The Bank is in state of chaos; if they don't pass CCAR and other reg exams they will be forced to close down.
Pros
Sitting on your as all day texting friends and family. Job security was great until Mr Powell arrived and with him came the culture of slashing jobs to save costs... Why doesn't he and his entourage take a salary cut and preach by example.
Cons
Wasting 6 years of your life in a bank like this. HR is truly abysmal, they recently reshuffled key personnel but what they brought in is worst. After 6 years at the Boston HQ, the true inability of high level management to create an environment where one can make a difference and where talent is appreciated. The blend of Spanish and American style leadership has not worked; attrition rate is out of control; fragmentation in the teams and corporate spirit is low; salaries are about 25% below the competition; and above all everyone is trying to save their own ases and there is not sense of team. And wrap this up in a setting where databases and access to reliable data sources are archaic or none existent; hundreds of 20 year old consultants are running the bank and drafting key regulatory documents.. And one wonders, what is the use of having all these super well paid chief risk officers, SVPs, EVPs... currently sitting in their offices and reading through recycled power points. Final advice: this is a sinking ship, stay away. Bank will be forced to close down in one year.
