Safra Bank Reviews | Glassdoor

Safra Bank Reviews

Updated May 1, 2017
16 reviews

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Full-time Part-time

2.8
Star Star Star Star Star
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Simoni Morato
7 Ratings

16 Employee Reviews

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  1. "good for getting your foot into the industry"

    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
    Doesn't Recommend
    Neutral Outlook

    I have been working at Safra Bank full-time (More than a year)

    Pros

    good benefits, cheap insurance, small company, so less bureaucracy when it comes to decision making, they do train you a little, just make sure to do not show them that you are smarter than a manager, it won't take you far

    Cons

    family owned company, a lot of nepotism, very sharp line between front office and back office, no communication, a lot of talking and less working and actually doing something.

    Advice to Management

    hire confident managers and make sure that your employees feel secure at a job


  2. "associate"

    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
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Safra Bank (More than a year)

    Pros

    work life balance is good

    Cons

    culture, compensation, management, career growth

    Advice to Management

    change all management


  3. "Small bank no boutique"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Safra Bank full-time (More than 3 years)

    Pros

    Good work life balance. If you want 9-5 no overtime this is the right place. Environment is very diverse. You will hear a lot of Portuguese but no need to speak. Good benefits. Workload is not bad.

    Cons

    No open communication. No respect to employee. Almost no raise. Some management were there so long - no opportunity. Unreasonable layoffs. Very little resources - no guidance big responsibility.

    Advice to Management

    Stop feeding scare to employees


  4. "A boutique bank culture with the resources of a bulge-bracket firm"

    Star Star Star Star Star
    • 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 Safra Bank full-time (More than a year)

    Pros

    The flat organizational structure is refreshing, and helps different parts of the bank work well together.
    Small enough for employees to have plenty of responsibility and see their work reach the client.
    Benefits used to be fantastic, and despite recent changes, are still relatively good.
    Work/life balance is decent and most employees are pretty laid back. Office culture and morale are good.

    Cons

    Some employees are only there because their families are large clients of the bank, and they are untouchable.
    Because of the flat structure, upward mobility is limited. Many employees have been there for decades, so moving up requires years of patience.

    Advice to Management

    Try to avoid growing AUM at the cost of internal culture and profitability. Hiring clients' kids and bringing on clients at below-cost rates are bad for business.


  5. Helpful (1)

    "one lion per day"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Development in New York, NY
    Current Employee - Software Development in New York, NY
    Disapproves of CEO

    Pros

    Friendly environment and somewhat challenging.

    Cons

    Not much strategy is being applied.

    Advice to Management

    Stick with the plan


  6. Helpful (2)

    "Solid place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY
    Approves of CEO

    Pros

    The people are mostly nice, hours and work/life balance are good, benefits are good, job stability is above average, the bank has an old style feel to it

    Cons

    Its a Brazilian bank, so expect to hear a lot of Portugese and you may not fully fit in if you don't speak it was well.
    Computer systems and software could use an upgrade

    Advice to Management

    Upgrade computer systems


  7. "Friendly work environment with good work life balance"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Analyst in New York, NY
    Former Employee - Operations Analyst in New York, NY
    Recommends
    Approves of CEO

    Pros

    Friendly environment
    Good work life balance
    Capable management
    Opportunities for advancement
    Relatively transparency into other business units
    Compensation is competitive

    Cons

    Many positions are filled with temps
    Due to international lines of business, some international travel may be necessary
    Not great benefits

    Advice to Management

    Management could be a bit more visible in the New York location. When management is not present, rumors can creep up.


  8. "Working at Safra"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Safra Bank full-time

    Pros

    Collegial environment, access to senior management, good benefit package

    Cons

    Lower compensation, lack of resources


  9. "Senior BA"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends

    I have been working at Safra Bank full-time

    Pros

    good place to work at

    Cons

    no cons so far. happy to be working here

    Advice to Management

    no advice at the moment


  10. Helpful (4)

    "Dont do it"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    None that i can think of

    Cons

    Micromanagement, People with an agenda. Embarrassment in spanish and in english

    Advice to Management

    Fire 95 pecent of the people and start over


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