FHLB New York Reviews | Glassdoor

FHLB New York Reviews

Updated August 14, 2017
24 reviews

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3.0
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Alfred A. DelliBovi
11 Ratings

24 Employee Reviews

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  1. "In my opinion"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Jersey City, NJ
    Current Employee - Anonymous Employee in Jersey City, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at FHLB New York full-time (More than 8 years)

    Pros

    Small company in terms of number of employees but the Bank does a lot of great work. Depending on the area you work there is room for growth and even if it isn't, you have the ability to apply for a position in another group.

    Cons

    Medical and vision benefits are not ideal. Two options of a high deductible plan costing a family of 3+ at least $400 per month. That's not including the out of pocket cost you are responsible for until you meet your deductible.

    Advice to Management

    Jose Gonzalez the new president of FHLB is doing a great job.


  2. "Analyst Life"

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

    I have been working at FHLB New York full-time (More than a year)

    Pros

    -Great pay, room for growth, and bonuses.
    -Location and office environment/amenities.
    -No micro-managers.
    -Flexible time in, out and lunch.

    Cons

    -Vacation Time/PTO (No PTO)
    -No Transparency with Senior Staff

    Advice to Management

    The vacation policy is absolutely terrible and not appealing to young professionals at all. This almost makes me want to find another job where there is PTO time and a more reasonable amount of vacation days.

  3. "Awful!"

    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
    No opinion of CEO

    I worked at FHLB New York full-time

    Pros

    - NYC and JC Office Locations are prime
    - Fairly laid back environment
    - Tons of opportunities to give back to the community

    Cons

    - Some of the Management - there are way too many political games played by the seasoned employees to keep their favorites progressing (no matter how bad) and keeping other talents back from moving up in the company.
    - Even when bad managers are apparent, they are not removed - they are simply moved around

    Advice to Management

    Remove toxic employees
    Pay attention to top talent, otherwise, you'll lose them


  4. "Good experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern
    Former Employee - Intern

    Pros

    Friendly, great interdepartmental communication, work closely with fellow interns

    Cons

    Get ready to work if you're in the sales and marketing Dept. might seem dull after awhile


  5. "Good place to work"

    StarStarStarStarStar
    • 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


  6. "great place to work"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends

    I worked at FHLB New York part-time

    Pros

    I really enjoyed working here.

    Cons

    I only have good things to say about the place


  7. "Horrible, management sucks, benefits are the worst. God help me get a better job and work environment !"

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

    I worked at FHLB New York full-time (More than 3 years)

    Pros

    The pay is decent that's all , if you take away the pay there is nothing really positive to really say.

    Cons

    Poor Management
    Benefits are the worst better be married and get your spouses Benefits
    Life timers run the bank
    No fresh ideas
    Big turn arounds
    Office is in bad shape
    They frown upon working from home during storms
    The put you up in the worst hotels during storms
    I can't stress out cut throat and stuck in their way management is.
    Not a happy place to work.
    Everyone is miserable

    Advice to Management

    Change up can't you see how many people leave the bank or can't stay long. Your selection of leaders are a joke! Wish I would have read the reviews before coming to this company

  8. "Decent bank, but not a very hard working or dynamic culture"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Cushy job: benefits are disproportional to amount of work that people put in. Almost everyone leaves at 5.

    Cons

    Not a very fast-paced or dynamic culture. Understandable due to GSE status of bank. Very very behind on technology - can be hard to work with outdated stuff.

    Advice to Management

    Invest more in tech, do more with bank. Can get rid of a lot of people and still stay very profitable.


  9. "Excellent opportunity for growth if you are motivated."

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

    I have been working at FHLB New York full-time (More than 8 years)

    Pros

    Small company doing big business, growth opportunities, good work life balance.

    Cons

    Health benefits used to be great.
    Some office politics.
    The coffee.

    Advice to Management

    We notice the cut backs.


  10. "overview"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Fresh Meadows, NY
    Current Employee - Anonymous Employee in Fresh Meadows, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at FHLB New York (More than 5 years)

    Pros

    This company does try to keep a good balance between work and family life. It provides flexibility to employees

    Cons

    It lacks upward opportunities to a lot of motivated employees

    Advice to Management

    It is important to meaningfully listen to what employees have to say.


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