SVB Overview

For more than 35 years, Silicon Valley Bank has helped innovators and their investors move bold ideas forward fast. Today, we provide a range of banking services to both individuals and companies of all sizes in innovation centers around the world. At SVB, we have the opportunity to grow and collectively make an impact by supporting the innovative clients and communities we serve. 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. 

Private Bank Associate Development Program

With locations in Newton, MA, Palo Alto, CA and Menlo Park, CA, the Private Bank Associate Development Program is a subset of SVB’s larger Associate Development Program. This focused program hires entry-level associates to develop skills and techniques for underwriting and assessing the risk profile of high net worth individuals. The program involves rotational experience within multiple Private Bank teams with some exposure to the commercial lending teams to provide a rounded experience for the Associate. At the end of the development program, the Associate joins a team within SVB Private Bank instantly leveraging skills and tools learned in this program. 

Training 

The foundation of the Private Bank Associate Development Program is our hands-on training curriculum. It’s a building-block approach to develop the skills you’ll need to support our dynamic and rapidly growing clients. The training consists of a combination of classroom-style instruction intermixed with case-study based exercises and live work with our various in-house facilitators. The first 4 – 5 months you’ll learn foundational skills that focus on understanding the unique business models of our clients. With these skills in place, you’ll develop and deliver solutions uniquely tailored to both rapidly growing startups and public companies in the innovation economy. 

Rotations 

Following training, you will be imbedded with SVB Private Bank units to receive hands-on training in areas such as credit risk assessment, loan portfolio management and client engagement.  You’ll collaborate with both internal and client-facing teams to complete work, develop skills to take on additional responsibilities and hone interests in sectors you can join once the program has been completed.  

Life in the Development Program

While in the Private Bank Associate Development Program you’ll assist in managing all aspects of teams’ client portfolios. Responsibilities will include assessing and monitoring credit risk, underwriting a wide variety of credit facilities, and gaining an understanding of various bank’s sectors, products and services. You will be guided by a management team that has sat in your chair and has decades of collective experience. Significant 1:1 mentorship every step of the way will help you develop the technical and soft skills for a successful career.

Skills and Qualifications 

We pride ourselves on hiring from diverse backgrounds, experiences, and skill sets. Whether you're a new college graduate or you have a few years of post-grad professional experience under your belt, our program is the perfect launching pad into the innovation economy. We accept candidates from all majors who have demonstrated a level of interest and basic knowledge in the world of finance (i.e. classes taken, internships and part-time jobs, etc.). We also look for candidates who have a strong base of technical ability coupled with the soft skills needed in order to collaborate and work with various teams.

The candidate will play a critical role in the success of the Private Banking Team. The ideal candidate will take ownership of their assigned tasks while striving to go beyond their basic job responsibilities for the benefit of the entire SVB platform/shareholders/clients.

• Apply knowledge of SVB Private Bank’s products, practices and tools while providing credit underwriting support

• Underwrite credit proposals and analyze personal financial statements, tax returns and credit reports with a high appreciation for attention to detail.

• Develop knowledge that will allow effective basic underwriting skills for high-net-worth individuals who are synergistic to our business model

• Identify usual risks and mitigate common factors which could impact the Applicant's loan repayment ability. Utilize key loan underwriting tools and techniques to access Applicants' eligibility

• Understand the necessity and value of accuracy and regulatory compliance. Accurately gauge the impact and cost of errors, omissions, and oversights. Utilize specific approaches and tools for checking and cross-checking outputs. Learn from mistakes and apply lessons learned

• Take personal ownership of assignments and activities, pro-actively communicating decisions and results to internal partners. Deliver quality work and solutions within accepted service level agreement / deadlines

• Value the importance of teamwork with ability to work cooperatively towards shared goals. Actively participate in team meetings by sharing information, knowledge, and experiences openly. Demonstrate open, friendly, accepting, and supportive behaviors with peers and colleagues.

Other skills and qualifications include: 

• You are excited to work with founders and investors to solve personalized banking solutions.

• You're interested in leveraging your experience in the program to maximize your career in SVB Private Bank

• You like to think creatively and enjoy problem-solving

• You have the ability to write well, speak powerfully and explain complex situations with ease  

• You're a team player with the ability to coach others as well as be coached

• You've earned a bachelor’s degree or equivalent (GPA of 3.4 or higher preferred)

Together, First Citizens and Silicon Valley Bank offer you the strength and stability of a diversified financial institution with over 125 years of service and the personalized approach of a nimble financial partner. First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts.