FHLB New York - Management made the job a nightmare! | Glassdoor
There are newer employer reviews for FHLB New York
There are newer employer reviews for FHLB New York

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Helpful (4)

"Management made the job a nightmare!"

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Anonymous Employee
Former Employee - Anonymous Employee
Doesn't Recommend
No opinion of CEO

Pros

The FHLB has good benefits and as an institution provides various morale boosting activities auch as the annual holiday party and the annual boat cruise or picnic.

Cons

Unfortunately, local management's actions undermine everyone's morale. In a period of about five years at least ten officers and directors came and went. They either left due to the working environment, were forced out or were fired. Non-officer exempt employees turned over at least once during the same period. Management did not provide any leadership and was not particularly savvy in what was required to conform to the Bank's regulator guidelines. Management used the annual review process to "document" performance deficiencies in order to preclude annual raises and bonuses. Management did not responde in a timely fashion (sometimes weeks) to reports submitted for review them blamed the analyst for submitting a final report, which was "documented" by management. This was by far the worst management that I have seen in many years of working in the financial industry.

Advice to Management

FHLB leadership should institute a proceedure where all Bank rules and regulations are applied equitably across all departments and are not made subject to the whims of local management. Additionally, the Bank should establish a senior level HR officer to represent the interests of the employee in any situation where local managemnt has issues with the employee. The current HR function is strictly there for managers to "legally" harass unwanted employees!

Other Employee Reviews for FHLB New York

  1. "Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Summer Intern in New York, NY
    Former Intern - Summer Intern in New York, NY
    Recommends

    I worked at FHLB New York as an intern (Less than a year)

    Pros

    Was a great and not terribly stressful internship. Got a lot of chances to meet with the very top executives in the bank. Very positive experience overall.

    Cons

    None in particular besides those looking for high pay over $20 an hour


  2. "Good place to work"

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

    Pros

    401K and Pension Plan

    Cons

    I only have good things to say about this bank

There are newer employer reviews for FHLB New York
There are newer employer reviews for FHLB New York

See Most Recent

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