Working at Federal Reserve Bank of Atlanta | Glassdoor

Federal Reserve Bank of Atlanta Overview

Atlanta, GA
1001 to 5000 employees
1914
Company - Private
Finance
$5 to $10 billion (USD) per year

Working at Federal Reserve Bank of Atlanta

The Federal Reserve Bank of Atlanta is one of 12 regional Reserve Banks that, along with the Board of Governors, make up the Federal Reserve System. The Atlanta Fed, as we're commonly known, covers the Sixth Federal Reserve District, which includes Alabama ... Read more

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Federal Reserve Bank of Atlanta – Why Work For Us?


Federal Reserve Bank of Atlanta

The Federal Reserve Bank of Atlanta is part of the central bank of the United States. The Federal Reserve System — the Fed, as it is often called — consists of twelve Reserve Banks located around the country and the Board of Governors in Washington, D.C. 
The Atlanta Fed territory covers the Sixth Federal Reserve District, which includes Alabama, Florida, Georgia, portions of Louisiana, Mississippi and Tennessee. 

The Atlanta Fed and the other Reserve Banks play an important part in all three of the Fed's functions: 

•Monetary policy 
•Bank supervision and regulation 
•Operation of a nationwide payment system

The Office of Minority and Women Inclusion (OMWI) helps the Atlanta Fed foster a culture of inclusion and a work environment that leverages diverse perspectives, ideas, and approaches to solving important business problems. We are able to achieve this culture by working collaboratively with business-line leaders and staff members across the organization, reaching out to our constituents, and developing community partnerships. We recognize the positive impact these collaborative efforts have on employee engagement, on the Bank's reputation within our communities, and on our organization's overall performance. 

The Diversity Advisory Council (DAC) works in partnership with the OMWI in an advisory capacity and to implement and support the Atlanta Fed’s diversity and inclusion initiatives. Established in 2001, the DAC is an employee-led group composed of diverse staff across the organization. Through the work of these diverse staff, the DAC is involved in efforts ranging from educational programs on diversity and inclusion to outreach efforts that promote the Atlanta Fed’s corporate citizenship and reputation as an inclusive employer within the communities we serve.

In addition to the DAC, we currently have five Employee Resource Networks (ERNs) in place to build business value for the Atlanta Fed. These networks are a valuable component of the Bank's diversity strategy. An ERN is a voluntary, employee-led group that the Atlanta Fed endorses. It is formed around shared characteristics or professional interests for the purpose of supporting diversity and inclusion and other strategic initiatives. Employees create these groups organically and establish them based on their interests.

The Atlanta Fed welcomes and supports employees’ participation in these groups, which are open to all employees.

Our current ERNs include:

  • BUILD (Blacks United in Leadership Development)
  • EAGLE (Equality Alliance for Gay and Lesbian Employees and Allies)
  • GPS (Generations Promoting Success)
  • Idea Network (promotes technology, innovation, and creativity)
  • WISE (Women Inspiring Success and Empowerment)

The DAC along with the ERNs provide employees at the Atlanta Fed opportunities for:

  • Volunteering; developing and enhancing their careers
  • Gathering and distributing diversity information
  • Interacting with senior leaders within the organization
  • Building cultural awareness through shared knowledge and support

 

DiversityInc

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The Atlanta Fed is honored to be named among the Top Ten Regional Companies for Diversity, ranking ninth on the 2014 list. DiversityInc is one of the nation's leading sources on diversity management.

The annual ranking is derived from corporate survey submissions, which are used to evaluate public and private companies in four areas of diversity management: talent pipeline, equitable talent development, CEO/leadership commitment, and supplier diversity.

This is the Bank's first year participating in the survey. The Atlanta Fed's spot on the list reflects the Bank's long-standing efforts to create an inclusive workplace, attract and retain a diverse staff, and foster supplier diversity.



 

The Federal Reserve Bank of Atlanta is one of 12 regional Reserve Banks that, along with the Board of Governors, make up the Federal Reserve System.

