Federal Reserve Bank of Richmond

  www.richmondfed.org
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31 Employee Reviews (View Most Recent)

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1 person found this helpful  

Add value to the country's payments systems

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

Pros

It's a not-for-profit organization, so we are driven by mission- not profit - although we must manage budgetary pressures like any other organizations.In recent years,t hey have really worked to make the organization more professional and responsive and to bring salaries up to industry standards.

Cons

You must have a thick skin since we stay within the crosshairs of the media and politicians. Because we are a not-for-profit organization, you will not get rich.

Recommends
Approves of CEO

Other reviews for Federal Reserve Bank of Richmond

  1. 1 person found this helpful  

    easy job, great work life balance, great networking opportunities with industry players

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Deputy  in  Charlotte, NC (US)
    Former Employee - Deputy in Charlotte, NC (US)

    Pros

    - easy hours in bank supervision, virtually no stress
    - between your PTO and flex-Fridays you get almost 50 days off a year
    - low pressure environment, all deadlines are blown away with no consequences
    - secure job, there is virtually no history of involuntary terminations
    - subsidized health care (really cheap)
    - above normal retirement benefits
    - Nice place to park your life until retirement

    Cons

    - pay is significantly lower than industry.
    - performance reward system leads to mediocrity
    - no management skills required for leadership positions
    - this is an organization that is afraid of changing
    - code of conduct and ethics breaches are not taken seriously especially post-employment restrictions in supervised institutions
    - no diversity outside brainless jobs
    - antiquated technology and processes

    Advice to ManagementAdvice

    Keep up the good benefits. Try to do more on the ethics front or at least pretend that you care.

    Approves of CEO
  2. 1 person found this helpful  

    Support

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Richmond, VA (US)
    Current Employee - Anonymous Employee in Richmond, VA (US)

    Pros

    Genuine People
    True Business-Casual work environment
    Striving to be better
    Very smart individuals working with
    well respected

    Cons

    Lack of growth for younger generation
    government/private gray areas
    allowing true creativity and innovation

    Advice to ManagementAdvice

    change takes a while, but keep working at the culture.

    Recommends
    Approves of CEO
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