VP Credit Reserve at Silicon Valley Bank in Santa Clara, California

Job Description:

SVB Financial Group is a diversified financial services company as well as a bank holding company. Through its various subsidiaries and divisions, SVB offers a diverse set of banking and financial products and services to clients across the United States, as well as in key international innovation markets. For over 30 years, the Company has been dedicated to helping support entrepreneurs and clients of all sizes and stages throughout their life cycles, primarily in the technology, life science/healthcare, private equity/venture capital and premium wine industries.

SVB offers commercial and private banking products and services through its principal subsidiary, Silicon Valley Bank, which is a California state-chartered bank founded in 1983 and a member of the Federal Reserve System. The Bank and its subsidiaries also offer asset management, private wealth management, brokerage and other investment services. In addition, through SVB Financial Group's other subsidiaries and divisions, the Company offers non-banking products and services, such as funds management and business valuation services.

SVB focuses on cultivating strong relationships with firms within the private equity and venture capital community worldwide, many of which are also clients and may invest in SVB's corporate clients.

We are seeking an International Financial Reporting Standards 9 (IFRS 9) Reserve Reporting lead who will coordinate the cross functional process to prepare, present and obtain approval for Bank's UK subsidiary's IFRS9 reserve. You will also play a key role in the currently ongoing IFRS9 program implementation including design of the quarterly end-to-end IFRS9 reporting process, creation of comprehensive documentation and management of dry runs before the official reporting starts from April 2022. In addition, you will coordinate the cross functional process to prepare, present and obtain approval for Bank's UK subsidiary's IFRS9 reserve.

The role's responsibilities include but not limited to:

IFRS9 process implementation

• Assist in the design, development and implementation of the IFRS9 reserve reporting process by working across cross functional departments - Finance, IT, Data, Modeling, SOX and credit administration.
• Understand the core technology platform and modeling foundation supporting the end-to-end IFRS9 process

• Oversee and assess the success of dry runs to ensure a solid process is implemented before official reporting

Quarterly IFRS9 reserve process execution including parallel runs, IFRS9 committee package preparation

• Manage delivery of IFRS9 reserve process in adherence with the target state operating model and ensure governance procedures are followed. This includes adherence to timeline, liaising among multiple cross functional departments, scheduling meetings with constituents and escalating issues appropriately.
• Prepare material for IFRS9 committee presentation

• Proficiency with Microsoft Excel, Word, and Power Point.
• Working knowledge or interest in modelling/statistics
• Working knowledge of regulations relating to loan loss reserve, accounting, controls environment, data management
• Prior experience with stress testing, CCAR, Capital and Liquidity could aid
• Prior experience with credit reserve models is a plus
• Excellent oral and written communication skills; comfortable presenting results and key themes to wide non-technical audience
• High degree of attention to detail
• Strong reasoning and analytical skills; comfortable performing ad-hoc analysis and assessment
• Problem Solving
• Ability and flexibility to work across teams and geography
• Bachelor's degree or equivalent education preferably in a quantitative field such as statistics, mathematics, finance and economics.
• Minimum 5 years' experiences of a combination of project management, credit/finance and/or modeling experience.

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