Silicon Valley Bank · 1 day ago
SVB Sr. Director First Line Risk Mgmt (Horizontal Compliance Lead) REMOTE
Illinois, United States
Full-time
Remote
Director/Executive
$158K/yr - $273K/yr
12+ years exp
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Responsibilities
Partners with senior management to develop and implement risk management strategies ensuring key risks are appropriately managed and are aligned.
Advises senior leadership on risk considerations for BU strategic plans.
Effectively challenges risk programs outputs, ensuring bank and regulatory alignment.
Oversees the development of BU risk reports that provide a comprehensive view of risks impacting the BU.
Monitors BU risk and control performance.
Identifies Top and Emerging trends and actions to address impacts.
Reports key indicators and limits to ensure timely escalation of breaches as required by the Risk Appetite Framework (RAF).
Advises BU senior leadership in relevant risk governance meetings utilizing advanced understanding of the BU operations, risks, controls and related laws and regulatory guidance.
Provides feedback and collaborates on relevant governance documents to support BU activities and manage risk.
Drives the implementation of program policies, standards, and procedures.
Ensures timely communication around current and emerging issues and regulatory requirements.
Supports BU in the development, implementation and maintenance of the organizations risk management framework, policies, and procedures.
Coordinates risk assessments to evaluate and manage key risks.
Manages book of work to identify gaps and assess capacity, ensuring alignment with strategic objectives and prioritization of risk management initiatives.
Develops test plans and methodologies for evaluating the effectiveness of control activities, executes control testing procedures in accordance with the established test plan, identifies and supports remediation of control deficiencies.
Lead the tracking and resolution of issues, ensuring timely escalation and remediation.
Collaborates with BU and stakeholders to develop action plans and mitigation strategies to address root causes and prevent issue recurrence.
Monitor the status and effectiveness of issue remediation efforts, providing regular updates and reports to senior management.
Coordinate with other functions (i.e. Compliance, 2LOD) to ensure alignment with broader risk management and governance objectives.
Manage regulatory inquiries, examinations, and audits in collaboration with internal stakeholders.
Coordinate regulatory submissions, response and reporting requirements, ensuring accuracy, completeness, and timely submission.
Monitor regulatory developments and findings and assess their potential impact on the organization's risk profile and regulatory compliance.
Lead FRM team and establish expectations to achieve company and department goals.
Makes appropriate changes to team policies, procedures, and efficiencies to meet objectives.
Manages the performance, training, and evaluation of assigned staff.
Maximizes department achievements by providing professional development.
Participates in mandatory risk training and educates BU personnel on key risk programs and topics.
Develops and manages short- and long- term staffing needs.
Qualification
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Required
Bachelor's Degree and 12 years of experience in Financial Services, First Line Risk, Enterprise Risk or Operational Risk, Audit, or Compliance OR High School Diploma or GED and 16 years of experience in Financial Services, First Line Risk, Enterprise Risk or Operational Risk, Audit, or Compliance.
Preferred
Risk Management Principles / Frameworks / Programs
Commercial Business SME (e.g., Relationship Mgmt, Sales, Portfolio Mgmt, Loan Administration / Middle Office, Underwriting / Credit, Products, Payments, FX, Trade Finance, Asset Mgmt, Syndications, Derivatives, Bond Tips, Corporate Banking, Middle Market Banking, Commercial / Equipment / Asset / Real Estate Finance, etc.)
RCSA
Issues Mgmt
Mitigation Planning
Operational Risk Events
Risks & Controls Documentation
Control Testing
Risk Assessment
Risk Identification & Mitigation
Risk Profile / Tolerance / Appetite / Concentrations
Regulatory / Audit / Compliance / Testing Engagement Mgmt & responses
Compliance SME
Credit SME
BSA/AML SME
International SME
Governance
Oversights
Model Risk
Third Party Risk
Risk Reporting
Metrics
Analytics
Communications
Project Mgmt
Benefits
Comprehensive benefits program
Customized offerings
Benefits designed to support families
Company
Silicon Valley Bank
Silicon Valley Bank is a venture debt provider that focuses on the tech startup sector.
5,001-10,000 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 (19)
2022 (112)
2021 (153)
2020 (100)
Funding
Current Stage
Late StageTotal Funding
unknown2023-03-26Acquired· by First Citizens Bank ($16.5B)
Leadership Team
Greg Becker
CEO
R
Robert Parker
Senior Vice President, Corporate Banking
Recent News
bloomberglaw.com
2024-11-13
2024-10-31
2024-10-30
Company data provided by crunchbase
