I find it fascinating that managers expect me to care beyond a paycheck. How can they expect that considering how treated we are? What motivates us to go beyond our job description? It is increasingly clear to me that mgmt is... — read more
Promotions to MD: 10 out of 61 are from Asset Servicing. Is this normal/expected?
The only other group which has more is Technology, and they are considerably larger. Also, some of the promoted staff appear to have been with the bank for only a year or so…
My Benefit Wallet
Has anyone else had a problem with MYBenefitWallet not sending them a debit card or taking for ever to process an online transaction to pay medical bills? BNY Mellon only the best for its employees...ugh!
Cuts to our benefits will drive away all remaining talented employees
I have only two options, which is to take real action and go somewhere else or to continue venting while I try go guess what BNY Mellon will take away from us next time. What do you think, will they continue to cut our benefits? Now I have no... — read more
Retaliatory Quiet Quitting
Financial service workers aren’t organized, but they have other powerful ways of expressing dissatisfaction, ‘quiet quitting’ among them. When a corporation finds cheap labor, it’s called ‘good business.’ When an employee gives less but is paid... — read more
Pershing needs to get its house in order
Pershing has some serious issues, the first being they have driven the talented people away and all the average to low performers stay. If you are actually a good employee some leaders feel threatened by you. The culture of just rewarding “the... — read more
Reality Check
FULL DISCLOSURE - I am no longer employed by BNYM and I do not care about downvotes. With that in mind, most of you that still work there and frequent this board to complain will still work there at this time next year. The specifics of those... — read more
Peaking survey
So they continue to put out the stupid peaking surveys…. Claiming that they want our input. I seriously doubt most employees asked for reduced 401(k) benefits, pending layoffs, and mandatory three days a week in office. Funny how this reduction in... — read more
RTO 3 day requirement
Hani Kablawi reiterating the minimum 2-3 days in office really means 3 days minimum on the EMEA town hall this morning
401k match will be received the following year!
Email just went out about 401k matches being distributed the following year, end of first quarter for the prior year starting Jan 2023. Just when you think you’ve seen every way they can sc--w you….think again.
2023 - It’s Going to be a Challenging Year
All signs point to stress in the financial markets hiring will come to a standstill with the exception of key positions. It’s foreseen that layoffs will dominate, which will in tern have a domino effect on adding further stress to the financial... — read more
Let go of the loyalty trap
For some reason, there are people who have decided to remain loyal to this place. Isn't it actually surprising how many are still here out of loyalty even though it is not rewarded through some special work opportunities? Maybe it used to be... — read more
Our business model
It seems that our business model is failing again. I remember when we were told when rates rise, we will be golden. Not really seeing that. I also remember when J. Carter Bacot did not want to invest outside of the US. Now we are heavily... — read more
Layoffs?
Layoffs used to happen after Thanksgiving. Does anybody know what’s happening this year?
Bank of New York Mellon Layoffs 2023
Anyone would care to chime in with a prediction about potential Bank of New York Mellon layoffs? Any chatter, news or rumors?
Nataile Sutherland Doesn't Get it
No communications experience, running communications and marketing. Guess which side is floundering? Many communications people have left. All the re-staffing happens on the marketing side. She's a nightmare!
Roman Regelman thinks country code formats in the corporate directory are important
Why would the head of digital make such a fuss about about the format of country codes in the corporate directory? No one calls the desk numbers anymore. The phones (that no one logs into) on the desks are going to be removed. We only call on Teams... — read more
Bank accused of discriminating against women, Black and Latino workers in Jersey City office OKs $1.9 million payout
By Ron Zeitlinger | The Jersey Journal The Bank of New York Mellon Corp. has agreed to pay nearly 200 women, Black and Latino employees at a Jersey City office more than $1.9 million in back wages after the financial institution was accused of... — read more
Unrealistic deadlines
Unrealistic deadlines are a recipe for a disaster. It's really not clear to me whether our superiors don't understand that deadlines are unrealistic or refuse to understand it!? I tried to communicate the situation clearly and to explain that it... — read more
No incentive to transfer internally.
You will get no bump if you take a new job with the same grade. If you were at the minimum already, that doesn’t even matter. We all know if they took someone off the street for that same job, they’d get it at higher pay. Same with taking a higher... — read more
This applies to the whole company, not just HR
Stop treating people like they’re human chattel. Give a fair wage for a fair days work. Help people to grow in their careers. Stop acting as though you hold the power because you hold the information. Great organizations lead from the front and don’t... — read more
BNY Mellon compared to other types of finance or banking jobs
Some claim that working here is much more stressful than working at some of our competitors. Does the majority here think so? I would perhaps only partially agree because I had an even more stressful job before I came here.
How can we improve Human Resources?
Please provide your suggestions. They will be considered.
Rewards at BNYM
Not being selected for a layoff should not be considered a reward. Change my mind.
There are still many very talented people here
That is very surprising, considering that most people with such skills can find a much higher paying job. The stress and pressure certainly cannot be greater than here. I doubt that is possible. Of course BNY Mellon will not change anything as long... — read more
BNY mgmt and HR should be ashamed
BNY mgmt and HR should be ashamed of themselves as they can never grow business to support hardworking employees. but they are always growing their pockets. The only way they can do is cut the expenses and that’s by cutting benefits like HSA... — read more
TSG employee appreciation
those were some great muffins and juice they were serving up. i feel so appreciated
Transformation of a workaholic culture
When I first got a job here, I realized that this place fosters a workaholic culture. Employees are encouraged to take pride in their workaholism. Then that culture began to transform into something equally bad - truly hard workers became less and... — read more
Head Asset Servicing Sales-Phonie team
Who agrees.
Where is the ROI on Roman’s Investments
Has anyone noticed Roman loaded up on ESG and Digital/Data high cost talent over the past several years-where is the ROI and revenue generated from this inflated area??? Robin-maybe you should ask Roman?? Spending years in the alternatives area... — read more
BNYM Pension contribution from 12% to 9% - Is it only affecting the UK?
Communication is appalling . Does HR really think we are that stupid? Before we paid 12 %, soon, we'll be paying 9% but if you contribute to 3% we will match so you get 15%. Got it , but how many people providing their sh-t salary and shocking... — read more
If you got the layoff today post here
Post group/location and level and how it went down
How much overwork is too much overwork?
I am preparing to tell my manager that my work has become more than overwhelming. He never stops adding more work to my plate and at this point it is starting to damage my health. Unfortunately, I am afraid that the answer will be that it is not... — read more
Moving from level M to S (director to MD)
How long does it typically take to move from a level M to an S? Recent joiner at M level, and want to keep an eye on what it'll take to move up. I know it's case by case with everyone, scenario and your boss. Any advice would be great.
The power of balance
It seems that with the headwinds we are facing in 2023, the short-lived balance of power that employees held the last few years is pivoting back to the employer. As a long-term employee, I am unsure if this is a BNYM only thing or the same... — read more
Layoffs started?
I was hearing managers are already asked to drop some people. I noticed some groups already 1-2 people smaller. I can count at least 3 groups in past 2 weeks
Salary and Grade for BNYM
Post your salary and grade. I am K grade, NYC, $102K
Massive change in IT and Risk
Almost 30% of the workforce will be eliminated, and within risk management, Vince will bring his old trusted GS folks
Layoffs planned in NAV Ops Nov 15th 2022
Roughly 40% of workforce being let go. Mostly grade HH we were told today sad to report!
Layoffs Q1 10% levels JKL in technology.
Trying to get rid of non-programmers.