Union Bank N.A. Reviews

Updated March 11, 2015
36 reviews filtered by
  • Los Angeles, CA
  • Any Job Title
2.7
36 Reviews
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Union Bank N.A. President & CEO Masashi Oka
Masashi Oka
130 Ratings

36 Employee Reviews

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  1. Intern Program

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Anonymous Intern in Los Angeles, CA
    Former Intern - Anonymous Intern in Los Angeles, CA

    I worked at Union Bank N.A. as an intern (less than a year)

    Pros

    Relaxed environment with very friendly people. The job isn't too difficult and people are very helpful if you do have any questions.

    Cons

    Not a very challenging program. There was a definite lack of communication across the various departments especially during the takeover by MUFG.

    Recommends
    Neutral Outlook
  2. Aggressive Growth for Company, Tremendously Stressful for Employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Human Resources in Los Angeles, CA
    Former Employee - Human Resources in Los Angeles, CA

    I worked at Union Bank N.A.

    Pros

    They invest in the employees they are interested in growing.

    Cons

    Company has been in constant flux/growth. While this may be a good thing in this current economic environment, it also causes a feeling of instability for employees, as it has caused many internal changes (lay-offs). Not all departments invest in their employees; some of upper management is too busy being focused on their own personal growth or lack of, as well as looking over their shoulder fearful of what the next growth spurt will mean for their position.

    Advice to ManagementAdvice

    Focus on investing in your employees and being transparent with them. They are the reason you are a successful business.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. Strong conservative bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Los Angeles, CA
    Current Employee - Vice President in Los Angeles, CA

    I have been working at Union Bank N.A. full-time (more than 5 years)

    Pros

    Most employees have a balanced home / work life. Except IT. They work long ridiculous hours. But at least they get paid well.

    Cons

    Bank is very conservative and beauracratic. Don't expect innovation. IT bogs down the entire bank.

    Recommends
    Positive Outlook
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  5. 1 person found this helpful

    Commercial / Business Banking: This company is a nursing home for people that do not want to progress.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Los Angeles, CA
    Current Employee - Vice President in Los Angeles, CA

    I have been working at Union Bank N.A. full-time

    Pros

    The company has very nice coworkers, often time passive-aggressive, but then you will never get into a full on argument. Pay is better than industry's average. Good benefit packages. Relax schedule. If you don't want to move up and are looking for a wor-Kation, this is the place.

    Cons

    Product: Very backward.

    Credit policy is set based on mortgage guidelines. Lack of creativity, when there are excellent clients that do not fit all 5 boxes, the credit team will have auto declines, which makes absolutely no sense. Pricing is not competitive. So when there is a prime deal, Wells Fargo, Chase et al will gobble up the deal. The underwriting teams used to do personal / retail mortgage and have absolutely no idea of basic accounting and C&I underwriting guidelines. Perhaps they should freshen up on basic accounting / credit courses.

    Cash management: Still using technology from last decade. No one knows what they do except for reorganizing their teams on a continuous basis and pretending to be busy.

    Communication: Unclear / Confusing

    People need to be "friends" with certain groups to find out whats going on with various groups/partners.

    Culture: Passive Aggressive. Often times my group becomes the scapegoats of other groups failures. They won't tell you why but they stab you in the back with smiles.

    Goals: Unrealistic

    Upper management wants to be top 10 bank in the U.S. So, they will set unrealistic goals and trickle down to worker bees. In turn, many people leave because it is unrealistic and the vicious cycle continues. Therefore, the bank has slowly becomes the laughing stock of the industry.

    Technology: Prehistoric

    DOS base software (I don't even know what DOS is). Which means no transparency, that causes duplicated efforts and internal territorial fighting.

    Operations: Less than sub-par

    When there are deadlines, and the ops quote you 5 days of SLAs, the turn around time is NEVER 5 days.

    Advice to ManagementAdvice

    Not sure management knows how to manage, maybe take some management courses. Or maybe just stick it something that they are good at.

