We are proud to be on the Forbes and JUST Capital Just 100 list and be recognized as the Most Just Bank.—30+ days ago
Our CIO, Roger Leone, shares the most important lessons he's learned while at the helm of SVB's IT team.—30+ days ago
Banking the world's most innovative companies and exclusive wineries, SVB's diverse financial services, knowledge, global network, and world class service help our clients move their bold ideas forward, fast. With $43 billion in assets and more than 2,200 employees, we provide commercial, international and private banking through locations in innovation centers around the world.
When you work with the world's most innovative companies, you know you're making a difference every single day.
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 30+ years of experience in the industries we serve, and to partner with passionate, enterprising SVBers, dedicated to helping them grow and succeed at every stage of their business.
Join the team that’s driving innovation in banking today. SVB offers career opportunities in major technology hubs in North America, Europe and Asia. We also offer exciting opportunities for IT experts to help us develop our own platforms to serve our clients.
Just as our clients count on us, SVB's benefits are designed to support our employees' dreams, enhance their well-being, and achieve their goals. SVB offers employees a robust benefits package. It's among the best in business today.
At SVB, we offer plenty of paid time off and perks to help employees balance work responsibilities and their personal lives.
Non-exempt employees accrue vacation up to 22 days per year and exempt employees participate in SVB’s “Time Away from Work” practice, in which they collaborate directly with their manager to plan time away from work to refresh and renew.
There are 10 scheduled paid holidays.
Employees accrue up to a maximum of 10 sick days per year
Employees and their family members can contact the EAP for confidential counseling, advice and referrals on personal as well as work-related issues.
This program allows employees to save on eligible commuting costs through automatic, pre-tax payroll deductions for transit passes, parking and vanpooling. Once the pre-tax limit is reached, post-tax deductions can be taken.
We offer comprehensive health care coverage and other resources to promote the health of our employees and their families.
Options include a Preferred Provider Organization (PPO) and Point-of-Service (POS) plans through United HealthCare. Regional HMOs are also available in California (Kaiser) and Massachusetts (Tufts).
We offer coverage under the Delta Dental plan.
We offer the Vision Service Plan (VSP) and, for employees in Boston, we also offer Advantica Eyecare.
Employees can save on taxes by contributing part of pre-tax pay to this account, then getting reimbursed for eligible out-of-pocket health care expenses.
Through this pre-tax plan, employees can save on taxes for out-of-pocket dependent care expenses like after school care, adult day care for an aging parent who lives with you, as well as babysitters and nannies.
We offer a number of insurance plans to protect employees and their families in the event of an unexpected life change, such as a disability or a death in the family.
This plan offers a basic level of income replacement after seven days of missed work due to illness or injury.
This plan pays in addition to the basic short-term disability coverage. Employees pay the full cost for this coverage.
If an employee's injury or illness continues for more than 90 days, a percentage of pay in benefits is received. SVB pays the full cost for this coverage.
To protect an employee's family in the event of death, SVB provides basic term life insurance coverage of two times base pay. Supplemental coverage for employees can also be purchased.
Employees may choose to purchase dependent life insurance for their spouse and children.
SVB offers several comprehensive programs that support our employees in meeting their financial and retirement goals.
Employees can invest up to 75% of pre-tax pay in any one of the many investment options offered through Fidelity. SVB matches the first 5% contributed dollar-for-dollar and the contributions are immediately 100% vested. SVB also offers an additional catch-up contribution to employees age 50 and over.
Employees may receive an additional retirement plan contribution of up to 10% of pay, based on the company's performance. This contribution is paid annually and vests over a five-year period.
Employees can purchase shares of SVB Financial Group stock at a 15% discount through after-tax payroll deductions.
SVB's Learning & Development group offers a full curriculum of courses to aid in your personal and professional development.
Employees who have been with SVBfor at least six months are eligible to receive financial assistance towardsthe pursuit of a job-related degree. SVB reimburses for tuition and books, upto an annual limit.
To be eligible for Benefits, you must be a regular employee working at least 20 hours per week. Additional eligibility requirements may apply. This is an overview of SVB Financial Group's benefits. It is not a legally binding document. Complete plan details can be found in the legal plan documents, which govern all cases. SVB Financial Group reserves the right to terminate or amend the program at any time. This information does not constitute a guarantee or contract of employment.
For a description of benefits outside the US, please visit https://www.svb.com/careers/work-life/.
