Fhlb New York Reviews

Updated June 16, 2014
Updated June 16, 2014
10 Reviews
3.0
10 Reviews
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Alfred A. DelliBovi
6 Ratings

Employee Reviews

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  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 (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
  3.  

    Manager

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

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

    Pros

    Thought it would be a great mission oriented place to work at.

    Cons

    Turned out to be the most toxic environment to work at. Sr. Management would walk around trying to motivate people by threatening to fire them. A hostile work environment was encouraged there.

    Advice to ManagementAdvice

    Try building a compassionate work environment.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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  5.  

    Intern............

    Former Employee - Intern in New York, NY
    Former Employee - Intern in New York, NY

    I worked at Fhlb New York part-time (less than an year)

    Pros

    location, workload, building was nice, free meals

    Cons

    supervisors attitude, pay was not high

  6.  

    A good place to work

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

    I have been working at Fhlb New York full-time (more than 10 years)

    Pros

    Good balance between work and personal life. Good benefits, including a defined benefit retirement plan in addition to a 401K. Location is convenient to public transportation. Training is available when needed.

    Cons

    Advancement tends to come slowly, and the process is too political. The board of directors doesn't seem to value the employees, viewing them as an expense to be minimized.

    Advice to ManagementAdvice

    Stop the turf wars and play nice!

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Everything moves in slow motion

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

    I worked at Fhlb New York full-time (more than 3 years)

    Pros

    Great benefits including a pension plan
    Low stress environment
    Flexibility to work from home

    Cons

    This is a great place to work if you have no ambition to advance your career and you just want to ride it out and wait to retire. There are many people in management that are waiting to retire and have given up completely on getting anything done. This is understandable since they have been at the Bank for 20+ years and are worn out. However, it presents a real challenge if you happen to work for one of these “checked-out” managers. If you don’t want to become outdated you can’t stay at this organization for more that 2 – 3 years. Also, for an organization that has less than 300 employees, the politics are ridiculous. The politics at the Bank prevent anything from getting done.

    Advice to ManagementAdvice

    Look for individuals that have real leadership qualities and promote them. Stop tolerating the politics and apathy from management. Get off of outdated technology.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Friendly people and nice environment

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

    I have been working at Fhlb New York as an intern (less than an year)

    Pros

    nice co-workers
    pretty chill
    fun place to work at

    Cons

    more training necessary
    intern project can be somewhat confusing

    Advice to ManagementAdvice

    Help people who are not in the finance field to understand the bank's purpose.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Satisfactory

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

    I have been working at Fhlb New York

    Pros

    Strong and successful GSA and great organization to work for.

    Cons

    The bonus compensation for professional non-officer staff is not as generous as for the officer staff. Also opportunities for growth is sometimes difficult.

    Advice to ManagementAdvice

    More acknowledgement and programs should be developed to allow for more success.

    Approves of CEO
  10.  

    IT Intern

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Fhlb New York

    Pros

    - Worked directly with the VP of the department.
    - My boss was readily accessible for a VP.
    - Worked on a project as a rising college sophomore that was potentially going to be used internally within the company

    Cons

    - I did not have people I worked with outside of my boss, so if I was stuck with something and my boss was not around, I basically did nothing until he returned.

  11. 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

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