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.
Sr. Analyst TPRM
Silicon Valley Bank is at the intersection of innovation and capital as the bank of the world's most innovative companies and their investors. SVB’s vision is to become the digital-age commercial bank within three years, and Global Services is integral in making this happen, leveraging its strengths and capitalizing on key opportunities. In achieving a compelling future state, Global Services’ transformational strategy is comprised of three major pillars, underpinned by a series of recommendations and initiatives and a detailed three-year roadmap. These pillars enabling change are closely aligning with the business, operating like a software company, and running at maximum effectiveness.
SVB is seeking a strategic, process driven and analytical individual to support Third Party Risk Management (TPRM) under our Vendor Transformation Office (VTO).
The Third - Party Risk Analyst (TPRA) role is responsible for executing risk assessments to ensure that the bank adequately identifies risk associated with vendors, conducts the appropriate due diligence, and puts in place mitigating controls. The TPRA acts as a challenge to business functions onboarding vendors and coordinates with other first line risk subject matter experts so that risks are understood and managed.
Vendor Risk Assessments
• Review and challenge vendor purchase requisitions (PRs) to determine vendors that required enhanced vendor risk assessment and due diligence
• Execute inherent risk questionnaires
• Collect vendor documentation and coordinate with other first line control functions
• Perform due diligence on vendor documentation to identify risks, gaps, or issues
• Work with business unit to communicate risk and develop mitigating controls or action plans
• Make decisions on risk items such as severity/impact, likelihood, and criticality
• Escalate and report on material risk elements to business risk officers and leadership, as needed
• Reviews work product and provides guidance to junior members on the Third-Party Risk and Oversight Team
• Work in collaboration with cross-functional teams to address information security policy/risk or compliance issues
Vendor Performance
• Collect vendor performance details from business units and analyze them for potential impacts to risk or operations
• Responsible for translating the results of the analysis into business consumable format and delivering
Ongoing Monitoring
• Responsible for identifying and tracking continuous monitoring activities to ensure the risks associated with vendors has not changed or exceeded risk tolerance thresholds
• Perform continuous monitoring on vendor population for external events or impacts
• Manage task and remediation action plans for open risks to completion
• Escalate past due items to senior leadership
• Help develop and maintain a Client Relationship Management playbook
• Update TPRM procedures to align with client TPRM guidelines
Audit & Compliance
• Supports document requests related to audit, compliance, and regulatory exams
• Perform third party compliance risk tracking, trending, analysis and executive reporting
• Recommendations or opportunities to accelerate strategic efficiencies and proposed recommendations
• Use of innovative technologies/tools
• Deviation from existing process
Knowledge
• Familiar with third party risk regulations such as FRB 13-1+, OCC 13-2+, FCPA, etc.
• Strong understanding of risk management principles
• Knowledge of banking products and services
• Past experience dealing with audit and compliance functions
• Understanding of vendor inherent risk questionnaires, review of due diligence documentation, and development of mitigating controls
Skills
• Ability to develop rapport
• Strong communication skills and ability to deliver difficult messages
• Critical thinking and ability to use judgment
• Resilient and capability to adapt and adjust to changing requirements in a fast-paced environment
• Strong work ethic dedicated to getting the job done
• Ability to execute with little supervision or guidance
Competencies
• Able to understand and work with globally dispersed teams and deliver measurable performance metrics
• Demonstrated balance of both strategic and operational capacities
• Partners extremely well with internal colleagues and external partners
• Able to work on multiple assignments
Education and Experience
• Bachelor’s degree in related discipline or equivalent combination of education and/or training.
• 3 - 5 years of experience in a similar role in Third Party Risk Management, Operational Risk, Enterprise Risk, or Internal Audit
• Banking experience preferred
• Big 4, consulting, or audit experience preferred
Certifications
• CTPRP preferred
• ISO 27000
© 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:
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 is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK under No. FC02+57+. 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 5772+5; 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
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.
