Federal Reserve Bank of Chicago

www.chicagofed.org

Federal Reserve Bank of Chicago Jobs & Careers


Show:  All Results Last 7 Days
6 days ago

Sr. Business Analyst

Federal Reserve Bank of Chicago Chicago, IL

• Researches emerging technologies and technology trends maintaining an in-depth understanding of those technologies and helps to integrate them into… CareerBuilder


15 days ago

Facilities Project Manager

Federal Reserve Bank of Chicago Chicago, IL

• Knows, applies, and communicates all aspects of space renovation projects and processes, including programming, planning, design detailing… CareerBuilder


14 days ago

Quantitative Risk Management Consultant - Liquidity

Federal Reserve Bank of Chicago Chicago, IL

More than ever, banking supervision runs on big data. Whether evaluating fixed income valuations, probing the inner workings of liquidity models used… CareerBuilder


10 days ago

CAD Technology Analyst

Federal Reserve Bank of Chicago Chicago, IL

Technology Initiatives Acts as Central Point of Contact (CPC) for technology asset and art databases Acts as Electronic Approval Request System… CareerBuilder


6 days ago

Building Services Supervisor

Federal Reserve Bank of Chicago Chicago, IL

People Leadership • Supervisory Initiatives Oversees staff and contractors engaged in the operation, maintenance, and housekeeping of Bank… CareerBuilder


23 days ago

Learning & Organizational Development Analyst

Federal Reserve Bank of Chicago Chicago, IL

• Plans, directs, and coordinates small to medium size human resources projects and resources to… CareerBuilder


3 days ago

Statistical Reports Analyst - Structure Reporting – new

Federal Reserve Bank of Chicago Chicago, IL

Provides professional accounting and analytical assistance for regulatory reporting, encompassing a wide variety of accounting, bank structure and… CareerBuilder


27 days ago

Data Governance Analyst

Federal Reserve Bank of Chicago Washington, DC

The Data Governance Analyst participates in and helps facilitate data governance working groups established under the auspices of the Board Data… Percipio Media


20 days ago

Insurance Policy Analyst

Federal Reserve Bank of Chicago Washington, DC

Contributes to the development of policies related to the supervision and regulation of insurers within the authority of the Federal Reserve… Percipio Media


12 days ago

Manager

Federal Reserve Bank of Chicago Washington, DC

Manages the daily operations of one or more supervisory programs and sections. Provides leadership in the development of the section and staff… Percipio Media


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Federal Reserve Bank of Chicago Reviews

53 Reviews
3.6
53 Reviews
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Federal Reserve Bank of Chicago President & CEO Charles Evans
Charles Evans
33 Ratings
  •  

    In the long-term, the pluses don't outweigh the minuses

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

    I have been working at Federal Reserve Bank of Chicago full-time (more than 10 years)

    Pros

    I've worked at the Fed for more than 10 years in various capacities. I'm not an intern who had a good or bad summer or an employee that's worked on only one level. I've worked on a few levels and I think I have a very comprehensive and fair opinion of what it's like to work here even if I have a lot of cons to offer. The pros:
    -Good work/life balance
    -Nice facilities: gym, cafeteria
    -Knowledge Center, essentially a library inside the Fed
    -Ok place to start your career and gain experience. You don't want to become a manager here. Once you become a manager you become aware of the weaknesses in the leadership of which you now are a part and therefore contributing to. Get your experience and salary and find a better employer.

    Cons

    There is a power imbalance at the executive management level in S&R and it plays out in the various divisions within the group. And the power struggle for the most part distracts the executive management from paying attention to the power struggle and resulting conflict they're creating among their supporting ranks and the host of other weaknesses that makes this place, despite the many positive benefits, not a place to stay long-term. As well the executive management team is disorganized and lacks long-term vision. They are very reactive and that plays out in the frequent and confusing reorganizations. There are regular reorgs and often little support or transparency as to why decisions were made or how. It is abundantly clear the management team does absolutely not have a long-term strategic plan and has little care about how their staff feels about reorg changes. As well, the executive management within S&R lacks diversity and is 'wagging the dog' in an effort to try to give the appearance that they care about diversity. That is, they put emphasis on recruiting "diverse (they define as people of color and women)" people rather than proactively promoting the qualified diverse people they have to executive ranks. And then they go through the motions of scratching their heads around why they can't seem to attract and retain diverse resources. Rather than acknowledging the obvious diverse talent they've overlooked from promotion they shift the lens to all of the recruiting efforts to attract diverse talent. It's really a public stage play for others to witness how much they want people to feel that they care about diversity. It's not the worst thing in the world but this offense is indicative of the type of poor behavior that goes on among a management team who's decisions impacts the careers of everyone that works for them. But most importantly, the political play in S&R is serious and toxic, this is by far the greatest offense and makes this a terrible place to stay long-term. Outside of technical roles and career paths, for other areas your entire career and progression is dependent upon who you impress or fail to impress and not just with your work. The political gaming is as you would expect political play to be: manipulation, lying masked as miscommunication and downright unfairness and unethical behavior. Mind you this is the Fed, so you can imagine how disheartening it is to experience or witness unethical practices of any kind at the Fed but I have and it was like seeing your childhood superhero do something dishonest. There are several VPs that expect to be maintained and if you don't do it then that's your career end. There is long and established network or practice of whisperings of something someone might have done or should have done (outside of the formal performance process) that somehow end up on a person's performance evaluation or worse it's not on their eval but they just can never seem to get promoted and no one is clear with them why. It's fundamentally unfair but the executive/senior leadership team doesn't care, they know they can do what they want with anyone's career and they do. Be warned however, they will absolutely give the appearance they care very much about retaining a person or growing their career. And they do, until you fail to kiss the right butt at the right time. It's very much a theatre play, they do that all the time. Again, all of these things don't directly impact a person generally before the 5 year or so mark. But then around that time and certainly thereafter they will. You'll either be pressured to consider certain key roles or leadership because everyone has started quitting and new roles are opening up or if you don't, you get labeled as not aggressive enough with your career pursuits and therefore overlooked at a later time. If you go into leadership you will become aware of how limiting of a career choice that is: the higher leadership roles are finite and not necessarily dependent on your skill level as much as I mentioned before "how well you play with others." Even if you do play well with others, the roles are finite and it'll be you and some other person who's mad because they've felt overlooked fighting over the same spot, then the political play picks up. Again, ok place to start your career but if you're smart you'll get some experience , get a free degree through the tuition reimbursement and go make 40% more or more at private firm because the market has picked up and they pay better and if you're going to deal with politics, might as well do it for more money.

    Advice to ManagementAdvice

    Air the place out some. It's clear you want to do what you want to do and you don't want to be questioned about it. But like I said, it's clear so staff and leaders can tell that you don't care about rules or right or wrong unless you're imposing it on us, you don't actually hold yourself to a standard. The culture is incestuous and circular: if you don't regurgitate the leadership point of view back to leaders then you get marked and labeled as not 'collaborative' or having poor 'culture'. Those are just ways to indoctrinate people. Be honest about the people whom you don't want promoted or working there and why and stop hiding behind off the record conversations about an offense a person may or may not know they've committed but will be evaluated on. The staff doesn't trust management and the reason why is because you've been disingenuous with us and among the leadership team you ratify each others actions and bad behavior so none of you is willing to call your colleague on less than honest or questionable behavior so you don't know or won't acknowledge when you/your peer is wrong. The groupthink among the leadership team is very thick and quite toxic and makes this a less than attractive place to build a career long-term.

    Doesn't Recommend
    Negative Outlook
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