Sr Manager - Governance & Controls

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 30+ 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

Summary/Objective

This role has the opportunity to establish the robust Governance and controls framework for Capital and Liquidity Management function while liaising with business and corporate management on risk assessment and controls issues, performing continuous risk assessment, developing and executing a risk-based testing plan, communicating results, and reviewing implementation of management actions.

The role is also responsible for building the risk culture of a well-managed organization in line with guidance from ERM, ORM, Compliance and Various line of defense groups.

Job Responsibilities

• Develop and deploy a comprehensive, risk-based financial and operational Governance and controls framework plan, with a goal of both maximizing company performance and regulatory adherence, while minimizing risk.
• Provide expert knowledge and guidance to stakeholders to ensure that risk framework standards are maintained ; identify potential risk and/or control gaps and to treat through design and implementation of appropriate controls.
• Perform risk assessment followed by assurance activities over Key Controls associated to First Line risks ; Deliver quality, consistent, and timely outcomes.
• Remain abreast of latest regulatory and legislative developments in order to ensure that management acts within the necessary requirements for managing risks.
• Support Risk Managers to ensure that any risk events, breaches, or policy non-compliance are identified, recorded, and reported per Operational Risk Framework
• Support training and competence activities for colleagues within the 1LOD Risk Team.
• Lead design and timely implementation of Best Practices and Operational Excellence initiatives across the department using innovative and creative solutions.

Recommendations

• Validate documentation to verify they are in line with standards
• Develops alternatives and solutions for a board range of problems and exercises judgement based on analysis of multiple inputs.
• Provide recommended changes to controls if underlying processes have changes or new items/risk added to the business and supervisor
• Make decisions that influence the testing program that could impact the business
• Receives general direction and independently coordinates and leads walkthroughs and testing procedures
• Leads smaller or less complex projects and serves as a resource to another team member

Knowledge

COSO / SoX standards and Risk Frameworks

US Fed specific capital and liquidity regulations and Control environment

Skills

• Strong working knowledge of financial, operational, compliance, and systems auditing techniques.
• Strong verbal and written communication, report drafting, and presentation skills, and proficiency with the English language.
• Ability to think outside the box and challenge the status quo.
• Must be able to work in a dynamic and fast-paced environment with flexibility to adjust to time zones

Required Experience

• 10+ years of relevant Experience & technical understanding of risks and controls, with a financial services organization.
• Internal Audit or Risk Management related professional qualification with experience of practical application within financial services.
• Experience and understanding of policies, including Operational, Regulatory and Credit, and supporting processes and procedures.
• Understanding of the regulatory, legal and compliance frameworks impacting the financial services industry.
• Understanding of the control environment and risk appetite of the business.
• Experience of reviewing processes, procedures and controls including evidence of compliance.
• Experience of performing assurance activities including controls testing.
• Embedding first line of defense (1LOD) responsibilities, culture and frameworks, and related risk processes.
• Experience of working in one of the three lines of defense within a financial services organization.

Certifications

CPA or CA preferred

CISA/CRISC certifications would be an advantage

Travel

Minimal travel for training or off-site meetings

Physical Demands

The employee must have the ability to use a computer keyboard, mouse, calculator, copier/fax machine, scanner, and telephone. While performing the duties of this job, the employee is regularly required to talk and hear. Employee must have close visual acuity to perform an activity such as: reviewing and analyzing information; transcribing; and/or viewing a computer screen. Employee may be required to make quick decisions as to when to escalate or directly address a situation, as well as handle the stress of such situations. The work environment is indoors with a majority of time spent sitting at a desk.

Disclaimer

The information contained herein is not intended to be an all-inclusive list of the duties and responsibilities of the job, nor are they intended to be an all-inclusive list of the skills and abilities required to do the job. This job description is intended to indicate the general nature and level of work to be performed. Duties, responsibilities, and activities may change at any time with or without notice. This job description does not constitute a contract of employment and, therefore, the company may exercise its employment-at-will rights at any time.

For more than 35 years, SVB Financial Group (NASDAQ: SIVB) and its subsidiaries have helped innovative companies and their investors move bold ideas forward, fast. SVB Financial Group’s businesses, including Silicon Valley Bank, offer commercial and private banking, asset management, private wealth management, brokerage and investment services and funds management services to companies in the technology, life science and healthcare, private equity and venture capital, and premium wine industries. Headquartered in Santa Clara, California, SVB Financial Group operates in centers of innovation around the world. Learn more at svb.com.

SVB Financial Group is an equal opportunity employer.

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.

© 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).

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.