Jay Ersapah Wiki, Biography, Age, Partner, Net Worth, Family, Ethnicity & More

Jay Ersapah is a financial risk analyst who worked as the head of financial risk management at Silicon Valley Bank (SVB), a leading bank for technology and innovation companies. She is also an LGBTQ+ activist who co-chaired the European LGBTQ Employee Resource Group and was included in SVB’s ‘Outstanding LGBT+ Role Models List 2022’. However, she faced criticism and backlash after SVB collapsed in March 2023 due to a series of bad loans and regulatory violations.

Early Life and Education

Jay Ersapah was born in 1982 in Birmingham, United Kingdom. She belongs to the Asian ethnicity and holds British nationality. She has not revealed much about her parents or siblings.

She attended Queen Elizabeth College, where she earned her bachelor’s degree in economics. She also graduated from Cambridge High School with an A-Level diploma.

She interned at Ernst & Young, a global professional services firm, to start her career. She then enrolled in the Citi Graduate Program, a training and development program for aspiring bankers. She later worked full-time at Barclays, a British multinational bank, as a senior manager of risk analysis.

She also held a position at Deloitte, a global consulting firm, as a recovery and planning lead. She was responsible for advising clients on financial restructuring, insolvency, and crisis management.

Career at Silicon Valley Bank

In 2019, Jay Ersapah joined Silicon Valley Bank as the head of financial risk management for Europe, the Middle East, and Africa (EMEA). She was based in London and reported to the chief risk officer of SVB.

She oversaw the risk management framework and policies for SVB’s EMEA operations, including credit risk, market risk, operational risk, and compliance risk. She also led a team of risk analysts and managers who assessed and monitored the bank’s exposure to various types of risks.

She was instrumental in helping SVB expand its presence and portfolio in the EMEA region, especially in the technology and innovation sectors. She supported the bank’s lending activities to startups, venture capital firms, private equity firms, and corporate clients.

Jay Ersapah and Silicon Valley Bank controversy

She also contributed to SVB’s diversity and inclusion initiatives, especially for the LGBTQ+ community. She co-chaired the European LGBTQ Employee Resource Group, which aimed to create a safe and supportive environment for LGBTQ+ employees and allies. She also organized and participated in various events and campaigns to raise awareness and celebrate LGBTQ+ culture and identity.

She was recognized as one of the ‘Outstanding LGBT+ Role Models List 2022’ by SVB, which honored employees who demonstrated leadership, advocacy, and impact for the LGBTQ+ community. She also wrote several articles and blogs on topics such as mental health, intersectionality, and allyship for LGBTQ+ people.

Controversy and Criticism

In March 2023, Silicon Valley Bank collapsed due to a series of bad loans and regulatory violations that resulted in massive losses and liquidity problems. The bank was accused of failing to conduct proper due diligence, risk assessment, and compliance checks on its borrowers and transactions.

The bank’s failure triggered a wave of lawsuits, investigations, and public outrage from its customers, investors, regulators, and employees. Many people blamed the bank’s management and board for their negligence, mismanagement, and lack of oversight.

Jay Ersapah was among the senior executives who faced criticism and backlash for their role in the bank’s collapse. She was accused of prioritizing LGBTQ+ initiatives over the bank’s core business functions and responsibilities. She was also accused of launching a pride campaign right before the bank’s failure, which some people saw as a distraction or a cover-up.

Some people also questioned her qualifications and competence as a financial risk manager, claiming that she lacked the experience and expertise to handle the complex and dynamic risks that SVB faced. Some people also suggested that she was hired or promoted because of her identity or affiliation rather than her merit or performance.

Jay Ersapah has not publicly responded to these accusations or criticisms. She has also not disclosed her current whereabouts or plans for the future.

Personal Life

Jay Ersapah identifies as a queer woman of color. She has not revealed much about her personal life or relationship status. She does not have any children.

Jay Ersapah is active on social media platforms such as Linkedin and Instagram. She has over 1,000 followers on Linkedin and over 500 followers on Instagram. She often posts about her work achievements, professional interests, personal opinions, and social causes.

She is passionate about promoting LGBTQ+ awareness and empowerment. She is also interested in topics such as economics, finance, technology, innovation, entrepreneurship, and leadership.

Parents and Siblings

Jay Ersapah has not revealed much about her parents or siblings. She has kept her family background and personal life private and away from the media spotlight.

According to some sources, she was born and raised in Birmingham, United Kingdom, by her parents who are of Asian origin. She has not disclosed their names, occupations, or any other details.

Jay Ersapah may have siblings, but their names, ages, or genders are also unknown. She has not shared any photos or posts of her family members on her social media accounts.

She may have a close relationship with her parents and siblings, but she prefers to keep it confidential and low-key. She may also want to protect them from any unwanted attention or criticism that she faced after the Silicon Valley Bank.

Net Worth and Salary

Jay Ersapah’s net worth is estimated to be around USD 1.3 million. She earned most of her wealth from her career as a financial risk analyst and manager. She worked for several prestigious and well-paying organizations such as Ernst & Young, Citi, Barclays, Deloitte, and Silicon Valley Bank.

Jay Ersapah also received various bonuses, incentives, and stock options from her employers. She also invested some of her money in various assets and ventures.

Her salary at Silicon Valley Bank was not disclosed, but according to Glassdoor, the average salary for a head of financial risk management in the United Kingdom is GBP 120,000 per year, which is equivalent to USD 160,000 per year.