Apply on Employer Site

Block · 2 weeks ago

Chief Risk Officer, Square Financial Services

Salt Lake City, UT

Full-time

Hybrid

Director/Executive

$277K/yr - $415K/yr

15+ years exp

Block is a company dedicated to economic empowerment, and they are seeking a Chief Risk Officer for Square Financial Services. The CRO will develop and maintain the Enterprise Risk Framework, oversee compliance and risk management, and provide strategic guidance to the Bank's leadership and board.

Financial Services

H1B Sponsor Likely

Responsibilities

Develop and maintain a comprehensive Enterprise Risk Framework and conduct periodic Enterprise Risk Assessments to identify and manage risks

Partner with first-line business units to implement and embed risk and control frameworks within their operations, including providing guidance on risk assessment methodologies, control design, and self-assessment processes. Coach business leaders on their risk ownership responsibilities and ensure effective integration of the three lines of defense model

Monitor, assess and report on emerging risks including technological disruption, artificial intelligence/machine learning risks, and evolving regulatory landscapes. Develop mitigation strategies and integrate emerging risk considerations into the Enterprise Risk Framework and strategic planning processes

Oversee the Bank's capital and liquidity risk management frameworks, including stress testing, capital adequacy monitoring, and liquidity contingency planning

Develop a comprehensive Risk Appetite that identifies and monitors key risks and early warning signals that allows the Bank leadership and the Board to respond and prepare for negative conditions or events. The Risk appetite will require Board approval and monitoring by the ERCC on an ongoing basis

Conduct compliance responsibilities to ensure internal controls and compliance efforts are maintained on a daily basis. This will be accomplished by developing, recommending and maintaining policies, procedures and programs to reflect changes in law and regulations to minimize risk

Oversee the Bank's Business Continuity plan and regularly test their viability in a risk based approach

Oversee technology management to maintain current technology program including risk assessments, software changes, contingency planning, user access, incident response and cybersecurity assessment tools

Oversee the vendor management program including due diligence, ongoing monitoring of vendor performance. Specifically, ongoing monitoring of Block Inc owned processes and systems that the bank relies on across technology, fraud risks, operations

Coordinate internal compliance, audit and risk assessment matrix review and monitoring activities, including periodic review of departments. Specifically lead the Quality Assurance Program and Complaints Program over Bank products

Maintain the Model Risk Management Framework including oversee validation and provide "effective challenge" to the models and decisioning utilized by the Bank

Present status of the compliance, risk assessment program and information security program to bank management, Enterprise Risk and Compliance Committee and or Board on a regular basis

Participate or lead internal committees regarding enterprise risk, technology, operational and credit related risks

Monitor audit exceptions and recommendations and the resulting response and follow to verify required corrective action has been implemented

Responsible for the Bank's Policy and Procedure Inventory, including coordinating annual review and updates with Policy Owners, as necessary

Work with business line managers to develop new or revisions to existing policies and procedures as new Bank products or services are offered, new lines of business are initiated or new regulatory requirements are published

Represent the Bank as appropriate in its relationships with regulators and auditors

Qualification

Enterprise Risk FrameworkRisk AssessmentCapitalLiquidity ManagementCompliance ManagementBanking ExperienceLeadership SkillsCommunication SkillsCommercial AcumenInfluencing SkillsCollaboration

Required

15+ years of professional experience, with 5+ in leadership. Exhibits progression throughout career with a proven track record

Excellent executive presence, leadership and communication skills. Ability to partner and influence cross-functionally

Demonstrated ability to work collaboratively across the Bank and parent company (Block), fostering alignment while maintaining appropriate risk independence

Experience working in banking and/or financial services

Experience interacting and representing the company to external financial regulators

Strong commercial acumen and experience

Benefits

Remote work

Medical insurance

Flexible time off

Retirement savings plans

Modern family planning

Company

Block

Glassdoor3.9

Block is one company built from many blocks, all united by the same purpose of economic empowerment.

Founded in 1990

Oakland, California, US

10001+ employees

https://block.xyz/

H1B Sponsorship

Block has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (257)

2024 (253)

2023 (260)

2022 (297)