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.



Lead Analyst Compliance Testing - 2nd LOD

SVB India is a global delivery center for SVB, the financial partner of the innovation economy and parent of Silicon Valley Bank. SVB India develops products and provides services in finance, banking operations, and technology, and employs more than 800 employees and will be rapidly expanding. SVB's businesses - Silicon Valley Bank, SVB Capital, SVB Private and SVB Securities - together offer the services that dynamic and fast-growing clients require as they grow. Learn more at
svb.com/careers

Job location - Bangalore / Hyderabad

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.

For 35 years, SVB Financial Group (NASDAQ SIVB) and its subsidiaries have helped innovative companies and their investors move ambitious ideas forward, fast. SVB Financial Group's businesses, including Silicon Valley Bank, operate at the intersection of innovation and capital, and provide a comprehensive range of financial services including commercial banking, investment solutions, research and insights, funds management and private banking and wealth advisory. SVB helps high growth companies in the technology, life science and healthcare, private equity and venture capital, and premium wine industries navigate at every stage. In addition, the company focuses on encouraging positive relationships with firms within the private equity and venture capital community worldwide, many of which are also the firm's clients and may invest in the firm's corporate clients.

The Lead Analyst Compliance Testing assists their supervisor in assessing compliance controls implemented by the 1st and 2nd LODs. Also responsible for performing independent assessment to evaluate the operating effectiveness of key controls designed to address compliance risk; reporting and escalating control issues and any violations of laws or breaches of policy; and validating the adequacy of remediation taken to address reported issues.

In this role, the Lead Analyst has the opportunity to lead reviews and deliver on the execution of annual compliance testing schedule conducted by the 2nd LOD Compliance Testing team.

This person will play an important role in working with 2nd LOD Compliance Testing to deliver solutions to address the challenges faced by the growing organization.

Essential Functions

Execute control testing for scheduled reviews. Testing includes; obtaining the information and data for testing population, validating the completeness and accuracy of the obtained data, making samples selections based on the Compliance Testing sampling methodology, and performing appropriate testing steps such as gap analysis to validate that the control is operating as designed. At the direction of your supervisor, this may include creating new test steps and updating existing steps to confirm effective and efficient testing procedures. Work with the Compliance Testing team closely to complete testing based on scheduled due dates. Identify issues or control gaps and communicate them to your supervisor. Document testing workpapers, such as testing scrips, sample support and identified issues in that follow established methodology, and are clear and organized way.
Track status to the plan and report delays to supervisor and assist with management reporting
Assist with ad hoc and special project
Specific Responsibilities

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  Execute on operational effectiveness testing of key compliance controls identified in the compliance reviews conducted by the 2nd LOD Compliance Testing team
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  Update and maintain all artifacts including test procedures, workpapers, supporting document utilized to complete the design assessment and operating effectiveness testing
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  Clearly document walkthrough and testing procedures performed, issues identified, and report issues to supervisor
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  Assist your supervisor with communicating deficiencies, reviewing responses for validity, and tracking remediation
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  Provide recommended changes to controls if underlying processes have changed or new items / risks added to the business in an advisory function
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  At the direction of your supervisor, assist with special projects to ensure completion of Compliance Testing efforts

Recommendations

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  Validate testing documentation to verify they are in line with standards
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  Assist with smaller or less complex projects and serves as a resource to other team member

Knowledge

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  Understanding of COSO 2013 standards and various auditing requirements
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  Strong controls testing skills with the capability to work on multiple projects as directed by the supervisor

Skills

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  MS Office Suite
• 
  Data analysis
• 
  Gap analysis
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  Root cause analysis
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  Documentation of end-to-end processes, risks, internal controls, observations, issues and remediation.
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  Project Management
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  Critical thinking
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  Verbal and written communication
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  Organized
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  Collaborative in-country and foreign teams

Competencies

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  Comprehension of compliance risk management frameworks and testing methodology
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  Comprehensive understanding of regulations in scope of testing
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  Fast learner and can apply the skill and knowledge learnt to similar areas
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  Strong project management, documentation, and communication skills

Required Education and Experience

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  Bachelor's Degree in business administration, accounting, finance, data analytics preferred
• 
  Five years or more experience within a financial services organization out of which minimum 2 years of controls testing or audit experience
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  Internal Audit or Risk Management related professional qualification with experience of practical application within financial services.
• 
  Experience in indecently leading and executing compliance testing reviews
• 
  Experience and understanding of policies, including Operational, Regulatory and Credit, and supporting processes and procedures.
• 
  Understanding of the US regulatory, legal and compliance frameworks impacting the financial services industry.
• 
  Understanding of the control environment and risk appetite of the business.
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  Experience of reviewing processes, procedures and controls including evidence of compliance.
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  Experience of performing assurance activities including controls testing.
• 
  Experience of working in one of the three lines of defense within a financial services organization.

Preferred Education and Experience

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  Similar roles within financial services industry experienced preferred
• 
  Experience at Big 4 Accounting firm and internal audit or experience preferred
• 
  Knowledge of US banking laws and audit experience highly desired

2022 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:
SIVB ).

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.

Silicon Valley Bank UK Limited is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK (Company Number 12546585). Silicon Valley Bank UK Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Firm Reference Number 543146). Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.