Federal Reserve Bank of Richmond

  www.richmondfed.org
  www.richmondfed.org
There are newer employer reviews for Federal Reserve Bank of Richmond

1 person found this helpful  

Nice work/life balance, insufficient IT/data infrastructure

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Financial Economist in Richmond, VA
Current Employee - Financial Economist in Richmond, VA

I have been working at Federal Reserve Bank of Richmond full-time (more than 3 years)

Pros

Very good work/life balance but you should be ready for some travel. The pay is okay. The job is not very challenging.

Cons

buerochratic environment. people are highly risk averse to get out with what they do and show it to the broader organization (pretty much opposite of industry)

Advice to ManagementAdvice

none

Recommends
Positive Outlook
Approves of CEO

33 Other Employee Reviews for Federal Reserve Bank of Richmond (View Most Recent)

Sort: Rating Date
  1. 3 people found this helpful  

    You're on your own in a short-staffed high travel job, so advocate for yourself and take advantage of opportunities.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Bank Examiner in Richmond, VA
    Former Employee - Bank Examiner in Richmond, VA

    I worked at Federal Reserve Bank of Richmond full-time (more than 3 years)

    Pros

    Opportunities to learn if you push, lots of freedom and good work/life balance when you're not on the road, job security with good benefits like PTO.

    Cons

    Below market monetary compensation, intense and inglorious travel schedules for a short-handed staff, lumbering slow-moving bureaucracy with little agency as everything must be vetted extensively, and a very insular management disconnected from staff. Decisions are often surprises without explanation, and some managers seem too preoccupied to become familiar with the staff they supervise. You are often thrown out on your own and it's up to you to stay above water as opposed to under the bus.

    Advice to ManagementAdvice

    Hire more, pay more, empower more, explain more, and train more.

    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    easy job, great work life balance, great networking opportunities with industry players

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Deputy in Charlotte, NC
    Former Employee - Deputy in Charlotte, NC

    I worked at Federal Reserve Bank of Richmond

    Pros

    - easy hours in bank supervision, virtually no stress
    - between your PTO and flex-Fridays you get almost 50 days off a year
    - low pressure environment, all deadlines are blown away with no consequences
    - secure job, there is virtually no history of involuntary terminations
    - subsidized health care (really cheap)
    - above normal retirement benefits
    - Nice place to park your life until retirement

    Cons

    - pay is significantly lower than industry.
    - performance reward system leads to mediocrity
    - no management skills required for leadership positions
    - this is an organization that is afraid of changing
    - code of conduct and ethics breaches are not taken seriously especially post-employment restrictions in supervised institutions
    - no diversity outside brainless jobs
    - antiquated technology and processes

    Advice to ManagementAdvice

    Keep up the good benefits. Try to do more on the ethics front or at least pretend that you care.

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

Work at Federal Reserve Bank of Richmond? Share Your Experiences

Federal Reserve Bank of Richmond

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.