Pros
Work from home, lots of time off based on hiring rank, pension plan. Never ending supply of projects and initiatives to work on improving existing and archaic practices. Get onto the right team and the sky is the limit on what you can get your hands into and learn. There are some great leaders in the data and development teams on the west coast but less on the east coast teams.
Cons
The constant regulatory scrutiny, compliance needs and large teams of people and consultants often make it challenging to get projects over the finish line. Progress takes time and patience since it requires checks and balances at every turn and buy in from business executives, which piles on the red tape. Some managers don't believe in work/life balance and use aged hierarchical scare tactics to get people to perform so they don't get in "trouble" with senior management, hence the morale is not where it should be across many teams.