Senior Analyst Second Line - Risk & Control

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.

The Sr. Analyst Risk and Control will be responsible for evaluating control procedures and processes addressing operational and compliance risks for the bank. In this process they will adopt the banks control testing standard, procedures, and industry best practices. The person in this role will be responsible for updating the status of control testing, discussing delays and escalating any roadblocks to the manager. Additionally, the person in this role will assist with ad hoc and special projects.
 

The role will primarily involve review and challenge of the first line control testing. This will include reviewing and challenging the Design and Operating effectiveness assessment performed by first line testing and evaluating its adherence to banks Controls Assurance (CA) standards. The review and challenge effort will evaluate if the first line test assessed the controls effectiveness in mitigating the risks it intended to cover.

The person in this role will be responsible for updating the status of control testing, discussing delays, and assisting with project status reporting. They will also oversee and/or assist junior control testing staff and ensure quality of delivery. Additionally, the person in this role will assist with adhoc and special projects.

The Sr. Analyst Risk and Control in this role assumes responsibility as tester for assigned key controls on various operational and compliance risk topics and is required to test controls which are automated, manual, preventive, detective and deliver the following:

• Complete testing of specific number of controls allocated in a month
• Ensure all risks associated with the control are adequately assessed
• Ensure the quality of documentation meets the required standards
• Address any Quality Assurance (QA) comments for the testing performed
• Communicate the results of the control testing to relevant stakeholders and ensure necessary buy in
• Monitor and follow-up of remediation plans and their statuses to ensure effective risk mitigation

This role provides an opportunity to identify risks that could impede the scalability of operations and an important role in working with Bank operations to deliver solutions for challenges faced by the growth of the organization.

Primary Responsibilities:

Develop narratives, flowcharts, and risk control matrix to validate their accurately describe the processes and related controls. 

Coordinate and complete Design Effectiveness (DE) evaluation. Coordinate, participate, and document walkthroughs to capture the end-to-end details from initiation to conclusion of controls.  Interview business stakeholders to obtain the necessary information to complete control process walkthrough. Verify the control is designed appropriately to mitigate the risks. Identify gaps and/ or ineffective controls and communicate them to control owners. 

Coordinate and complete Operating Effectiveness (DE) evaluation. OE Testing involves obtaining the relevant population for the control, validating its completeness and accuracy, selecting sample for testing based on sampling methodology, executing test steps to confirm the control is operating effectively. Collaborate and coordinate with business stakeholders to complete testing within stipulated timeline and quality. Identify issues or ineffective controls and communicate results to the control owners.

Assist with status and result reporting weekly, monthly, and quarterly.

Assist with ad hoc and special projects as necessary. 

Specific Responsibilities

• In adherence with the laid down standards and procedures update and maintain all artifacts including but not limited to narratives, flowcharts, and risk control information from RCSA, population data, etc., to support the testing work.
• Coordinate with the business to set up walkthroughs and obtain testing support as needed
• Clearly document walkthrough, testing procedures performed and issues identified during testing
• Communicate deficiencies noted, review counters and responses from business for validity, conclude final testing outcomes and track remediation efforts as needed
• Track status of testing to the actual plan and report delays to supervisor and assist with management reporting
• At the direction of your supervisor, assist ad hoc and special projects  

Knowledge

• Knowledge of operational and compliance risks in a banking environment and key controls mitigating those risks
• Well versed with control testing process including Design Effectiveness (DE) and Operating Effectiveness (OE) testing
• Knowledge of consumer, commercial and other banking processes and related risks and controls
• Knowledge of corporate functions in a banking set-up such as human resources, marketing and strategy, finance, etc

Skills

• Organized and structured
• Strong communicator with excellent written and oral skills
• Team orientation and collaboration

Required Education and Experience

• Bachelor's Degree preferably in accounting or finance
• Experience in banking and financial services with exposure to control testing
• Working knowledge of Microsoft products required
• Overall experience of 4 - 7 years with 3 years in control testing.

Certifications

• CIA, CAMS, CGSS, CFE, CISA, ISO 27001 (These are good to have but not mandatory)

© 2023 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.

Equal Employment Opportunity

Silicon 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.