2.0
29 Jun 2017
Current employee, less than 1 year
Los Angeles, CA
Recommend
CEO approval
Business outlook
Pros
A lot of growth potential and opportunity for improvement at a bank with excess balance sheet capacity, low returns, poor efficiency and stagnant income growth.
Cons
Alarming number of low-level management positions (including director level) are populated by long-term low-achieving employees, many with 10+ years at the bank who have been promoted based on loyalty instead of merit. The low-quality business analysis and management reporting produced at this level is inadequate for senior management to make effective strategic balance sheet and growth decisions, thus causing stagnation and inefficient use of assets.