SVB Financial Group provides diversified financial services to emerging, growth and established technology businesses and the life science and venture capital/private equity. Through its focus on these specialised markets and its extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients' success. It is recognised as the leading financial institution in the global technology and VC/PE industry. SVB provides unique and flexible financial solutions to the most innovative and entrepreneurial businesses worldwide.
SVB has approximately 2500+ employees, $44 billion in assets, and 32 offices serving entrepreneurs around the world – 28 in the United States, and 4 outside the United States (in London, UK; Herzliya, Israel; and Shanghai and Beijing, China)
SVB has built a culture based on five core values: being enterprising, ethical, driven, dedicated and united. Both internally and with our clients, we value professionalism and emphasise its importance in communication, responsiveness and approach.
SVB's singular focus on technology businesses and the venture capital firms that serve them, the breadth of the services it provides to its clients, its growth strategy, both domestically and internationally, and its core values create a unique and satisfying environment for members of the team.
The Manager, UK Financial Crime Governance and Assurance will be responsible for managing, monitoring and assessing complex AML and financial crime issues to ensure the firm is protected from risk. They will be required to prioritise and work independently whilst working as a member of a small team to ensure the firm remains protected against financial crime threats.
The role holder will report to the UK MLRO and will be responsible for reviewing and assessing the procedures and policies of the UK Branch in relation to combating financial crime threats. They will also review legislation and assess changes to ensure the firm remains compliant and work with the UK MLRO with impact analysis and risk assessments in relation to financial crime.
The role holder will be required to work closely with the other teams within UK FC, their US counterparts and the first line business teams to ensure our financial crime control requirements are satisfied to ensure UK Branch manages all financial crime activity within risk appetite and regulatory compliance.
A key responsibility will be providing guidance and direction to the business to ensure the business remains protected. Success within the role will ensure that both Silicon Valley Bank's UK Branch comply with all applicable regulations and guidelines in relation to financial crime.
The successful candidate will need to be able to work on highly confidential and sensitive matters, exercising good judgment in the execution of their role and putting the needs of the business first. The role holder will also be expected to "cast the right shadow" within the wider business, including acting as a liaison point into the various financial crime points within SVB in the US.
Responsibilities will include:
Legislative review and assessment in relation to financial crime and impact to the SVB EMEA branches
Coordinating and supporting independent reviews (e.g. internal audit) in relation to financial crime
Support the UK MLRO with the revision of UK CDD Standards as required
Maintenance and regular review of the UK FC Risk Assessments across all financial crime disciplines
Building, developing and maintaining strong external tactical relationships with industry and law enforcement
Developing training, awareness and education materials in relation to financial crime to support staff understand how they can meet the needs of clients, manage their responsibilities and protect the firm
Be a subject matter expert to coach those within the UK FC team and support the business with advice and guidance
Review and enhance financial crime policies, procedures and processes
Maintaining current industry awareness and assessment of impact to the firm of legislative change
SKILLS AND REQUIREMENTS
A degree or equivalent work experience is required
Strong knowledge of financial crime, notably AML, Sanctions and Counter Terrorism Frameworks
Strong judgement and critical thinking skills
Ability to synthesize complex information effectively
Excellent verbal, written and interpersonal skills
The ability to work independently and challenge effectively
Strong prioritisation and workflow management skills
The individual should have an entrepreneurial, collaborative approach and a flexible style that allows for the input of others. The individual must share the following core values of SVB:
An emphasis on achieving the organisation's goals, versus individual achievement;
An "enterprising" approach with creative problem solving; and
A focused and results driven mindset.
The candidate must possess a high level of energy and initiative and be capable of functioning as a collaborative partner and value-added business contributor. In style, the individual should be consultative versus directive and able to weigh options and alternatives effectively, yet equally capable of being decisive and willing to take risks where appropriate.