Bank of China - New York Reviews in New York, NY | Glassdoor

Bank of China - New York New York Reviews

Updated July 31, 2017
15 reviews

Filter

Filter

New York, NY

1.9
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Bank of China - New York Chairman Jiang Jianqing
Jiang Jianqing
7 Ratings

15 Employee Reviews

Sort: PopularRatingDate

  1. Helpful (2)

    "Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in New York, NY
    Former Employee - Associate in New York, NY
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Bank of China - New York full-time (More than a year)

    Pros

    Nice and friendly colleagues. They provide $255 a month for MTA or other public transportation. Benefits are okay but not phenomenal. They don't have the TAP (Tuition Assistance Program) like other banks within NY. You can cash any unused sick/vacation days/personal days at the end of the year if they are unused(unless you leave before then then you it will be paid out on a prorated basis).

    Cons

    You don't really learn that much here. Work is too easy/light/not challenging. Most of the tasks is handed to more senior people from china leaving new hires moping around all day with nothing to do. They hire too many chinese and not enough diversity here. Most of the people hired aren't native speakers which causes a language barrier. The pay is severely underpaid for the many roles here. It is too hierarchical here too.

    You have to wait 6 months for the following: PAID vacation days, 401k contribution, personal days, dental, vision and a few others. This is unacceptable. You are basically hired as a "temp" with zero benefits until at least 4 months into the job and thats when you get your sick days and medical benefits.

    Advice to Management

    The whole company culture has to be revamped and restructured.


  2. "AML Compliance analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Compliance Analyst in New York, NY
    Former Contractor - Compliance Analyst in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    I worked at Bank of China - New York as a contractor (More than a year)

    Pros

    There are hard-working coworkers. They have a nice office.

    Cons

    Terrible management. The compliance managers have no idea about compliance. No support from the team lead. The supervisor and SAR team QA always pushes their ork to others, and take credits or things the vet have never done. And they also always find scapegoats for their mistakes. The CCO screams a lot.

    Advice to Management

    They need to hire right people to run the team. They should really look into the issues in the department.

  3. Helpful (4)

    "AVP"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in New York, NY
    Former Employee - Assistant Vice President in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Bank of China - New York full-time (Less than a year)

    Pros

    Nice and new building and free vision plan and MTA benefit, that sum up all the benefits or Pros about this company.

    Cons

    Poor management.weakness within the lines of defenses.focus on reactive managing an issue instead of proactive to anticipate the problem. Poor people management and manager told their staff that they are hiring to do their manager's job. Underpaid within the associate level.Senior Management set the tone by delegating their jobs to their junior staff and get huge bonus by attending meeting and doing nothing for the bank

    Advice to Management

    It is time to wake up


  4. Helpful (7)

    "Great if you're looking for a quiet place to die"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in New York, NY
    Former Employee - Assistant Vice President in New York, NY
    Doesn't Recommend

    I worked at Bank of China - New York full-time (More than a year)

    Pros

    Rarely work more than 8 hours, health insurance is cheap, subsidized membership to New York Health & Racquet Club, great for people who care about job more than career, full 1 hour lunch break

    Cons

    Written material and communication suffers due to high numbers of late English learners, no transparency, no ability to work remotely, every decision including ordering business cards requires HR approval, lots of cliques, no concern for diversity, non-Chinese employees used as tokens, no clear path to promotion, communication from management is not open, less vacation than industry standard, pay is lower than industry standard, bathrooms are disgusting, professionalism is low, nepotism is high, 9:01AM arrival is considered late and may warrant a notice from HR, output is prioritized over quality of work, chance of expanding skills/ & trying new things is low, bank constantly under regulator scrutiny, recent Chinese graduates with little to no experience favored over more educated & experienced non-Chinese people

    Advice to Management

    You will NEVER attract or retain top talent if you don't pay people, give chances for advancement and clearly communicate what the bank's expectations are. The whole notion of "just put your head down & do what you're told" is for days long gone.


  5. Helpful (2)

    "Awesome experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern - Hourly in New York, NY
    Former Employee - Intern - Hourly in New York, NY
    Positive Outlook
    Approves of CEO

    I worked at Bank of China - New York full-time (Less than a year)

    Pros

    Get some hand-on works for interns
    Nice people
    Cash bonus during Christmas
    Good location
    HR is efficient
    Technology up-to-date
    Many restaurants near by

    Cons

    I can't think of many cons. Maybe they should provide some basic training for newly hired interns. It would be easier for interns to learn more about the concepts.

    Advice to Management

    Keep doing what you have been doing. Maybe train the interns formally.


  6. Helpful (4)

    "Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - New York in New York, NY
    Former Employee - New York in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    People are nice. Mentors are very good and the lifestyle are also good.intimate relationship with colleagues and leaders

    Cons

    small chance to be full-time, Chinese style management and relationship.


  7. Helpful (8)

    "Lot of work with low pay"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Auditor in New York, NY
    Current Employee - Auditor in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Nothing really, just a lot of work for minimum pay.

    Cons

    Low pay, with lot of over hours. Seems like they don't know the pay scale here in the US, so they just use the industry min.

    Advice to Management

    Figure out how you can get top talents instead of just cheap labor.

  8. Helpful (12)

    "Poor Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Neutral Outlook

    Pros

    Talented individuals will have the room for advancement (if you are patient enough to wait couples of years), since most of other employees in the bank are incompetent. Again, if you are the competent one, you will be given a significant amount of responsibility and workload, which can mean opportunity to learn and grow. If you are looking for an ultra stable job, this is the right place for you - they just NEVER fire their employees, no matter what!

    Cons

    Except from the below-market salary, the most ridiculous thing is - you don't receive your bonus until the last quarter of NEXT YEAR! So if you leave the job anytime before the last quarter of next year, you will lose your bonus even you have serviced a full year this year.
    Another major con - the whole company is lack of management. Senior managements are ALL sent from China, and will change every 2-6 years. Therefore, there is a glass ceiling for local employees. Managements have no understanding of the local market and the business, nor they know how to manage the employees professionally. If you don't know how to please your boss, or help your boss to please their boss, you won't be given opportunities. They see employees as tools of them, instead of a human or a friend. Most of the time, your department head has no experience in the particular area, so they rely 100% on you to know everything, bring in the business, solve all problems and finish all the work. Another word - no coach and training, you will have to learn everything and finish everything by yourself. Lastly, you will be assigned to a lot of redundant and meaningless work, which are out of your job responsibilities.

    Advice to Management

    Hiring local management; salary and bonus should meet market standard; fire the unqualified employees.


  9. Helpful (1)

    "Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Bank of China - New York (More than a year)

    Pros

    H1B, Not much pressure for people just looking for a 9-5 job

    Cons

    Lack of being organized, no training

    Advice to Management

    Organized structure


  10. Helpful (4)

    "trouble boss"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Credit Analyst in New York, NY
    Former Employee - Credit Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    some Benefits good, like they pay the sick days if u donot take it

    Cons

    crazy boss, crazy culture, no future


Showing 15 of 36 reviews
Reset Filters