Fhlb New York Reviews

I have been working at Fhlb New York full-time for 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 Senior Management – Stop the turf wars and play nice!

Yes, I would recommend this company to a friend

I worked at Fhlb New York full-time for 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 If you don’t want to become outdated you can’t stay at this organization for more that 2 – 3 years.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 Senior Management – Look for individuals that have real leadership qualities and promote them. Stop tolerating the politics and apathy from management. Get off of outdated technology.

No, I would not recommend this company to a friend

I have been working at Fhlb New York as an intern for less than a year

Pros – nice co-workers
pretty chill
fun place to work at

Cons – more training necessary
intern project can be somewhat confusing

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

Yes, I would recommend this company to a friend

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

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.

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 Senior Management – 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!

No, I would not recommend this company to a friend