Australian Prudential Regulation Authority Reviews | Glassdoor.com.au

Australian Prudential Regulation Authority Reviews

Updated 16 Jul 2019

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Found 19 reviews

2.5
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29%
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  1. Helpful (2)

    "Great place to learn about the banking, insurance and superannuation industries!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Analyst in Sydney
    Recommends
    Positive Outlook

    I worked at Australian Prudential Regulation Authority full-time for more than 5 years

    Pros

    Lovely staff, great overview and ability to specialise.

    Cons

    Difficult to career progress, get a mentor and move around.

    Australian Prudential Regulation Authority2014-09-05
  2. "Was an interesting summer"

    StarStarStarStarStar
    Former Employee - Actuarial Intern 

    I worked at Australian Prudential Regulation Authority for less than a year

    Pros

    People are really friendly Can be exposed to the other side

    Cons

    Little responsibility given to interns

    Australian Prudential Regulation Authority2019-07-10
  3. "Good employer for those that lack ambition"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Principal Analyst 
    Doesn't Recommend
    Neutral Outlook

    I worked at Australian Prudential Regulation Authority full-time for more than a year

    Pros

    +flexible work arrangements available +fixed work hours

    Cons

    +not a meritocracy +poor pay +limited career opportunities

    Australian Prudential Regulation Authority2019-07-16
  4. Helpful (1)

    "Great work/life balance but need to better recognise good employees"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I have been working at Australian Prudential Regulation Authority full-time

    Pros

    - Great work/life balance and flexible hours embedded in culture - Efforts made to have regular social events across the organisation - Meeting executive managers from regulated institutions as part of the job is always a highlight

    Cons

    - Rewards, recognition or promotions are often not given to the right people, so a lot of high performing employees leave - Politics amongst management is a problem. There are a small group of “influential” people and everyone else just nods to them. - Too much emphasis on “soft skills” and lack of support for development of technical skills. The benchmark for “good analytical skills” is quite low. - Culture (in some...

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    Advice to Management

    - Hold the organisation to the same high standards that it expects of its regulated entities - Put more emphasis and support in training employees to have better technical skills - Career progression process needs an overhaul in better selecting the right people and promoting them in a more timely way - Management needs to have more courage to stand on their own two feet and challenge the “influencers”

    Australian Prudential Regulation Authority2019-01-08
  5. "Terrible culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Consultant in Sydney
    Doesn't Recommend
    Neutral Outlook

    I worked at Australian Prudential Regulation Authority for less than a year

    Pros

    Small co located workforce great office environment

    Cons

    Backstabbing and bad behaviour of staff on all levels

    Advice to Management

    Culture starts with good leadership

    Australian Prudential Regulation Authority2018-10-28
  6. Helpful (4)

    "A regulator that has alot of issues itself"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Principal Analyst 
    Doesn't Recommend
    Negative Outlook

    I worked at Australian Prudential Regulation Authority full-time for more than 5 years

    Pros

    1. Job security. You can be very chilled & lazy without worrying about getting fired. 2. Attendance is the only valid KPI. You need to attend work, meetings & any other formal events, but that’s your only KPI. Others so called KPIs are only for show (but you need to at least pretend you are working/reading some documents at work) 3. Career Progression- although it’s super slow, as long as you stay in the...

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    Cons

    1. Not a suitable work environment for skill & knowledge improvement. 2. Too much workplace politics. 3. Too many incompetent senior managers there (still have few competent ones though) They used to joke about an old lady (a senior manager) there that had neither analytical skills nor technical knowledge, but very picky about grammar & wordings. Since she has only worked in public sector, that’s why this was...

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    Advice to Management

    1. Replace all incompetent senior managers. 2. Create a competitive environment. 3. Only recognize & reward true contributors. 4. Senior management team should implement their straregies to fix these konwn issues not just talks.

    Australian Prudential Regulation Authority2018-08-21
  7. Helpful (2)

    "Very Poor Management Team"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Principal Analyst 
    Doesn't Recommend
    Negative Outlook

    I have been working at Australian Prudential Regulation Authority full-time for more than 5 years

    Pros

    - It is a government regulator.

    Cons

    - Some senior managers have absolutely no/outdated technical knowledge, the only reason they could become senior managers was solely because they have been working at APRA for many years (many of them have only worked in government regulators with no practical industry work experience). - As these senior managers have no/outdated technical knowledge (many of them can’t even use computer properly), all they can do...

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    Advice to Management

    - There is a reason that all senior managers need to be on a fixed term contract basis. - Should conduct regular compulsory exams on senior managers' technical skills and knowledge. Those who fail the exams should be removed from their seats. -Needs to restructure to remove those senior managers who are incompetent or have no practical industry experience.

    Australian Prudential Regulation Authority2018-05-24
  8. Helpful (3)

    "No upward progression and poor management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook

    I worked at Australian Prudential Regulation Authority full-time

    Pros

    Generous workplace benefits, including unlimited personal leave and flexible working arrangements. Organisation puts resources into regular social functions for employees.

    Cons

    Lack of upward progression due to long tenure of employees and unbalanced ratio of analysts to management. Serious issues with the work culture. Management is uninterested and ill-equipped to aid employee career development. The organisation has acknowledged persistent issues with gender and racially based harassment, and is struggling to deal with these issues in a satisfactory way.

    Advice to Management

    Set an example by firing managers who bully and harass their employees. Invest significantly more resources in career progression and takea few risks in promoting under-recognised minority and female employees.

    Australian Prudential Regulation Authority2018-01-19
  9. "Employee"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 

    I worked at Australian Prudential Regulation Authority full-time

    Pros

    Very good work environment with good learning experience and good people

    Cons

    unfairness in salary pay - lower than average compared to what's offered in market.

    Australian Prudential Regulation Authority2017-12-17
  10. "Senior Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Sydney
    Doesn't Recommend
    Negative Outlook

    I have been working at Australian Prudential Regulation Authority full-time for more than 3 years

    Pros

    Work-life balance Some friendly people Knowledgable staff

    Cons

    Does not recognise high performers Poor pay

    Advice to Management

    Review HR policies and reward high performing staff. Promote from within

    Australian Prudential Regulation Authority2017-12-15
Found 19 reviews