Silicon Valley Bank · 5 hours ago
SVB-Manager: Enhanced Due Diligence- Payments
Austin, TX
Full-time
Hybrid
Mid, Senior Level
$85K/yr - $114K/yr
4+ years expSilicon Valley Bank is a large financial institution seeking a Manager for their Enhanced Due Diligence Know Your Customer team. The role involves leading a team to conduct enhanced due diligence reviews on high-risk client segments to ensure compliance with regulatory requirements and internal policies.
BankingFinanceFinancial Services
Responsibilities
Enhanced Due Diligence Reviews- Manage a team’s pipeline of EDD reviews on new and existing clients engaged in higher risk business models, including Money Service Businesses (MSBs), Third-Party Payment Processors, Loan or Finance Companies, and other Non-Bank Financial Institutions (NBFIs), ensuring compliance with regulatory requirements and internal policies. Coordinate cross-functional teams' in-depth analysis of client profiles, business activities and ownership structures to assess money laundering, terrorist financing and other financial crime risks. Provide oversight of escalated client reviews on client documentation, business licenses, financial statements, and transaction records to ensure accuracy and completeness of KYC information. Assist clients and prospects in establishing the proper control environment to ensure compliance with the Bank’s requirements
Regulatory Compliance- Serve as a subject matter expert and ensure compliance with regulatory requirements, industry standards and best practices related to EDD, KYC, BSA, Sanctions, AML and additional compliance regulations surrounding the financial services and NBFI industries. Document and maintain accurate records of due diligence reviews, including findings, decisions, and supporting documentation in accordance with internal policies and regulatory standards. Partner with Compliance, Internal Audit, and other departments to respond to examinations and audit requests, assist in development and execution of implementation of program enhancements to ensure all processes and changes implemented fully comply with applicable regulations and legislation, standards, policies, and guidelines
Risk Analysis: Lead and champion efforts on identifying and managing existing and emerging risks identified through reviews, and ensuring these risks are effectively assessed, communicated, and controlled. Conduct assessments and profiling of clients based on their risk factors including business type, transaction volume and geographical location. Analyze client transactions and account activity to identify red flags indicative of potential financial crimes or higher risk activities. Identify and communicate opportunities to automate/streamline quality and compliance efforts
Reporting & Training- Collaborate with internal FLOD EDD and cross-functional teams to share insights, provide support, training and guidance on policies, procedures and best practices, promoting a culture of compliance. Communicate effectively with internal stakeholders, relationship managers, and business units to address queries and resolve issues related to EDD. Provide expertise in assessing prelaunch or emerging business models to align with internal requirements for EDD and approval
Qualification
Required
Bachelor's Degree with a minimum of 4 years of experience in Payments within Fintech, banking, KYC Compliance, risk management with direct experience leading a team OR High School Diploma or GED with a minimum of 8 years of experience
Preferred
KYC First Line, Compliance or Risk roles reviewing financial technology (Fintech) or Banking-as-a Service (BaaS) relationships at a Large Financial Institution
KYC First Line, Compliance or Risk roles reviewing unique account structures like On-behalf-of (OBO) and/or For-benefit-of (FBO) products
License/Certification: Association of Certified Anti-Money Laundering Specialist (ACAMS), or Certified Fraud Examiner
Demonstrate knowledge of international and regional financial crimes risks, to include but not limited to Anti-Money Laundering, Counter Terrorism Financing risks, fraud, and the prevention and mitigation processes and controls
Demonstrate strong understanding of Anti-Money Laundering risk related to MSBs, and other FinTech business models, including payment processors, loan or finance companies, and other NBFIs
Demonstrate the ability to lead multiple analysts responsible for client engagement and appropriately identify areas of opportunity to enhance first line engagement
Demonstrate ability to mentor and develop analysts and associates on identifying and mitigating BSA/AML as it related to payments flow of funds
Understanding of the compliance and regulatory frameworks that apply to financial institutions with an emphasis on FinCEN regulations, FFIEC guidelines, Bank Secrecy Act and US PATRIOT ACT
Understanding of evolving regulatory guidance and applicability to making risk-based decisions across the payments industry
Ability to assess unique business model risks and appropriate compensating controls
Ability to work collaboratively with peers and leaders to attain common goals
Ability to communicate effectively both in writing and orally, in person and by telephone, with all levels of the organization and with bank clients
Ability to work independently, take initiative, and have strong verbal and written communication skills
Good analytical, research, organizational, and project management skills
Flexibility in learning new topics, handling change and deadlines to address newly identified risks or process changes
Strong understanding of requisite Microsoft Office applications and ability to learn new internal systems quickly
Company
Silicon Valley Bank
Silicon Valley Bank offers business banking, lending, payments, venture debt, liquidity management, and global fund banking sloutions.
5001-10000 employees
H1B Sponsorship
Silicon Valley Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2023 (42)
2022 (126)
2021 (138)
2020 (98)
Funding
Current Stage
Late StageTotal Funding
unknown2023-03-27Acquired
Leadership Team
Alexander Addario
Director of Fin-tech
Andy Tsao
Managing Director. Founder/Head of Global Gateway
Recent News
2026-01-24
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