SAR Investigations Specialist, Cash App

Company Description

It all started with an idea at Block in 2013. 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 ecosystem, developing unique financial products, including Afterpay/Clearpay, to provide a better way to send, spend, invest, borrow and save to our 47 million monthly active customers. We want to redefine the world’s relationship with money to make it more relatable, instantly available, and universally accessible.

Today, Cash App has thousands of employees working globally across office and remote locations, with a culture geared toward innovation, collaboration and impact. We’ve been a distributed team since day one, and many of our roles can be done remotely from the countries where Cash App operates. No matter the location, we tailor our experience to ensure our employees are creative, productive, and happy.

Check out our locations, benefits, and more at cash.app/careers.

Job Description

The Suspicious Activity Reporting team at Cash App monitors for potential money laundering, fraud, and other suspicious activity. Cash App is looking for a SAR Investigations Specialist to help conduct deep-dive investigations, analyzing transaction activity and trends involving potential financial crimes, and drafting Suspicious Activity Reports (SARs). You will report to a SAR Investigations Lead.

This role is remote in the US.

Qualifications

You Will:

• You will monitor and act upon compliance-related escalations and referrals.
• You will Investigate and document incidents of potential money laundering, fraud, terrorist financing, and other illicit activities across the Cash App platform.
• You will write and review Suspicious Activity Reports to be transmitted to FinCEN and applicable agencies.
• You will keep up with regulatory updates and help identify new trends and evolving AML typologies.
• You will contribute to projects optimizing the regulatory program and operation team's processes.
• You will work in collaboration with Customer Support, Risk, Engineering, and other operations teams within Cash.

You Have:

• 2+ years experience in BSA/AML/Compliance related investigational work in a financial institution or related FinTech payments space.
• BA/BS degree or equivalent professional experience.
• You have strong investigative skills, including familiarity with public record research and database tools.
• You have knowledge in AML Transaction Monitoring/Suspicious Activity Reporting (SAR) typologies and risks regarding funds transfers/p2p payments and equities.
• You have transaction analysis skills that apply across numerous financial products in complex scenarios.
• You have familiarity with relevant AML laws and regulations and industry best practices.
• You have excellent written communication skills that demonstrate attention to detail and accuracy.
• You have experience handling sensitive directives and work with team members of all levels.

• You have experience working in a fast-paced environment and adjust quickly.

Even Better

• You have knowledge in AML transaction monitoring/suspicious activity reporting typologies and risks regarding cryptocurrency.
• You have familiarity with using and writing SQL queries.
• You have experience using Google Workspace and collaborative tools.
• You have experience manipulating and presenting trends to management using large data-sets.
• You can independently manage projects and tasks end to end, providing regular updates to management.

Additional Information

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.

Zone A: USD $83,900 - USD $125,900

Zone B: USD $78,100 - USD $117,100

Zone C: USD $71,400 - USD $107,000

Zone D: USD $63,000 - USD $94,400

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.

Full-time employee benefits include the following:

• Healthcare coverage (Medical, Vision and Dental insurance)
• Health Savings Account and Flexible Spending Account
• Retirement Plans including company match
• Employee Stock Purchase Program
• Wellness programs, including access to mental health, 1:1 financial planners, and a monthly wellness allowance
• Paid parental and caregiving leave
• Paid time off (including 12 paid holidays)
• Paid sick leave (1 hour per 26 hours worked (max 80 hours per calendar year to the extent legally permissible) for non-exempt employees and covered by our Flexible Time Off policy for exempt employees)
• Learning and Development resources
• Paid Life insurance, AD&D, and disability benefits

These benefits are further detailed in Block's policies. This role is also eligible to participate in Block's equity plan subject to the terms of the applicable plans and policies, and may be eligible for a sign-on bonus. Sales roles may be eligible to participate in a commission plan subject to the terms of the applicable plans and policies. Pay and benefits are subject to change at any time, consistent with the terms of any applicable compensation or benefit plans.

US and Canada EEOC Statement

We’re working to build a more inclusive economy where our customers have equal access to opportunity, and we strive to live by these same values in building our workplace. Block is a proud equal opportunity employer. We work hard to evaluate all employees and job applicants consistently, without regard to race, color, religion, gender, national origin, age, disability, pregnancy, gender expression or identity, sexual orientation, citizenship, or any other legally protected class.

We believe in being fair, and are committed to an inclusive interview experience, including providing reasonable accommodations to disabled applicants throughout the recruitment process. We encourage applicants to share any needed accommodations with their recruiter, who will treat these requests as confidentially as possible. Want to learn more about what we’re doing to build a workplace that is fair and square? Check out our I+D page.

Additionally, we consider qualified applicants with criminal histories for employment on our team, and always assess candidates on an individualized basis.

Block, Inc. (NYSE: SQ) is a global technology company with a focus on financial services. Made up of Square, Cash App, Spiral, TIDAL, and TBD, we build tools to help more people access the economy. Square helps sellers run and grow their businesses with its integrated ecosystem of commerce solutions, business software, and banking services. With Cash App, anyone can easily send, spend, or invest their money in stocks or Bitcoin. Spiral (formerly Square Crypto) builds and funds free, open-source Bitcoin projects. Artists use TIDAL to help them succeed as entrepreneurs and connect more deeply with fans. TBD is building an open developer platform to make it easier to access Bitcoin and other blockchain technologies without having to go through an institution.

While there is no specific deadline to apply for this role, on average, U.S. open roles are posted for 70 days before being filled by a successful candidate.