Silicon Valley Bank

www.svb.com
There are newer employer reviews for Silicon Valley Bank

6 people found this helpful  

Global Services is a place of fear and loathing

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Global Operations in Tempe, AZ
Current Employee - Global Operations in Tempe, AZ

I have been working at Silicon Valley Bank full-time (more than 3 years)

Pros

its a job, the company has an interesting niche

Cons

Too numerous to list, but here it goes. Our COO is very smart (knows operational banking backwards and forwards but he has an unfortunate mean streak that everyone is now clued into) however he is making devastating hiring calls within global services. Is it his ego driving it? He has appointed a CIO that has ruined IT--its a company wide joke. Im glad I don't work in the IT department and have to listen to her all the time like my IT colleagues. Total wind bag who fired a really good senior leader for not "transforming" our online banking system. I think he had like two months. Funny thing is everyone that ive talked to who was actually doing work on the online team really thought a huge difference had been made. Oh well, welcome to the new SVB---your FIRED!
The COO has appointed a head of global banking operations that almost everyone hates working for. He is a dreamer, talks big and thinks by talking everyone around him will magically make it happen. When things don't go as expected, he blames his team and technology partners. Message to this guy: its not bank of America, you don't have the budget or personnel to bridge the gap of your lack of tactical knowhow. The bottom line is the COO is very good at the details and vision, he doesn't hire well and doesn't understand that he needs inspiring leaders who people respect and want to follow, not leaders who prescribe to "the beatings will continue until morale improves" mantra. Its too late in IT, its to damaged thanks to the depredations of the new CIO. Still time to get the global operations group on track but the window is closing.

Advice to ManagementAdvice

CEO, you have a mess frankly of your own making to clean up. You have given your COO to much power and unfortunately he has messed up huge areas of your bank. Clearly, you don't know much about the technology and operations areas and felt comfortable letting your COO do as he pleases but my god man, its all falling down around you while you schedule town halls. You need to go a little deeper and farther than just talking to your senior leaders who are actually the problem to start with. Do your job and clean up the COO, CIO, and HGO. Your accountable.

Doesn't Recommend
Positive Outlook
Disapproves of CEO

126 Other Employee Reviews for Silicon Valley Bank (View Most Recent)

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  1. 3 people found this helpful  

    Current employee at hq

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Santa Clara, CA
    Current Employee - Anonymous Employee in Santa Clara, CA

    I have been working at Silicon Valley Bank

    Pros

    1 good benefits for
    2. Competitive compensation
    3. On site gym
    4. Working with entrepreneurs
    5. Employee stock

    Cons

    1. Lack of diversity in management. Company unable or unwilling to change managers who do not demonstrate company's core values
    2. White boy club
    3. Manager manage out of fear
    4. Employee morale is low
    5. Current CEO is out of touch
    6. Only the pre selected people ever rise. Promotion and opportunity are dreams for most people
    7. Only revenue generators have a potential for advancement

    Advice to ManagementAdvice

    1. Focus groups do not change the low employee morale
    2. Provide real opportunities to non lenders asides from just lip service
    3. Current CEO needs to stop and be sincere (if possible)
    4. SVB is not a Goldman Sachs and will never be one.
    5. Offer mentors who can help people navigate svb

    Negative Outlook
    Disapproves of CEO
  2.  

    Great company to work for. Visionary Team

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Silicon Valley Bank full-time

    Pros

    Excellent core values. Benefits and Comps. Growth story. excellent opportunities for people with the right mindset.

    Cons

    Fast growing company with lots of work and less people to do it.

    Advice to ManagementAdvice

    Keep up the good work on the re org. Follow through.

    Recommends
    Positive Outlook
    Approves of CEO
There are newer employer reviews for Silicon Valley Bank

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