BNY Mellon has little to offer in terms of carrots (cutting edge technology, interesting projects, attractive compensation, etc.) so they are reduced to using sticks (forced rankings, threats of punishment over minor administrative oversights, being late on training that has nothing to do with one’s job, myriad other petty things.
This is why they can’t attract top-notch talent. They are the dusty shoed accountant with out-of-style glasses and dusty shoes, clinging to last-decade management approaches and dated technology. They hang alive because, let’s face it, backward ‘financial plumbing’ Is better than an out house — barely.