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Jobs · Business Development · Massachusetts

Director Startup Banking- Life Sciences

Silicon Valley Bank · Boston, MA · 3 wk ago
On-siteBusiness Development$157k–$205k/yrFull-time

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of our Boston office. Together, Silicon Valley Bank and First Citizens offer 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. The bank offers an array of general banking services, including a network of more than 550 branches in 23 states, and commercial finance expertise delivering best-in-class lending, leasing, and other financial services coast to coast. Specialty groups include syndications, TMT, Commercial Real Estate, Energy, Healthcare, Equipment Finance, and Sponsor Finance. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets.

SVB Startup Banking focuses on engaging and building deep, authentic relationships with pre-Series A founders, investors (emerging managers), clients, prospects, and partners, including accelerators/incubators, law firms, universities, and industry groups.

About the role

Seeking a relationship management and business development professional with experience in the Life Science Healthcare (LSHC) industry to join our team. The primary responsibilities of the Director are to build, maintain, and engage strategic relationships within the LSHC investor community to help scale and grow SVB's businesses; serve as an SVB ambassador; cross-sell the SVB platform by winning and retaining the best opportunities; and provide strategic insight and advice to critical investor relationships and internal bank stakeholders. Based in Boston but covering the East, the ideal candidate is already active in the local ecosystem, with an existing and growing network of investors, influencers, and relevant stakeholder relationships.

Responsibilities

  • Drive client acquisition and growth by positioning and delivering SVB’s value proposition to clients and prospects.
  • Directly manage and develop key channel partnerships while being a highly visible ambassador for SVB Startup Banking in the market(s) being covered.
  • Work closely with Startup Banking Relationship Managers to collectively convert prospects into clients, support Relationship Managers by delivering market insights, and collaborate to provide a best-in-class client experience.
  • Deliver founder success through lead conversion, customer connections, and value-add for top-tier clients and partners.
  • Create and deliver founder- and partner-specific events in market.
  • Host founder office hours and other 1:1 engagement programming at key channel partners.
  • Support activities with Sales Ops and Marketing to bring value to the market.
  • Analyze and coordinate various data elements of the business that support direct evangelism (e.g., post-event data, leads, CRM management) to power the process of converting prospects to clients.
  • Interact directly with prospective clients to articulate SVB’s value proposition, products, and other services.

Requirements

  • Bachelor’s degree and 6 years of Relationship Management / Business Development experience in the Life Science Healthcare ecosystem OR High School or GED and 10 years of experience.

Skills

  • Expertise: Active in Life Science Healthcare and committed to active participation in the VC and startup community. Comfortable building long-term, sales-oriented relationships and managing partnerships. Can build and maintain investor relationships, devise strategies for developing new business, and collaborate well across groups.
  • Goal Oriented: Able to meet targets and measure return on investment. Data-driven. Capable of using both data and intuition to deliver results. Likes to optimize.
  • Execution: Can develop authentic relationships with the most influential and impactful venture firms in the startup ecosystem. Actively shares viewpoints and information with colleagues and peers to form recommendations. Ensures cohesion across SVB's broad businesses and delivers timely business reviews to show progress to goals.
  • Collaborative: Influences with gravitas and charisma. Partners extremely well with internal colleagues and can skillfully engage in difficult external discussions with critical relationships when needed. Views SVB and the broader Business Development team as extensions of their network and uses the full set of SVB resources to deliver exceptional results.
  • Investor Focus: Has an innate curiosity and the ability to uncover the needs and interests of strategic investors. Is personally active and respected in the marketplace with an existing and growing network of relevant stakeholders.
  • New Business: Persistent and resourceful. Able to ideate and devise new ways to engage clients and prospects. Comfortable with pipeline development and execution accountability. Can learn to cross-sell the SVB platform. Able to deal with difficult or dissatisfied clients. Motivated to solve issues and thinks about solutions—not problems.
  • Brand Builder: Can represent SVB with confidence in the marketplace with a unique and informed point of view. Able to converse with serial entrepreneurs, first-time founders, early-stage investors, late-stage investors, and stakeholders as needed.

Pay

The base pay for this position is generally between $156,675 - $205,000 annually. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

Benefits

Benefits are an integral part of total rewards, and First Citizens Bank is committed to providing a competitive, thoughtfully designed, and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

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