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:

The Chief Controls Office is led by the Chief Controls Officer who reports directly to the Chief Operations Officer and indirectly to the first line accountable Executive Committee members. The Chief Controls Office aims to achieve a high level of consistency and quality in approach, standards, and methodology for non-financial risk and controls. The Chief Controls Office Team is made up of risk management professionals committed to enabling business success in today’s complex legal and regulatory environment. The team is in SVB’s 1st LOD.

SVB is looking to hire a SVB Private Business Risk Officer II, that will report to a director within the 1st LOD SVB Private Risk Team. The Business Risk Officer II will provide support to one or more lines of business within SVB Private, including but not limited to, Operations, Financial Product Management, Investments, Capital Markets, MFO, Private Banking, Wealth, Trust, and Wine, Lending, and Specialty Commercial. This role will serve as a trusted partner and advisor and will be responsible for driving consistent implementation of 1st LOD risk management across the SVB Private. The ideal candidate will drive awareness, risk perspective, risk accountability and risk culture throughout the company; and perform deep risk management and provide subject matter expertise / specialist knowledge to advise 1st LOD accountable leaders and teams to drive risk informed decision making.

This position will require subject matter expertise in one or more of the SVB Private business units listed above, as well as broad knowledge of private, investment, and consumer banking products and services, as well as related national and international regulations. An understanding of operations and client service-related functions is critical. The right candidates will play an important role in supporting the development and implementation of risk management services in a sustainable framework. Being able to “connect the dots” between related teams and workflows will be paramount to achieving success in this role.

The essential functions and key responsibilities of the Business Risk Officer II include the following areas:

• Facilitate and implement risk management across the 1st LOD within SVB Private, including:

  • Support and assist in facilitating end-to-end identification and assessment of existing and new process/product/system risks and controls within an SVB Private Business Unit or Product area

  • Support the maintenance and change management processes for business profile, risk/control library and issues inventory specific to SVB Private Business Unit or Product area

  • Partner with Compliance, Internal Audit, Legal, IT, and other process owners to identify risks, maintain compliance standards, and mitigate risks

  • Drive risk awareness, risk accountability and risk culture throughout SVB Private Business Unit or Product area

  • Facilitate and provide advisory support in the identification of expected controls to meet risk program and regulatory obligations

  • Provide support, coordination, and inventory of all testing activities performed (e.g., control testing, compliance testing) and drive maturity improvements based on outputs of control testing

• Act in a business advisory role to 1st LOD accountable leaders and teams exhibiting deep risk subject matter expertise in the following areas:

  • Provide 1st LOD business stakeholders with advisory support, consultation, facilitation and review on risk management related topics including:

    • Risk identification and scoring

    • Control identification and assessment

    • Gap/issue identification, monitoring, mitigation planning and closure

  • Advise 1st LOD stakeholder by considering internal and/or external factors (e.g., control testing results, compliance testing results, risk program reports, operational risk events, customer complaints, external events, Internal audit finding, and supervisory reports)
  • Advise 1st LOD business stakeholders of the latest developments on risk management trends, tools, risk landscape and regulatory focuses
  • Advise 1st LOD business stakeholders on how to incorporate risk management processes into policies, operating procedures, and standards
  • Assist with translating control deficiencies into action plans and provide recommendations to enhance governance practices in alignment with risk and compliance frameworks.
  • Advise senior management on the status of their control environment related to risk identification and control weaknesses. Identify critical areas to monitor and escalates issues and findings to appropriate stakeholders.

• Develop business relationships and drive 1st LOD risk management coordination, including:

  • Manage and contribute to regular risk reporting

  • Drive inclusion, dialogue and decision making on key risks within 1st LOD and 2nd LOD risk governance forums

  • Communicate overall risk identification and control environment health results to 1st LOD and 2nd LOD

  • Provide coordination and guidance between 2nd LOD, 3rd LOD, and external regulators specific to 1st LOD inquiries, exam, and audits

  • Partner with Business to track action plans and the completion and documentation of self-identified and examination and audit issue remediation

  • Support change management communication with 1st LOD stakeholders based on new products and/or risk management requirements

  • Ensure risks associated with business activities are effectively identified, measured, monitored, and controlled.

  • Anticipate business needs and proactively identify opportunities to improve and strengthen the control environment through actionable insights.

Qualifications:

• Minimum of 3 years of relevant finance, risk management, internal audit, and/or compliance experience

• The ideal candidate will have direct experience working within a financial institution, or consulting experience advising financial institutions on the implementation of effective Risk Management programs

• Experience proactively identifying reputational, strategic, compliance, technology and operational risks and assessing the adequacy of controls to manage such risks, including recommending enhanced or additional controls

• Comfortable challenging the status quo

• Excellent project management skills

• High energy and proven track record of accomplishments and results

• Experience developing presentations and presenting

• Strong interpersonal skills, with evidence of working in collaboration across large, complex organizations, including effective influencing skills, a proactive and 'no surprises' approach in communicating issues/requests

• Strong knowledge of applicable laws, rules, regulations, supervisory guidance, and expectations for large financial institutions (LFIs)

• Understanding of business strategy, critical success factors, risk profile, and potential exposures

• Broad experience in technology risk management

• Ability to quickly learn new products, lines of business, processes, software, systems, and client needs

• Effective risk management skills and ability to mitigate risks and issues, as well as anticipating and proactively preparing for changes and impacts to clients and SVB’s business

• Polished diplomacy, active listening, persuasiveness, and presentation skills to evangelize new products or changes and gain buy-in, consensus, and cooperation in the face of conflicting viewpoints, resistance to change, constraints, etc.

• Critical-thinking, business analysis, and process engineering skills to manage, contribute to, and foresee pitfalls in process-related deliverables

• Strong expertise with MS Office including Word, Excel, PowerPoint, and Visio as well as Adobe. Expertise with Tableau and experience with GRC tools a plus.

Education:

• Bachelor’s degree preferred

BASE PAY:

$61,624.00 - $85,221.00

Actual starting base pay will be determined on skills, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, benefits, and/or other perks, as outlined in any formal offer made.

SVB benefit programs are designed to meet our employees where they are in life. SVBers may enroll in core benefits programs, plus take advantage of customized perks and offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here

© 2022 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 UK Limited is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK (Company Number 12546585). Silicon Valley Bank UK Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Firm Reference Number 543146). Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.

Together, First Citizens and Silicon Valley Bank offer you the strength and stability of a diversified financial institution with over 125 years of service and the personalized approach of a nimble financial partner. First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts.