Demo

Senior Model Risk Analyst

Cash App
San Francisco, CA Full Time
POSTED ON 3/11/2025
AVAILABLE BEFORE 6/12/2025

It all started with an idea at Block in 2013. Initially built to take the pain out of peer-to-peer 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 world's 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. We've 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

  • 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.
  • 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 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.

    Block will consider qualified applicants with arrest or conviction records for employment in accordance with state and local laws and "fair chance" ordinances.

    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.

    To find a location's zone designation, please refer to this resource.

    Zone A :

    135,200 — $202,800 USD

    Zone B :

    125,800 — $188,600 USD

    Zone C :

    119,000 — $178,400 USD

    Zone D :

    108,200 — $162,200 USD

    Every benefit we offer is designed with one goal : empowering you to do the best work of your career while building the life you want. Remote work, medical insurance, flexible time off, retirement savings plans, and modern family planning are just some of our offerings. Check out our other benefits at Block.

    Block, Inc. (NYSE : XYZ) builds technology to increase access to the global economy. Each of our brands unlocks different aspects of the economy for more people. Square makes commerce and financial services accessible to sellers. Cash App is the easy way to spend, send, and store money. Afterpay is transforming the way customers manage their spending over time. TIDAL is a music platform that empowers artists to thrive as entrepreneurs. Bitkey is a simple self-custody wallet built for bitcoin. Proto is a suite of bitcoin mining products and services. Together, we're helping build a financial system that is open to everyone.

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    Salary : $108,200 - $162,200

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