Unlocking Economic Empowerment with Block
Block is a company built from an array of diverse teams, all unified by a singular purpose – economic empowerment. This purpose-driven entity is made up of several foundational teams that include People, Finance, Counsel, Hardware, Information Security, and Platform Infrastructure Engineering, among others. These teams provide support and guidance at the corporate level, working across business groups and around the globe. They span time zones and disciplines to develop inclusive People policies, forecast finances, give legal counsel, safeguard systems, nurture new initiatives, and more.
At Block, every challenge creates possibilities, and the company believes that it requires different perspectives to see them all. That’s why it encourages individuals to bring their unique perspectives to Block.
The Role: Banking Regulatory Counsel at Block
Block is currently seeking a regulatory counsel to support its commercial and consumer banking, and banking and related digital asset initiatives across the company. This includes both Square Financial Services, Inc. (SFS), Square, and Cash App products. As SFS expands its product offerings, the new hire’s ideas and contributions will make an immediate and direct impact. The role requires a creative legal mind, a solution-oriented thinker, and a strong desire to expand access to the financial system through building banking products.
Key Responsibilities
The regulatory counsel will be responsible for providing legal and regulatory advice on Block’s products to members of the Counsel team, business and functional partners. The role requires a comprehensive understanding of laws and regulations relevant to banking entities and other financial services businesses, such as Affiliate Transactions/Regulation W, Regulation D, the Truth In Savings Act (TISA)/Regulation DD, the Electronic Fund Transfer Act (EFTA)/Regulation E, the Bank Secrecy Act (BSA), and evolving laws in the digital asset and tokenization space.
Other responsibilities include advising on legal, regulatory, and industry requirements for Industrial Loan Companies (ILC) and banking partnership products, managing projects to ensure internal and external resources adhere to the project scopes and implementation plans, including risk mitigation, and analyzing the impact of new applicable laws and regulations and regulatory enforcement activity to SFS and Block.
Qualifications
To qualify for this position, candidates must have at least 6+ years of experience at a bank, law firm (with bank regulatory experience), financial services fintech, and/or financial services regulatory agency. They should be familiar with launching products and advising on the legal and regulatory aspects of product development in the technology space. Additionally, candidates must hold a J.D. Degree in good standing and membership in at least one state bar.
Block’s Commitment to Inclusivity
Block is committed to building a more inclusive economy where customers have equal access to opportunity. This commitment extends to its workplace as well. The company evaluates all employees and job applicants without regard to their identity or any legally protected class. It also considers qualified applicants with arrest or conviction records for employment in accordance with state and local laws and “fair chance” ordinances.
Block believes in being fair and is dedicated to making the interview experience inclusive. It encourages applicants to share any needed accommodations with their recruiter, who will treat these requests as confidentially as possible.
Block, Inc. (NYSE: XYZ) is a technology company with a mission to increase access to the global economy. Its diverse brands, including Square, Cash App, Afterpay, TIDAL, Bitkey, and Proto, are united in their aim to unlock different aspects of the economy for more people, helping to build a financial system that is open to everyone.
For more information about the role and how to apply, click here.