Sr. Analyst TPRM
Silicon Valley Bank is at the intersection of innovation and capital as the bank of the world's most innovative companies and their investors. SVB’s vision is to become the digital-age commercial bank within three years, and Global Services is integral in making this happen, leveraging its strengths and capitalizing on key opportunities. In achieving a compelling future state, Global Services’ transformational strategy is comprised of three major pillars, underpinned by a series of recommendations and initiatives and a detailed three-year roadmap. These pillars enabling change are closely aligning with the business, operating like a software company, and running at maximum effectiveness.
SVB is seeking a strategic, process driven and analytical individual to support Third Party Risk Management (TPRM) under our Vendor Transformation Office (VTO).
The Third - Party Risk Analyst (TPRA) role is responsible for executing risk assessments to ensure that the bank adequately identifies risk associated with vendors, conducts the appropriate due diligence, and puts in place mitigating controls. The TPRA acts as a challenge to business functions onboarding vendors and coordinates with other first line risk subject matter experts so that risks are understood and managed.
Vendor Risk Assessments
• Review and challenge vendor purchase requisitions (PRs) to determine vendors that required enhanced vendor risk assessment and due diligence
• Execute inherent risk questionnaires
• Collect vendor documentation and coordinate with other first line control functions
• Perform due diligence on vendor documentation to identify risks, gaps, or issues
• Work with business unit to communicate risk and develop mitigating controls or action plans
• Make decisions on risk items such as severity/impact, likelihood, and criticality
• Escalate and report on material risk elements to business risk officers and leadership, as needed
• Reviews work product and provides guidance to junior members on the Third-Party Risk and Oversight Team
• Work in collaboration with cross-functional teams to address information security policy/risk or compliance issues
Vendor Performance
• Collect vendor performance details from business units and analyze them for potential impacts to risk or operations
• Responsible for translating the results of the analysis into business consumable format and delivering
Ongoing Monitoring
• Responsible for identifying and tracking continuous monitoring activities to ensure the risks associated with vendors has not changed or exceeded risk tolerance thresholds
• Perform continuous monitoring on vendor population for external events or impacts
• Manage task and remediation action plans for open risks to completion
• Escalate past due items to senior leadership
• Help develop and maintain a Client Relationship Management playbook
• Update TPRM procedures to align with client TPRM guidelines
Audit & Compliance
• Supports document requests related to audit, compliance, and regulatory exams
• Perform third party compliance risk tracking, trending, analysis and executive reporting
• Recommendations or opportunities to accelerate strategic efficiencies and proposed recommendations
• Use of innovative technologies/tools
• Deviation from existing process
Knowledge
• Familiar with third party risk regulations such as FRB 13-1+, OCC 13-2+, FCPA, etc.
• Strong understanding of risk management principles
• Knowledge of banking products and services
• Past experience dealing with audit and compliance functions
• Understanding of vendor inherent risk questionnaires, review of due diligence documentation, and development of mitigating controls
Skills
• Ability to develop rapport
• Strong communication skills and ability to deliver difficult messages
• Critical thinking and ability to use judgment
• Resilient and capability to adapt and adjust to changing requirements in a fast-paced environment
• Strong work ethic dedicated to getting the job done
• Ability to execute with little supervision or guidance
Competencies
• Able to understand and work with globally dispersed teams and deliver measurable performance metrics
• Demonstrated balance of both strategic and operational capacities
• Partners extremely well with internal colleagues and external partners
• Able to work on multiple assignments
Education and Experience
• Bachelor’s degree in related discipline or equivalent combination of education and/or training.
• 3 - 5 years of experience in a similar role in Third Party Risk Management, Operational Risk, Enterprise Risk, or Internal Audit
• Banking experience preferred
• Big 4, consulting, or audit experience preferred
Certifications
• CTPRP preferred
• ISO 27000
© 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:
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 is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK under No. FC02+57+. 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 5772+5; 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
💡 Quick Summary
Seeking a career-building opportunity? The Sr| Analyst Tprm position is now open for candidates interested in the Bank Jobs sector. This role in Bangalore offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
