Regulatory Counsel, Square Financial Services, Inc. and Block Banking

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.
The Role
Block is looking for a regulatory counsel to support Square Financial Services, Inc. (SFS) commercial and consumer banking and banking regulatory initiatives across Block including both Square and Cash App products. As SFS expands product offerings, your ideas and contributions will make an immediate and direct impact.
You Will

• Provide legal and regulatory advice on our products to members of the Counsel team, business and functional partners on laws and regulations relevant to banking entities and other financial services businesses such as Affiliate Transactions / Regulation W, Regulation D, Truth In Savings Act (TISA), Fair Credit Reporting Act (FCRA), Merchant Acquiring and sponsored acquiring activity, Truth in Lending Act (TILA)/Regulation Z,), Equal Credit Opportunity Act (ECOA)/Regulation B, UDAAP, Electronic Fund Transfer Act (EFTA)/Regulation E, Bank Secrecy Act (BSA) and other laws affecting consumer and small business credit and deposit products and regulated financial institutions
• Advise on legal, regulatory, and industry requirements for Industrial Loan Companies (ILC) and banking products and provide clear actionable advice.
• Actively cultivate creative ideas and insights into how legal frameworks can support new product developments and customer experiences.
• Manage projects to ensure internal and external resources adhere to the project scopes and implementation plans, including risk mitigation.
• Analyze the impact of new applicable laws and regulations and regulatory enforcement activity to SFS and Block.
• Provide risk-based legal advice to meet business objectives.
• Partner with our business, second line and third line of defense functions and with external advisors and experts.

You Have

• 6+ years experience at a bank, law firm (with bank regulatory experience) financial services fintech or financial services regulatory agency.
• Subject matter expertise in commercial and consumer banking business with benefit of experience with ILCs, banking partner relationships, deposit products and/or merchant acquiring.
• Familiarity with launching products and advising on the legal and regulatory aspects of product development in the technology space.
• J.D. Degree in good standing.
• Membership in at least one state bar.

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 an equal opportunity employer evaluating all employees and job applicants without regard to identity or any legally protected class. We also consider qualified applicants with criminal histories for employment on our team, and always assess candidates on an individualized basis.
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 .
Block will consider qualified applicants with arrest or conviction records for employment in accordance with state and local laws and "fair chance" ordinances.
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:
$217,800 - $326,800 USD
Zone B:
$202,600 - $303,800 USD
Zone C:
$191,700 - $287,500 USD
Zone D:
$185,200 - $277,800 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. Check out benefits at Block.
Block, Inc. (NYSE: SQ) is a global technology company with a focus on financial services. Made up of Square, Cash App, Spiral, and TIDAL, 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.