FHLB New York - Management made the job a nightmare! | Glassdoor

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There are newer employer reviews for FHLB New York

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Helpful (4)

"Management made the job a nightmare!"

StarStarStarStarStar
  • 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. "Specialist"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at FHLB New York full-time

    Pros

    - good pay
    - good management
    - 401 k match

    Cons

    None that I can think of.


  2. "Professional Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Disapproves of CEO

    I worked at FHLB New York full-time (Less than a year)

    Pros

    Most r Excellent benefits life ins. , vision, generous PTO, vacation, personal up to 23 and 12 sick days per yr. However the medical health and dental insurance is extremely expensive premium is costly and super high deductibles horrible. Pension and matching 401k is great.

    Cons

    Advancement is extremely difficult with management and corporate politics. Unless you have a professional knowledgeable and emotionally intelligent normal manager willing to help there qualified staff excel and grow. Bonuses are unfair compared to management's and 1 st level officers. Extremely one sided.
    If you're lucky enough to have a normal just manager this GSE organization may work for you. Otherwise corporate will not be fair in there investigations for non officer professionals. BEWARE

    Advice to Management

    Tough is good with mentorship along with camaraderie, but leading with negativity is extremely demoralizing and results in high turnover losing great dedicated staff with moral for remaining staff.

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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