7 days old

Business Risk Officer, Private Bank

Silicon Valley Bank
Tempe, AZ 85281
  • Job Code
    12417
BE PART OF A BANK LIKE NO OTHER.

When you work with the world's most innovative companies, you know you're making a difference.

Our clients are the game changers, leaders and investors who fuel the global innovation economy. They're the businesses behind the next medical breakthroughs. And the visionaries whose new technologies could transform the way people live and work.

They come to SVB for our expertise, deep network and nearly forty years of experience in the industries we serve, and to partner with diverse teams of passionate, enterprising SVBers, dedicated to an inclusive approach to helping them grow and succeed at every stage of their business.

Join us at SVB and be part of bringing our clients' world-changing ideas to life. At SVB, we have the opportunity to grow and collectively make an impact by supporting the innovative clients and communities SVB serves. We pride ourselves in having both a diverse client roster and an equally diverse and inclusive organization. And we work diligently to encourage all with different ways of thinking, different ways of working, and especially those traditionally underrepresented in technology and financial services, to apply.
Job Description

Silicon Valley Bank is the banking partner behind the most innovative and exciting companies globally. Our clients have redefined solutions in many areas of the global economy, and we have powered their success by providing them the right financial solution whether they are a promising little startup, an exciting venture-backed company, a successful private equity company, or a game-changing biotech company. Inspired by them, we are redefining Banking.

This positionis in the Private Bank and Wealth Management ("PBWM") Business Risk Office and provides risk management support for strategic, operational, and regulatory and compliance matters relating primarily to private banking matters, including deposit and banking office functions. This position also serves on the coverage team for other PBWM business lines. The Business Risk Officer II role is part of the first line of defense and will liaise closely with both business leaders and the second line of defense functions. The position will be responsible for providing risk insight and operational risk control for private bank business units. This person is also responsible for building the culture of a well-managed organization in line with guidance from ERM, ORM, Compliance, and other second lines of defense groups.

Responsibilities include advice and consultation on business line procedures; end-to-end controls testing; audit and regulatory examination support; and risk identification and remediation for self-identified, internal, and external issues in keeping with corporate tools and methodologies.The right person thrives in high performance and a fast-paced environment, working with a world-class team of bankers.

Essential Functions

  • Serve as Single Point of Contact ("SPOC") within Business Risk for Private Bank deposit and banking office functions; serve as part of the coverage team for other PBWM functions
  • Partner with Compliance, Internal Audit, Legal, IT, and other process owners to identify risks, maintain compliance standards, and mitigate risks
  • Provide support and advice to the business on risk identification and issue management
  • Facilitate risk assessments as directed by the second line of defense; provide credible challenge
  • Support process and control owners
  • Identify/provide tools to guide maintenance of controls; serve as custodian of control documentation for business lines; perform controls testing
  • Proactively develop compliance and operational processes
  • Manage audit and examination processes, including coordinating with business unit team members, external auditors and examiners, consultants and the internal Compliance / Audit team
  • Work with managers across all business unit functions to resolve risk issues as appropriate
  • Facilitate cross-functional teams, facilitate project meetings, develop and maintain project plans for issue resolution and manage/support solution implementations
  • Ensure risk issues and corresponding action items are effectively remediated and evidenced
  • Work closely with Operational Risk personnel on both risk assessments and risk issues and events
  • Work with systems team to ensure data integrity and maintain compliance with federal/state and international requirements
  • Report accurate and timely information as it relates to compliance and risk responsibilities
  • Partner with Director, Policy, and Projects to manage processes to maintain business unit policies in compliance with applicable laws, rules, regulations
  • Coordinate and support process/control owners in maintenance of required compliance documentation and internal control practices
  • Provide support to business lines on business continuity and third-party risk matters
  • Conduct targeted risk management/compliance training as needed
  • Manage and/or support other special projects, initiatives, as needed

Knowledge/Skills:
  • Working knowledge of consumer compliance requirements for lending and deposit products
  • Working knowledge of deposit and loan products
  • Understanding of financial institution enterprise risk structures and requirements and audit and examination processes
  • Excellent interpersonal, communication, and organizational skills
  • Strong organizational skills with the ability to prioritize multiple concurrent projects
  • Excellent investigative and problem-solving skills
  • Ability to collaborate, negotiate, influence, and build consensus across the organization.Dedicated team player

Required Education and Experience Education:
  • Bachelor's degree required with a minimum of 2-4 years of relevant finance, risk management, internal audit, and/or compliance experience
  • The ideal candidate will have direct experience working in a first or second-line risk role within a financial institution, or consulting experience advising financial institutions on the implementation of effective Risk Management programs
  • Working knowledge of banking regulations and requirements within operational risk, compliance, and related disciplines.
  • Strong expertise with MS Office including Word, Excel, PowerPoint, and Visio as well as Adobe. Expertise with Tableau and experience with GRC tools are a plus.

For nearly forty years, SVB Financial Group (NASDAQ: SIVB) and its subsidiaries have helped innovative companies and their investors move bold ideas forward, fast. SVB Financial Group's businesses, including Silicon Valley Bank, offer commercial, investment and private banking, asset management, private wealth management, brokerage and investment services and funds management services to companies in the technology, life science and healthcare, private equity and venture capital, and premium wine industries. Headquartered in Santa Clara, California, SVB Financial Group operates in centers of innovation around the world.

2021 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (Nasdaq: SIVB).

SVB Financial Group is an equal opportunity employer.

At SVB, we have the opportunity to grow and collectively make an impact by supporting the innovative clients and communities SVB serves. We pride ourselves in having both a diverse client roster and an equally diverse and inclusive organization. And we work diligently to encourage all with different ways of thinking, different ways of working, and especially those traditionally underrepresented in technology and financial services, to apply.

Silicon Valley Bank is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK under No. FC029579. Silicon Valley Bank is authorised and regulated by the California Department of Business Oversight and the United States Federal Reserve Bank; authorised by the Prudential Regulation Authority with number 577295; and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.





Posted: 2021-09-11 Expires: 2021-10-10
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Business Risk Officer, Private Bank

Silicon Valley Bank
Tempe, AZ 85281

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