Senior Model Risk Analyst
Senior Model Risk Analyst
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Job Description
It all started with an idea at Block in 2013. Initially built to take the pain out of peertopeer payments Cash App has gone from a simple product with a single purpose to a dynamic ecosystem developing unique financial products including Afterpay/Clearpay to provide a better way to send spend invest borrow and save to our 50 million monthly active customers. We want to redefine the worlds relationship with money to make it more relatable instantly available and universally accessible.
Today Cash App has thousands of employees working globally across office and remote locations with a culture geared toward innovation collaboration and impact. Weve been a distributed team since day one and many of our roles can be done remotely from the countries where Cash App operates. No matter the location we tailor our experience to ensure our employees are creative productive and happy.
The Role
Square Financial Services Inc (SFS or the Bank) is Block Inc.s bank. We opened in March 2021 and provide lending and FDIC insured deposits services to small businesses on a nationwide basis.
The SFS model risk team is dedicated to ensuring regulatory compliance reduction of potential model errors or bias and promoting appropriate use for models created and maintained by SFS. The team achieves this by establishing and implementing model governance frameworks validating and monitoring model performance and providing guidance on best practices for model development. We are seeking a Senior Model Risk Analyst to join our team and support our model risk management activities. This position can be fully remote.
You Will
- 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
You Have
- Masters 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 Masters degree
- Familiarity with one or more of the following areas of models: underwriting loss forecast asset liability management FP&A and BSA/AML
- Indepth 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
Were 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 were doing to build a workplace that is fair and square Check out our ID page.
Block will consider qualified applicants with arrest or conviction records for employment in accordance with state and local laws and fair chance ordinances.
Required Experience:
Senior IC
Employment Type
Full Time
