OneWest Bank

  www.owb.com
  www.owb.com
There are newer employer reviews for OneWest Bank

1 person found this helpful  

Atmosphere of Fear

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

I have been working at OneWest Bank

Pros

Well educated and skilled co-workers.

Cons

Little or no communication from management. Pervasive feeling that everyone's afraid of something and waiting for the worst. Little knowledge by many in management of how things are to work or even understanding what subordinates do on a daily basis. Constant changes to completed assignments, (completing the project/analysis, only to have someone in a senior position decide that it's not what they wanted after all, and basically starting the entire project over again). Obscene number of official processes and formatting requirements with no communication to employees about what those processes are or that they even exist.

Advice to ManagementAdvice

Hire someone to manage the internal processes, training and communications within the Bank - a Chief Operations-type Person. All managers should be trained on bank processes before allowing them to manage, and appropriate internal process manuals developed, explained and provided to all employees. Communicate with your employees individually - by something other than email and department meetings - one on ones can be good.

Doesn't Recommend
Approves of CEO

102 Other Employee Reviews for OneWest Bank (View Most Recent)

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  1.  

    They were the nail in our coffin

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Freedom Employee - Wholly Owned Subsidiary of One West Bank
    Former Employee - Financial Freedom Employee - Wholly Owned Subsidiary of One West Bank

    I worked at OneWest Bank

    Pros

    They didn't interfere with how Financial Freedom was doing business for the most part.

    Cons

    As soon as they purchased us from the failed IndyMac bank they closed our West Coast ops center and we lost a huge amount of business as a result. They failed to acknowledge or communicate with our division after the purchase or at any time up until they closed us down. They took the holdest and highest profile reverse mortgage company in the industry and made it disappear.

    Advice to ManagementAdvice

    I realize that we were not a part of your master plan, but at least acknowledge our presence. Our company could have continued to be profitable and I don't understand your lack of vision to allow that to happen.

  2.  

    work with a lot of smart people

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

    I have been working at OneWest Bank

    Pros

    there is always a lot of change going on keeping things fresh

    Cons

    tight timelines for all projects and spending is limited.

    Recommends
    Approves of CEO
There are newer employer reviews for OneWest Bank

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