I am part of the CT team in Wexford and wanted to know if there are any other departments in as bad of a position as us. Currently have 7 ppl on stress leave with two being group managers. Another couple close to going also! Senior management haven’t listened to us when the issues were beginning in the Summer. We scored the worse company wide in the engagement survey and they didn’t do anything to support us. Writing was on the wall and they just hoped that waiting it out will fix all issues. I feel sorry for the group managers left as they are powerless against senior management.
35 replies (most recent on top)
Left CT Wexford lately and I have to say it’s the worst place I have ever worked. I don’t know how anyone works there. I have to agree with other posters I can’t see CT surviving long term , too disorganised and management don’t want to know about any issues .
I left BNY almost a year ago. I should have left 6 months earlier but got manipulated by the managers into staying. This was also peak pandemic, mid lockdown. I wouldn't be surprised of the office closes, it's gone past the ability to fix and i'm assuming nothing has got better. It's difficult to think how it could have got worse after I left.
I was going to apply to Wexford but after making a few enquiries I have accepted a position elsewhere. Several employees advised NOT to apply.... poor package and poor management. Irony is that I have a masters in finance and management. As a graduate it is crazy to think that management are so poor.
Big announcement Friday week?
Fully agree. The office in Wexford is not a good place to work. Salary is marginally above retail when you factor in additional unpaid overtime that is required. There is no management there of any value.
This issue has been caused due to mismanagement at a site level and country level. Under qualified employees being fast tracked without any people skills or relevant experience. Putting incapable people in charge of projects so they can be bumped up ladder. Projects fail and those people are not held accountable. But instead promoted. Its a laugh a minute working here. Zero buy-in from vast majority of employees, including me. But hey, it pays the bills and as long as your prepared to see the funny side it's OK. 👌
Anybody experienced/senior looking for a job in CLO Collateral Admin?
Still terrible from what I hear, there is a big drive for new bodies but I hit the limit and thankfully for my own well-being got out! Feel sorry for my those still struggling daily in BNYM.
How are things now in both offices ? I had heard that there was a recruitment drive for both places recently. Has things improved ?
Get out now before the office closes next year?
The Wexford office is short of about 70 employees for the work load. However, some of the most toxic people work there as managers. Some would and have done terrible things to get ahead (over a full spectrum). These self absorbed managers need to be removed. Oh wait....sure they are in place because of favours for Dublin & London. Wexford does not matter to them.... until the office is closed. Toxic Wexford.
I see this post was from two months ago and it’s crazy to rationalise that the situation has got even worse. Both the Dublin and Wexford CT departments are under immense pressure currently. They are in huge trouble as each colleague I have spoken in regards to our current dilemma has expressed that they are all looking for roles in elsewhere! It’s only a matter of time for these sites to come crashing down
The short of it is that by the end of 2023 there will be 2 offices in Ireland. The reduction of footprint has been on the table for a while. Dublin will always be there. It's amazing how poor leadership manages to pull the eyes over the Exec. #wakeup
BNY Dublin is a mess. Not one leader in there with any pedigree. One of the heads with least awareness is now a branch head. She is so far detached from reality its unbelievable.
This is not an issue specific to any particular site.
People are not valued very much by BNY Mellon at all. The company will waste millions on technology and will then fret about hiring a few real people to plug the gaps on the half baked 'solutions'.
BNY Mellon is increasingly being led at the top by Tech who spend well, but the c-ap they produce trickles down and causes stress..
As for Wexford, the folks in Dublin will always be your bosses. Its the same in the UK, London is where the power is, they won't let go of it!
And don't get me started on the woke bs BNY Mellon is peddling... its intended to divide...
My advice, get out!
Is the Wexford office being run down? With far superior organisations expanding in the south east, maybe its faith is already sealed? The future talent that was profiled and promoted over the last few years is shocking poor. Those that selected the best prospects are not trained or experienced enough to do so. Management are the butt of every office joke. Its embarrassing having to hear some of the comments. The 30% club...give us a break. I am a female and cringe at most of the female managers in the office. Running a business means more than a false smile, well timed false laugh and wearing nice clothes. The bluff is over and the chickens have come home to roost.
One question..... why were some of the excellent long term employees on other teams not moved to Corp Trust rather than being made redundant. I know of one extremely smart guy and a few others let go earlier in the year that was highly respected and could have helped turn things around. Wexford is on the way out if they do not address the issues in the office. It's going from bad to worse and I fear for the office.
