Full-Time

Senior Model Risk Analyst

Updated on 3/14/2025

Block

Block

10,001+ employees

Financial services and payment processing solutions

Compensation Overview

$108.2k - $202.8kAnnually

Senior

Remote in USA

Category
Risk Management
Finance & Banking
Required Skills
Python
Git
SQL
Machine Learning
Requirements
  • Master’s or Ph.D. degree in a quantitative discipline such as mathematics, statistics, data science, economics, finance, computer science, or any related field
  • 5+ years of experience in model development, model validation, and/or quantitative analysis, 3+ years with a Master's degree
  • Familiarity with one or more of the following areas of models: underwriting, loss forecast, asset liability management, FP&A, and BSA/AML
  • In-depth knowledge of statistical and machine learning modeling techniques and quantitative methods used in model validation
  • Proficiency in Python, SQL, and GitHub
  • Excellent technical writing and verbal communication skills
  • Strong organizational skills with the ability to prioritize and manage multiple projects simultaneously
Responsibilities
  • Conduct independent model validation and provide a comprehensive effective challenge of models by partnering with model owners and developers, following Bank policies, regulatory requirements, and industry best practices
  • Write validation reports documenting the independent validation process including important observations, recommendations, and associated remedial actions
  • Develop and maintain effective working relationships with key stakeholders, ensuring effective communication and understanding of model validation findings
  • Review ongoing model performance monitoring reports to ensure satisfactory performance and suggest corrective actions where required
  • Monitor the remedial actions taken by model owners and developers to ensure model validation findings are addressed in a timely manner
  • Assist with regulatory exams and internal audits to address and prevent recurrence of identified gaps and deficiencies

Block Inc. focuses on providing a wide range of financial services through its various products. The main product, Square, offers tools for point-of-sale systems and payment processing, specifically designed for small businesses to manage transactions efficiently. The Cash App allows users to send money to each other, invest in stocks, and buy Bitcoin, all while providing a customizable debit card for easy access to funds. Block also ventures into the music streaming industry with TIDAL and works on enhancing Bitcoin's utility and security through projects like Spiral and a dedicated hardware wallet. What sets Block apart from its competitors is its diverse ecosystem that integrates various financial services, making it easier for users to manage their finances in one place. The company's goal is to create a seamless and comprehensive financial experience for individuals and businesses alike.

Company Size

10,001+

Company Stage

IPO

Headquarters

Oakland, California

Founded

2009

Simplify Jobs

Simplify's Take

What believers are saying

  • Block's integration of AI enhances fraud detection and security measures.
  • The rise of DeFi platforms offers new opportunities for Block's financial services.
  • Growing demand for ESG investing encourages Block to develop sustainable investment products.

What critics are saying

  • Increased competition from fintechs like Affirm and SoFi may erode Block's market share.
  • Block's recent fines for AML and security failures could damage its reputation.
  • The CE 100 Index's decline may affect investor confidence in Block.

What makes Block unique

  • Block offers a comprehensive suite of financial tools for small businesses.
  • Cash App provides versatile services, including peer-to-peer transfers and Bitcoin investments.
  • Block is expanding into music streaming with TIDAL and Bitcoin initiatives like Spiral.

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Benefits

Remote Work Options

Health Insurance

Flexible Work Hours

Family Planning Benefits

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-2%

2 year growth

4%
PYMNTS
Feb 24th, 2025
Platforms Use Cards And Deposits To Become Alternatives To Traditional Banks

FinTechs — especially platforms — are capitalizing on the continued buildout of digital solutions and products, including cards, to give consumers an alternative to traditional banks. In doing so, and by offering a continuum of financial services, Block, Affirm, SoFi and PayPal, and are moving beyond the confines of commerce to become, in essence, banks themselves. The latest earnings reports from these firms underscore the increased use of cards, buy now, pay later (BNPL) and direct deposit activity tied to a single point of access (an app) that keeps customers transacting not only with merchants on the platforms, but off the platforms as well

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Feb 21st, 2025
Block expands Afterpay on Cash App card

Block is rolling out Afterpay on its Cash App card this week after a year of testing the buy now, pay later service.

CT News Junkie
Jan 20th, 2025
Connecticut Joins Settlement With Cash App Owner Block, Inc., For Violations And Security Failures

Connecticut joins settlement with Cash App owner Block, Inc., for violations and security failures.

MarketBeat
Jan 19th, 2025
Udine Wealth Management Inc. Invests $953,000 in Block, Inc. (NYSE:SQ)

Udine Wealth Management Inc. invests $953,000 in Block, Inc. (NYSE:SQ).

The FinRate
Jan 17th, 2025
Block Fined $255 Million Over Cash App AML and Fraud Failings

Block Inc. has been fined $255 million over AML and fraud failures on its Cash App platform, with penalties imposed by state regulators and the CFPB.