Manager, Financial Crime

Silicon Valley Bank
  • Location
    Remote, California
  • Sector
    Commercial
  • Experience
    Mid Career
  • Posted
    Jun 21

Position description

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

Global Sanctions Compliance is seeking to hire a Financial Crime position. The position will play a critical role in assisting the Global Sanctions Compliance team to perform OFAC/sanctions due diligence reviews of existing clients and prospects, perform credible challenge on due diligence reviews performed by the First Line of Defense, manage one or more analysts, and as well as to manage related processes for case management, metrics reporting, and coordination with stakeholders. The position would additionally support various aspects of project management for the Global Sanctions Compliance program. As SVB has grown, the demands of performing appropriate sanctions due diligence, analysis, and investigation, and building related processes, has grown rapidly, and this position will be critical to allowing SVB continue to meet its compliance obligations.

The Financial Crime Manager reports to SVB’s Sanctions Compliance team and is responsible for managing OFAC/sanctions due diligence, analysis, and investigation, as well as otherwise assisting with related due diligence processes. A successful candidate for this position will have a sanctions investigations or international relations education/background, strong open source research and critical thinking skills, and an aptitude for project management.

This position is at an intermediate professional level and requires an individual who is very organized, can manage multiple work streams/efforts in parallel, has personnel management experience, and who can synthesize research and make recommendations based on the totality of information.

SVB is seeking an individual who has a good awareness of developments in foreign affairs as well as some facility with foreign languages (preferably Russian). This individual should be comfortable managing and taking ownership of end-to-end processes, performing independent research from a wide range of sources and utilizing critical thinking skills. Some familiarity with global finance, the banking industry, sanctions, and regulatory compliance is desirable but not mandatory.

Additional requirements as follows:

  • Be a self-starter and master of time management, consistently sustaining high levels of productivity and quality in a fast-paced high volume environment.
  • Manage end-to-end due diligence process, including the work product of one or more analysts, case management, metrics reporting, and coordination with stakeholders
  • Perform in-depth research, analysis, investigation, using open source and proprietary tools, on companies and individuals to identify sanctions risk.
  • Coordinate closely with BSA/AML and Fraud Investigations on complex cases.
  • Clearly document and support judgments; decisions; and procedures. This necessitates strong writing skills and the ability to maintain files and records in accordance with business unit standards.
  • Demonstrate sound judgment and decision making in the context of regulatory requirements; Bank Policies; and industry best practices.
  • Monitor developments in sanctions compliance regulations and international affairs.
  • Independently draft high-quality, thoroughly-researched business documents, including sanctions risk analysis as well as program, policy, and procedure documents.
  • Apply project management and organization skills to a variety of tasks, demonstrating flexibility and problem solving skills.
  • Coordinate with Relationship Teams and/or Clients to address areas of sanctions risk.

Knowledge of foreign languages, economic sanctions, and complex international business operations is a plus.

Preferred Skills & Requirements

Education: Bachelor’s degree or equivalent work experience

Years of Experience: 5-10 years

 

Application instructions

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