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Senior Sanctions Advisory, FCRC

Silicon Valley Bank
London, United Kingdom
Closing date
May 31, 2023

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Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
When you work with the UK's most innovative companies, you know you're making a difference.

SVB UK (backed by HSBC) is the banking partner to the UK's leading innovators and investors: we support the growth of startups, scaleups, and technology corporates along with the UK's investor, Venture Capital and Private Equity community.

Our clients come to us for our deep industry knowledge, expansive network and unique experience helping innovative companies within the UK grow and succeed. They stay because our diverse, passionate and enterprising teams make a real difference to their business.

Join us and help us bring our clients' game-changing ideas to life.

We believe that diverse perspectives and inclusive environments ignite new ideas and power innovation. This is why we are building a culture of belonging with a workforce that reflects the markets we serve.

SVB's First Line of Defense Financial Crime Risk & Controls (FCRC) team will be responsible for identifying, investigating and monitoring relationships that pose a money laundering, terrorist financing or sanctions risk in support of all legal and regulatory requirements relating to anti-money laundering (AML), counter terrorism financing and sanctions.

You will report in through the Senior Manager, FCRC and the role will partner closely with the business and product areas and the KYC Centre of Excellence team (covering Onboarding & Refresh) in the UK. The role will also have a close working relationship with the Second Line of Defense (SLOD) UK Financial Crime team.

Senior Sanctions Associate, Special Approvals will be responsible for:
  • Assisting with the implementation and embedding of the financial crime framework to support the business and ensuring the firm is compliant and protected from financial crime risks.
  • Reviewing client relationships that meet SVBs high risk business categories and geographies and performing reviews of existing clients and prospects.
  • Serving as an SME for Commercial Bank Relationship Teams to aid in identification of prospects & existing clients that may have increased sanctions or AML risk due to business model or geographic location.
  • Reviewing and responding to sanctions related queries from the First Line of Defense and staying abreast of relevant sanctions law and regulations.
  • Providing expertise in assessing prelaunch or emerging business models to align with internal requirements for enhanced due diligence and approval.
  • Assist clients/prospects to ensure compliance with SVB's sanctions and high risk sector requirements.
  • Working closely with FCRC colleagues responsible for transaction and party screening, Alert Management (incl. Fraud) and Transaction Monitoring.
  • Review and submission of papers to Reputational Risk and Client Selection Forum where required for sanctions related reviews
  • Assisting with internal scheduled and triggered refresh review escalations regarding client matters (including ability to approve or decline exception requests)
  • Escalation of issues in a timely manner for review and resolution in relation to financial crime including knowledge of SAR escalation and supporting SLOD UKFC with OFSI reporting.
  • Building strong relationships through effective influencing and decision-making skills
  • Supporting change in the right way and recommending enhancements to processes and procedures to ensure the firm remains compliant whilst aligning to a risk-based approach. 
  • Maintaining current industry awareness and demonstrating awareness and competence in relation to regulatory obligations
  • Provision of sanctions training (with support from UKFC) in response to any training needs identified from ongoing activities
  • Providing guidance and direction to FLOD colleagues to ensure they remain protected from financial crime risks and embedding an effective financial crime risk culture.

The Expertise You Have:
  • Strong in depth knowledge of US, UK, EU and UN Sanctions regimes to ensure awareness and application of regulatory requirements.
  • Solid experience related to financial crimes including Sanctions, AML, KYC, EDD and Fraud risk management processes
  • Good understanding of the wide range of business sectors and models within which SVB clients operate and ability to design and evaluate effectiveness of controls embedded within business processes
  • Strong understanding of the compliance and regulatory frameworks that apply to financial institutions regulated by the FCA and PRA in the UK.
  • Ability to work independently and as part of a team, take initiative and have strong verbal and written communication skills.
  • Good time management and attention to detail are critical to this position.
  • Good judgement, analytical, research, organizational, and project management skills.
  • Flexibility in learning new topics, handling change and deadlines.
  • A professional certification in Financial Crime Prevention from a recognised body such as ICA or ACAMS would be beneficial.
  • Strong understanding of requisite Microsoft Office applications and ability to learn new internal systems quickly

We know that some people may be put off from applying for a role if they don't meet all elements of a job description. If you're in this camp but think you can make a difference to our business, then why not give us a try?

We pride ourself on our approach to workforce flexibility. Talk to us about where, when and how you want to work which will enable you to bring your 'A' game to work

SVB UK is an equal opportunities employer. If you need adjustments for any part of the recruitment process, please contact us at

SVB UK is a UK standalone independent commercial bank, regulated by the PRA and backed by HSBC Group.

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