If you are looking for bank job go somewhere else
Pros
A lot of opportunity to move up because there are tons of people leaving this organization. The turn over is crazy. The executives are trying to turn around the bank so there are hopes but they are not going too deep about the root causes. There are no team work between branch, imperial service, wood Gundy and credit card center and commercial banking. people just want sales target to be done. Nobody care about service. No matter how good service you do, you will get treat like you are useless if you can't sell. Only solid salesperson get to stay. Mangers are very roughy to bad salesperson to make them quit. They try to not letting the good salesperson move up. Average performance are stuck. Everybody just thinking of getting a job in other bank as exit strategy. No authority to staff. Everything is not allowed. A lot of hierarchies. System is so old fashion like in the 40s. If you refer business to your partner you will get absolutely nothing nobody is helping each other. Everybody work together are competitors. There is no partner within the bank. Pay is well below market avenger and that's why people are leaving after training. Only wild animal can survive and excel. If you work in this bank and excel you have all the ability to be successful in anywhere any organization. And that's the pros!!
Cons
The executives are too conservative. The hierarchies are too strong. The performance scorecard between channels are competitor more then team. Training is good but the pay is low; everybody get trained and moved on to other bank for higher pay. Turn over is crazy. No authority to staff. Not very competitive. Leaders only looks for sales numbers. And leadership means how to get people work for no pay. The bonus is just a joke. No incentive to work hard as financial service rep or even senior. THe compensation for imperial service advisor keep getting cut down year after years. Advisors are all bringing their client and go to other FI. Leave the dust to CIBC. Managers and executives are getting fat pay and not helping. Keep bringing new technology but not focus on how to link the branch core, imperial service and wood Gundy together as team. Keep spending stupid money on break away and get branch staff work like tel banking call center keep making outbound call to disturb clients. And get units and use the fact to judge outbound call works. And it actually do not work. And really low staff satisfaction. And below average pay.
