Federal Reserve Bank of San Francisco

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Federal Reserve Bank of San Francisco Jobs & Careers in San Francisco, CA

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22 days ago

Sr. Risk Specialist I, Charles Schwab Corporation Team

Federal Reserve Bank of San Francisco San Francisco, CA

of the Job: An excellent opportunity exists to serve in a key role in the execution of a strong supervisory program on the Federal Reserve Bank of… Federal Reserve Bank of San Francisco


3 days ago

Senior Cyber Intelligence Analyst – new

Federal Reserve Bank of San Francisco San Francisco, CA

As the Senior Cyber Intelligence Analyst, you will participate in the activities of a small, expert team that provides advanced cyber intelligence… Federal Reserve Bank of San Francisco


17 days ago

MACRO ECONOMIST

Federal Reserve Bank of San Francisco San Francisco, CA

The Department provides an outstanding research environment and has a proven track record of producing highly cited work. Salary… Federal Reserve Bank of San Francisco


3 days ago

SERGEANT – new

Federal Reserve Bank of San Francisco San Francisco, CA

, duties and skills. They are intended to be accurate summaries of what the job classification involves and what is required to perform it. Employees… Federal Reserve Bank of San Francisco


15 days ago

Manager, Staffing and Conlicts of Interest

Federal Reserve Bank of San Francisco San Francisco, CA

of Position: The Division Support & Operations (DSO) group within BS&R has an opening for a highly motivated, results and team-oriented leader to… Federal Reserve Bank of San Francisco


17 days ago

Information Security Assessment Consultant

Federal Reserve Bank of San Francisco San Francisco, CA

As a member of NIRT’s Comprehensive Assessments Team, you will interact with NIRT’s customers who are located around the Federal Reserve System… Federal Reserve Bank of San Francisco


3 days ago

Project Manager – new

Federal Reserve Bank of San Francisco San Francisco, CA

The Federal Reserve Bank of San Francisco's ITS department is delighted to announce an exciting opportunity for a seasoned Project Manager who will… Federal Reserve Bank of San Francisco


2 days ago

Part-Time Internship - Systems National Cash Product Office – new

Federal Reserve Bank of San Francisco San Francisco, CA

3. Must be a US Citizen or a Green Card holder with the intent on becoming a US Citizen… Federal Reserve Bank of San Francisco


17 days ago

Hourly Examiner/Sr. Examiner

Federal Reserve Bank of San Francisco San Francisco, CA

OF THE JOB: An excellent opportunity exists for an hourly examiner in the Financial Institutions Supervision Group (FISG). The purpose of the hourly… Federal Reserve Bank of San Francisco


3 days ago

Lieutenant – new

Federal Reserve Bank of San Francisco San Francisco, CA

, duties and skills. They are intended to be accurate summaries of what the job classification involves and what is required to perform it. Employees… Federal Reserve Bank of San Francisco


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Federal Reserve Bank of San Francisco Reviews

59 Reviews
3.2
59 Reviews
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Federal Reserve Bank of San Francisco President & CEO John C. Williams
John C. Williams
33 Ratings
  1. 3 people found this helpful  

    Stale 1960's culture; overdue for purging current leadership and brining in new innovative leaders from outside

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager in San Francisco, CA
    Current Employee - Project Manager in San Francisco, CA

    I have been working at Federal Reserve Bank of San Francisco full-time (more than 5 years)

    Pros

    Great benefits. Opportunity for flexible working arrangements (if your department management is aware and progressive enough to approve of it); pension plan. Officers (directors and above) have fantastic perks -- major bonuses and incentives, numerous cash allowances such as thousands of dollars per year allowance for additional medical treatments, other payments disguised as allowances, and upper $180,000's to mid- $200,000's salaries.

    Cons

    Suppressed stale "mad man" culture. Every department is completely disjoined from other departments. Everything is very political, and decisions are made to please certain people, not to benefit organization or the staff. In the past, majority of the Fed used to be a processing plant for cash and check operations. Back then management treated blue collar workers as second class citizens. In the last 10 years the checks processing had seized, cash operations had shrank, majority of blue collar workers were disposed off, but the management was kept and re-assigned to lead white-collar departments such as IT, Statistics, Accounting, Cash Product Office. As a result unqualified people are spearheading important Fed function, which they don't quite understand. They still treat workers as second class citizens, and rely completely on their workers to figure out how to do the job, expect their workers to write drafts of e-mails for them, so that they can append their names to those e-mails and send them to their management, don't support staff development and block promotions, since they are afraid that letting their staff shine would expose their lack of knowledge and would make their staff look better than them. Due to the lack of promotional opportunities, stale culture, and heavy office politics, some departments have extremely high turnover rates. At the other end of the spectrum are people who've been in their positions with heads down for 30+ years, did the same function all these years, have a subdued demeanor, have no interest in any innovations, suspicious of new hires, and wait for the retirement to kick in. Those people are hailed as examples, celebrated as success stories, and depending on the department are thrown 25, 30, 35 year anniversary parties. The Fed is in its own bubble, and is completely unaware of the progress that had taken place in the past 20 years. The only people who get promoted are the ones who management takes a liking to. Those people are typically the same mediocre types as their management. They are not deserving of promotion based on their performance, but the management considers them to be a good fit for their clique. Thus the culture lives on. Economics department, which President Williams comes from is the only exception. It is completely independent from the rest of the organization. Unlike the rest of the departments, none of the cash/check managers were re-assigned to lead it, so Economics department has collegiate atmosphere, which is completely atypical for the Fed. President Williams is not closely involved in day-to-day leadership of the organization; his primary responsibility is to work on monetary policy and to represent SF Fed at the Board. He is not hands on leader and is not aware of the real culture, which dominates all non-Economics departments. Bottom line: the only reason many people stick around are job security and retirement benefits. Other than that, it is not worth the effort.

    Advice to ManagementAdvice

    Get in touch with the people, see what is actually going on in the company. Talent management philosophy which has been touted in the past few years is not changing anything. People should be promoted to the management positions based on their leadership abilities, technical skills, and positive demeanor. The people who are currently promoted are usually 100% focused on pleasing their management and are not necessarily capable of building healthy relationships with their subordinates. There are numerous examples of that. Also, make it easier for people to transfer to other departments without becoming a subject of retaliation form their current management.

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