Financial Associate Financial Associate …

Svb Financial Group
in San Francisco, CA, United States
Permanent, Full time
Be the first to apply
Svb Financial Group
in San Francisco, CA, United States
Permanent, Full time
Be the first to apply
Financial Associate
Financial Crimes KYC Associate

For more than 30 years, SiliconValley Bank (SVB) has helped innovative companies and their investors move boldideas forward, fast. SVB provides targeted financial services and expertise throughits offices in innovation centers around the world. With commercial,international and private banking services, SVB helps address the unique needsof innovators.

Join us at SVB andbe part of bringing our clients world-changing ideas to life.

This client-facing role will be accountable forall client outreach for Know Your Customer KYC information to satisfyregulatory requirements, serving clients across Technology, Life Science, Wine& Global Fund Banking.  This is aFirst Line of Defense FLOD function, partnering closed with Second Line ofDefense SLOD.

Under the supervision of the KYC Manager, this individualwill be responsible for the following essential functions:

Keep client KYC information current
  • Partners with KYC & RelationshipManagement teams to identify what information is available in the Bank prior tomaking client outreach

  • When information not already shared by clientwith SVB, contacts client when Bank requires client to provide updated KYCinformation

  • Communicates to clients KYC requirements;tracks receipt of required data and/or documents; reviews received data /documents to ensure information shared meets regulatory requirements

  • Works with client to address inquiriesrelative to information / documentation needed

  • Ensures information is gathered and submittedto KYC Analyst team within expected timeframes

SupportKYC remediation efforts

  • Whenregulatory and/or Bank KYC requirements change, works to size impact to client

  • Partnerswith KYC & Relationship Management teams to identify what information isavailable in the Bank prior to making client outreach

  • Wheninformation not already shared by client with SVB, contacts client to gatherrequired information to satisfy new requirement

  • Tracksreceipt of required data and/or documents; reviews received data / documents toensure information shared meets regulatory requirements

  • Workswith client to address inquiries relative to information / documentation needed

  • Ensuresinformation is gathered and submitted to KYC Analyst team within expectedtimeframes

Buildcritical partnerships

  • As this role sits inFLOD, it will be critical that this individual build solid relationships acrossFLOD and SLOD to include partnerships with:

    • FLODRelationship Management teams, ensuring close alignment with RMs & RAs whenengaging with clients

    • SLODKYC Teams, ensuring consistent follow-up and communication on KYC tasks

SupportKYC tasks necessary to onboard new clients

  • Inpartnership with Relationship Manager and Relationship Advisors, gathers KYCinformation required to onboard new clients and new entities

  • Communicatesto clients KYC requirements; tracks receipt of required data and/or documents;reviews received data / documents to ensure information shared meets regulatoryrequirements

  • Servesas escalation point for internal teams and clients to resolve outstanding KYCquestions & inquiries

  • Passesclient KYC information to KYC Analyst teams to so that client information ismemorialized in client KYC record

  • Workswith client to gain access to additional client data (where necessary) toconfirm client identity

  • Minimum of 2 3 years of banking, risk management,compliance or client service experience

  • Preferred Bachelors degree inBusiness Administration, Accounting, Finance or equivalent

Primary Location: United States-California-San Francisco
Work Locations:
Job: Banking Commercial
Organization: SVB Financial Group.
Schedule: Full-time
Job Posting: Aug 6, 2020, 9:37:58 PM
More Jobs Like This
See more jobs