Pros
Good benefits, in the IT department folks generally get 25-30 days of annual vacation. People are nice and generally follows a well defined protocol. Company offers numerous training, but most of them are not technical in nature. There is flexibility with work hours and working from home is well accepted.
Kontras
Projects are demanding, personal sacrifice is observed for many flagship projects. Generally salary is capped early in the career and it is difficult to move up to a higher job band. Work life balance is difficult to maintain due to global team augmentation model (parts of the team will always be offshore in India, Brazil, or China). Meetings outside of what is usually considered core hours elsewhere takes place on a regular basis. The bank tends to be overly receptive of IBM solutions that has a recent track record of undermining employee's productivity.