Great Leadership, changing culture
Pros
The executive leadership is transparent, empathetic and cares about the employees and clients. Greg - CEO, Mike - President and Phil - COO are just amazing. Compensation and benefits are better compared to other financial institutions. Overall the company has a sense of purpose and trying to stay on top of emerging disruptions in the financial sector. I see the company growing in the next 10 years, with forays into global markets and innovative products.
Cons
The technology leadership gets recycled at an average of 3 years and when I say refreshed its right from CIO and CTO level down. Check how many CIOs and CTOs the company had in the last 15 years. Obviously, with that the entire division gets re-orged and loses focus on work and goals. The current leadership does not look very bright either, results are yet to be seen. There is a weird nepotism culture at SVB, whenever there is a leadership change, the leaders and their subs get a free hand at bringing their friends, family, neighbors, etc. and with that, the entire work culture changes. This has happened multiple times in the last few years. Right now, it's in the technology and product team. >50% of these teams are now completely new and hired via friends and family offer and have utter disregard for everyone who is not part of their new "team". There are no career opportunities in technology, there's not even a roadmap or job leveling. For many, they don't even know if by some miracle they get promoted what will that title be. Management will hire someone external than promote internal, as there is always a friend, family or referral waiting in line.