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). SVB is hiring a Senior First Line Risk Manager as an individual contributor supporting the Enhanced Due Diligence teams.

This key role will serve as a trusted partner and advisor and will be responsible for working within the team to drive consistent implementation of 1st LOD risk management.

The Senior First Line Risk Manager role will be part of a team of risk professionals responsible for supporting and coordinating all disciplines of non-financial risk and controls.

The ideal candidate will support the work to drive awareness, risk perspective, risk accountability and risk culture within the Enhanced Due Diligence team which includes AML, KYC, BOI and COI;

and provide risk management and subject matter expertise / specialist knowledge to support 1st LOD accountable leaders in risk informed decision making.

This position will require subject matter expertise in Commercial Banking products and understanding of relevant regulations including AML, Sanctions, Banking Secrecy Act, US Patriot Act and EDD and KYC processes.

An understanding of these functions’ operations and typical risks inherent within the functions is critical. The right candidate 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 First Line Risk Management team include the following areas, which this role will support : 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.

Responsibilities 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.

Qualifications Bachelor’s Degree with 8+ year(s) of experience related exam management, risk identification, and control identification / evaluation experience at a leading financial institution OR High School Diploma or GED and 12+ year(s) of experience related RCSA, risk identification, and control identification / evaluation experience at a leading financial institution.

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.

This job posting is expected to remain active for (default 45) days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate.

Job postings may come down early due to business need or a high volume of applicants. If hired in NC, the base pay for this position is generally between $106,304.

00 - $184,261.00. If hired in CA the base pay for this position is generally between $127,565.00 - $221,113.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law.

For some roles, total compensation may also include variable incentives, bonuses, benefits, and / or other awards as outlined in the offer of employment.

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined.

More information regarding our benefits offerings can be found here benefitsRisk 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.

Bachelor’s Degree with 8+ year(s) of experience related exam management, risk identification, and control identification / evaluation experience at a leading financial institution OR High School Diploma or GED and 12+ year(s) of experience related RCSA, risk identification, and control identification / evaluation experience at a leading financial institution.

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.

This job posting is expected to remain active for (default 45) days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate.

Job postings may come down early due to business need or a high volume of applicants. If hired in NC, the base pay for this position is generally between $106,304.

00 - $184,261.00. If hired in CA the base pay for this position is generally between $127,565.00 - $221,113.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law.

For some roles, total compensation may also include variable incentives, bonuses, benefits, and / or other awards as outlined in the offer of employment.

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined.

More information regarding our benefits offerings can be found here benefits