Working at Promontory Interfinancial Network | Glassdoor

Promontory Interfinancial Network Overview

Arlington, VA
51 to 200 employees
2002
Company - Private
Finance
Unknown / Non-Applicable

Promontory Interfinancial Network – Why Work For Us?


Promontory Interfinancial Network was founded in 2002. Over the past decade, the company has built strong relationships with thousands of financial institutions across the nation. Today, it offers unique services that bring Network members and other key constituents together in a way that helps each to benefit from "the power of many" – enabling them to offer services that otherwise might be too difficult or too costly to offer on their own.

Promontory is the leading provider of FDIC-insured deposit placement services. It offers ICS®CDARS®Bank Assetpoint®Residential Mortgage NetworkIND®, and Yankee Sweep® services that enable banks and other financial institutions to

  • build loyal, large-dollar relationships by offering access to multi-million-dollar FDIC insurance;
  • replace higher-cost funding and/or repurpose collateral
  • manage liquidity; and
  • connect with buyers and sellers of bank assets.

undefinedEugene A. Ludwig is Chairman of Promontory Interfinancial Network, and former US Comptroller of the Currency. He also is the Chief Executive Officer of Promontory Group, a suite of companies offering products and services to assist banks and other financial businesses. He is the CEO of Promontory Financial Group and Chairman of Promontory Asset Finance Company.

Prior to cofounding Promontory, Mr. Ludwig served as Vice Chairman and Senior Control Officer of Bankers Trust/Deutsche Bank. In this role he was responsible for legal, credit, risk management, and compliance activities, as well as regulatory and legislative affairs. As the head of the Office of the Comptroller of the Currency, Mr. Ludwig oversaw the federal agency responsible for supervising federally chartered commercial banks and federal branches and agencies of foreign banks. In this role, Mr. Ludwig spearheaded efforts to modernize the banking industry.



undefined Dr. Alan S. Blinder is the Vice Chairman of Promontory Interfinancial Network. He  is also the Gordon S. Rentschler Memorial Professor of Economics and Public  Affairs at Princeton University and Codirector of Princeton’s Center for Economic  Policy Studies.

 Formerly, he was the Vice Chairman of the Board of Governors of the Federal  Reserve System. Prior to that, Dr. Blinder served as a member of President Clinton’s original Council of Economic Advisers. He was also an economic advisor to Al Gore and John Kerry.

Dr. Blinder is the author or coauthor of 17 books, including the textbook, Economics: Principles and Policy (with William J. Baumol), now in its 12th edition. Dr. Blinder is regularly quoted in leading business publications, includingThe Wall Street Journal and Business Week, and his writings have appeared in journals and newspapers around the world. He has written scores of scholarly articles on such topics as fiscal policy, monetary policy, and the distribution of income. He is a columnist for The New York Times Sunday business section and appears frequently on PBSCNBCCNNBloomberg TV, and elsewhere.



undefinedMark P. Jacobsen is President & Chief Executive Officer of Promontory Interfinancial Network. Prior to cofounding Promontory Interfinancial Network, Mr. Jacobsen served as the Chief of Staff at both the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency. He also served as a managing director for Bankers Trust/Deutsche Bank and as an associate at Covington & Burling.

Mr. Jacobsen received his JD from Harvard University Law School and his BS in Physics from Wheaton College of Illinois.



undefined Alfred H. Moses is Vice Chairman of Promontory Interfinancial Network. Mr.  Moses was Senior Partner and Chief Strategy Officer at Promontory Financial  Group until March 2015. He was a partner at Covington & Burling, and now  serves as Senior Counsel there. He brings experience in the areas of litigation,  corporate and securities matters, and arbitration to the executive leadership  team.

In September 1999, he was appointed by President Clinton as his Special Presidential Emissary for the Cyprus Problem. He served as U.S. Ambassador to Romania (1994-97) and as Special Advisor and Special Counsel to President Jimmy Carter (1980-81).

We are Promontory Interfinancial Network, a company that has been providing innovative solutions to financial institutions since 2002. Promontory's services include CDARS®, ICS®, IND®, Bank Assetpoint®, Residential Mortgage Network®, and Yankee Sweep®. Banks, broker-dealers, and other financial institutions use Promontory services to build customer relationships, bring in short-term or long-term funding, reduce collateralization, burdens, and buy or sell assets. Headquartered in Arlington, Virginia, Promontory supports a network of  approximately 3,000 members participating financial institutions, including one-third of the banks in the United States. Promontory's services have been recognized in hundreds of publications nationwide, including The Wall Street JournalCBS MarketWatch, and Money.

undefinedAt Promontory Interfinancial Network, LLC, we are looking for bright, talented professionals who seek challenging and rewarding careers. Our services have already transformed key aspects of the financial services industry, and we continue to develop new real-world solutions for use by financial institutions in addressing the foremost concerns of their customers, including, (above all) the safety of customer investments. Every day, the success of our business depends on our people to deliver high-quality, dependable performance in support of the nearly  3,000 financial institutions that are members of the Promontory Network. Our hiring decisions reflect high standards across all divisions of our company, including customer service, information technology, legal, marketing, sales, and general administration.

  Why Join Us

At Promontory Interfinancial Network, you can have a great career and a great life. We combine the attractive traits of a smaller company (e.g., a fast-paced, entrepreneurial, and collegial environment where “the sky’s the limit”) with the sought-after resources and funding of a much larger company. We are a profitable business with an inclusive, diverse, and energetic culture where you can be intellectually challenged and have lots of fun.

Promontory Interfinancial Network Reviews

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Promontory Interfinancial Network Co-Founder, President & CEO Mark P. Jacobsen
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32 Ratings
  • "A GREAT place to work!"

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    • Culture & Values
    • Career Opportunities
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    Current Employee - Anonymous Employee in Arlington, VA
    Current Employee - Anonymous Employee in Arlington, VA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Promontory Interfinancial Network (More than a year)

    Pros

    Put simply, Promontory Interfinancial Network has an unparalleled work environment. From the many perks given to employees (generous leave, matching 401K, lots of free food, access to a gym, holiday party, Halloween party, family picnic, monthly birthday parties, etc.) to the fantastic employees, I cannot say enough good things about this company. I have worked at a lot of places over the course of my life and this company is, hands down, the best. It was no surprise when we were named one of the Washington Business Journal's 2016 Best Places to Work.

    Cons

    I know this may be hard to believe but I honestly cannot think of anything bad to say about this company.

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Promontory Interfinancial Network Photos

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Promontory Interfinancial Network Interviews

Experience

Experience
75%
25%
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Getting an Interview

Getting an Interview
66%
33%

Difficulty

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  1.  

    Account Executive Interview

    Anonymous Employee in Arlington, VA
    Accepted Offer
    Positive Experience
    Difficult Interview

    Application

    I applied through a recruiter. I interviewed at Promontory Interfinancial Network (Arlington, VA).

    Interview

    Panel Interview, meet with several heads within your department. Extensive interview process want to make sure you mesh well with the team your likely to work with. Be prepared to be there for about 3hrs or so.

    Interview Questions

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