The Atlanta Fed, as we're commonly known, covers the Sixth Federal Reserve District, which includes Alabama, Florida, and Georgia, and parts of Louisiana, Mississippi, and Tennessee. As part of the Federal Reserve System, the Atlanta Fed helps regulate and supervise financial institutions, set monetary policy, and operate the nation's payments systems.

The Atlanta Fed offers career opportunities that allow you to make a difference in our nation's economic well-being.

As a member of the Atlanta Fed team:

  • You receive competitive benefits and salary.
  • You have professional development opportunities.
  • Your skills are valued.
  • You work in a culture of excellence that values diversity, inclusion, and a healthy work-life balance.

Our commitment to diversity
The Federal Reserve Bank of Atlanta fosters a culture of inclusion in thought and practice and a workplace where each employee feels valued and respected for their contributions. We value our diversity, considering it to be a competitive asset, and cultivate different perspectives, fresh ideas, and relationships. The Atlanta Fed evaluates all managers on their competence in managing diverse teams and practicing inclusion in achieving objectives. All staff members receive training in embracing diversity and inclusion in the workplace.

Our commitment to equal opportunity employment

It is the policy of the Federal Reserve Bank of Atlanta to seek and employ qualified personnel and to provide those employed both equal treatment and equal opportunity for advancement. Accordingly, the Bank will make all its employment decisions (including recruiting, hiring, promotion, compensation, evaluation, training, transfer, disciplinary action, and termination) without regard to

  • Age
  • Race
  • Color
  • Sex
  • Religion
  • Physical or mental disability
  • Covered veteran or uniformed service status
  • Pregnancy
  • National origin
  • Genetic information
  • Sexual orientation
  • Gender identity

The Bank will make reasonable accommodations for qualified persons with known disabilities unless doing so would result in an undue hardship. In addition, Bank-sponsored activities shall be available to all employees without unlawful discrimination.

Our commitment to the environment
The Federal Reserve Bank of Atlanta is a committed corporate citizen, participating in business, academic, and community activities consistent with our purpose and benefiting our district, our staff, and the public. The Atlanta Fed strives to reduce the environmental impact of district operations through many different avenues. Employee engagement is crucial to this effort, through our staff-led Green Team, district-wide FedGreen education events, recycling programs, and other initiatives.

All Atlanta Fed buildings have robust sustainability programs and have been recognized by third-party organizations for their environmental sustainability efforts. These recognitions include Leadership in Energy and Environmental Design (LEED) Existing Buildings Gold certification and Energy Star certification for the Atlanta building. In addition, all Atlanta Fed branches and Atlanta headquarters have received BOMA360 certification for meeting specific standards for building operations and management.

Additional Benefits at the Atlanta Fed

In addition to benefits offered to all employees of the Federal Reserve System, Atlanta Fed employees have additional benefits specific to our District. These include:

Medical/dental plans

Atlanta Fed staff are eligible for coverage in one of four medical plans beginning the first of the month following date of hire. All medical plan premium deductions will be taken on a pre-tax basis. 

Medical insurance options are as follows:

  • United Healthcare Premier Plus PPO
  • Blue Cross/Blue Shield Premier PPO
  • Blue Cross/Blue Shield Standard PPO
  • Kaiser HMO

Employees can also choose between three dental plan options offered through Cigna Dental:

  • Standard PPO
  • Premier PPO
  • DHMO

Bank staff are also offered the option to contribute to a flexible spending account. Accounts afford pre-tax dollars to pay for items like daycare, medical/dental deductibles, copayments, and other eligible health, dental, and vision expenses not covered under health care accounts.

Adoption

The Bank's Adoption Assistance Plan will reimburse employees up to a maximum of $5,000 for certain expenses incurred in conjunction with the adoption of a child. All regular full-time employees who have completed one year of service are eligible for this benefit.

Domestic Partner Coverage

Qualified domestic partners are covered under medical, dental, vision insurance, personal accident insurance, group life insurance, family and medical leave, and bereavement leave. To apply for this benefit, employees must complete a declaration of domestic partnership.

