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For more than 35 years, Silicon Valley Bank has helped innovators, enterprises and their investors move bold ideas forward, fast. Today, we provide a wide range of banking and financing services to businesses of all sizes in innovation centres around the world. SVB Financial Group, the parent company of Silicon Valley Bank, has had a presence in the UK since 2004. The bank is committed to supporting disruptive technology and life science businesses within the UK?s vibrant innovation sector, including Made.com, IMImobile, The Hut Group and Trustpilot.
SVB Financial Group has over 3000 employees in 15 US states, over $90 billion in assets, and serves entrepreneurs around the world through its offices in the United States and international operations in the UK, Germany, Ireland, Denmark, Israel and China.
SVB has built a culture based on five core values: We start with empathy for others, We speak and act with integrity, We embrace diverse perspectives, We take responsibility, We keep learning and improving. Both internally and with our clients, we value professionalism and emphasise its importance in communication, responsiveness and approach. We believe a truly high-performance environment comes from having a diverse employee base and an inclusive culture that encourages people to feel as though they can do their best work every day.
SVB?s singular focus on technology and life science businesses and the venture capital and private equity firms that serve them, the breadth of the services it provides to its clients, its global growth strategy, and its core values create a unique and satisfying environment for members of the team.
The EMEA Finance team aims to be a strategic partner and advisor in achieving Silicon Valley Bank?s overall mission to increase our clients? probability of success, supporting all of the Management information (?MI?), business analysis, financial reporting, Financial Control, Treasury and Tax activity for the EMEA division of SVB. This will be done by delivering greater insights to support decision making and set strategy to protect our business and deliver smart growth.
Silicon Valley Bank is experiencing ongoing growth including expanding into Europe and reorganizing the UK business into a subsidiary. Given this background, the EMEA treasury team is expanding and we are looking to hire a talented and experienced Asset/Liability Manager.
The role will report to, and work alongside, the EMEA Treasurer and will run a team responsible for funding, capital and liquidity management. stress testing, FX and interest rate risk management. With the creation of UK subsidiary due in 2021, the individual will be heavily involved in developing and maintaining key regulatory deliverables such as ILAAP, ICAAP and Recovery Plan. They will also help guide and ensure key management controls are implemented for the UK and other EMEA entities as required.
The successful candidate will:
Manage various aspects of ALM including balance sheet management, forecasting, interest rate and FX exposures, across the UK and other EMEA entities.
Use analytical skills to recommend strategies to optimize the balance sheet from a capital, liquidity, interest rate and FX perspective.
Play a key role in developing and maintaining the ILAAP and ICAAP and ensuring they are embedded in the organization.
Work with US colleagues developing and analyzing capital and liquidity stress tests on at least a quarterly basis.
Ensure that the UK entity remains complaint with the internal capital and liquidity risk appetite and external regulatory liquidity requirements.
Ensure cost effective funding for UK and EMEA entities by monitoring and recommending various sources including intercompany, cross-currency, deposit and money market funding.
Prepare materials for and attend EMEA Asset/Liability Committee.
Keep abreast of, and evaluate the impact of, regulatory pronouncements as applicable to the UK Branch/SVB as a whole.
Build and maintain strong relationships with US and other global stakeholders and colleagues.
SKILLS AND REQUIREMENTS
Education: Relevant experience and/or business, Economics or Accounting qualification.
Work Experience: Solid experience working in bank ALM or a generalized bank treasury role including ALM-activities. Specific experience with ILAAP and ICAAP processes.
Communications: The individual must have excellent communication and presentation abilities, including strong written and verbal skills and the ability to explain issues and decision as well as strategy both internally and externally. The individual must be an excellent listener, who works to understand the needs of others.
Technical skills: He/she must have good Excel skills, and ideally experience with Reuters/Bloomberg, and treasury system. Knowledge of accounting systems and basic book-keeping useful.