Square builds common business tools in unconventional ways so more people can start, run, and grow their businesses. When Square started, it was difficult and expensive (or just plain impossible) for some businesses to take credit cards. Square made credit card payments possible for all by turning a mobile phone into a credit card reader. Since then Square has been building an entire business toolkit of both hardware and software products including Square Capital, Square Terminal, Square Payroll, and more. We’re working to find new and better ways to help businesses succeed on their own terms—and we’re looking for people like you to help shape tomorrow at Square.

Job Description

Square Financial Services, Inc (SFS) is a conditionally approved Industrial Loan Corporation based in Salt Lake City, Utah.  SFS has received conditional approval from both the FDIC and State of Utah DFI to open an Insured depository institution.  SFS will be focused on providing lending service to small businesses on a nationwide basis. SFS will also seek to raise FDIC insured deposits nationwide.

From day one, we've aimed to create economic empowerment for all businesses. We're now taking the next step by creating banking specifically for small businesses. Our bank (Square Financial Services) was launched in March 2021, and offers small business loans and deposit products. You'll be on the forefront of establishing and growing a bank that allows for all businesses to thrive. We can't wait to see your ideas come to life.

The Enterprise Risk Specialist role will be primarily responsible for the execution of the Bank’s Enterprise Risk Management program and priorities under the oversight of the Bank’s Chief Risk Officer (“CRO”)

You will: 

• Under supervision of the CRO, support the development, implementation and on-going maintenance of the enterprise risk management framework 
• Coordinate with cross functional teams and drive the annual enterprise risk assessment process within the Bank
• Develop and document methodologies for the assessment and ongoing monitoring of risks using both quantitative and qualitative tools and metrics
• Prepare status reports with conclusive analysis, develop risk metrics and other risk-related and/or dashboard reporting in accordance with the ERM program and, as requested by management and/or Board committees
• Supports organizational compliance with risk policies through regular risk monitoring and reporting, documenting and reporting risk policy exceptions
• Help to drive and create presentations or other reporting for senior management, risk committees and the board with focus on key risks, trends, internal/external event reviews 
• Assist in other enterprise risk management initiatives as the Bank continues to grow

You have: 

• 4 year undergraduate degree at minimum (graduate degree in a technical field preferred)
• 5 years risk related experience within financial institutions
• Knowledge of risk management concepts and industry best practices
• Knowledge of banking examination or regulations
• The versatility and willingness to learn new tools and technologies on the job
• The ability to clearly communicate complex results to technical and non-technical audiences

Preferred: 

• Prior experience in risk quantification, development of risk appetite within financial institutions is preferred
• Experience with Operational risk or Affiliate risk 

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 $94,400 - USD $115,400
Zone B: USD $87,800 - USD $107,400
Zone C: USD $80,300 - USD $98,100
Zone D: USD $70,800 - USD $86,600

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 
• Additional Perks such as WFH reimbursements and free access to caregiving, legal, and discounted resources 

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.