Pros
Rapid IT infrastructure improvement has been achieved in the past 5 years under the leadership of past Deputy CIO. Many exciting enterprise IT projects to come in the next few years. Overall, good company benefits and culture.
Cons
Leadership at the top of the IT department is positional, paranoid and power-centric. Dissent is seen as insubordination and punished accordingly. There is no appetite for diversity of perspectives. Anyone outside of the 8th floor is regarded as suspect. Decision making is done in a vacuum - 2 or 3 people at the top - even when decisions affect organizations many levels below. Input and dialogue with department VPs and leads is simply non-existent. A recent IT reorg was so badly handled, it devastated trust which is one of the hallmarks of FRB company values. People are still fearfully coming up from the rubble.