For more than 30 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers across the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators.
The Sr. Business Implementation Manager for the Cayman Branch will join the Liquidity Management team and be responsible for providing day to day management and support for the Cayman Branch product, including ongoing reporting to regulators, creating and maintaining a risk monitoring framework, maintenance of policy and procedures documentation and development and supervision of an operational control framework.
This individual will possess a strong understanding of Cayman regulations for bank branches, as well as a strong understanding of federal banking rules for US banking products such as deposit, sweep and money market accounts. Experience with understanding BSA/AML regulations is preferred.
This individual will help maintain a control and reporting framework for the Cayman Branch product, providing training, support and guidance for day to day operations and new initiatives.
This position involves critical thinking, planning, organization, tracking, reporting and execution of critical activities. The Liquidity Product Compliance Manager will collaborate with various second line of defense partners (Compliance, Internal Audit, etc) to track and remediate issues identified through testing. The manager should have experience providing direction and oversight and be able to effectively assess control deficiencies and develop effective remediation plans.
Due to the fast paced nature of the regulatory and business environments, the position requires the ability to work independently, quickly adapt to change and to multi-task various assignments. The role may require complex research and analysis for new products, services and collaboration with key partners to implement new regulatory requirements. The individual must be able to effectively balance regulatory requirements, risk mitigation and business objectives when making decisions. The individual will exercise judgment within defined procedures and practices to determine appropriate action.
This role will report to the Head of Liquidity Risk Management for the Liquidity Management team.
Create and maintain monitoring and reporting framework for Cayman product set, including regular reporting to senior leadership regarding key performance and risk indicators
Determine and/or evaluate new, existing or changing regulatory impact on business processes
Key representative for Cayman Branch with all internal stakeholders
Represent Cayman products as SME with auditors and regulators
Track and provide recommendations for remediation of any identified exceptions or deficiencies and collaborate with the business to follow up on timely remediation
Work closely with key second line of defense partners to ensure timely flow of information for the Cayman Branch
Partner with Liquidity Management team in support of the Cayman Branch strategy
Minimum of 5-7 years of related project management, risk, audit or regulatory experience supporting Cayman-regulated business, with institutional client knowledge preferred
The individual will need the ability to work independently, take initiative and have excellent verbal and written communication skills and be able to interact with personnel at all levels of the organization
Strong knowledge of regulatory risks, processes and controls.
Strong knowledge of control frameworks and the ability to design and evaluate effectiveness of controls embedded within business processes
Ability to prioritize in a fast-paced environment
Flexibility in learning new topics, handling change and deadlines
Good time management and attention to detail are critical to this position
Robust analytical, research, organizational and project management skills
Strong individual contributor, with the ability to work effectively in a team
Minimum Education: Bachelors
Internal Number: 6688443
About Silicon Valley Bank
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