SVB-Enhanced Due Diligence Associate- Controlled Substances and Gaming

SVB-Enhanced Due Diligence Associate
- Controlled Substances and Gaming

Apply for the SVB-Enhanced Due Diligence Associate
- Controlled Substances and Gaming role at Silicon Valley Bank

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of our Phoenix, Denver, Austin, Dallas, or Charlotte office. SVB’s First Line of Defense (FLOD) Enhanced Due Diligence Know Your Customer ("EDD KYC") team is responsible for conducting enhanced due diligence on higher‑risk client segments that may pose higher risk for money laundering, terrorist financing, sanctions, or reputation risk in support of all legal and regulatory requirements as a large financial institution.

As a FLOD Controlled Substance/Hemp and Gambling EDD KYC Analyst, you will be part of SVB’s FLOD EDD KYC Team tasked with leading enhanced due diligence reviews of prospective and existing clients, ensuring compliance with the bank’s risk appetite and applicable regulations, including federal, state, and local hemp and cannabis laws, as well as the Unlawful Internet Gambling Enforcement Act (UIGEA).

You will be the identified expert on BSA/AML compliance for the FCB Commercial Bank by the relationship team and clients. You will engage with clients, peers and risk professionals, all levels of management, and other internal or external constituents to deliver comprehensive views on EDD matters and represent the reasoning of EDD disposition on behalf of the organization.

It will be critical for you to stay current with Controlled Substance/Hemp/Gambling developments, applicable regulatory and government administrative policy changes, seek ways to enhance current processes and controls, and communicate with your peers and partners. This role is required to both execute and educate on these unique ecosystems; additionally, the role will build, develop, and improve processes, as well as coach those around you.

• Perform thorough EDD reviews on new and existing clients engaged in the broader Controlled Substance/Hemp/Gambling ecosystems, ensuring compliance with regulatory requirements and internal policies.
• Conduct in‑depth analysis of client profiles and business activities, including review of client’s certificates of analyses and ownership structures to assess money laundering, terrorist financing, and other financial crime risks.
• Review and verify client documentation including identification documents, business licenses, legal opinion letters, financial statements, and transaction records to ensure accuracy and completeness of KYC information.
• Assist clients and prospects in establishing the proper control environment to ensure compliance with the bank’s requirements.
• Serve as a subject‑matter expert and ensure compliance with regulatory requirements, industry standards and best practices related to EDD, KYC, BSA, sanctions and AML regulations.
• Document and maintain accurate records of due diligence reviews, including findings, decisions, and supporting documentation in accordance with internal policies and regulatory standards.
• Partner with Compliance, Internal Audit, and other departments to respond to examinations and audit requests, manage the execution and implementation of action plans, and ensure all processes and changes implemented fully comply with applicable regulations and legislation.
• Lead and champion efforts on identifying and managing existing and emerging risks identified through reviews, ensuring these risks are effectively assessed, communicated, and controlled.
• Conduct assessments and profiling of clients based on risk factors including business type, transaction volume and geographical location.
• Analyze client transactions and account activity to identify red flags indicative of potential financial crimes or higher‑risk activities.
• Identify and communicate opportunities to automate or streamline quality and compliance efforts.
• Develop and report risk‑tolerance metrics and provide ongoing reporting on the high‑risk sector pipeline to senior management.
• Communicate effectively with internal stakeholders, relationship managers, and business units to address queries…