BSA/AML Analyst

  • Holladay, UT
  • 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.

About Square Financial Services - AKA “The Bank”

Our purpose of economic empowerment guides everything we do at Square. Now, with that purpose in mind, we’re creating a bank. Square Financial Services is expected to launch in 2021, offering small business loans and deposit products. Within this team you’ll be on the forefront of creating a bank that allows customers to thrive. We can’t wait to see what we can build together.

Job Description

The Bank's Compliance Team's mission is to ensure the safety and soundness of the Bank and maintain a healthy, compliant customer base. We are looking to hire a BSA/AML Analyst who will support this mission by performing Customer and Enhanced Due Diligence account reviews and daily operational tasks associated with meeting internal standards and regulatory requirements. This includes reviewing accounts for potential suspicious activity, conducting investigations on alerts, analyzing transaction activity and trends, and writing Suspicious Activity Reports (SARs). You will report to the Chief Compliance Officer.

You Will:

  • Verify merchant information and conduct due diligence reviews as part of the Bank's BSA/AML program

  • Communicate with Bank customers via email, proprietary platform channels, and telephone regarding compliance-related matters

  • Monitor, review, and act upon compliance alerts

  • Investigate potential unusual activity, money laundering, fraud, or terrorist financing incidents

  • Write and review Suspicious Activity Reports

  • Contribute to projects to improve and optimize the Bank's BSA/AML program

  • Work in collaboration with Support, Risk, and other teams within the Bank and Square

Qualifications

You have:

  • Strong investigative skills, including familiarity with public record research and database tools

  • Demonstrated transaction analysis skills that apply across numerous financial products in complex scenarios

  • Familiarity with relevant BSA/AML laws and regulations as well as industry best practices

  • Written communication skills that show focus to details and accuracy

  • An ability to handle sensitive directives and work with team members of all levels

  • 2+ years experience in BSA/AML or Fraud related work in banking or financial services

  • BA/BS degree or equivalent practical experience

Job Location

*Must be based in Salt Lake City, Utah or be willing to relocate to Salt Lake City, Utah*

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
  • Paid time off
  • Learning and Development resources