What are the responsibilities and job description for the High Risk Segment Lead - FLOD KYC (BOI) position at Silicon Valley Bank?
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 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 BSA/AML team is responsible for identifying, investigating and monitoring relationships that pose a money laundering or terrorist financing risk in support of all legal and regulatory requirements relating to anti-money laundering (AML) and counter terrorism financing.
You will report in through the Special Approvals Managers for the Commercial Bank. The role will partner closely with the business and product areas and will liaise with the Second Line of Defense (SLOD).
You will report in through the Special Approvals Managers for 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 Business of Interest High Risk Segment Lead for KYC will be responsible for:
- Establishing a program for the review and approval of client relationships that meet SVBs high risk business categories.
- Serve as the Point of Contact for Commercial Bank Relationship Teams and aid in identification of prospects & existing clients that may have increased AML risk due to business model or geographic location.
- Provide expertise in assessing prelaunch or emerging business models to align with internal requirements for enhanced due diligence and approval.
- Assist the clients/prospects to ensure compliance with SVBs high risk requirements.
- Work with a team to perform screening and transactional surveillance activities, including CIP, Customer Due Diligence/Enhanced Due Diligence, sanctions screening and suspicious activity and money movement surveillance.
- Assist with internal ongoing due diligence review escalations regarding client matters.
- Provide training, advice, and guidance to the Commercial Bank teams.
The Expertise You Have
- Minimum of 1-3 years of banking, investment, risk management, or audit experience with a minimum of 5 years of experience related to KYC and EDD for financial crimes or compliance management processes.
- Demonstrate strong knowledge of financial crimes risks and the prevention and mitigation processes 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 FinCEN regulations and FFIEC guidelines.
- Ability to assess compliance programs, processes, controls.
- Ability to work independently, take initiative and have 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 work effectively as a team.
- Flexibility in learning new topics, handling change and deadlines.
- Must possess a bachelor’s degree in Business Administration, Accounting, Finance or equivalent. MBA or MS 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.
Risk Reporting Lead, Vice President
MUFG Bank, Ltd. -
Tempe, AZ
KYC Quality Control Analyst
MUFG Bank, Ltd. -
Tempe, AZ
Associate AML/KYC Officer
JPMorgan Chase -
Tempe, AZ
