Avoid Fund Accounting and Control Management - Chief Control Officer BNY Employee Review

1.0
Jan 10, 2018
Recommend
CEO approval
Business outlook

Pros

You are given the opportunity to lead large scope initiatives.

Cons

Fund accounting is a disasater. Four different systems with different controls makes it nearly impossible to execute consistent policies and procedures. Management refuses to hire the necessary staff to meet objectives. One senior executive stated, “you should expect to fail everyday as we are not adequately staffed.” You are a number working with this group. With 20 years of professional experience at a senior level I never thought I would write a review on Glassdoor.

Explore other reviews about BNY

5.0
Jun 23, 2026
Recommend
CEO approval
Business outlook

Pros

Really technology driven and laid back first

Cons

Low salary for new associates.

4.0
Jul 5, 2026
Recommend
CEO approval
Business outlook

Pros

There is real opportunity for career and skill growth. The company runs short on head count, so people willing to take on more responsibilities have avenues to progress. However, you will need to force the issue for promotions & large salary increases after you prove your capabilities. Realistically it'll take an external counteroffer to move the needle.

Cons

It's a large bank and you're a number in the system. If your NPV is positive you'll stay, else you'll be laid off. This includes both scenarios you control and those you don't. Ex. You control your performance, in office time and networking You don't control if your location is a strategic growth site, if a major client goes with a competitor, or if you'd be impacted by a general company-wide layoff plan.

See reviews by: Helpful|Rating|Date|All