There are newer employer reviews for Federal Reserve Bank (NY)
There are newer employer reviews for Federal Reserve Bank (NY)

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Fast pace (can be longer hours than you think) to status quo

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

I have been working at Federal Reserve Bank (NY) full-time (More than 3 years)

Doesn't Recommend
Neutral Outlook
Approves of CEO
Doesn't Recommend
Neutral Outlook
Approves of CEO

Pros

Stable work place, will learn alot about regulatory requirements and way bank supervisors think.

Cons

Slow to change, more political and less meritocracy, writing & re-writing

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  1. Helpful (2)

    Boring, meaningless supervision job

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

    I have been working at Federal Reserve Bank (NY) full-time (Less than a year)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    No pressure as long as you're willing to go along with the program.

    Cons

    Miss the forest for the trees. Supervisory group consisting mostly of generally amateur financial professionals, if that. Institution driven by meaningless bureaucratic process that adds little value to its purported safety and soundness mandate, no notion of accountability at the institutional level leading to repeated failures in its purported mission.

    Advice to Management

    The analogy that comes to mind when thinking of the Fed is that of the Wizard of Oz: the great and powerful Fed is nothing but an aging, toothless old circus performer. Stop pretending you're independent of the industry and just admit that you're fully captured by it, tasked to obfuscate and protect its interests.


  2. Unsatisfactory in terms of New Challenges, Organizational Hurdles for growth

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

    I worked at Federal Reserve Bank (NY)

    Doesn't Recommend
    Approves of CEO
    Doesn't Recommend
    Approves of CEO

    Pros

    Prestigious Name due to the Great work done by the bank on a Macro Economic scale.

    Cons

    Slightly outdated in terms of Technology and Processes. More of an Old school structure with Officers and Non-Officers even in technology units.

    Advice to Management

    Technology divisions are better if operated in a different way than the way the Core business of the bank is carried out. The same structures that apply in other areas of the bank may be suitable.


There are newer employer reviews for Federal Reserve Bank (NY)
There are newer employer reviews for Federal Reserve Bank (NY)

See Most Recent

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