Just another Virgin gold plated garbage
Pros
None! Thought really hard and for a long time but just can not think of any positives. The only way to succeed in the bank is to be an RBS alumnus, be willing to be humiliated on a regular basis and agree to everything the incompetent senior management and the CEO say.
Cons
The top team is paid very well despite being absolutely incompetent. The bank keeps hiring Commercial Head, COO, etc from RBS, a disaster of a bank and they all become the CEO's yes men very quickly or do not survive for too long. The ones who stay will get very rich while the people who work hard get minimal wage rises and negligible bonuses and have poor long term prospects in the bank. But there have been many departures at the senior levels recently and it will continue until there is a change at the top. The CEO talks the talk but has no understanding of the business or market and screams and shouts at people who are unfortunate enough to get in front of her. In public, her persona is all honey and sugar but in reality, she is downright nasty to her direct reports and others who meet her in various forums. She talks a lot about EBO but it just is a warm and fuzzy term for PR purposes that means absolutely nothing other than Executives Better Off as another reviewer mentioned. Things have become worse after the IPO and CEO panic around share price creates regular havoc with day to day running of the business. There is no investment in infrastructure and systems that will help this bank stand out. Most of the computers still run on Windows XP and the mortgage platform dates back to the pre crisis Northern Rock era. Processes are manual and antiquated. Branson can write articles and posts on LinkedIn etc about value of employees and people and its importance but it is all lip service and the reality is complete opposite. Everyone is afraid to speak out. Branson visits the bank once in year and it is just a selfie opportunity for people.
