Money Laundering Reporting Officer, UK

  • London, United Kingdom
  • 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

Square is looking for a Money Laundering Reporting Officer (MLRO) to join our team in the UK, reporting to the regional Chief Compliance Officer for Europe. You will drive implementation of compliance control, processes and required operations under the AML/CTF program. The MLRO will work as an integrated part of our global Compliance team, leveraging the broader organisation and resources to ensure that we maintain an effective AML/CTF program and meet all our regulatory compliance obligations. This role is essential to Square's success in the UK and will work with colleagues across Compliance, Legal, Payments and Industry Relations, Finance, Risk, Internal Audit, Product, and Sales and Marketing.

You will:

  • Develop AML and financial crime processes, and ensure the implementation and appropriate controls that reflect business and regulatory requirements
  • Build relationships with relevant authorities, payment schemes, and regulators to ensure we operate with the latest Financial Crime trends
  • Ensure accurate responses and reporting to the Regulator.
  • Oversee the operations of the UK Compliance team, including training, capacity planning, tracking team and individual Key Performance Indicators (KPIs), and Key Risk Indicators (KRIs) for the program 
  • Facilitate risk-based Know Your Customer and Transaction Monitoring programmes to detect unusual activity and investigate and report suspicious activity in accordance to regulatory requirements
  • Work with Compliance leads to provide strategic planning, organisational structure, focus areas, and quarterly goals and key results 
  • Work with all relevant partners, financial institution partners, card networks and regulatory authorities
  • Conduct compliance review and analysis of new regulatory developments and maintain oversight of developments affecting business activities
  • Prepare reports to senior management and Board of Directors to communicate all relevant compliance issues and escalate any important or high risk compliance issues
  • Work with internal compliance teams (such as Governance, Product Advisory, Quality Control) to identify clear steps necessary to avoid regulatory risks and provide solutions

Qualifications

  • 5+ years of experience in a complex, financial services firm, or related e-money/payments industry with experience to operate at an MLRO or Deputy MLRO level 
  • Strong operational knowledge in building and running a sound compliance programme, with hands-on knowledge and an understanding of regulatory requirements for the UK
  • At minimum, 5 years of people management experience 
  • Ability to build collaborative working relations with peers, colleagues and with remote based teams with individuals at all levels of the organisation
  • Experience with data visualisation tools
  • Crypto currency AML program management 

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. 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
  • Paid time off
  • Learning and Development resources
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