NY State Banking Reviews

2.3
Recommend to a friend
Approve of CEO
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William Rachmiel
0 Ratings
  • A very good experience until my boss left and I transferred to another department

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director of Financial Education Programs in New York, NY
    Current Employee - Director of Financial Education Programs in New York, NY
    Recommends
    No opinion of CEO

    Pros

    Interesting work Opportunities to innovate and express creativity Opportunities to develop skills and learn about the banking and financial services industry Opportunities to collaborate with other regulators and agencies Interaction with non-profit community Feeling that you are providing a public service to help consumers and promote the health of the banking industry

    Cons

    Political environment Emphasis is on regulation sometimes at the expense of other parts of mission Agency undergoes large personnel changes with a different New York State governor

    Advice to Management

    Clarity of mission and direction can be better communicated Think carefully about selecting the right people for personnel promotion


NY State Banking Awards & Accolades

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Additional Info

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Website www.banking.state.ny.us
Headquarters Albany, NY
Size 500 to 999 Employees
Founded 1851
Type Government
Industry Government
Revenue Unknown / Non-Applicable per year
Competitors Unknown

The New York State Banking Department keeps an eye on a pretty big pile of money. It regulates more than $2.4 trillion handled by about 10,000 state licensed and chartered financial entities, including include banks, foreign agencies, branches, savings institutions, mortgage bankers, check cashers, money transmitters, and lenders. The agency protects public interests and insures sound business foundations. Some 70% of its employees are bank examiners. Fees from state-chartered institutions pay for its $70 million plus budget. Created in 1851, it is the oldest bank ... More

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