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Safra Bank Reviews

6 Reviews
3.0
6 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Simoni Morato
4 Ratings
  1.  

    A boutique bank culture with the resources of a bulge-bracket firm

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY

    I have been working at Safra Bank full-time (more than an year)

    Pros

    The flat organizational structure is refreshing, and helps different parts of the bank work well together.
    Small enough for employees to have plenty of responsibility and see their work reach the client.
    Benefits used to be fantastic, and despite recent changes, are still relatively good.
    Work/life balance is decent and most employees are pretty laid back. Office culture and morale are good.

    Cons

    Some employees are only there because their families are large clients of the bank, and they are untouchable.
    Because of the flat structure, upward mobility is limited. Many employees have been there for decades, so moving up requires years of patience.

    Advice to ManagementAdvice

    Try to avoid growing AUM at the cost of internal culture and profitability. Hiring clients' kids and bringing on clients at below-cost rates are bad for business.

    Recommends
    Positive Outlook
    Approves of CEO

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Additional Info

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Website www.safra.com
Headquarters New York, NY
Size 150 to 499 Employees
Founded 1995
Type Company - Private
Industry Finance
Revenue $100 to $500 million (USD) per year

Rich folks are wild about Safra and Safra's wild about them. Private bank Safra National Bank of New York serves high-net-worth individuals, local businesses, and international corporations through branches in New York and Miami. It offers certificates of deposit, investment funds, money market instruments, alternative investments, and gold bullion. In addition to wealth management, the bank also performs equity brokerage services, bond trading, and correspondent banking. Established in 1987, Safra National Bank is owned by the Safra family, benefactors of hospitals... More

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