Pros
Reasonable benefits and fairly relaxed atmosphere. The people that aren't making management decisions at the C level across divisions are helpful and hardworking.
Cons
Management is terrible in communication and hasty decision making. Very unprofessional environment. HR is unhelpful to the point of saying that they understand if people go to interviews during the day because the company will do nothing to help its employees. Or do not answer queries at all. From a day to day perspective, the custody/bank employees do not know how perform tasks that are part of their jobs, making things more difficult for clients and blaming other divisions. The company prides itself on its risk aversion, but are willing to trade for and open accounts for institutional clients with incorrect legal names, no KYC and AML checks. Lawyers are not responsive to client negotiations, impacting revenue growth. Recently State Street shut down one of its businesses without offering to help a single of the 200 employees impacted and treating them like second class citizens throughout the winddown process. I was told they rejected a request for a retention bonus to help with the winddown. This is far below market standard. Overall, I have been disappointed by the company after having worked there less than 2 years and I have worked for a few similar banks in the past. This is by far the worst.
