There are newer employer reviews for FHLB New York

3 people found this helpful

Management made the job a nightmare!

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Anonymous Employee
Former Employee - Anonymous Employee

I worked at FHLB New York

Pros

The FHLB has good benefits and as an institution provides various morale boosting activities auch as the annual holiday party and the annual boat cruise or picnic.

Cons

Unfortunately, local management's actions undermine everyone's morale. In a period of about five years at least ten officers and directors came and went. They either left due to the working environment, were forced out or were fired. Non-officer exempt employees turned over at least once during the same period. Management did not provide any leadership and was not particularly savvy in what was required to conform to the Bank's regulator guidelines. Management used the annual review process to "document" performance deficiencies in order to preclude annual raises and bonuses. Management did not responde in a timely fashion (sometimes weeks) to reports submitted for review them blamed the analyst for submitting a final report, which was "documented" by management. This was by far the worst management that I have seen in many years of working in the financial industry.

Advice to ManagementAdvice

FHLB leadership should institute a proceedure where all Bank rules and regulations are applied equitably across all departments and are not made subject to the whims of local management. Additionally, the Bank should establish a senior level HR officer to represent the interests of the employee in any situation where local managemnt has issues with the employee. The current HR function is strictly there for managers to "legally" harass unwanted employees!

Doesn't Recommend
No opinion of CEO
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  1. Company with great benefit

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

    I worked at FHLB New York full-time (more than 3 years)

    Pros

    Great benefit. Staple. Great place for retirement.

    Cons

    Not much opportunities. Not very exciting.

    Advice to ManagementAdvice

    None

    Doesn't Recommend
    Neutral Outlook
  2. Good benefits

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

    I have been working at FHLB New York

    Pros

    Great manager makes this place bearable. Working from home option is great as well.

    Cons

    The politics are ridiculous as mentioned by other reviewer. There are more people checking your work than people actually working. More concern is placed on having multitude of procedures. Advancement is hard to come by.

    Neutral Outlook
    No opinion of CEO
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