compliance BSA Lead is responsible for the establishment and administration of the Bank Secrecy Act compliance program, under the guidance of the Chief Compliance Officer and Bank Secrecy Act Officer (“CCO/BSO”). You will support Bank operations by ensuring the enactment of guidelines, procedures, and training protocols to sufficiently address compliance requirements using industry standard and regulatory guidance that apply to: the Bank Secrecy Act, USA Patriot Act, anti-money laundering, OFAC, and Customer Identification Program (collectively, the “BSA/AML Program”) 

You will:

  • Help build a new dynamic Compliance Management System from the ground up that drives the BSA/AML Program and other Compliance programs
  • Support oversight of the Bank's BSA/AML and Compliance Programs by staying up-to-date on all policies, and applicable federal and state laws and regulations
  • Monitor and report on the Bank's system of internal controls to ensure compliance with applicable laws and regulations
  • Work with regulatory exams and internal audits and achieve results that fix identified gaps and deficiencies.
  • Help create monthly and periodic reports for the Board of Directors concerning BSA/AML compliance requirements.
  • Ensure the success of the business by serving as a BSA expert/resource
  • Provide guidance in resolving customer complaints related to compliance matters
  • Take ownership of special projects as the bank expands into new products

Qualifications

You have:

  • 4-year undergraduate degree Bachelor's Degree required (minimum)
  • 5 years of experience required in administering all aspects BSA/AML compliance with a strong understanding in at least one of the following areas: deposit accounts, commercial lending, or credit cards
  • Experience developing and implementing compliance policies, strategies, and work processes across multiple work streams and products
  • Experience understanding legal and regulatory concepts and converting them into relevant, practical business requirements
  • Experience in conducting database queries and managing multifaceted projects

Additional Information

At Square, we value diversity and always treat all employees and job applicants based on merit, qualifications, competence, and talent. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of 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.

Perks

At Square, we want you to be well and thrive. Our global benefits package includes:
  • Healthcare coverage
  • Retirement Plans
  • Employee Stock Purchase Program
  • Wellness perks
  • Paid parental leave
  • Flexible time off
  • Learning and Development resources