Block Logo

Block

Third Party Risk Manager

Posted 6 Days Ago
Be an Early Applicant
Hybrid
Dublin
Senior level
Hybrid
Dublin
Senior level
The Third Party & Outsourcing Risk Manager leads the development and implementation of the outsourcing risk program, ensuring compliance with regulatory requirements. Responsibilities include managing outsourcing risks, conducting reviews and assessments, maintaining the Outsourcing Register, and collaborating with stakeholders to mitigate risks in outsourcing arrangements.
The summary above was generated by AI

Since we opened our doors in 2009, the world of commerce has evolved immensely, and so has Square. After enabling anyone to take payments and never miss a sale, we saw sellers stymied by disparate, outmoded products and tools that wouldn't work together.
So we expanded into software and started building integrated, omnichannel solutions - to help sellers sell online, manage inventory, offer buy now, pay later functionality, book appointments, engage loyal buyers, and hire and pay staff. Across it all, we've embedded financial services tools at the point of sale, so merchants can access a business loan and manage their cash flow in one place. Afterpay furthers our goal to provide omnichannel tools that unlock meaningful value and growth, enabling sellers to capture the next generation shopper, increase order sizes, and compete at a larger scale.
Today, we are a partner to sellers of all sizes - large, enterprise-scale businesses with complex operations, sellers just starting and merchants who began selling with Square and have grown larger over time. As our sellers grow, so do our solutions. There is a massive opportunity in front of us. We're building a significant, meaningful, and lasting business, and we are helping sellers worldwide do the same.
The Role
Join the Compliance team as the Third Party & Outsourcing Risk Manager who is responsible for the daily oversight and coordination of services received from intragroup services, and holistic oversight of all external TPSP/OSPs. You will be based in the London office but will have the option to work remotely (from anywhere in the UK), and report to the CCO, Europe.
You Will
The Third-Party & Outsourcing Risk Manager leads the development and implementation of the outsourcing risk program (policy, procedures and guidelines) following regulatory requirements, working with first line business stakeholders, risk, compliance and legal to ensure the requirements are met

  • Produce relevant management information on program updates, outsourcing risks, regulatory changes and the outcomes from any initial and periodic due diligence, highlighting any risks or concerns identified as part of the process;
  • Conduct an initial review of any potential outsourced arrangements (triggered through Thinksmart for external third parties) to determine whether the outsourcing and criticality assessment is required;
  • Review potential outsourcing arrangements and changes to existing arrangements, supervising the completeness of Outsourcing Risk and Criticality Assessments, Due Diligence, and Outsourcing Contracts for all OSPs, before entering into an outsourcing arrangement, and periodically throughout the outsourcing relationship;
  • Collaborate with risk subject matter experts to ensure the risk assessment and due diligence process identifies and mitigating risk with critical and non critical services
  • Maintain the Outsourcing Register and review it annually to ensure it is accurate and up to date. Advise the OOC of any changes and present this to the OOC, RGC & Board on at least an annual basis
  • Conduct periodic (at least annual) review of outsourcing policy, procedures, criticality assessment, risk assessment and due diligence process to ensure they are is still fit for purpose and in consideration of regulatory requirements
  • Conduct adequate and risk-based monitoring of Outsourcing Arrangements with further oversight and challenge coming from 2LOD and 3LOD;
  • Assess any proposed changes in the nature of any Outsourced Arrangements and, ensuring that all relevant outsourcing documentation has been updated and approvals received before the change being made;
  • Ensuring that BCM testing is completed on critical outsourcing arrangements on at least an annual basis;
  • Develop the outsourcing program to ensure it continues to align with any new regulatory requirements
  • Ensure the development and delivery of a risk-based outsourcing training programme in SIL;
  • Ensuring that Block group policies and procedures meet any obligations imposed on SIL to comply with any local regulatory legal and risk management requirements;
  • Assess Block groups policies and procedures and ensure any obligations imposed on SIL comply with any local regulatory legal and risk management requirements, assisted by the Outsourcing recipient;
  • Produce relevant management information on the performance and delivery of outsourced services including the reporting of any control issues, breaches or incidents, and providing this to SIL Outsourcing Oversight Committee;


You have

  • 6+ years' experience within payments/e-money or other regulated financial services firm
  • Experience working in outsourced service providers and vendor relationship management
  • Relevant experience and in-depth knowledge of outsourcing regulations, especially EBA and Financial Conduct Authority outsourcing guidelines
  • Self-starter with ability to work in a fast-paced environment


This role has been identified as a Controlled Function position by the Central Bank of Ireland. Any offer is subject to, and conditional upon, satisfactory completion of fitness and probity checks in accordance with the Central Bank Reform Act 2010.
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, based solely on the core competencies required of the role at hand, and without regard to any 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 an inclusive workplace? Check out our Inclusion & Diversity page
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. Check out benefits at Block.
Block, Inc. (NYSE: SQ) is a global technology company with a focus on financial services. Made up of Square, Cash App, Spiral, and TIDAL, 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.

Block Dublin, Dublin, IRL Office

Dublin, Ireland

Similar Jobs at Block

Be an Early Applicant
5 Days Ago
Dublin, IRL
Remote
Hybrid
12,000 Employees
Senior level
12,000 Employees
Senior level
Blockchain • eCommerce • Fintech • Payments • Software • Financial Services • Cryptocurrency
The Internal Audit Senior Manager will lead the execution of the European Internal Audit plan focusing on financial crimes, privacy, and information security audits. Responsibilities include managing the international internal audit strategy, preparing board materials, and overseeing consultant relationships while developing collaborative relationships with internal and external stakeholders.
Be an Early Applicant
6 Days Ago
Dublin, IRL
Hybrid
12,000 Employees
Mid level
12,000 Employees
Mid level
Blockchain • eCommerce • Fintech • Payments • Software • Financial Services • Cryptocurrency
The Service Delivery/Third Party Coordinator will be responsible for managing and overseeing outsourced service delivery, ensuring compliance with outsourcing policies, establishing performance metrics, and facilitating service review meetings. This role aims to enhance the efficiency and effectiveness of vendor relationships while managing risks associated with outsourcing contracts.

What you need to know about the Dublin Tech Scene

From Bono and Oscar Wilde to today's tech leaders, Dublin has always attracted trailblazers, with more than 70,000 people working in the city's expanding digital sector. Continuing its legacy of drawing pioneers, the city is advancing rapidly. Ireland is now ranked as one of the top tech clusters in the region and the number one destination for digital companies, with the highest hiring intention of any region across all sectors.

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account