Pros
Excellent work-life balance. Hours are flexible. Of course you're expected to get the job done, but workload isn't outrageous that it's not possible in <50 hours/wk. There is the occasional week that is 60+, but no different than any other tech jobs. Excellent benefits. The only local player with better benefits is MSFT. Collaborative environment. People are very willing to help. Compensation is good.
Cons
There's a definite lack of domain knowledge due to overly complex/convoluted legacy systems and turnover. Many times the older systems need to be reverse-engineered to figure out what's going on. There is a company-wide initiate to correct this. Slow to innovate, largely due to bureaucratic overhead, overly heavy processes and paperwork to release features to production. Many teams are still not agile in their development practices, and the typical and somewhat frequent re-prioritization from management causes unneeded churn. After 3 months, haven't been given clear picture of career path.