Investigations Analyst, SFS Financial Crimes

Block • Arizona City, AZ

5d

About The Position

Square Financial Services, Inc. (SFS) is Block’s bank. We opened in March 2021 and provide lending and FDIC-insured deposit products to individuals and small businesses on a nationwide basis. The Role Square Financial Services is looking for someone who is an experienced and motivated professional to combat AML/CFT and Sanctions risk as part of the Financial Crimes Compliance team. The Financial Crimes Compliance Investigations Analyst is primarily responsible for investigating cases of suspected money laundering or fraud, analyzing trends in nefarious activity, and devising strategies to prevent or mitigate risk associated with such activity. You will report to the Square Financial Services Financial Crimes Compliance Investigations FinaLead.

Requirements

• Minimum 5 years experience in the financial services industry, with specific experience performing AML/CFT and/or fraud investigations
• 4-year undergraduate degree (minimum)
• Ability to think dynamically, multi-task, organize, and prioritize responsibilities
• Experience understanding legal and regulatory concepts and converting them into relevant, practical business requirements
• Experience in case management systems (Actimize, Fiserv, etc.)
• Experience investigating activity in common consumer and business financial products (checking, savings, loans, P2P payments)

Nice To Haves

• Experience in SQL (experience with Vertica/Snowflake a plus)
• AML/CFT Certifications (ACFCS, ACAMS, etc.)

Responsibilities

• Monitor and act upon compliance-related alerts and referrals
• Investigate and document incidents of potential money laundering, fraud, terrorist financing, and other financial crimes
• File and review Suspicious Activity Reports
• Utilize internal and external resources to identify and analyze financial crimes trends
• Collaborate cross-functionally with Compliance, Risk, Operations, and other partner teams in support of the Bank’s AML/CFT program
• Identify and assess weak points and make appropriate recommendations to prevent and/or minimize financial crimes risk to the Bank
• Contribute to projects optimizing the AML/CFT regulatory program and Bank operation team's processes
• Occasionally attend compliance-related seminars and team off-sites to stay abreast of the compliance industry

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level