FHLB Boston Jobs

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28 days ago

Manager, Member Credit Risk

Federal Home Loan Bank of Boston Boston, MA

The Manager of Member Credit Risk (“MCR”) manages the member credit risk team and is responsible for providing critical thought and analytical… Federal Home Loan Bank of Boston


30+ days ago

Community Investment Manager

Federal Home Loan Bank of Boston Boston, MA

include a distribution of Affordable Housing Program projects and the Bank’s member financial institutions and other organizations. The incumbent… Federal Home Loan Bank of Boston


30+ days ago

Credit Products Manager, Mortgage Partnership Finance (MPF)

Federal Home Loan Bank of Boston Boston, MA

include supporting the Bank’s Mortgage Partnership Finance (MPF) program, and providing support for on-site member collateral reviews of one-to-four… Federal Home Loan Bank of Boston


30+ days ago

Senior Internal Auditor with Project Management skills

Federal Home Loan Bank of Boston Boston, MA

. Over time the division of work may shift to include more balance between performing audit work and project management activities, based on… Federal Home Loan Bank of Boston


FHLB Boston Photos

FHLB Boston Reviews

1.9
Rating Trends
Recommend to a friend
Approve of CEO
(no image)
Ed Hjerpe III
15 Ratings
  • Helpful (1)

    Potential to be a great employer, but misses the mark

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at FHLB Boston full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Work/Life balance is good. Benefits are leaning towards generous. Compensation is livable, but positions are priced very low compared to the market. The pace of the workload isn't typically overwhelming, with the exception of the IT department. Most of the employees below the senior management level are genuine, smart, and capable. These people are the best part about FHLB.

    Cons

    Leadership is lacking, and there is little to no opportunity for advancement. The turnover rate is extremely high, and instead of looking within to develop and promote the existing staff, management hires from the outside. Years’ experience and institutional knowledge is extremely valuable at FHLB and is overlooked time and time again by those making hiring and staffing decisions. Those who stick around typically do so for the pension, the tuition reimbursement benefits, or the guaranteed 9-5 that they couldn't get elsewhere. The culture is reflective of that.

    Advice to Management

    It’s not 2008 anymore. The Bank is performing well, and the job market has drastically improved. The offerings at the Bank are no longer competitive enough to keep talent here long term. Other companies have far surpassed what FHLB offers employees in terms of compensation, benefits, opportunity and culture. Boston has the lowest glass door rating of all the FHLB Banks. Perhaps management should head over to the other FHLB's that are getting 3 and 4 star ratings to see what they can do to make FHLB Boston a better place to work.


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