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

10 Other Employee Reviews for Fhlb New York (View Most Recent)

Sort: Rating Date
  1.  

    Good

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

    I have been working at Fhlb New York full-time for more than 3 years

    Pros

    Work/life balance is great. Great benefits

    Cons

    simple business model leads to limited mobility

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Smart people, culture in need of change

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

    I worked at Fhlb New York full-time

    Pros

    Certain managers were very supportive

    Cons

    Pay was not competitive for the New York market, HR does not offer much value or support with regards to career planning

    Advice to ManagementAdvice

    Change culture, make it exciting for younger workers to be there, offer more money

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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