Avidia Bank Reviews

4.1

75% would recommend to a friend

(16 total reviews)
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Rob Cozzone

100% approve of CEO

74% positive business outlook

Avidia Bank has an employee rating of 4.1 out of 5 stars, based on 16 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Avidia Bank employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

16 reviews
5.0
6 May 2016
Recommend
CEO approval
Business outlook

Pros

Working at Avidia has been a breath of fresh air! The postive and constructive collaboration between departments creates an open environment in the workplace, where new ideas are welcome and encouraged. Management truly cares about building a better bank while maintaining a the same level of customer service.

Cons

When you are making drastic changes, there will be challenges and difficulties to work through. This can result in frustration amongst employees, regardless of the industry. As the positive effects of the changes are realized, the employees feel empowered because they've made a difference. Management is supportive of their employees who may be delayed in embracing changes, and works to encourage a positive work life.

5.0
17 Jan 2019

Great Company

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The Avidia Bank management team is open to new ideas! They are focused on developing their employees through leadership programs and trainings. Highly engaged talented people work here, making it a great place to network and grow

Cons

I have worked for the company over 10 years and have no complaints.

2.0
8 May 2024

Be wary

Recommend
CEO approval
Business outlook

Pros

You have a small community bank atmosphere, fair compensation and benefits, company events, and a clean and positive work environment. This is both a pro and a con, but my salary in this role was $67,550*. The senior role is around $85,000*, and I started off at $75,000* as a risk analyst. Then, the Lead Risk role pays roughly around $105k—$115k. Keep in mind an additional 7% of your salary as your bonus as well if company performance is 100%. If it is higher, of course, you will receive a little more sometimes or less.

Cons

It's crucial to be aware of certain dynamics in the Payments Risk Analyst role. Firstly, there may be inappropriate peer pressure to drink on company time, so it's important to handle such situations professionally. Secondly, documenting work and interactions with senior management is key to maintaining transparency and accountability. Developing personal relationships with management outside of work, especially when the VP and AVP are personal friends, could potentially put you at a disadvantage if there are performance concerns. As a risk analyst, you'll occasionally handle senior-level responsibilities, particularly in conducting periodic reviews of partners. This requires a thorough understanding of relationship agreements and other pertinent information. Given that three previous individuals in this role left, it's important to be mindful of these challenges. Your primary source of support will be your reporting manager, the AVP. Additionally, remote work may not be an option, as you'll need to be in the office primarily on Tuesday, Wednesday, or Thursday. Only the senior risk analyst works remotely. This role requires the ability to work independently and handle responsibilities with minimal assistance after six months.

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Avidia Bank Response
2y
We appreciate the time you took to write this review and assure you that feedback is carefully reviewed and considered objectively. We are happy to read that you enjoyed the atmosphere, compensation and benefits, company events, and positive work environment here at Avidia. Those are areas that we will continue to focus on doing well in and we appreciate the positive feedback. I’d also like to take some time to comment on the ‘Cons’ that were mentioned as we always strive to improve in areas we may fall short. First, I’d like to acknowledge that many of details referenced in the ‘Cons’ section, we would whole heartedly agree with and stand by. The Risk Analyst role is an important piece of our operations and we agree that this individual handles high level responsibilities which require, as stated, a thorough understanding of relationship agreements. The primary source of support for this role is the manager/AVP of the department. As mentioned, the role requires the ability to work independently and handle responsibilities with minimal assistance after six months, this is also accurate. It is also true that this is a hybrid role and will require some time in the office, particularly during training and/or if there are performance concerns that may require onsite support from the department manager. In regards to the other information referenced in this section, I’ll try to provide some general clarification, that I hope is helpful. While both alcoholic and non-alcoholic beverages are provided at our annual meetings and holiday parties, it is not our intention for any employee to feel pressured on what they choose to drink at these events. We hope that, if there is an employee that feels this way, they will talk with human resources or their direct manager about their concerns. We strive to provide an inclusive and welcoming environment for all our employees. While the bank does follow a written policy regarding ‘Employment of Relatives and Relationships in the Workplace’, we do acknowledge that, in banking, as in many industries, colleagues often develop friendships after years of working together. Our policy does prevent the employment of children, siblings, grandchildren, parents, and spouses of any current employee as well as anyone with a familial relationship (i.e. niece/nephew, in-laws) to an executive level employee. All employees are expected to maintain a professional environment regardless of relationships and should address any performance concerns objectively. Then bank has had two different individuals in this role over the last six years, as both individuals have departed the role, we are looking for a well-qualified Payments Risk Analyst to join our team! We hope that this review and the response given will help clarify what type of individual we are seeking and give some insight into the culture and support you will receive as one of our colleagues.
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Glassdoor has 16 Avidia Bank reviews submitted anonymously by Avidia Bank employees. Read employee reviews and ratings on Glassdoor to decide if Avidia Bank is right for you.