If you are a motivated and capable individual, this is not the place to be
Pros
Easy life style. Above average compensation for the amount of contribution required/expected Strong international network
Cons
Weak leadership. Most of the sr. mgmt operates from a fantasy island high above the clouds. Completely disconnected from reality. The explanations and proposed solutions to most problems are usually a call for increase in headcount. "More hands on deck" Weak wholesale banking risk mgmt team. No risk (or business for that matter) is good risk. HR recruiting is completely worthless Clear culture clash between the Americans and the Spaniards. Very apparent in the cliques formed Lack of standardized and enforceable controls blatant in many areas of the bank. IT/manufacturing functions hold the bank by its balls. No one wants to admit it. Unqualified employees are rampant. Nepotism is very rampant. Every new hire you can't help to ask "who's your daddy and what does he do?" 80% of the work is done by 20% of the people within most groups, while compensation is not very correlated. Career development weighs heavily on political relationships rather than merit. Employee satisfaction is at a all time low across the bank. Incentive models designed are flawed. Inability to attract and retain talent & bleedingly high turnover rate in key areas of the bank.
