Good for CV/ junior people, terrible managment for employee wellbeing.
Pros
- Work/ life balance is good regarding WFH and time when you can start your shift. - Good for CV and as an entry level for junior positions to get experience - Great experience for banking sector specific knowledge coming from an EMI - Majority of the people in the AML department were awesome - In terms of ''good benefits'' the usual ones which are everywhere such as Stebby etc. - Best possible terms for employees for the banks own products ( e.g credit ), but funnily enough competitors on the market are able to offer even lower interests/ trading fees etc.
Cons
- Horrible tech stack and operational tools ( although slowly improving ) - Nobody takes ownership of processes - Compensation is way below average v.s the market. - Low compensation is usually acceptable if there are bonuses/ stock options etc. which there are none. - Salary increases are outright insulting and promises made are not kept. - This was common in the AML department that people were promised something concrete reg % in salary increase, but when the time came excuses were made to why salaries could not be increased - Pay gap between people in the same team in the same role can be upwards to 1000 eur and isn't based on any logic. Also no salary ranges/ levels even internally for positions. - Board of the company is so detached from reality that it is just sad. - Argument for extremely low salary increases were that it was financially an extremely bad year for the company. From public sources net profit in 2022 - 61,5m EUR ; in 2023 - 140.9m EUR. Also during that ''bad financial year'' all of the board issued more stock options for themselves, got highest % bonuses allowed, got base salary increases. If the reason clearly isn't that it was financially a bad year, be honest with your employees and say that we just don't value your function and thus we will not improve compensation, not treat extremely smart and passionate people like fools. To add, I understand of course, that it is at the end of the day a business and as a publicly traded company the first responsibility of the board is to deliver value to shareholders, but that can be done while also taking care of the people who at the end of the day deliver that same value.