Regulatory Manager, Money Transmission and Virtual Currency

<p>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.</p> <p>Block’s is looking for an experienced Regulatory Licensing and Exam Manager to maintain its money transmission and virtual currency licensing and regulatory obligations. This is a great opportunity to join a high-functioning legal team and help ensure that Block is compliant with applicable requirements while streamlining regulatory impact and facilitating innovation. As we expand our offerings, your ideas and contributions will make an immediate impact.</p> <h4><strong>The Role</strong></h4> <p>The core mission of this role is to uphold Block's licensing and other regulatory obligations in the money transmission and virtual currency spaces, which are critical to our success. Chief among the role’s responsibilities are to track license maintenance requirements, manage new license applications, file timely regulatory reports and regulatory submissions and establish congenial, effective management of examinations and day-to-day communications with regulators. You will be a project managing champion, partnering with company stakeholders across multiple teams to ensure that Block is compliant with applicable requirements while streamlining regulatory impact and facilitating innovation.</p> <h4><strong>You Will</strong></h4> <ul> <li>Manage a licensing program that fulfills our legal and regulatory responsibilities, while endeavoring to minimize business and product impact</li> <li>Partner cross-functionally with compliance, legal, finance, business, and product teams to interpret, communicate, and operationalize licensing and regulatory requirements</li> <li>Manage the day-to-day obligations of our licenses including notifying regulators of product updates, submitting materials for director and officer changes and managing our bond program, among others</li> <li>Complete regulatory reporting requirements by gathering data from various team members, harmonizing data and ensuring that all reports are accurately submitted on time</li> <li>Co-manage the examination process from the First Day Letter through collaborating cross-functionally on remediation of any findings </li> <li>Maintain relationships with business partners and state and federal regulators and respond to regulatory requests in a timely and regulatorily-compliant manner</li> <li>Retain all regulatory records, submissions and communications associated money transmission program</li> <li>Manage assigned work with a team-oriented approach</li> </ul> <h4><strong>You Have</strong></h4> <ul> <li>5+ years experience in legal, compliance, or regulatory affairs in the money transmission, money services and/or virtual currency industry</li> <li>Must have experience with NMLS.</li> <li>BA/BS degree or paralegal experience is a plus</li> <li>Experience with licensing maintenance and management, including reporting and new license applications; examination experience a plus</li> <li>Familiarity with money transmission and/or virtual currency regulations, BSA/AML, FINRA and SEC broker-dealer requirements and industry best practices</li> <li>Experience interpreting and explaining legal and regulatory obligations across multiple disciplines and levels</li> <li>Strong organization and process management skills with high attention to detail and comfort working in a strict deadline-driven environment</li> </ul> <p><strong> </strong></p> <h4><strong> ... (truncated, view full listing at source)