Paid holidays

The Federal Reserve recognizes the importance of providing time for rest, recreation, and personal activities, which is why employees receive 10 paid holidays each year. Holidays are:

  • New Year's Day
  • Labor Day
  • Martin Luther King Day
  • Columbus Day
  • Presidents Day
  • Veterans Day
  • Memorial Day
  • Thanksgiving Day
  • Independence Day
  • Christmas Day

Time off

Paid time off (PTO) policy includes all annual compensated time off except for holidays, bereavement, military duty, jury duty, and absences of an extended duration due to personal illness. Employees may utilize their PTO leave for any purpose they choose, including short-term personal or family illness or any other personal use.

Non-exempt staff earn one and a half days per month up to a maximum of 17 days their first year of service. Exempt staff earn two days per month up to a maximum of 20 days their first year of service. PTO may not be taken until it it earned.

Education assistance

The Bank provides reimbursement to employees for approved educational expenses. The program covers individual classes, certificate programs, and degree programs on undergraduate and graduate levels. The classes must be held at accredited institutions during nonworking hours. The Bank will reimburse for grades of C or above.

Parking/transit benefits

Free parking is available in the Bank garage for all officers and other employees on a seniority basis. On evening and weekends, parking is available to all employees on a first-come, first-served basis.

For those employees using mass transportation to commute to work, the Bank offers a commuter subsidy program (FREE RIDE). The FREE RIDE Commuter Subsidy Program pays 100 percent of an employee's mass transit cost up to the allowable $120 IRS maximum.

Wellness programs/fitness center

The Bank offers ongoing wellness programs. The Atlanta office has a very well-appointed gym where fitness classes are conducted.

Cafeteria subsidy

The Bank subsidizes a significant portion of cafeteria operating costs. Employees are afforded what is generally a lower-cost eating option than commercial eateries offer.

Employee Assistance Program (EAP)

Administered by ComPsych, the EAP is available to all employees and their households. EAP provides confidential consultation to assist with a variety of problems, such as domestic or emotional, financial difficulties, alcoholism, or other chemical dependencies. All counseling sessions are conducted by clinically trained professionals at a various locations throughout the District and all services are prepaid by the Bank.

Federal Reserve Bank of Atlanta Reviews

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  • "Bank Examiner"

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    • Work/Life Balance
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    Current Employee - Anonymous Employee in Atlanta, GA
    Current Employee - Anonymous Employee in Atlanta, GA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Federal Reserve Bank of Atlanta full-time (More than 5 years)

    Pros

    Great Work life balance here.

    Cons

    None to think of at this time.

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Federal Reserve Bank of Atlanta Photos

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Federal Reserve Bank of Atlanta Interviews

Experience

Experience
66%
27%
5%

Getting an Interview

Getting an Interview
87%
6%
6%

Difficulty

3.1
Average

Difficulty

Hard
Average
Easy
  1.  

    Public Affairs Manager Interview

    Anonymous Employee in Atlanta, GA
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied online. The process took 2+ months. I interviewed at Federal Reserve Bank of Atlanta (Atlanta, GA) in December 2016.

    Interview

    The interview process was lengthy, but thorough. It was evident from the beginning they were making sure they found a good fit for the company. I had an initial call with a recruiter, then a one-on-one with the hiring manager, a videoconferencing interview with a panel and then finally a face-to-face interview with the department's vice presidents.

    Interview Questions

    • How have you dealt with individuals or groups that have been less than willing to work with you?   Answer Question
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Federal Reserve Bank of Atlanta Awards & Accolades

  • Top 10 Regional Companies, DiversityInc, 2015
  • Best Places to Work - Corporate Equality Index, Human Rights Campaign Foundation, 2015
  • Best Places to Work for LGBT Equality (Banking and Financial Services), Human Rights Campaign Foundation, 2015
  • Top 10 Regional Companies, DiversityInc, 2014
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Federal Reserve Bank of Atlanta Locations

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