31 Employee Reviews (View Most Recent)

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This company is a good option for a long term IT career.

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

I have been working at Federal Reserve Bank of Richmond full-time for more than 10 years

Pros

The company's positions offer job security, a comfortable work environment with current office technology, a complete suite of benefits including a retirement plan, and many opportunities for career growth throughout the Federal Reserve System.

Cons

The internal business processes need to be developed more. This is the same problem as at most companies.

Advice to ManagementAdvice

Management needs to invest time in developing more effective and efficient internal business processes.

Recommends
Positive Outlook

Other Reviews for Federal Reserve Bank of Richmond

  1. 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 for 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
  2. 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 for 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
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