Banking the world's most innovative companies and exclusive wineries, SVB's diverse financial services, knowledge, global network, and world class service increase our clients' probability of success. With $23 billion in assets and more than 1,600 employees, we provide commercial, international and private banking through 34 locations worldwide. Forbes Magazine ranks us among America's Best Banks and Fortune considered SVB one of the best places to work.
Join us and the first thing you'll notice is that we're a bank of believers in big dreams and visionary thinking. That's why clients rely on us for the advice and financing they need today to reshape tomorrow; why Forbes ranks us in the top 5 of American banks, and why some of today's most creative minds invest their futures with us.
Our people are some of the smartest, most driven, dedicated, enterprising and ethical you'll ever meet. Egos are left at the door. Yea-saying is part of our DNA. And enthusiasm is contagious. Best of all, you'll never have to wonder if you've made a difference because every day you'll know that you have.
If you dream of having a real impact on the world around you, here's your chance to make that dream real.
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 you collaborate directly with your 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 pass, parking provider or both. Once the pre-tax limit is reached, post-tax deductions can be taken.
SVB offers discounts for movie theaters, theme parks, personal computing purchases and more.
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 contact your local office.
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
Great benefits, competitive pay. Great people. Expect to have great working relationships for the most part. Growing company, always room to try out another role or have newly created positions arise.
The sales teams are the gems of SVB. All of the great perks seem to be on that side which is to be expected to a degree. However operational positions do not get the recognition or pay they deserve, especially with volumes increasing exponentially as the company tries to scale. SVB tends to jump the gun on new products/vendors that operational teams have to adapt to quickly only to find that the product makes our job harder and decreases efficiency. We have 5 systems that do the same thing for everything at the bank. SVB also tends to choose our client's products at a discount even if it's not the best choice.
Advice to Management
Scaling for signify growth means more FTE. You have GOOD employees on your operations side who are absolutely drowning in work. Management has to fight tooth and nail for more people even when it's obvious that teams need help. Pay your Arizona employees a more competitive rate.
I applied through an employee referral. I interviewed at Silicon Valley Bank.
Interview lasted 4.5 hours, met with 5 different people and a writing sample. Most questions were personality based to see if you would be a good fit for the firm. Everyone I met with was very friendly and personable. More conversation based rather than direct question/answer. Have stimulating and applicable questions to work into the conversation and it will feel less like an interview.