Nobody can force you to do anything so quit stressing out over it. You have it made compared to people just a few years ago, not to mention people from 50 years ago.
True, have seen many people pushed to the limit and break.
A complete lack of management and support has left staff feeling isolated along with the growing pressure of an already unmanageable workload had made the environment of working within the corporate trust department in Wexford unpleasant to say the least . New staff members are being left untrained due to the experienced staff working ridiculous hours just to meet BAU. It’s unfortunate to see as it was once a very enjoyable department to work for. Regarding those “sissies” on stress leave - they have every right to be, like mentioned below the majority of those out on stress are highly respected and valued employees who have gone above and beyond for their company and clients. Sadly they were pushed to breaking point along with others that have left for new jobs!
Taking care of your mental health is for "sissies" now apparently.... very in touch with reality
I took a hard look at myself. If you can't handle the stress with all your vacation days and holidays and leave your coworkers to do your job while you're out on stress leave, you are a sissy. Along with inconsiderate and irresponsible...
As someone who recently left the Wexford Corp Trust team ( for clarity on the comment referring to this as "vague", the department this post is about Client Services - Corporate Trust)
Also to the comment calling the people who were/are on stress leave "Sissies", you need a hard look at yourself.... Personally knowing these people they are excellent employees who have been pushed far beyond breaking point by management who's approach to employee wellbeing is sending an email every few months and telling employees "don't forget to disconnect from work" whilst simultaneously pressuring staff to do scandalous amounts of (unpaid in some cases) overtime to get the work done (each person is doing the work of 2 to 3 people)
The work/Life balance in there is disgraceful, which is a shame as this wasn't always the case....
If you're anything like the CT teams we used your whole team could be eliminated and save us a lot of wasted time.
They NEVER found a single bug in our systems.
They ALWAYS bothered us with basic non-app related issues such as LDAP and Trantor issues.
They NEVER learned our system or documented their test cases much less automated them.
They ALWAYS came to us for a system overview for their constantly changing of testers instead of training their replacements themselves.
7 people on stress leave and MY job was "eliminated"??? What a crock! That's worse than watching all the clock watchers who somehow avoided the hatchet. And I feel bad for any manager who has to deal with such sissies.
BNY need to look at the calibre of the employees that had too much respect for themselves to stay on or those made redundant in the last year. Many of the good people that were there years and developed the fabric of the office are gone. Decisions made elsewhere by people with zero interest in the office. You do not tear the foundations from a building an expect it to remain standing.
Horrible place to work, it’s never ending in Wexford, and the key message in your initial point was we could all see it coming and no one listened. There are talks of change, but not because staff are at their wits end, it’s because people have other options and are leaving and now their hand is being forced to change, if not there will be no one left in the department!!
It's a shambles. The way BNY treats folk is shocking. And management in Ireland are a disgrace. They know little or nothing about how to treat people. ZERO leadership
Let’s not forget the employee s–c-de stateside from working around the clock with no support.
The Wexford Office lost some of it's best people this year. Rocked the place and now moral is at an all time low. Some very toxic individuals who are ego driven in the company and some are in Wexford. A sad story for what was once a great place to work.
What is stress leave? I want to sign up for that.
not much better in asset servicing technic
Have tou ever heard of PII (personally identifiable info)? Revealing it is not allowed here, that’s why the posts are vague. And even if it was allowed, it’s just rude. How would you feel if you went on a stress leave and someone posts that info for everyone to see?
I don’t understand why no one gives any details. Wexford Corporate Trust means nothing to most people here unless they are in the Wexford office. Are you CT RMs and Sales? Product? Operations? If so which ops capability? Tech? Legal and compliance? Telling us “we’re the corporate trust team” is either intentionally vague or you don’t realize that means nothing without context.
Your comment will not allow anyone to independently corroborate your ask about if there are any others as “bad.” Bad in what way? If you’re an RM I assume it’s bad because the CT product offering isn’t competitive for example, and if you’re in ops maybe it’s bad because there’s too much processing work for too few people. I just don’t know how to understand your situation with such little extra information.
Certainly I can assume that this is about ops or tech since I think Wexford is a service delivery center, with the Irish front office based in Dublin generally. But more context would be really useful.
Not much better in Dublin TBH