At SVB Financial Group, satisfying the complex needs of our clients is what our business is all about. We work hard to be the premier provider of innovative financial services to entrepreneurial companies of all sizes worldwide.
But that's only part of our story. Behind every client of SVB Financial Group is a system dedicated to earning their trust. Whether it's called "corporate citizenship" or "social responsibility," SVB Financial Group takes seriously its commitment to conducting business in an ethical and responsible manner. We live up to that commitment in the way we work, in our accountability to shareholders and our engagement with our employees, customers, the communities we are chartered to serve and the environment in which we operate.
The Way We Work and Our Accountability to Shareholders
Effective corporate governance is essential for maintaining the public trust and achieving long-term sustainable value for all of our stakeholders. SVB Financial Group is committed to sound oversight consistent with the best interests of our stakeholders, ethical business principles and adherence to the letter and spirit of the law. SVB Financial Group is also diligent about ensuring its compliance with requirements of all applicable banking laws and Generally Accepted Accounting Principles, and reporting our financial results objectively and accurately. For more information please see our Corporate Governance statement and details about the Board of Directors.
Engagement with Our Employees
Engaged, able and qualified employees who feel fulfilled and energized, and who embrace our business strategy and culture, help make our business successful. SVB Financial Group is deeply committed to investing in employees and developing current and future leaders. This is achieved through a welcoming and collaborative environment, a safe and healthy workplace, organizational transparency, and attractive compensation. Our goal is to consistently be recognized as a great place to work. For more information about compensation, employee activities and career opportunities, please see our Careers site.
The Communities We Are Chartered to Serve
In return for federal deposit insurance, financial institutions are required to make every effort to provide financial services to low- and moderate-income individuals and the low- and moderate-income communities the institution is chartered to serve as mandated through the Community Reinvestment Act ("CRA"). SVB Financial Group looks beyond the mandates of this regulatory requirement and stands on the belief that communities are the building blocks of our nation and that the economic health of our communities affects not only our local economy, but the international economy as well.
Silicon Valley Bank's Community Development Finance Practice is dedicated to providing Bay Area housing developers with financing for both single and multifamily affordable housing projects. We have developed strategic partnerships with the California Housing Finance Agency and the California Community Reinvestment Corporation.
SVB Financial Group's goal is to dedicate resources to positively impact communities throughout its footprint in a manner that is sustainable and inclusive, and to consistently achieve a "Satisfactory" rating by the Federal Reserve on our CRA examinations. For more information, please read about SVB Financial Group's CRA program.
A sustainable commitment to the communities we serve requires employee collaboration with various financial organizations, corporate leaders, foundations, non-profits, government entities (domestic and international) and others. SVB Financial Group employees at all levels participate in a variety of activities that make communities a better place to live and work. Visit our SVB in the Community page.
In order to support employee participation in community activities, the SVB Foundation makes grants on a quarterly basis to community organizations where SVB Financial Group employees volunteer or serve in leadership positions, and the organizations share our goal of serving and improving the community.
The Environment In Which We Operate
As with most financial service organizations, SVB Financial Group's main impact on the environment is indirect, through our lending and investments. The environmental risks facing businesses today add a new dimension to risk management. SVB Financial Group's role of allocating capital to cutting-edge businesses brings with it responsibilities of recognizing those risks and considering the sometimes conflicting interests of our clients and other stakeholders in society. SVB Financial Group is committed to being a well-informed and valued business partner for our clients, resulting in both increased business opportunities and decreased environmental risks.
I have been working at Silicon Valley Bank full-time (More than 3 years)
There are a lot of changes happening within IT and some people are having a difficult time embracing which is why there are negative reviews here. The changes are much needed and are turning SVB into a digital and technology banking leader. For some people, managing expenses and prioritizing work so that key initiatives are the focus, is difficult and they will not thrive. For others, this new environment operates like every large technology organization and with the new capabilities being built for SVB clients, environment is awesome!!!!
Change is not happening fast enough in some areas and as a result, is hindering growth.
Advice to Management
Stay the course. Reward people that can see the vision and help others see it too. Think outside the box and continue to provide employees with opportunities to make a difference.
I applied in-person. The process took 2 weeks. I interviewed at Silicon Valley Bank.
I got an offer letter but then was told a couple of days later they denied me due to my credit check. They never disclosed that they would be doing a credit check and that it was going to be the main factor of the background. Now I guess they denied many people due to I am getting multiple calls and emails for the same job I was offered then denied! Go work for Visa instead!