SVB - Sr. First Line Risk Manager (Enhanced Due Diligence)

Overview

This is a remote role that may be hired in several markets across the United States.

Job Summary:

The SVB Commercial Risk & Controls team partners with the business to help identify, mitigate, and monitor risk through consistent implementation of 1LOD risk management, risk assessments, effective challenge, and monitoring and reporting of the Bank's Risk Profile, including top and emerging risks.

About the Role:

The Commercial Bank Risk Team is a first line team that reports directly to the Commercial Bank President. The Commercial Risk Team aims to achieve a high level of consistency and quality in approach, standards, and methodology for non-financial risk and controls. The Commercial Risk 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 the 1st Line of Defense (1st LOD).

• Facilitate and implement risk management across the 1st LOD, including:
• Accountable and responsible for supporting and facilitating end-to-end identification and assessment of existing and new process/product/system risks and controls.
• Establish the maintenance and change management processes for business profile, risk/control library and issues inventory.
• Responsible for identifying risk trends and/or symptoms of process control breakdowns.
• Drive risk awareness, risk accountability and risk culture throughout all areas of the Business Units
• 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 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. Ensures focus on change management and ability for business to adopt/implement changes in an effective way.
• 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. Identifies critical areas to monitor and escalates issues and findings to appropriate stakeholders.
• Develop business relationships and drive 1st LOD risk management coordination, including:
• Drives inclusion, dialogue and decision making on key risks within 1st LOD and 2nd LOD risk governance forums.
• Communicates overall risk identification and control environment health results to 1st LOD and 2nd LOD.
• Provides coordination and guidance between 2nd LOD, 3rd LOD, and external regulators specific to 1st LOD inquiries, exam, and audits.
• Leads change management communication with 1st LOD stakeholders based on new products and/or risk management requirements.
• Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled.
• Anticipates business needs and proactively identifies opportunities to improve and strengthen the control environment through actionable insights.

• Risk Oversight & Monitoring - Provides objective oversight of risks through effective challenge using defined methodologies and subject matter expertise. Facilitates the development of analyses and reports to support the appropriate identification, assessment, monitoring, and reporting of risk. Supports projects, including key risk management framework initiatives, that improve risk management capabilities. Assists in review and consultation to promote the enhancement of internal controls.
• Business Support - Provides support for business programs, initiatives, and leaders. Serves as a consultant on risk best practices, processes, and regulatory requirements. Facilitates reporting and interdepartmental collaboration.
• Risk Management Proficiency - Maintains a strong knowledge of risk management developments or changes within the organization, industry, and broader external operating environment. Develops active relationships within professional networks to stay current on emerging issues and regulatory requirements.

• 8+ years of related operational, strategic, and reputational risk management experience at a leading financial institution.
• Experience identifying reputational, strategic, compliance, technology and operational risks and assessing the adequacy of controls to manage such risks, including recommending enhanced or additional controls.
• 1st LOD and / or 2nd LOD experience in risk management within a large financial institution
• Comfortable challenging the status quo.
• Excellent project management skills
• High energy and proven track record of accomplishments and results
• Experience developing and/or providing input into presentations for team, Senior Leadership or Committees
• 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
• 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 predict and mitigate risks and issues, as well as anticipating and proactively preparing for changes and impacts to clients and SVB's business.
• 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.