Financial Crimes Program Manager, Acquiring

Block•New York City, NY

About The Position

Block is one company built from many blocks, all united by the same purpose of economic empowerment. The blocks that form our foundational teams — People, Finance, Counsel, Hardware, Information Security, Platform Infrastructure Engineering, and more — provide support and guidance at the corporate level. They work across business groups and around the globe, spanning time zones and disciplines to develop inclusive People policies, forecast finances, give legal counsel, safeguard systems, nurture new initiatives, and more. Every challenge creates possibilities, and we need different perspectives to see them all. Bring yours to Block. The Role The SFS Compliance Team is seeking an innovative Senior Program Manager to oversee the management of its financial crimes compliance program specific to acquiring, BIN sponsorship, and/or FBO oversight of fintech partners. This position will be responsible for building and maintaining our oversight framework and conducting regular program assessments of our fintech partners' AML/CFT and OFAC programs.

Requirements

Minimum of 10 years of experience in financial crimes compliance roles at a bank or financial technology company spanning both commercial and consumer customers. Large bank experience is preferred.
Proficient knowledge of financial crimes laws and regulations at the state and federal level.
Deep understanding of card network rules, regulations, and compliance requirements.
Experience working in a partnerships compliance role, preferably on the partner bank side, assessing AML/CFT and OFAC compliance risk of potential fintech partners against the Bank's risk tolerance.
Experience conducting quality assurance (QA), compliance testing, and/or audits, including preparation of reporting/metrics and recommendations.
Ability to understand and communicate legal and regulatory concepts and convert them into relevant, practical business requirements.
Ability to interface effectively and build relationships with counterparts and partners both internal and external to the Bank.
Ability to handle a fast-paced environment, take ownership of projects, and successfully meet established project deadline requirements.
Ability to develop and implement new policies, procedure documents, strategies, and work processes across multiple operational units and business affiliates.
Ability to communicate complex concepts and workflow for a range of audiences, align processes with cross-functional teams, and lead a meeting towards a decision.
Comfort with living in ambiguity at times, with an eye toward continuous improvement. You can be flexible to changing priorities and open to new ideas as we continue to grow and evolve.
Excellent oral and technical writing skills, presentation skills.

Nice To Haves

CAMS designation or similar preferred

Responsibilities

Conduct annual and ad-hoc audits of fintech partner AML/CFT and OFAC programs, drafting recommendations and managing the execution of remediation plans.
Develop and oversee a QA process for the fintech partners' operational processes related to AML/CFT and OFAC compliance.
Manage updates to AML/CFT Policy and related documents as it relates to our oversight program.
Develop key risk and performance indicators to be provided by fintech partners to SFS, reviewing and actioning observations as appropriate.
Communicate and prepare regular reporting to senior management related to the health and status of fintech partners' financial crimes programs, escalating issues as required.
Develop and oversee, in tandem with fintech partners, a change management process for updates to their AML/CFT and OFAC programs.
Lead and liaise with cross-functional teams such as Product, Engineering, Risk, Operations, and Legal to ensure alignment with compliance requirements for our oversight program; delegating and overseeing assigned tasks on the underlying project(s).
Participate in audits and regulatory examinations related to our oversight program. Assist in addressing deficiencies and help prepare responses.
Represent Bank Compliance on cross-functional initiatives (transaction monitoring coverage assessment, compliance technology/systems enhancements, vendor management, etc.) that support our oversight program.
Complete additional projects and duties as directed.