Stay away from the internal audit department! - Senior Internal Audit Associate Silicon Valley Bank Employee Review

1.0
20 Mar 2014
Recommend
CEO approval
Business outlook

Pros

Above average benefits & compensation Unique niche Location Most of the people outside of internal audit are cooperative

Cons

Internal audit department is one of the worst departments to work for in SVB. The team comprises of Caucasian male managers and Asian female staff. Teams are managed by fear and intimidation. There is no guidance, mentoring or coaching from any of the managers. Head of internal audit has an objective to force at least two employees to quit each year. In the 7 years that he has been on the job 14 people have quit the group. The size of the internal audit team is 10. Outside of internal audit, if you are on the lending side you can have a defined career path depending on your networking skills. Having a parent that is connected to the startup ecosystem is a prerequisite for success. SVB executive management is stacked with Greg Becker's followers. As expected, this leads to a single point of view which is good if it's the right view.

Explore other reviews about Silicon Valley Bank

5.0
9 Jun 2026
Recommend
CEO approval
Business outlook

Pros

- Great Pay - Great People

Cons

- Post FCB Migration - Things have slowed down

1.0
31 Mar 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Pre-2023, excellent culture and team environment, strong compensation and bonuses, and generous budgets that supported employees well.

Cons

Since the 2023 bankruptcy, the company has struggled to regain its identity. There has been significant turnover in senior leadership, and much of the experienced management team has departed. This has led to inconsistent direction, frequent misalignment between leadership messaging and execution, and a noticeable decline in employee confidence. Compensation, bonuses, and career progression opportunities have become less competitive, and overall employee support has diminished. The organization now feels more like a rebranded extension of First Citizens rather than the distinct institution it once was. There is also an over-layering of management, with too many overlapping roles and unclear accountability, which slows decision-making and creates unnecessary complexity. Finally, the company has lost much of its competitive edge post-2023, with ongoing client attrition and reputational challenges that employees are left to address without clear strategic direction.

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