Promontory Financial Group
3.9 out of 5 stars.
Get weekly updates, new jobs, and reviews

Promontory Financial Group Employee Reviews

Review this company
Job Title
Location

Ratings by category

3.8Work-life balance

Sort by

HelpfulnessRatingDate
Found 20 reviews matching the searchSee all 84 reviews

Easy going with various projects to take on. Straight forward work.

Indeed featured review

The most useful review selected by Indeed
The job usually entails straight forward easy work to get done if you have experience in the AML field. Flexible work times make it easier to manager your work-life balance. Job stability is shaky as it is project based as it is with most consulting companies. The building in the Markham office has free snacks, pool tables, table tennis, foos ball, a pin ball machine and a decent gym.
Was this review helpful?

Enjoyed working at Promontory

If they were still hiring in Toronto, I would definitely apply back. Unfortunate decision they had to make due to the pandemic. It was place where I felt I could grow my career.
Was this review helpful?

I hate it here.

The management here is inept on every level. They couldn't even drum up new business before one of the main contracts ended. The head of management is a clueless snake. Their location in Markham is a terrible commute. Do not work here if it all possible.

Pros

decent salary

Cons

inept management, terrible commute, consistent layoffs
Was this review helpful?

Fun workplace

"Great people - very diverse background which brings a fantastic cultural mix to the team" They provided on the job training for the compliance procedures, offered overtime, and had a nice office"
Was this review helpful?

Productive, Great work environment, excellent benefits

Promontory Financial Group was an IBM company. The collaboration with IBM extended the opportunity to mingle and work with many people from different backgrounds in IT, finance, banking and journalism. The company gave us excellent benefits, great pay. The venue has a fully-accessible gym. Free snacks. Wonderful wonderful place of work
Was this review helpful?

Rate your recent company

Share your experience to help others

Reasonable work environment

Full-time employees enjoy substantially greater benefits than contract hires. Flexible work hours between 7:00 AM and 10:00 AM. Work in an extremely high security setting, no phones allowed
Was this review helpful?

good work environment

Management is a pretty unorganized otherwise good work environment. being associated with IBM, good work culture is practiced. They need to focus more on Employee training.
Was this review helpful?

A good place to start your career

A good place to start your career. Management needs to be far sighted to get projects. Job culture is good but there is always insecurity. Company needs focus on getting business and not rely on one client.

Pros

Salary, Good Work place and environment, Stress Free

Cons

Job Security
Was this review helpful?

Productive and fun work place

• Investigate cases/alerts with content relating to correspondent banking transactions, high risk geographic areas (HRG), sanction, and commercial or small business clients. • Review and investigate unusual transactions report (UTR) generated by Automated Transaction Monitoring (Oracle, Fortent) or branch submission (FCRM). • Completing analysis report or AAF on closing UTR or filing suspicious transaction report (STR). • Apply expert knowledge of bank’s products and business practices to investigate and assess potential AML and operational risk exposures. • Analyzed client data, documentation in order to determine a client risk profile as established under the KYC procedure • Coordinated with FIU (Financial Intelligence Unit) to prepare Unusual Transaction Report (UTR) and Suspicious Activity / Transaction Reports (SAR/STR) and other reports (TMAF – Transaction Monitoring assessment Form) as needed • Provide case specific AML guidance to new trainees including specific direction on appropriate escalation procedures and enhanced due diligence to mitigate potential money laundering and terrorist financing risk.

Pros

work indepent, lots of learning oppotunities.

Cons

business heavily rely on single major client.
Was this review helpful?

Pros and Cons

PROs Company ensures its employees are well trained Provide a variety of job opportunities CONs Lunch time is not included as part of workday hour 30 minute lunches Unrealistic management expectations regarding daily workload
Was this review helpful?

It was a great place to start in Canada. I'm grateful for the opportunity.

Company could do more in choosing the right Managers with the right attitude towards colleagues or subordinates. Some existing Managers have made the environment very toxic to work.

Pros

Flexible work hours

Cons

Terrible attitude of some of the existing Managers
Was this review helpful?

Productive and flexible

No Job security because of the unprepared leadership Good working conditions at first flexible hours and good balance of family and work But management needs to be improved.

Pros

Good starting salary

Cons

Unfortunate terminations because of reactive management
Was this review helpful?

Productive

Good company to work, has a IBM back up. Management is good. Training is good. Workplace culture is excellent. Hit the targets for production. Parking is available.
Was this review helpful?

Poor company

Decent Salary but poor culture and very boring work. No chance for growth. Work is very monotonous and depressingly boring and there are few opportunities to go into management level positions.

Pros

High starting salary

Cons

Few growth opportunities
Was this review helpful?

Terrible Management and Work Environment

I have been with Promontory for the last 6 months, I have never worked for a company with poor management and a terrible work environment. Team Leads either have no AML experience or Management experience. Anyone could be a Team Lead at this place, no experience required. Team Leads don’t have time to approve any cases, they are approving timesheets or standing around talking. Analysts with AML experience are forced to take on their workload and approve their cases. They end up taking all the credits for the work those Analysts did. To top it off, they update their title on LinkedIn to Manager instead of Team Lead and lie about what they did. QA team full of flirts. What do they do? Only god knows. The environment is like a hostile. With the new changes to the team, everything is tracked. Starting from the time you get in to 10 mins break. If you have no AML/Managemnt experience, and knows how to to suck up, you will become the next Team Lead or Operations Manager.

Pros

Pay and the people

Cons

Management (Team Lead, QA and upper management)
Was this review helpful?

Team leads and managemtents are not helpful at all

I am not sure why Promontory would hire people with no people managing skills and their experience + knowledge in compliance and AML are not any better than the normal analyst working here. So good luck seeking for help and learning with your "team lead". Also this place is fill with micro managers, they track your break time, track when you go to washroom using a excel system called EDT. Very hostile working environment, with bad people managers. If I had to say one good thing about this place, then it the fact that its now under IBM so it looks good on your resume. Anything else I wouldn't recommend coming here.

Pros

Pay is somewhat better than industry average

Cons

inexperience team lead, no development opportunities, very micro managing centric
Was this review helpful?

Nightmare Team Leads

The Team Leads make it a workplace that’s not friendly at all. No feedback or one on ones is provided with our work and they expect us to maintain unrealistic targets. Maybe if the Team Lead stops spending all day writing emails maybe we can have more feedback and career development.

Pros

IBM facility

Cons

Unimaginable targets
Was this review helpful?

Work place environment is great

There are great people on board and work place is great, everyone is very helpful and the management is supportive and nurturing. There are various activities conducted by the Ibm management to keep the fun going.
Was this review helpful?

nightmere management

not responsible at all and would blame you for the downside of work which in fact instructions came from the management themselves very chaotic office environment after all
Was this review helpful?

Awful work environment

Very little support, no guidance, negative attitudes towards developing junior staff, fiddling on the margins in competitiveness. My direct supervisor was condescending, often absent, demanded perfection without providing guidance. Shortly after I left he was released, so perhaps the culture has changed since it was purchased by IBM.

Pros

Excellent Salary Comp.

Cons

Long Hours
Was this review helpful?

Want to know more about working here?

Ask a question about working or interviewing at Promontory Financial Group. Our community is ready to answer.Ask a Question

Overall rating

3.9

Based on 84 reviews
5
35
4
25
3
10
2
7
1
7

Ratings by category

3.8Work/Life Balance
4.1Salary/Benefits
2.7Job security/advancement
3.3Management
3.5Culture
  • Companies
  • Promontory Financial Group
  • Employee reviews