Financial Crimes Compliance Analyst

Block; Washington (District of Columbia); On-site; USD 75,000 - 95,000; Full time

Job summary

Block is seeking a Financial Crimes Compliance Analyst to join their team in Washington, DC. The role involves monitoring compliance alerts, investigating financial crimes, and collaborating with various teams to enhance AML compliance efforts. Candidates should have significant experience in financial services, specifically in AML/CFT investigations. This position offers a competitive salary and a comprehensive benefits package, emphasizing economic empowerment and inclusive practices.

Benefits

Remote work options

Medical insurance

Flexible time off

Retirement savings plans

Qualifications

• Minimum 5 years experience in financial services with AML/CFT focus.
• Ability to prioritize responsibilities and analyze trends in financial activities.
• Experience with consumer and business financial products.

Responsibilities

• Monitor compliance-related alerts and investigate incidents of financial crimes.
• Collaborate with cross-functional teams on AML/CFT strategy optimization.
• File and review Suspicious Activity Reports.

Skills

Analytical Skills

Attention to Detail

Legal and Regulatory Understanding

Problem Solving

Education

4-year undergraduate degree

Tools

Case Management Systems (Actimize, Fiserv)

SQL

Job description

Get AI-powered advice on this job and more exclusive features.

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.

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.

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 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 Lead.

You Will

• 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
  
  

You Have

• 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 Have

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

Block takes a market-based approach to pay, and pay may vary depending on your location. U.S. locations are categorized into one of four zones based on a cost of labor index for that geographic area. The successful candidate’s starting pay will be determined based on job-related skills, experience, qualifications, work location, and market conditions. These ranges may be modified in the future.

To find a location’s zone designation, please refer to this resource. If a location of interest is not listed, please speak with a recruiter for additional information.

Zone A

$101,500—$152,300 USD

Zone B

$94,400—$141,600 USD

Zone C

$86,300—$129,500 USD

Zone D

$76,200—$114,200 USD

Every benefit we offer is designed with one goal: empowering you to do the best work of your career while building the life you want. Remote work, medical insurance, flexible time off, retirement savings plans, and modern family planning are just some of our offering. Check out our other benefits at Block.

Block, Inc. (NYSE: XYZ) builds technology to increase access to the global economy. Each of our brands unlocks different aspects of the economy for more people. Square makes commerce and financial services accessible to sellers. Cash App is the easy way to spend, send, and store money. Afterpay is transforming the way customers manage their spending over time. TIDAL is a music platform that empowers artists to thrive as entrepreneurs. Bitkey is a simple self-custody wallet built for bitcoin. Proto is a suite of bitcoin mining products and services. Together, we’re helping build a financial system that is open to everyone.

Privacy Policy

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Legal

Referrals increase your chances of interviewing at Block by 2x

Get notified about new Compliance Analyst jobs in Washington, DC.

District of Columbia, United States $75,000.00-$95,000.00 1 day ago

Senior Specialist, Compliance and Base Supply Centers

Compliance Manager, Employee Benefit Documents Meritain TPA

Compliance Specialist - Business Filings

Washington DC-Baltimore Area $51.00-$51.00 5 days ago

Maryland, United States $500.00-$1,500.00 1 week ago

Financial Controls and Compliance Senior Manager

North Bethesda, MD $129,723.00-$175,126.00 4 days ago

Sr Personal Lines Underwriter (Hybrid/Remote)

Silver Spring, MD $101,700.00-$105,000.00 3 weeks ago

Washington, DC $95,000.00-$120,000.00 4 weeks ago

Gaithersburg, MD $117,000.00-$133,000.00 4 months ago

District of Columbia, United States $65,000.00-$95,000.00 6 months ago

Washington, DC $140,000.00-$170,000.00 3 weeks ago

Business Analyst III (Financial Aid Services Product Management)

Herndon, VA $100,000.00-$115,000.00 1 week ago

Springs Window Fashions Business Data Analyst

Reston, VA $110,000.00-$130,000.00 4 months ago

Operational Risk and Compliance Professional

District of Columbia, United States $149,000.00-$248,000.00 2 weeks ago

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.