Director, Business Risk Officer - Commercial Bank

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 little startup, an exciting venture backed company, a successful private equity company, or a game changing biotech company. Inspired by them, we are redefining Banking.

The Chief Controls Office is led by the Chief Controls Officer, who reports directly to the Chief Operations Officer, and indirectly to the first line accountable Executive Committee members. The Chief Controls Office aims to achieve a high level of consistency and quality in approach, standards, and methodology for non-financial risk and controls. The Chief Controls Office 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 SVB's 1st Line of Defense (1st LOD).

SVB is hiring a Director of Business Risk that will report to the Senior Business Risk Officer. This individual will provide support to one or more lines of business within SVB Commercial Bank. This key role will serve as a trusted partner and advisor and will be responsible for driving consistent implementation of 1st LOD risk management across the Commercial Bank. The ideal candidate will drive awareness, risk perspective, risk accountability and risk culture throughout the company; and provide deep risk management and subject matter expertise / specialist knowledge to advise 1st LOD accountable leaders to drive risk informed decision making.

This position will require deep subject matter expertise in commercial banking and enterprise operations, as well as broad knowledge of related national and international regulations. An understanding of operations and client service-related functions is critical. The right candidates will play an important role in supporting the development and implementation of risk management services in a sustainable framework. Being able to "connect the dots" between related teams and workflows will be paramount to achieving success in this role.

The essential functions and key responsibilities of the Director of Business Risk include the following areas:

• 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, including Risk and Controls Self-Assessments (RCSA)

  • Establish the maintenance and change management processes for business risk 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 the 1st LOD

  • Facilitate and provide advisory support in the identification of risks and establishment 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

  • Assists with translating control deficiencies into action plans and provides recommendations to enhance governance practices in alignment with risk and compliance frameworks.

  • Advises 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:

  • Drive inclusion, dialogue and decision making on key risks within 1st LOD and 2nd LOD risk governance forums

  • Communicate 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

  • Lead 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.

Qualifications:

• 10+ years of related operational, strategic, and business risk management, Audit experience at a leading financial institution. Experience should include a minimum of 5+ years in a senior risk management position providing advisory and challenge of 1st LOD at senior levels of Business leadership

• Experience proactively 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 and the ability to motivate teams and drive performance

• High energy and proven track record of accomplishments and results

• Experience developing presentations and presenting to 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

• Broad experience in understanding how technology risk and automation/digital efforts support enhanced 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

• Polished 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

• Team Leadership - Experienced in assessing team performance and morale, and driving necessary actions to improve both; Able to develop and foster collaborative teamwork and facilitate team dynamics

Education:

• Bachelor's degree or equivalent experience required; Master's degree preferred

Base Pay:

Actual starting base pay will be determined on skills, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, benefits, and/or other perks, as outlined in any formal offer made.

SVB benefit programs are designed to meet our employees where they are in life. SVBers may enroll in core benefits programs, plus take advantage of customized perks and offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found .

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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 UK Limited is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK (Company Number 12546585). Silicon Valley Bank UK Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Firm Reference Number 543146). Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.