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Director, ERM - Product Risk Management (Remote)

Company: Silicon Valley Bank
Location: Newark
Posted on: June 23, 2022

Job Description:

BE PART OF A BANK LIKE NO OTHER.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 DescriptionSVBFG is seeking to appoint a Director of Product Risk Management reporting to the Senior Director, ERM Programs. The qualified candidate will understand risk management practices related to risk assessment of existing and new products in line with regulatory expectations. The role leads the oversight, development, implementation, and management of Standards related to product change governance including new products and variations to existing products. This position supports the execution of a holistic enterprise risk management program in the context of the firm operating in a safe and sound manner consistent with the company's risk appetite and regulatory requirements and expectations.The Director Product Risk Management will construct and implement a company-wide product risk management process. The ideal candidate will be an experienced practitioner in the subject matter of new product approval and product risk management. The successful candidate must be able to successfully influence a diverse audience of professionals including their peers, management, and the board along with effectively communicating when required to regulators. Therefore, the candidate must possess outstanding oral and written communication skills, and be able to communicate complex concepts, highlighting the risks and opportunities to SBVFG.The candidate will be able to demonstrate success at building programs, attracting and retaining talented individuals as well as taking an active role in developing and mentoring at all levels. In addition, the candidate will have proven leadership skills, excellent operational knowledge, strong employee development credentials and a dedication to process improvement. Key Accountabilities

  • Lead the ERM Product Risk Management team to ensure effective risk management over new and existing products.
  • Leads the execution of a Product Risk Management strategic vision and establish standards for and ensures on-going processes for improving oversight over product change across the Enterprise.
  • Establish relationships and reporting timeline with 1st and 2nd LOD data sources to ensure timely delivery and attestation of reporting content.
    • Design and achieve consensus/buy-in and create and execute an industry leading, "best in class" Product Risk Management program.
      • Embeds a strong risk culture related to Product change throughout the company to promote transparency and accountability for the risks inherent in new products and activities across the jurisdictions and partnerships of SVBFG.
        • Serves as the primary interface with the company's primary regulators on Product Risk and product change governance.
        • Oversee the development of materials and artifacts to support the ERM Program and related activities. Client Management (internal): Interact with our business partners, facilitating meetings / workshops / training sessions. Superb relationship building and relationship management skills are required.
          • Leads, recruits, directs, motivates, and develops the Product Risk Management team, maximizing their individual contribution, their professional growth, and their ability to function effectively with their colleagues as a team and/or lead. Provides real time and constructive feedback at the most critical times.
          • Responsible for the achievement of functional goals and objectives. Ensures teams are equipped to operationalize and attain global strategic objectives. Ensures appropriate financial and human resource allocation.PROFESSIONAL EXPERIENCE/QUALIFICATIONS
            • BA or BS or equivalent work experience required; MBA and/or other graduate degree preferred with a minimum of 10+ years of relevant risk management experience.
            • Direct experience designing and implementing Risk Management Programs working in a first or second-line risk role within a financial institution, or consulting experience advising financial institutions on the implementation of effective Risk Management programs.
            • 1st and/or 2nd LOD experience in risk management within a large financial institution, preferably within Operational or Enterprise Risk
            • Previous success executing change within global, complex business structures in a matrixed reporting environment. Ability to set both the strategy and deliver against operational objectives.
            • Proven track record as a successful risk leader within a leading, respected and relevant financial institution applying risk disciplines with high standards of delivery in a timely, cost effective way. A highly successful career built on a progressive increase of responsibilities.
            • Superb knowledge of risk management and the applicable compliance regime including designing, developing and implementing risk programs, policies, processes, procedures and regulatory risk assessments. Proven industry expert, with a track record of making decisions, leading consensus building and negotiating.Skills and Requirements
              • Capability to identify, synthesize and present quantitative and qualitative data to tell a compelling story.
              • A dynamic individual with strong leadership qualities and the ability to set a strategic vision for Product Risk Management.
              • Working knowledge of banking regulations within risk management and bank-capital related disciplines.
              • Excellent communication and presentation skills, and the ability to interface with, and influence key internal and external stakeholders and foster collaboration.
              • Strong leadership and management skills with a proven ability to build and lead high performing teams
              • Excellent project management skills and ability to provide clear direction, motivate teams and drive performance.
              • Awareness of applicable regulatory guidance and prior experience implementing within a large financial institution.
              • Outstanding interpersonal skills, applicable at all levels across the business. Adept at building an internal as well as external network. Proven experience of delivering through people by collaborating and leveraging relationships and building capability.
              • A self-starter with energy and burning drive for results. A high degree of self-motivation with a strong track record of execution and delivery.
              • Financially strong, analytical and a business enabler with the ability to think outside the box. It is critical that the candidate can see through to the heart of issues.
              • A structured and flexible approach, independently minded, tough yet balanced decision-maker with sound judgment, calm under pressure, and the ability to prioritize and delegate. 2021 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (Nasdaq: ).Equal Employment OpportunitySilicon Valley Bank is an equal opportunity employer and is dedicated to expanding its commitments and investments to create a more diverse, equitable and inclusive company culture and innovation ecosystem. We are strongly committed to the values and policy of equal employment opportunity across our employment practices.Silicon Valley Bank is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK under No. FC029579. Silicon Valley Bank is authorised and regulated by the California Department of Business Oversight and the United States Federal Reserve Bank; authorised by the Prudential Regulation Authority with number 577295; and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.

Keywords: Silicon Valley Bank, Newark , Director, ERM - Product Risk Management (Remote), Executive , Newark, New Jersey

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