Job description
BE PART OF A BANK LIKE NO OTHER.
When you work with the world's most innovative companies, you know you're making a difference.
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 nearly forty years of experience in the industries we serve, and to partner with diverse teams of passionate, enterprising SVBers, dedicated to an inclusive approach to helping them grow and succeed at every stage of their business.
Join us at SVB and be part of bringing our clients' world-changing ideas to life. At SVB, we have the opportunity to grow and collectively make an impact by supporting the innovative clients and communities SVB serves. 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.
Job Description:
General Counsel, SVB Private
SVB is the financial partner of the innovation economy, helping individuals, investors and the world’s most innovative companies achieve their ambitious goals. SVB’s businesses - Silicon Valley Bank, SVB Capital, SVB Private and SVB Securities - together offer the services that dynamic and fast-growing clients require as they grow, including commercial banking, venture investing, wealth planning and investment banking. Headquartered in Santa Clara, California, SVB operates in centers of innovation around the world. Learn more at svb.com/global.
SVB Private is focused on bringing our clients' world-changing ideas to life. We pride ourselves in having both a diverse client roster and an equally diverse and inclusive organization. SVB Private strives to be the premier, most innovative provider to participants in the global innovation economy, acting as a trusted advisor to help clients build their wealth. SVB Private serves the needs of individuals who are part of the Innovation sector of the U.S. economy. This includes venture capital professionals and C-level executives from all the businesses Silicon Valley Bank serves nationwide. SVB is uniquely positioned with access to the key players in the industry. We seek to help streamline their lives with a strong product set, intense knowledge of their industries, capable & caring bankers and a high level of customer service. We aim to deliver a differentiated experience to innovators, investors, influencer and thought leaders, by offering a connected global community, service and solutions tailored to the unique needs that reflect their history and their future.
SVB is currently seeking candidates for the position of General Counsel, SVB Private to lead and oversee the legal affairs of SVB Private and to manage the legal team that supports the business, which is composed of registered investment adviser (SVB Wealth LLC), registered broker dealer (SVB Investment Services Inc) and banking (Silicon Valley Bank) products and services. The position will work closely with and advise our President of SVB Private in a wide range of relevant areas, including wealth management, private lending, consumer products, trust and fiduciary services, advisor hiring, risk and compliance, regulatory, governance, administration, operations and other areas. The successful candidate must have strong legal and leadership experience with respect to LFI risk and compliance. The candidate should have considerable experience advising investment advisory and broker dealer businesses on business growth, strategy, and issues under the Investment Advisers Act as well as the Exchange Act.
This position is ideally located in New York (New York City) or California (Menlo Park or San Francisco; or other locations near an SVB office.
The position will report to the General Counsel of SVB Financial Group and will be part of the leadership teams of SVB Private and SVB Legal.
Primary Responsibilities:
- Oversee all legal matters for the banking, brokerage and investment advisory/wealth management businesses of SVB Private
- Lead and manage a team of 2 attorneys
- Proactively advise the business leadership team on legal and regulatory matters pertaining to the business, including strategy, compliance, operations, policies, governance, employment, compensation and risk management.
- Set the legal strategy, priorities and goals in alignment with business strategy
- Engage with regulators, including the Federal Reserve, SEC and FINRA; expertise in compliance obligations applicable to SEC and FINRA registrants
- Advise on reporting to the Executive Committee and the Board of Directors of the parent company, SVB Financial Group
- Serve as a member of the Legal and SVB Private leadership teams
- Support other projects for the Legal department as necessary, as well as contributing to the development of the team’s best-in-class practices.
Skills/Qualifications:
- 18+ years of experience (either in-house at a relevant Private Bank/Wealth Management business or top tier law firm),
- J.D. from a top tier school and excellent academic credentials
- Active membership in good standing in at least one state bar, preferably California or New York
- Substantive expertise in brokerage, investment advisory and related legal and regulatory areas
- Expert knowledge of Investment Advisers Act of 1940, the Securities and Exchange Act of 1934, Investment Company Act of 1940, Securities Act of 1933, Regulation Best Interest, ERISA, Form ADV, Form CRS
- Leadership and Ability to Influence. We are searching for a seasoned business attorney with a proven track record of impacting a fast-paced business and advising/influencing senior leaders. Equally important is the demonstrated ability to lead, manage and develop a team of outstanding lawyers.
- Solutions-oriented and creativity to help solve problems quickly in a commercial-minded manner.
- Vision and drive. A strong sense of strategic vision, coupled with a willingness to roll up sleeves to facilitate business growth, is essential.
- Flexibility, empathy and adaptability, which will allow you to lead or collaborate effectively with colleagues in Legal, the business and our compliance and risk functions to implement practical, risk-calibrated solutions.
Base Pay:
Actual starting base pay will be determined on skills, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, benefits, and/or other perks, as outlined in any formal offer made.
SVB benefit programs are designed to meet our employees where they are in life. SVBers may enroll in core benefits programs, plus take advantage of customized perks and offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found
here
.
© 2022 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (Nasdaq:
SIVB
).
Equal Employment Opportunity
Silicon Valley Bank is an equal opportunity employer and is dedicated to expanding its commitments and investments to create a more diverse, equitable and inclusive company culture and innovation ecosystem. We are strongly committed to the values and policy of equal employment opportunity across our employment practices.
Silicon Valley Bank UK Limited is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK (Company Number 12546585). Silicon Valley Bank UK Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Firm Reference Number 543146). Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.
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