Overview As a Vice President I, Fintech Compliance Relationship Manager, you are responsible for:
Reviewing FinTech prospects and client relationships prior to submitting to Financial Crimes Risk Management Compliance (FCRM)/Sanctions Compliance for final approval. Working with the Business Risk Officer and Compliance to remediate any escalations and the Business Risk Officer and FCRM Compliance/Sanctions Compliance to develop a framework for reviewing prospects or clients and analyzing the risks associated with that prospect or client.
Primary Responsibilities Under the direction and supervision of the Fintech Sector Head alongside the Compliance team, as Vice President I, Fintech Compliance Relationship Manager , you will be responsible for executing on the following:
Risk Assessments: Execute a client risk assessment to evaluate the FinTech Client's Compliance Risk from an inherent and residual risk
Controls Identification: Based on the review of the client identify controls that the client may have in place or need to design and implement to reduce the inherent risk.
Emerging Risks: Develop a process to identify emerging risks certain business models within FinTech may pose to SVBFG.
Point of Contact for Fintech: Serve as the point of contact for the FIU and FCRM Compliance/Sanctions Compliance teams to discuss FinTech client risks.
Escalations: Review and address client escalations under the Business Risk Officer guidance.
Reporting: Provide regular reporting on client types, and risks to management.
Communication: This position will work with clients, therefore, it is critical for this person to have strong communication skills to articulate the expectations from an FCRM/Sanctions Compliance perspective, as well as with the Client/Prospect and the Fintech Team.
Qualifications Skills & Requirements
Minimum of 5 years of banking, risk management, or audit experience with a minimum of 3 years of experience related to 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.
Knowledge of the risk and governance standards such as COSO framework, and the OECD and Basel Corporate Governance Principles.
Strong understanding of the Compliance Management Systems and the regulatory frameworks that apply to financial institutions.
Good understanding of regulatory requirements that apply to the financial services sector and banking operations.
Ability to assess processes to identify key controls.
The individual will need the 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
Familiar with corporate governance standards.
Must possess a Bachelor's degree in Business Administration, Accounting, Finance or equivalent. MBA or MS a plus
Strong skills in spreadsheets and in analyzing large volumes of data.
Internal Number: 6730885
About Silicon Valley Bank
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