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The PrivateBank

Acquired by CIBC

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"Stay Away From Internal Audit..." - Internal Auditor The PrivateBank Employee Review

1.0
17 Mar 2017
Recommend
CEO approval
Business outlook

Pros

You get a paycheck and benefits.

Cons

By far, the worst career decision I have ever made. Very dysfunctional and unethical culture. The managers consisted of the most incompetent, inept, and ignorant group of child robots I have ever worked with. Instead of building a respectable internal audit program; the managers are too busy gossiping, social networking, and playing Candy Crush. Along with their lack of intellectual capacity, there is a lack of maturity, integrity, honesty, transparency, accountability, and structure. Unfortunately, I had a very similar experience as another reviewer on this site. Not only did I refuse to partake in an unethical act against a fellow colleague, but I called them out on it. For doing the right thing, I was rewarded with harassment and ostracism. Which included backdated performance evaluations filled with lies. HR was not much better because they allowed this unacceptable behavior.

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The PrivateBank Response
8y
This is a highly unusual experience here at The PrivateBank. We take acting with integrity very seriously and our employees have rated this very highly (at least 90% favorable) in our last three employee engagement surveys. Our employees also have indicated that they feel they're treated well (over 90% in every survey). And we're really proud that our employees trust management and have mechanisms for reporting behaviors if they're inconsistent with our values. Lastly, it simply wouldn't be possible to achieve all that we have as an organization without our talented, highly committed team.

Explore other reviews about The PrivateBank

5.0
2 Aug 2017
Recommend
CEO approval
Business outlook

Pros

Family friendly Incredible hard working co workers Fast paced Strong management Growth company Client focused Flexible work options Interesting place to be

Cons

Uncertainty due to CIBC acquisition makes job security a little scary. Management is older and will be replaced in next three years.

5
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The PrivateBank Response
8y
Thanks so much for your positive comments; I'm glad that you find this to be a great place to work as that's our intention. We know that in times of change there can be uncertainty and as you've said "scary". As I mentioned at the all-team meeting this week, we're really excited about being part of CIBC and we feel that there will be tremendous opportunities to grow and develop in a larger organization. Our leadership team is engaged and excited about the future and we're committed to building something special here in the U.S. with our talented team.
2.0
23 Feb 2012
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Compensation was decent and the competitive nature made for an exciting place to work initially. My boss was generous with time off and I was able to gain exposure to some underwriting and credit training.

Cons

My boss created hostility within other departments by sticking his nose in their business and trying to make their problems his own. We were assigned special projects that never were finished and received little to no direction while in process, and then were criticized when they weren't done the way he wanted. Was micromanaged on a regular basis and had to track all of our activities in meaningless spreadsheet that was merely glanced at whenever my boss decided he had time to kill.

2
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