Accounting and Compliance Lead - Verse

  • Vilnius, Lithuania
  • Full-time
  • Current Square Employee?: Apply via go/jobs with your Square email.

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.

In addition to business tools, Square also services the consumer sector. Cash App is the fastest growing financial brand in the world. Initially built to take the pain out of peer-to-peer payments, Cash App has gone from a simple product with a single purpose to a dynamic app with over 24 million monthly active users. We are bringing a better way to send, spend, invest, and save to anyone who has ever sought an alternative to the traditional banking system.

Verse is a financial brand within the ecosystem of Square, located in Vilnius & Barcelona. It's goal is to take the friction out of spending and sharing money through peer-to-peer transactions. The Verse digital wallet allows you to share payments instantly, safely, and free of charge in select European countries.

Verse is collaborating closely with the Cash App organization to build a product that redefines the world’s relationship with money by making it universally accessible. This partnership will enhance support and continued investment in our company’s growth across the European Union.

Job Description

  • Leadership and oversight of local financial, tax, regulatory, and corporate governance requirements for the Verse business.  Maintains, monitors and appropriately communicates status on deadlines, project plan and calendar for all compliance deliverables. 

  • Experience dealing with various tax authorities and tax related matters

  • Ownership of all financial regulatory requirements for the Verse company. This will include but is not limited to safeguarding client funds and regulatory capital monitoring. Keeps current on changes to the compliance landscape and fully understands impact to existing processes and business.  Ensures cross functional teams are educated on all changes and risks.

  • Key point of contact for the financial regulator in Lithuania (Bank of Lithuania), representing Verse in any financial matters. 

  • Develop and build out a robust corporate governance framework that can scale with our business.  This includes understanding our business, operating model and processes in relation to local regulations and requirements. 

  • Partner closely cross functionally with business, product, internal tax, counsel, Internal Audit and finance teams to enable the launch of new products and initiatives internationally.  

  • Responsible for the preparation board materials to senior stakeholders for each legal entity. Executive presence and ability to influence and partner with cross functional leaders is a must.

  • With the highest standard of professionalism and integrity, represent the company to external partners, including financial institutions, auditors, public officials, etc.

  • Responsible for the monthly accounting close for all Verse legal entities, variance analysis and commentary thereof. Expert in IFRS (EU) requirements and changes.

  • Management and leadership to an Accounting and Financial Operations team based out of Spain. 

  • Responsible for the submission of statistical & financial returns, as requested, from the financial regulators.

  • Manage statutory audits of Verse entities and coordination with local external audit firms and internal stakeholders.

  • Responsible for automation and process improvement for financial processes.  Build for the future.

  • Partner with the Treasury team around cash forecasting and funding requirements, bank and counterparty relationship management, and regulatory requirements.

  • Once deemed COVID safe, this role will require limited travel to visit with team and business partners. 

Qualifications

  • Minimum 6 years of experience, including auditing experince
  • Chartered Accountant/CPA or local equivalent

  • Management experience

  • Nice to haves: Worked for Fintech and/or regulated financial services company with experience working with the Bank of Lithuania

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