People Matter

Risk Assessment Manager

Square

Square

New York, NY, USA
Posted on Tuesday, July 2, 2024

Company Description

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.

Job Description

The Compliance Governance and Reporting (CGR) team manages key components of Block’s Compliance Risk Management Framework and is part of Global Policy and Governance (GPG) within Block Compliance. The CGR team has responsibility for the following functions: Policy Governance, Risk Assessment, Compliance Training, Compliance Risk Assessments, Third Party Risk Management, and Board Reporting.

As a Risk Assessment Manager you will join a team that provides comprehensive management of compliance risk assessments, defining and creating risk methodology, developing new or expanding product risk analysis and customer risk programs across all Block markets. You will support the development and maintenance of standards, processes, and tools to enable scalability and growth of the function, and produce a high quality work product.

Flexibility to travel and work across time zones is required.

You will:

  • Assist in managing the ongoing compliance risk assessment program for domestic and international activities and contribute to product-specific compliance risk analysis
  • Execute on the risk assessment life cycle, including identifying key risks, assessing risks and controls, calculating residual risk, identifying areas for improvement, and working with control owners on any necessary remediation plans
  • Identify and implement quantitative and qualitative techniques to enhance the compliance risk assessment program
  • Analyze complex compliance risk topics and tailor to leadership audiences such as boards of directors, executives, and senior managers
  • Build and document new risk assessment processes in a sustainable and scalable manner
  • Help identify compliance risk issues and provide input to the design of policies, programs, procedures, and other controls.

Qualifications

  • 5+ years of compliance risk assessment experience within a regulated financial services environment
  • Experience identifying useful quantitative risk metrics, working cross-functionally to acquire underlying data, and applying it to risk assessment activities in a meaningful way
  • Experience in at least one of the following subject-matter areas: BSA/AML/sanctions, consumer lending, consumer protection, or payments
  • Contributed to the development of compliance programs, strategies, or work processes
  • Supported the end-to-end implementation of assigned action plans
  • Built relationships and credibility with business leads, external partners, and/or regulators through collaborative and independent programs

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 $135,200 - USD $202,800
Zone B: USD $125,800 - USD $188,600
Zone C: USD $119,000 - USD $178,400
Zone D: USD $108,200 - USD $162,200

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.