Good place to work and learn about the banking industry
Senior Assistant Bank Examiner (Former Employee) – Cleveland, OH – July 23, 2018
As a Bank Examiner you travel extensively. You are exposed to many different Banks and their operations. You evaluate the Banks loan portfolios as well as the overall financial strength of the Banks. An excellent place to build a career ot begin a career in Private Banking.
Good people to work with. The team worked well together.
LAW ENFORCEMENT OFFICER (Former Employee) – Cleveland, Ohio – May 2, 2018
Internal and external teams worked well together. Sometimes the bureaucracy of a business affiliated with the federal government got in the way of simple business needs. Overall, the comradery made the days worthwhile.
The Federal Reserve Bank has been in Cleveland since 1920's. I worked the third shift in check processing. Great people to work with and I learned a lot. Some of the people have been there for 15, 20 or more years.
Great pay when you are there a while with terrific benefits.
A typical day at the Fed began at 8:00 AM with a morning 10 minute break, hour lunch, and and afternoon 10 minute break. Close of business was at 5 PM. There were days where overtime work was needed in the Check Collection Department but it was not a usual practice. I learned to prioritize my workload and juggle requests from multiple people. The culture of the workplace was all business, yet allowed for social interaction during meetings, breaks, and after hour activities. The hardest part of the first job was learning to prioritize the many requests. In the executive support position, the hardest part was learning the AVP's expectations. The most enjoyable part of the job was the excitement of working within the Federal Reserve system, learning about our country's banking and money system, and the excitement of working in the downtown setting.
healthcare and benefits, working downtown, advancement opportunities
Law Enforcement Officer (Current Employee) – Cleveland, OH – February 1, 2018
The culture is very incentive based and hard work can and often does result in great rewards. It involves constant interaction with people of different cultures and inclusion is a high priority. The benefits are unmatched by any employee I have ever been associated with.
The FED was a great plCe to work when i started. The work environment has become stressful as well the officer group slanted grooming the younger employees for future officer and management position opening . At the same time overlooking older seasoned individuals . This has made for a hostile work environment on many teams in supervision and regulation.
Customer Service Representative (Seasonal) (Former Employee) – Cleveland, OH – April 17, 2017
It was as great place to work for unfortunately i was only there as a part time worker, but if i had the chance i would return there in a heart beat. the work environment was laid back management was great i learned all about the affordable care act, and the mist enjoyable part of the job was coming to work and interacting with my co-workers.
Consultant (Former Employee) – Cleveland, OH – January 2, 2017
I found my experience working at FRB Cleveland to be fairly enjoyable on the whole. The major issue I had was receiving work assignments on Saturday or Sunday to be completed by Monday morning. This was generally isolated to time periods prior to deliverable due dates, though.
All the employees treated me as if I was actually one of them. I loved working there. I didn't mind waking up early on my summer break. I couldn't wait until I got to work again. I actually miss it. I hope in my future I get a full time job there.
Free lunches, Nice employees and positive workplace
Highly political work environment. Benefits are good, but not outstanding. The Fed Bank will go through purges and staff will be let go with no warning. Co-workers are kind and hard working. The local branch is overseen in a heavy handed manner from the headquarters in Cleveland. Very cliquish atmosphere with some people promoted well beyond their capabilities or skills depending upon who they are friends with. Senior management promotes employee engagement, but most is lip service. Very similar atmosphere to Social Security or other government office.