Aldermore Bank FAQ

All answers shown come directly from Aldermore Bank Reviews and are not edited or altered.

17 English questions out of 17

5 January 2021

How are the career development opportunities at Aldermore Bank?

Pros

The best thing about working here is definitely the people, they make the day so much brighter and you learn to support each other.

Cons

Bullying management, lack of transparency, no confidence in ExCo, high turnover, slow track record of achievements when mapped out. Less likely to be heard when you challenge something. No career progression and lack of support.

Advice to Management

Sort out your middle management, actually listen to what your staff say don't just say we will, actions speak louder than words. There is a clear issue within the work place of a bullying culture but yet when this is raise it is simply ignored and swept away by policies which were designed to hide this.

No career progression and lack of support.

5 January 2021

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11 September 2018

What kind of career opportunities exist at Aldermore Bank?

Pros

As a veteran of the City, I have experienced many varied corporate cultures, and though I work in a very quantitative role feel it is the culture that eventually makes or breaks a firm, both for employees and customers. Aldermore’s culture is fantastic - modern, relaxed yet hard-working, happy, “no egos or divas”, cooperative, inclusive and caring. This applies both internally and within customer relationships - unusual for any company let alone a bank! I work in the London office but the above is true of the other offices too in my slightly limited experience of them. List of pros: Excellent culture Talented staff Good work-life balance Lots of opportunity to get involved in areas that interest you - the opposite of a siloed bank. Taking responsibility is positively encouraged and there are lots of sideways and/or upward moves. Good salary + bens compared to peers.

Cons

Nothing that you wouldn’t get in any similar size firm. Often gets grouped with other “challenger” banks, which is a pretty disparate group. It has moved beyond that now and is better thought of as in the strap line: “Banking as it should be”

Advice to Management

Keep doing what you are doing!

Lots of opportunity to get involved in areas that interest you - the opposite of a siloed bank.

11 September 2018

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7 August 2018

What is the feeling of job security at Aldermore Bank?

Pros

On a personal level I work in HR so can see what's going on.

Cons

As I said I work in HR so can see what's going on. And it's such a bad company. I'm forced to do things that go against all of my ethics. People are dismissed, fired or made redundant just because their faces don't fit or they need to cut costs despite being millions of pounds in the red. My boss is weak and influenced by people who are only in it for themselves.

Advice to Management

You need to get rid of a load of puffed up egos who are only in the company waiting for the bonus and don't seem to realise that being a manager means you're supposed to also look after people who report into you. With great power comes great responsibility is something you should think about.

People are dismissed, fired or made redundant just because their faces don't fit or they need to cut costs despite being millions of pounds in the red.

7 August 2018

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24 September 2018

How are senior leaders perceived at Aldermore Bank?

Pros

No weekends and good people you work along side; gain CAS status if you are new to industry

Cons

Delusional management line and above thinking massive turnover can be cured with a pay rise Annual bonuses... MADNESS!! Previously quarterly which wasn’t great but better than this Three months notice period... No proper leadership; brown nosing senior management instead of open discussions Too many keyboard warriors who think an email or two will resolve issues Plenty to do but no support provided when required Targets unrealistic;

Advice to Management

Listen to what people are telling you and actually try and do something about it!! High turnover of staff is not normal have open frank conversations and you might understand why so many people are leaving Change bonuses to the same as rest of the industry; might find more motivation to work for them

No proper leadership; brown nosing senior management instead of open discussions

24 September 2018

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11 September 2018

What are some insights into the strategy or vision at Aldermore Bank?

Pros

As a veteran of the City, I have experienced many varied corporate cultures, and though I work in a very quantitative role feel it is the culture that eventually makes or breaks a firm, both for employees and customers. Aldermore’s culture is fantastic - modern, relaxed yet hard-working, happy, “no egos or divas”, cooperative, inclusive and caring. This applies both internally and within customer relationships - unusual for any company let alone a bank! I work in the London office but the above is true of the other offices too in my slightly limited experience of them. List of pros: Excellent culture Talented staff Good work-life balance Lots of opportunity to get involved in areas that interest you - the opposite of a siloed bank. Taking responsibility is positively encouraged and there are lots of sideways and/or upward moves. Good salary + bens compared to peers.

Cons

Nothing that you wouldn’t get in any similar size firm. Often gets grouped with other “challenger” banks, which is a pretty disparate group. It has moved beyond that now and is better thought of as in the strap line: “Banking as it should be”

Advice to Management

Keep doing what you are doing!

Taking responsibility is positively encouraged and there are lots of sideways and/or upward moves.

11 September 2018

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17 English questions out of 17