ABN AMRO Reviews

Pros

US mgmt team made most of the calls for business development. the bank has a global reach to conduct business in many parts of the globe - important for multinational companies.

Cons

Although the North American operations were mainly left to sr mgmt in the US, the Dutch did often make the final calls.

Advice to Senior Management

At this pt,it's too late. The Dutch CEO manged to sell the company RBS. RBS hit the skids and is now 80+% owned by the UK government.

Pros

- Good place if you are looking for work-life balance, with no pressure to step beyond your comfort zone

Cons

- Poor HR policies
- Senior management lack competency
- Poor risk management, poor liquidity mangement; poor compliance ; high risk of being a victim in the event of another financial crisis, or if the swap market / money market freezes again!
- too much politicking. ABN Amro has already lost time in 2010 due to re-structuring.
- Management lacks vision
- Poor brand name

Advice to Senior Management

- Stop putting your own people as HODs, who lack experience and technical knowledge

Pros

Flexible
Cooperative colleagues
Comparatively less bureaucracy

Cons

Comparatively less opportunites for promotion

Pros

Small team highly personal working environment, great products and training, compensation linked to performance, advancement opportunities very good

Cons

Client focus not great, future of bank uncertain, globally weak outfit, management no stable, top talent leaving, compensation base not in line with market, market reviews not top quality

Advice to Senior Management

Hire and retain to talent, give people opportunities to grow and lad, lead change to develop entreprenurial setup, product research should be better, emerging markets focu needed

Pros

Extremely friendly team, very cohesive, fun, and energetic people. Pay was good. I was really satisfying to work there.

Cons

One of the downsides at the moment of my employment was the restructuring of the company which left a lot of people unsure as to what their future role would be.

Advice to Senior Management

Management had it very hard, because we were going through a merger. I would recommend a bit more openness on their part.

Pros

good promotion opportunities, individual ideas and creativity are valued

Cons

unclear strategy, very isolated business units, high costs driving down profitability, relatively small international network

Advice to Senior Management

Set clear strategy, cut costs

Pros

range of business lines
possibility to move within company
innovative products

Cons

very political
frequently executives of little ethics promoted, that are full of themselves
starting a lot of businesses without putting right attention to execution
sanctions not necessarily linked to causing of problems
bonus allocation partly very biased/intentional downgrades of whole business units (apart from heads, who give themselves the maximum rating) to cut bonuses

Advice to Senior Management

Live the values that you put on posters and flyers, newsletters etc.
More serious 360 degree feedback + consequences
Fewer initiatives and more attention to the execution

Pros

1. Employees are respected and treated as people!
2. Great work-life balance.
3. Ability to move between departments and great growth opportunities.
4. Global exposure.
5. Excellent benefits.
6. Senior management has a mentoring approach where constructive feedback is provided and training is provided where needed.
International rotation opportunities.

Cons

1. Salary maybe lower than what it is in like organizations.

Advice to Senior Management

None.

Pros

ABN Amro provides a nice balance between my work and personal life. Hours are short, lots of days off for holidays, and pay is on par with competitors for my job duties. Furthermore, The bank promotes openness and diversity within it's work culture.

Cons

Very limited opportunities for advancement within the company. The bank is mired in bureaucracy and is too conservative for my preference. The computer networks are a joke!

Advice to Senior Management

Please treat your colleagues with respect and maybe you could retain those that are competent in their position. Limit meetings as they are almost a complete waste of time.

Pros

great work life balance. many opportunities for growth and global footprint provided exciting places to work.

Cons

all dutch board and incompetence of senior management.

Advice to Senior Management

shake up the board.