SVB-Associate Development Program East (March 2025 Cohort)
- First Citizens Bank.
- Boston, MA
- 15 days ago
Job Description
Overview
Together, Silicon Valley Bank and First Citizens offer you the strength and stability of a diversified financial institution with a 125-year tradition 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. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets.
ADP Overview
Established in 2012 with locations in Boston, MA and San Francisco, CA, the Associate Development Program hires entry-level associates to embark on a development and training program that couples critical thinking on business and financial fundamentals on-the-job experience, supporting various teams, markets, and U.S. geographies.
Responsibilities
Training
The foundation of the 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.
On the Job Training
While in training, associates are embedded with SVB business units to receive hands-on training in areas such as credit risk assessment, loan portfolio management and client management. Associates collaborate with business unit members to complete work, develop skills to take on additional responsibilities and hone interests in business units they might join once the program has been completed.
Life in ADP
You will assist in managing all aspects of teams’ client portfolios. Responsibilities will include assessing and monitoring credit risk, providing financial credit analysis for a variety of innovative companies and gaining an understanding of various sectors, financial products and services. As you quickly become a member of the ADP community and build lasting relationships with your ADP peers, you’ll also have significant 1:1 mentorship every step of the way to help you develop the financial and soft skills for a successful career.
The base pay for this position is relative to your experience but the range is generally $70,246 to $105,370 per year. This position is eligible for variable compensation, which may be in the form of incentive, bonus, or commission pay. First Citizens offers a competitive, comprehensive benefits program which you can review here: https://jobs.firstcitizens.com/benefits.
Qualifications
We hire associates 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, 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 you've taken, internships and part-time jobs, etc.).
Other skills and qualifications include:
Your Future at SVB
With ADP as your launching pad into a career at SVB, the opportunities are endless as you collaborate and work with various teams both during and after ADP. The breadth of experiences and skills you gain while in program will enable you to explore a wide variety of roles within the organization.
#SVB
#MON
Together, Silicon Valley Bank and First Citizens offer you the strength and stability of a diversified financial institution with a 125-year tradition 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. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets.
ADP Overview
Established in 2012 with locations in Boston, MA and San Francisco, CA, the Associate Development Program hires entry-level associates to embark on a development and training program that couples critical thinking on business and financial fundamentals on-the-job experience, supporting various teams, markets, and U.S. geographies.
Responsibilities
Training
The foundation of the 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.
On the Job Training
While in training, associates are embedded with SVB business units to receive hands-on training in areas such as credit risk assessment, loan portfolio management and client management. Associates collaborate with business unit members to complete work, develop skills to take on additional responsibilities and hone interests in business units they might join once the program has been completed.
Life in ADP
You will assist in managing all aspects of teams’ client portfolios. Responsibilities will include assessing and monitoring credit risk, providing financial credit analysis for a variety of innovative companies and gaining an understanding of various sectors, financial products and services. As you quickly become a member of the ADP community and build lasting relationships with your ADP peers, you’ll also have significant 1:1 mentorship every step of the way to help you develop the financial and soft skills for a successful career.
The base pay for this position is relative to your experience but the range is generally $70,246 to $105,370 per year. This position is eligible for variable compensation, which may be in the form of incentive, bonus, or commission pay. First Citizens offers a competitive, comprehensive benefits program which you can review here: https://jobs.firstcitizens.com/benefits.
Qualifications
We hire associates 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, 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 you've taken, internships and part-time jobs, etc.).
Other skills and qualifications include:
- Interest in leveraging your experience to explore further career opportunities at SVB
- Enjoy a challenge and utilize critical thinking and decision making
- Coachable and able to apply feedback
- Exhibit a strong baseline of professionalism and attention to detail
- Write well, speak powerfully and can explain complex situations with ease
- Team player who can lead, take ownership and work independently
- Ready to relocate to one of our 30+ office locations upon successful completion of the program
- Earned a bachelor’s degree by the program start date (GPA of 3.0 or higher preferred) You’ve received a passing grade for at least one finance, accounting, and/or economics college course
Your Future at SVB
With ADP as your launching pad into a career at SVB, the opportunities are endless as you collaborate and work with various teams both during and after ADP. The breadth of experiences and skills you gain while in program will enable you to explore a wide variety of roles within the organization.
#SVB
#MON