    Negative Outlook
  6. 7 people found this helpful

    Very favorable to the extent that I feel I may have made a mistake in switching jobs.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Vice President in Los Angeles, CA
    Former Employee - Senior Vice President in Los Angeles, CA

    I worked at Union Bank N.A. full-time (more than 5 years)

    Pros

    Security - Union has been careful about its acquisitions and entries into new markets. They are a stable, long term employer.
    Competitiveness within the marketplace - Union is able to price their products to be competitive as well as conservative to attract the best customers

    Cons

    Like many large organizations, Union Bank is highly structured. Decisions are hard to come by some of the time. It would be more efficient to delegate more authority to line units.

    While the ownership is substantial it sometimes feels disconnected. I have worked for another foreign owned institution and noticed the same element.

    Advice to ManagementAdvice

    Stay in tune with market salaries. There is a benefit to the stability of employment but the bank has lost a lot of young talent because of salaries. Better communication between executive management and management as well as management and staff. Again, this problem is typical especially in large financial institutions, but any progress will pay off.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful

    Good company to work for with opportunity for career growth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President, Finance in Los Angeles, CA
    Current Employee - Vice President, Finance in Los Angeles, CA

    I have been working at Union Bank N.A. full-time (more than 8 years)

    Pros

    Great company to work for if you looking for career growth and lots of change. Depending on your position and manager, you may have flexible work options including telecommuting. The bank has a strong leadership team and they communicate regularly to all employees on company-wide conference calls. There is 401(k) matching, educational reimbursements, participation in WageWorks, and the cost of the medical benefits feels to be on par with other banks. There is a good internal career site that is updated frequently and a published list of bankwide guidelines that help create a common basis for performance reviews.

    Cons

    Although there is currently many career growth opportunities within the company, company policy limits how much your salary can increase per pay grade preventing internal candidates to fully realize the market rates for their skill sets. This creates frictional unemployment and causes an outflow of talented people. Also, 401(k) matching could greater to be on par with other financial institutions.

    Advice to ManagementAdvice

    I think we would like more opportunities to meet and hear career stories from upper management, even if its in a large group setting.

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

    UnionBanc Investment Services is AWFUL!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President in Los Angeles, CA
    Former Employee - Assistant Vice President in Los Angeles, CA

    I worked at Union Bank N.A. full-time (more than a year)

    Pros

    benefits are great...that's why most people stay
    work life balance is good too

    Cons

    You will do GREAT in the accounting department if you speak Tagalog, don't think outside the box, prefer legacy procedures, only care to stay for the benefits, lack interest for improved efficiencies, lack computer skills. You don't even have to have a college degree to work for UBIS! Their bonus structure is horrible. They prefer referrals.

    Advice to ManagementAdvice

    Management is reactive NOT proactive

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 1 person found this helpful

    Good job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President, Ops Risk Analyst in Los Angeles, CA
    Former Employee - Assistant Vice President, Ops Risk Analyst in Los Angeles, CA

    I worked at Union Bank N.A. full-time (more than a year)

    Pros

    Benefits are strong and compatable

    Cons

    Politics are everywehre and too much of red tape

    Advice to ManagementAdvice

    It's about time to realize we are in the 21st century now.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 4 people found this helpful

    Look somewhere else

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Los Angeles, CA
    Current Employee - Vice President in Los Angeles, CA

    I have been working at Union Bank N.A. full-time (more than a year)

    Pros

    Job Stability ...you really have to be dumb enough to get fired from Union Bank.

    Cons

    Most of the people in the marketing organization are pretty lame. They are there either because of politics or because they don't want to do much in their career. If you are ambitious, wants to grow fast and learn, look for some other organization. If you want to work in an organization which pays decent but where most of the people are not smart enough, then its the place to be in.

    Advice to ManagementAdvice

    Go and work for few months in a start-up and learn how they should run an organization. The bank is not changing fast enough to handle changing customer preferences. They are not a leader but rather a follower.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 2 people found this helpful

    slow, painful, mismanaged

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Engineer in Los Angeles, CA
    Former Employee - Software Engineer in Los Angeles, CA

    I worked at Union Bank N.A. full-time (more than 10 years)

    Pros

    Great people who care about their customers

    Cons

    Management that does not care

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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