Fannie Mae reviews

An unexperienced 33 year old CISO who fired all the best talent, plays favorites, and continually says one thing and does another. He first action as CISO was to fire 20% of the staff and then remove flexible work schedules. Right after the firing he bragged about how he was bringing in a cohort of individuals who were trained for 12 weeks by a staffing firm. He ended up firing several talented people because they came in after 9:30 even though they worked late. In one case he made one very respected employee fill a higher position with more work and the same pay for about a year only to give the position to someone else. It was chaotic and unpredictable with the CISO in charge. He is building a work environment where the entire security organization will be in a large open area which will be difficult for all the people that need to concentrate. It isn't a Wall Street brokerage after all. He also has talked about a shark tank for employees, where you have to pitch ideas to management, who will proceed to rip you apart. What kind of message does that send to employees when they are the prey and management are the sharks?

- Highly regulated company. To get a salary increase you have to go through FHFA. Managers do not feel like going through that hassle - Salaries are subpar for Washington, DC (prepare to have a roommate) - Bonuses are miserable. - Directors and VP’s get special treatment. They break all the rules and nothing happens - Some VP’s abuse benefits. They will spend over $100k traveling and staying at hotels so that they can live the good life at a cheaper city while hard workers have to find ways to afford living in DC - Performance Management tool is a joke. Everybody knows it, everybody complains about it and nothing is done to change it. Managers will sacrifice new employees to give more senior employees a better rating since a bell curve needs to be satisfied. So, you will not get the subpar 3% they “guarantee” even if you meet expectations. Same goes for the “bonus” - I moved offices 3 times in under a year. Signed a year lease and was never told we would be moving prior. I found during orientation - Management thought it would be fair to just give a $1,200 yearly raise to offset moving the office to midtown. That is not enough to cover gas and parking. Most people will need to spend an extra 30 minutes commuting and pay more in rent to live closer. - People are rude in the company as most people in DC - VIP parking (within the same building) was assigned via a “lottery”. Two drawings and “surprisingly” all managers and above got a spot - Serious ethical issues such as directors wanting others to fail to look good or just say “I told you so” - Constant power struggle amongst management - No one works on Fridays; they just keep Jabber active and pretend to be working - No assigned offices. There is a 40% deficit in available seats in the new building. Let’s see how that works out on Mondays through Thursdays - Life balance is non-existent. Managers will make you work on weekends and holidays. They will not explicitly tell you, but give you deadlines that leaves that as the last resort