NY State Banking Reviews

2.3
3 Reviews
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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Director of Financial Education Programs in New York, NY
    Current Employee - Director of Financial Education Programs in New York, NY

    I have been working at NY State Banking

    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 ManagementAdvice

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

    Recommends
    No opinion of CEO

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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