Summer Internship: Credit, Financial, and Business Risk Team (SOX Focused)

Company: Silicon Valley Bank
Location: Santa Monica
Posted on: March 8, 2023

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.Job Description:Location: Santa Monica, CAHybrid Work Schedule: Approximately 1-2 days per week in office This role would report through the Credit, Financial and Business Risk Team within the Second Line of Defense. This team is also often referred to as Credit Business Risk Officers, ultimately reporting to the Head of Credit Business Risk and Controls.This team's responsibilities center around working with Credit stakeholder to ensure various credit risks are appropriately managed within our business processes. In executing this work, we engage with stakeholders from across the institution, as well as multiple outside parties. This role may perform deep dives into certain processes involved in running a Bank's Credit function and get an appreciation for the complexities in ensuring proper risk management and compliance within a large financial institution. The role plays a special focus to ensuring proper risk management of Sarbanes Oxley (SOX) compliance over financial reporting.Primary Responsibilities:

• Assists with various components of the SOX program for the Credit Administration organization, including narrative / flow chart updates, controls design and implementation, walkthroughs, process improvements, remediation efforts, and deficiency assessment
• Support team members and control owners when designing controls that are efficient and will address SOX requirements for management review controls and information provided by entities (e.g. spreadsheets, reports, queries and code logic)
• Draft meeting notes and takeaways, schedule meetings to drive initiatives forward, follows up with business owners and manage questions/concerns, where needed
• Monitors and updates dashboards, internal documents and the status of open items and manages them through closure
• Assist with conducting interviews with business / IT units and project implementation teams to understand their processes and internal controls during Company initiatives and special projects
• Partners with business / IT owners in the assessment of control issues and help them articulate the root cause, analyze the actual and potential impact, develop correction plans, and conclude on final assessmentSkills & Requirements
  • Candidates must be undergraduate students currently enrolled in a four-year college/university or graduate school.
  • Candidate should have a minimum GPA of 3.5
  • Seeking the following Majors: Accounting/Finance/Data Science/Business Management
  • Leadership skills, self-starter, disciplined worker, with the ability to independently drive tasks to completion
  • Ability to meet tight timelines and manage multiple competing priorities while delivering sound results
  • Exercises creativity, critical thinking, analytical thinking, and collaboration to solve control problems
  • Strong communication skills, both verbal and written
  • Enjoys collaboration and building relationships across various functionsBase Pay:$18.00 - $31.00Actual starting base pay will be determined on skills, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, benefits, and/or other perks, as outlined in any formal offer made.SVB benefit programs are designed to meet our employees where they are in life. SVBers may enroll in core benefits programs, plus take advantage of customized perks and offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here. 2023 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: ).Equal Employment OpportunitySilicon 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 UK Limited is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK (Company Number 12546585). Silicon Valley Bank UK Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Firm Reference Number 543146). Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.

Keywords: Silicon Valley Bank, Santa Monica , Summer Internship: Credit, Financial, and Business Risk Team (SOX Focused), Accounting, Auditing , Santa Monica, California