28 days old

Financial Crimes Analyst II - Enhanced Due Diligence Financial Crimes - COI

Silicon Valley Bank
New York, NY 10007
  • Job Code

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 startup, an exciting venture backed company, a successful private equity company, or a game changing biotech company. Inspired by them, we are redefining Banking.

SVB's First Line of Defense (FLOD) BSA/AML and Sanctions Enhanced Due Diligence team is responsible for identifying, investigating, and monitoring relationships that pose a financial crimes risk in support of all legal and regulatory requirements relating to anti-money laundering (AML), OFAC/Sanctions and counter terrorism financing.

You will report in through the Enhanced Due Diligence KYC Manager in the Commercial Bank. The role will partner closely with the business and product areas and will liaise with the Second Line of Defense (SLOD).

The Enhanced Due Diligence Financial Crimes Analyst for FLOD KYC will be responsible for:

  • Completing the review and approval of client relationships that meet SVBs high risk business categories.
  • Serving as the primary point of contract for Commercial Bank Relationship Teams in the identification of clients and prospects that may have OFAC/Sanctions risk due to business model or geographic location.
  • Providing expertise in assessing prelaunch business models to align with internal requirements for enhanced due diligence and approval.
  • Independently lead sanctions due diligence calls for fast growing start-up companies
  • Conduct holistic reviews of clients and prospects considering sanctions exposure and determine whether sufficient controls are in place to mitigate any sanctions risk.
    • When necessary, assist clients and prospects in establishing the proper control environment to ensure compliance with SVBs OFAC/Sanctions requirements
  • Working with a team to perform enhanced due diligence reviews on high-risk and complex clients and prospects.
  • Assisting with internal ongoing due diligence review escalations regarding client matters.
  • Develop and deliver targeted OFAC/Sanctions trainings
Providing, advice, and guidance to the Commercial Bank Relationship teams. The Expertise You Have

Minimum of 1-3 years of banking, financial risk management, and/or Sanctions experience with a minimum of 3 years of experience related to KYC and EDD for financial crimes or compliance management processes.

Demonstrate strong knowledge of OFAC/Sanctions risks and controls.

Strong knowledge of control frameworks and the ability to design and evaluate effectiveness of controls embedded within business processes.

Strong understanding of the compliance and regulatory frameworks that apply to financial institutions with an emphasis on US/EU/UK Sanctions regulations.

Ability to assess sanctions programs, processes, controls.

Ability to work independently and take initiative

  • Strong verbal and written communication skills.
Good time management and attention to detail are critical to this position.

Good analytical, research, organizational, and project management skills.

Strong individual contributor with the ability to collaborate across teams.

  • Ability to balance multiple, changing priorities in a dynamic and fast-moving working environment
  • Participate in special projects in support of the First Line of Defense (FLOD) Sanctions Team
Must have a bachelor's degree or equivalent. MBA or JD a plus.

Strong understanding of requisite Microsoft Office applications and ability to learn new internal systems quickly.

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).

Equal Employment Opportunity

Silicon Valley Bank is an equal opportunity employer and is dedicated to expanding its commitments and investments to create a more diverse, equitable and inclusive company culture and innovation ecosystem. We are strongly committed to the values and policy of equal employment opportunity across our employment practices.

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: 2022-07-15 Expires: 2022-08-13
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Financial Crimes Analyst II - Enhanced Due Diligence Financial Crimes - COI

Silicon Valley Bank
New York, NY 10007

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