WaFd Bank reviews

3.4

54% would recommend to a friend

(643 total reviews)
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Brent Beardall

73% approve of CEO

47% positive business outlook

WaFd Bank has an employee rating of 3.4 out of 5 stars, based on 643 company reviews on Glassdoor which indicates that most employees have a good working experience there. The WaFd Bank employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.6 stars).

Reviews by job title

643 reviews
2.0
Oct 2, 2015

Selfish and petty management.

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Base employees and first line supervisors working in HQ have a good attitude, and strong camaraderie. It was fun and pleasant around the office provided management was out of the room. Nice breakrooms and pretty good free snacks.

Cons

Management is full of selfish, mediocre managers who are only concerned about the appearance they are doing a good job to the execs. Any mistakes made by manager will be quick blamed on a lower level employee. They form an "Untouchable" caste and treat entry level employees like peasants. Execs are straight up scary, and one wrong word to them will be serious trouble for you from your manager. Middle management is a mediocre lot, who are best avoided when possible. They police the employees tightly- there is even a rule you can only have a limit of 3 personal items on your deck (enforced, too. one day I had an extra picture of my kids out and got a verbal warning from a manager for a cluttered desk). Business formal dress code is fastidiously enforced. They even tightly regulate how and when you can eat snacks and coffee down to the letter (I received a warning that the snack I was eating at my desk was "too big" to eat at my desk- I was actually eating while I worked to successfully meet a critical deadline and just trying to be a productive employee!). I'd think they would be more concerned about the actual job you are doing. I.T. and tech modernization is years behind the curve, and improvement suggestions must be made very carefully politically, and go up a very long & formal chain of command just to get approval. Barriers hindering productivity take forever to get eliminated.

1.0
Nov 11, 2020

Wouldn't Recommend It

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

My compensation at the time of starting the job was good for the role; I really enjoyed working with my team

Cons

Workload--the workload was huge and frankly impossible; rather than providing consistent feedback, corrections were typically just made by QC, so nothing ever got better; there are 2-3 people who are deemed competent enough to handle "complex" reviews and that was all they were given often with deadlines a few days out on investigations that needed much longer so they end up working truly ridiculous hours (14-16/day) just to complete things. Work/Life Balance--overtime, constant overtime, is not just an option, it's an expectation. There was no way to get done what I needed to get done within the confines of a 40-hour week. Because so many people in compliance moved from out of state, I know of several people who have not seen their families in months or over a year because there just doesn't seem to be time. Things always seem to be coming up, resources seem to be constantly shifting, etc. Inconsistency--the only consistent thing I could count on was that if I went to 2 different people with a policy/procedure question, I would get 2 different answers. Things change almost on a daily basis, so it was hard to know from day to day what actually was correct--I felt like I never had the full picture or all of the information I needed to do my job, so no matter what I did, I was somehow always wrong. Culture--I have never before (and hope never to again) worked for a company with such contention between departments. It was a battle every day to talk to people working front lines or even non-compliance-related back-office departments. I understand where the ire from other departments comes from, but it took an emotional toll to constantly have to fight with people or be on my toes when I'm in the office or prep myself for fifteen minutes before calling a banker because they think you're the enemy whose sole goal in life is to make them miserable. Training--the training situation was very poor; people who don't have time or inclination to train new people were often tasked with training people with no industry experience and at times with very little computer experience. They don't have the necessary tools and resources to train people.

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WaFd Bank Response
5y
I appreciate the candid feedback as we work to build our culture of compliance. Our teams are working very hard and thank you for the work you did. We wish you all the best going forward.
1.0
Dec 8, 2015
Recommend
CEO approval
Business Outlook

Pros

Pleasant enough work environment. Good health coverage.

Cons

This company has no idea how to utilize the excellent people they convince to work for them. I am a few years from retirement & have seen debacle after debacle take place with every new & "improved" method, system or product implemented. They do not learn from prior mistakes.

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Glassdoor has 657 WaFd Bank reviews submitted anonymously by WaFd Bank employees. Read employee reviews and ratings on Glassdoor to decide if WaFd Bank is right for you.