2nd interview with CFPB - safe agency?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Does CFPB only match to 5% on TSP? It seems that FDIC and SEC match higher.

CFPB matches 7%.

Sorry, are you sure? I couldn’t seem to find it on their website.

this is the benefits sheet linked in current jobs openings: https://files.consumerfinance.gov/f/documents/201706_cfpb_benefits.pdf

[Anonymous]

also, the SEC match is cash-only and you only vest that cash after i think 3 years at the SEC. So it's a much less attractive package than additional matching into a private 401k. you lose all market gain for those years, and if you leave the SEC before vesting, that money goes away.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Does CFPB only match to 5% on TSP? It seems that FDIC and SEC match higher.

CFPB matches 7%.

Sorry, are you sure? I couldn’t seem to find it on their website.

this is the benefits sheet linked in current jobs openings: https://files.consumerfinance.gov/f/documents/201706_cfpb_benefits.pdf

It's the same as the Federal Reserve's - 8%. 7% is a match and 1% is automatic regardless of the employee's contribution.

[Anonymous]

Anonymous wrote:also, the SEC match is cash-only and you only vest that cash after i think 3 years at the SEC. So it's a much less attractive package than additional matching into a private 401k. you lose all market gain for those years, and if you leave the SEC before vesting, that money goes away.

Are you talking about SEC or CFPB matching?

[Anonymous]

Benefits and pay aside, is it like any other agency that pay have poor management with a toxic boss here and there? What’s the telework policy like?

[Anonymous]

Anonymous wrote:Benefits and pay aside, is it like any other agency that pay have poor management with a toxic boss here and there? What’s the telework policy like?

The most defining characteristic of the culture of CFPB is turbulence. It is very political, and both mission and operational policies tend to swing dramatically with new leadership. And new leadership is likely to come in over the next few months. It will be both exciting, but also stressful to work there. There are some very inexperienced senior executives throughout the agency. Subject matter expertise and commitment to mission is strong, but leadership and management skills generally are not (though there are some pockets of excellence.) The culture/vibe varies quite a bit by organizational unit, so it might help to know more specifically where you are looking.

Telework policy pre-COVID was fairly generous (I believe up to three days per week for most staff). Currently, everyone is working from home, with people only going in voluntarily. Who knows what will happen moving forward.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Benefits and pay aside, is it like any other agency that pay have poor management with a toxic boss here and there? What’s the telework policy like?

The most defining characteristic of the culture of CFPB is turbulence. It is very political, and both mission and operational policies tend to swing dramatically with new leadership. And new leadership is likely to come in over the next few months. It will be both exciting, but also stressful to work there. There are some very inexperienced senior executives throughout the agency. Subject matter expertise and commitment to mission is strong, but leadership and management skills generally are not (though there are some pockets of excellence.) The culture/vibe varies quite a bit by organizational unit, so it might help to know more specifically where you are looking.

Telework policy pre-COVID was fairly generous (I believe up to three days per week for most staff). Currently, everyone is working from home, with people only going in voluntarily. Who knows what will happen moving forward.

New poster - how's life in the Human Capital Unit? I see a posting there for a senior position. Would your "exciting, high stress" statement apply?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Benefits and pay aside, is it like any other agency that pay have poor management with a toxic boss here and there? What’s the telework policy like?

The most defining characteristic of the culture of CFPB is turbulence. It is very political, and both mission and operational policies tend to swing dramatically with new leadership. And new leadership is likely to come in over the next few months. It will be both exciting, but also stressful to work there. There are some very inexperienced senior executives throughout the agency. Subject matter expertise and commitment to mission is strong, but leadership and management skills generally are not (though there are some pockets of excellence.) The culture/vibe varies quite a bit by organizational unit, so it might help to know more specifically where you are looking.

Telework policy pre-COVID was fairly generous (I believe up to three days per week for most staff). Currently, everyone is working from home, with people only going in voluntarily. Who knows what will happen moving forward.

Hi there, thank you for this detailed response. I was referred for a non IT position in the Office of the Chief Data Officer.

[Anonymous]

Bump

[Anonymous]

Anonymous wrote:

Anonymous wrote:also, the SEC match is cash-only and you only vest that cash after i think 3 years at the SEC. So it's a much less attractive package than additional matching into a private 401k. you lose all market gain for those years, and if you leave the SEC before vesting, that money goes away.

Are you talking about SEC or CFPB matching?

As noted, I was writing about the *SEC* matching; someone upthread was saying that they thought the FDIC and SEC match was more generous than the CFPB. I was explaining how the SEC match is deceptive.

[Anonymous]

What is the culture like now that the elections are over?

[Anonymous]

Bumping this thread. Had an interview a while back and then had to do a writing assessment for the second phase.

Does anyone know anything about the interview process? I've already done a panel, so it's interesting I had to do a writing assessment as well. How's the agency with new leadership coming in?

Work from home for the foreseeable future and any chance for remote opportunities?

[Anonymous]

Anonymous wrote:Bumping this thread. Had an interview a while back and then had to do a writing assessment for the second phase.

Does anyone know anything about the interview process? I've already done a panel, so it's interesting I had to do a writing assessment as well. How's the agency with new leadership coming in?

Work from home for the foreseeable future and any chance for remote opportunities?

I asked about remote for a lawyer posting during the interview. Was told not at this time.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Bumping this thread. Had an interview a while back and then had to do a writing assessment for the second phase.

Does anyone know anything about the interview process? I've already done a panel, so it's interesting I had to do a writing assessment as well. How's the agency with new leadership coming in?

Work from home for the foreseeable future and any chance for remote opportunities?

I asked about remote for a lawyer posting during the interview. Was told not at this time.

Did you have a second interview or any other assessment? Things seem to move slow with the agency.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Bumping this thread. Had an interview a while back and then had to do a writing assessment for the second phase.

Does anyone know anything about the interview process? I've already done a panel, so it's interesting I had to do a writing assessment as well. How's the agency with new leadership coming in?

Work from home for the foreseeable future and any chance for remote opportunities?

I asked about remote for a lawyer posting during the interview. Was told not at this time.

Did you have a second interview or any other assessment? Things seem to move slow with the agency.

Honestly, particularly right now, CFPB hiring is moving faster than most federal agencies. They have a ton of postings out with hundreds of applicants for many. It takes a long time to get through them all and make the best choice. Be patient.