National Futures Association

  www.nfa.futures.org
  www.nfa.futures.org

National Futures Association Reviews

Updated November 25, 2014
Updated November 25, 2014
21 Reviews
3.2
21 Reviews
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National Futures Association President & CEO Daniel J. Roth
Daniel J. Roth
10 Ratings

Employee Reviews

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  1.  

    Def not your best career choice

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

    I worked at National Futures Association full-time (less than an year)

    Pros

    When they allow to use it, flex time is part of benefits package

    Cons

    swaps dept has poor, out of touch management, low salary, they pay experienced professionals nearly the same as they pay recent college grads, very political, nickle & dime every benefit, they give you a fixed dollar amount which is reduced at their whim to buy benefits from the nfa that they negotiate with third-party vendors causing you to be out-of-pocket from your net pay, they offer flex days but constantly threaten to take away flex days due to their poor management & lack of organizational skills, high attrition rate at about 30%, low morale, clueless managers, examination team members may have to pay for their own hotel since Travel policy is out of touch with reality.

    Advice to ManagementAdvice

    Stop being so cheap with your staff that does all of the work, allow staff to review mamagers, change your travel policy for examinations team

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Good Entry Level Opportunity

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

    I have been working at National Futures Association full-time

    Pros

    Good company to start your career. They offer excellent training and experience staff is always willing to help new employees.

    Cons

    Traveling has increased significantly during the past 10 months. Once people gain experience and get assigned more challenging work, will probably need to work extra hours and work from home.

    Doesn't Recommend
  3.  

    Great entry level job, but not a place to make your career.

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

    I have been working at National Futures Association full-time

    Pros

    NFA, the NY office in particular, is a great place to develop a solid understanding of the swaps industry. NFA has an excellent work-life balance and provides its employees with great benefits and training.

    Cons

    Salaries are low for the industry and most employees do not get bonuses, and there is clearly some favoritism regarding promotions. In addition, the decision-makers are too far removed from the every day work to see which employees actually work hard and are the backbone of the department, and those that are lazy, produce low quality work and merely suck up to the decision-makers. There is no accountability for those that pass off their work to others, and no incentives for the best employees to stay there given the problem with promotions and a lack of a merit-based system.

    Advice to ManagementAdvice

    NFA needs a change in mid-level leadership as evidenced by NFA's high turnover rate. Someone new needs to be in charge of the staff to ensure that lazy employees are removed and hardworking employees are promoted and retained. There are people in supervisory positions that really should not be supervisors.

    Recommends
    Negative Outlook
    Approves of CEO
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  5.  

    Recommend

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

    I have been working at National Futures Association full-time (more than an year)

    Pros

    Great quality of life and growth opportunities.

    Cons

    Employees tend to feel under-valued.

    Advice to ManagementAdvice

    Stop hiring idiots.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Good starting point, but not at all challenging

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

    I have been working at National Futures Association full-time (less than an year)

    Pros

    Great people (for the most part), culture is to respect everyone and to be pleasent. Its a family friendly environment that values work life balance. No one judges here if you dont know something you should, or if you mess up. Easy going environment, so its up to the employee to make the most of it.

    Cons

    Promotions seem random. Compensation is very low.

    Advice to ManagementAdvice

    Start giving challenging work and promotions to people that are more educated and that produce quality work product; rather just based on seniority.

    Recommends
    Neutral Outlook
  7.  

    Great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Compliance Examiner II in Chicago, IL
    Current Employee - Compliance Examiner II in Chicago, IL

    I have been working at National Futures Association full-time (less than an year)

    Pros

    Positive environment, decent benefits, solid training, and a perfect work-life balance.

    Cons

    Salaries are relatively low for the industry

    Advice to ManagementAdvice

    Keep doing what you're doing

    Recommends
    Positive Outlook
    Approves of CEO
  8. 1 person found this helpful  

    Option of last resort

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

    I worked at National Futures Association full-time (more than an year)

    Pros

    The work/life balance is better than in most corporate environments. This environment is best for recent college grads or if you have absolutely no other alternative.

    Cons

    It is a lackluster management structure. There are managers who do not have any skill to manage people or the process. The organization itself has 2 products - one for derivatives and one for futures. Although these products are not interchangeable, the NFA treats them as if they are because they continue to hire and promote individuals as if knowledge of one product gives you aptitude in the other. If you are an experienced worker, you should pass on NFA because you will have to dumb down on a daily basis in order to survive. It is an extremely political environment with management faves given promotions that are not based on merit.

    Advice to ManagementAdvice

    Pay attention to ALL voices at the NFA. Do not just listen to voices that tell you what you want to hear.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    Great Beginnings

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

    I have been working at National Futures Association

    Pros

    Great place to start your career. Family feel. Excellent opps to learn. AMAZING co-workers!

    Cons

    Work could be more challenging

    Advice to ManagementAdvice

    Good Job!

    Recommends
    Positive Outlook
    Approves of CEO
  10. 2 people found this helpful  

    Comfortable for the complacent, smothering for the ambitious, dangerous for future development

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager in Chicago, IL
    Former Employee - Manager in Chicago, IL

    I worked at National Futures Association full-time (more than an year)

    Pros

    If you absolutely love "work-life-balance" and don't care to grow or learn as fast as you can, this is the place to be. People spend good amount of time planning for their vacation days, sporting events and personal affair during working hours. The hours, salary, stability and compensation packages allow you to feel truly relaxed and settled.

    Cons

    Caveat: After working here long enough, you most likely will lose the mojo/edge to compete in private sectors. For kids fresh out of school, this place gives you a false illusion of the real world. You get information here (a lot), you don't quite develop expertise(there are rarely any experts around). Since this is a quasi-government agency, the monopoly position really doesn't provide any incentive for the organization to grow or try new things. Senior managements care more about politics and keeping peaceful facade than making progress. Understandably, meeting status quo is sufficient to look good. Want to find even more "relaxing" place, try CFTC.

    Advice to ManagementAdvice

    You are doing what you do best already, to look good and keep looking good. Who give a damn about average American consumers? Please make sure Peregrine case doesn't happen too often. At the current pace, it's only a matter of time since the organization doesn't have the culture to obtain or keep the necessary talents to protect the customers.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11.  

    Great place for new college grads

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager in Chicago, IL
    Former Employee - Manager in Chicago, IL

    I worked at National Futures Association full-time (more than 5 years)

    Pros

    Travel, flex time, challenging work

    Cons

    You can hit a career wall once you become a manager in the compliance department

    Recommends
    No opinion of CEO

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