Pros
I struggle to say there are pros. I guess if you are looking to break into banking this will be a good fit. Lots of opportunities due to experienced, exhausted longtime employees exiting very consistently.
Cons
Constant shifting of direction. New CEO comes in and "let's throw this against a wall and see what sticks". They create a culture of fear rather than if teamwork. They switched to profit and loss performance bonus structure which is far too layered and hardly anyone trusts the numbers on the thousands of reports needed to discern them. Managers are no longer mangers. You are robots getting the tasks done that are ordered from State St. You get visits from management that are feared. You are coached constantly. You know your employees hate working there for far less than competitors. Very sad environment.