There are newer employer reviews for Federal Reserve Bank of Richmond
There are newer employer reviews for Federal Reserve Bank of Richmond

See Most Recent

Helpful (1)

Add value to the country's payments systems

  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee
Current Employee - Anonymous Employee
Recommends
Approves of CEO

Pros

It's a not-for-profit organization, so we are driven by mission- not profit - although we must manage budgetary pressures like any other organizations.In recent years,t hey have really worked to make the organization more professional and responsive and to bring salaries up to industry standards.

Cons

You must have a thick skin since we stay within the crosshairs of the media and politicians. Because we are a not-for-profit organization, you will not get rich.

Other Employee Reviews for Federal Reserve Bank of Richmond

  1. IT

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Richmond, VA
    Current Employee - Anonymous Employee in Richmond, VA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Federal Reserve Bank of Richmond full-time (More than 8 years)

    Pros

    Decent Compensation and Pension are still in play at the Fed. Flexible work arrangements/Telework for many positions. You will get to work on solutions the support the Global economy.

    Cons

    Some things will move at a snails pace. Many of the customers you service have an expectation of perfection and provide very little room for anything to not work and in IT...things don't work sometimes. The political environment of a Federation is unlike anything in the private sector.

    Advice to Management

    Continue to keep up with current trends. Seems the Fed is 5 years behind the rest of Financial Services Industry with how quickly new ideas and efforts get adopted.


  2. Love it but...

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Enterprise Program Manager in Midlothian, VA
    Current Employee - Enterprise Program Manager in Midlothian, VA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Federal Reserve Bank of Richmond full-time (More than 5 years)

    Pros

    Mission, security, pension, flexibility, value of your work. Average tenure is 30+ years for a reason. You can really make relationships and find a home with the shared values and mission to the nation and economy.

    Cons

    mission and culture only go so far; it works you to the bone and the pay is tough to keep with when it's not as competitive with the market, when you're finding it hard to make ends meet. At times, it's like governmental agency, even though each Reserve Bank is a private legal entity.

    Advice to Management

    Do more with less can not mean work longer hours. Finding efficiencies and being agile requires a level of risk acceptance that it not historically acceptable for the mission critical systems.


There are newer employer reviews for Federal Reserve Bank of Richmond
There are newer employer reviews for Federal Reserve Bank of Richmond

See Most Recent

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