Regulatory Risk Lead, Afterpay Canada

Block is one company built from many blocks, all united by the same purpose of economic empowerment. The blocks that form our foundational teams — People, Finance, Counsel, Hardware, Information Security, Platform Infrastructure Engineering, and more — provide support and guidance at the corporate level. They work across business groups and around the globe, spanning time zones and disciplines to develop inclusive People policies, forecast finances, give legal counsel, safeguard systems, nurture new initiatives, and more. Every challenge creates possibilities, and we need different perspectives to see them all. Bring yours to Block.

The Role

We are looking for a Regulatory Risk lead to join our team, supporting the Afterpay Canada business unit as it prepares for compliance with Operational risk and incident response requirements associated with Canada's Retail Payment Activities Act (RPAA). This is a key role overseeing the Afterpay Canada Operations risk function and will include responsibility for fulfilling the Risk Officer function and requirements under the RPAA. You will be based in Canada but will have the option to work from home (from anywhere in Canada). You will report directly to the Head of Compliance & MLRO, Afterpay Canada.

You Will

• Oversee the Afterpay Canada regulatory / operational risk and incident response function following Canada's RPAA and fulfil the Risk Officer function and requirements under the RPAA.
• Cultivate and embed a regulatory risk management culture across the business and assist first line of defence in the identification, assessment and mitigation of risks related to Afterpay Canada's retail payment services.
• Manage and develop the regulatory risk management framework, related processes – ensuring they meet regulatory expectations and are tailored to the business – enhancing operational efficiencies.
• Develop and embed the key risk Indicator framework.
• Perform analysis of regulatory risk data to identify insights, trends and emerging risks.
• Ensure risks and business activities undertaken are monitored and assessed on a regular basis aligning with set risk appetites and overall risk exposure.
• Maintain Afterpay Canada's legal entity's' risk registers.
• Oversee the Afterpay Canada business unit's Incident Response Program in line with regulatory requirements, including development of detailed program for incident risk mitigation as well as incident detection, communication, recovery and remediation
• Monitor the effectiveness of risk management systems including escalation and reporting processes.
• Oversee all outsourced risk management processes and third-party service provider relationships
• Collaborate with internal and external stakeholders for compliance and effectiveness testing as well as independent audits
• Advise the relevant board of directors on risk appetite statements and exposure limits and the execution of overall regulatory risk management strategies.
• Manage quarterly risk reports for the relevant board of directors.
• Preparation of any mitigation or remediation plans for risks falling outside prescribed risk appetites.
• Partner with stakeholders to bring our products to market and provide advice on regulatory risk-related activities for Afterpay Canada products including Buy Now Pay Later (BNPL), Merchants services and payments
• Promote the risk culture by participating in the development and delivery of training, awareness and other supporting materials

You Have

• 9+ years experience in a Risk Officer or similar role (first line of defence and second line of defence experience preferable), with a focus on risk and controls, either in professional services or in a regulated financial services organisation
• Demonstrated ability to directly report to a board of directors / senior leadership.
• Strong communication skills and the ability to present complex information in a simple and clear manner.
• Experience managing projects and scaling processes with company growth.
• Ability to collaborate and influence across all levels of the organization

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 throughout the recruitment process. If you require an accommodation, let your recruiter know.

Want to learn more about what we're doing to build an inclusive workplace? Check out our Inclusion & Diversity page.