- Experience report
Bioengineer and Consultant, Charlotte Köhne,
describes the application process and her start at ifb
"The team spirit is one of the main reasons I enjoy working for ifb so much."
Like most natural scientists after finishing college, I was faced with the choice of pursuing the conventional path of doctoral studies or entering the job market. The job advertisements for IT consulting aroused my curiosity, because I had really enjoyed bioinformatics and programming in college. At first I was a little worried that the world of consulting would not fit my personality, but I felt comfortable with ifb right from the start. Even the welcome I received at the interview in Cologne was much friendlier than I had expected.
My first months at ifb were very exciting. Most of the other 15 new colleagues, who took part in the training session in Cologne, were also recent college graduates and we really bonded during the weeks we spent together. The structure of the training session and the fact that there was a lot of input in the form of various seminars made the transition from university to work relatively easy for me. After that round of training, I was lucky enough to spend three months in the development team of our partner SAP and therefore had a little more preparation time for my first project at a bank. Once I arrived at the client, I was very grateful to have had this intensive training, as it provided me a good foundation of banking knowledge in particular, before "getting down to business".
My colleagues were willing to provide assistance straight from the start. Everyone is really helpful and, if possible, takes the time to explain things from the ground up. I especially like how we interact with each other in a very positive way regardless of career level. People treat each other with appreciation and respect, which is why team spirit is one of the main reasons I enjoy working for ifb so much.
At the moment, I am helping a client with business analysis for Abacus A360, a reporting software tool. Especially in the test phase, the main focus is on error analysis. Whenever data is not correctly calculated or transferred, I search for the causes and possible solutions together with other business analysts and sometimes even colleagues from development and the specific business unit. I have always enjoyed thinking through different strategies and breaking a problem down bit by bit. In fact, my work is not all that different from the way of thinking in a laboratory, where something can go wrong in an experiment and solutions have to be found. The advantage of computer programs is that everything goes faster than in lengthy biological studies.
Physicist and Director, Dr. Sascha Florin,
speaks about his responsibilities as team leader and achieving the perfect balance between his career and his family life
"Several years ago, I was welcomed, appreciated and supported by a company that worked as one big team. I still feel that way, but now I also have the possibility to help others and make interesting career paths possible for them."
At ifb group, less emphasis is placed on counting working hours and more on results. This is a way of working that I knew and liked from my studies and that I was happy to maintain here. It may sound cliché, but achieving something together is our top priority. The challenge of continually coordinating a group and rallying it around a common goal during a project remains exciting and is a great experience for everyone involved.
During the last 14 years, I have been able to take on many different responsibilities including developing into a team leader. Through the interpersonal contact in the company, I quickly realized that this is a place you can feel comfortable and thrive. The creative freedom I have here has enabled me to contribute my values, while also cultivating and living out my own vision of what the interaction between employees and superiors can be, even in my role as team leader. I am continually reminded of how widely the needs of colleagues differ in the client projects based on their different personalities. Learning from these situations helps me tremendously in my own dealings with team members.
In addition to aiding with professional issues, this gives me the opportunity to help shape and support entire career paths. In this regard, I don't see myself as merely a boss, but as a motivator, consultant and helmsman for new markets and opportunities.In addition to team management, I am currently promoting topics that have interested me right from the start, such as business warehousing, developments in the field of artificial intelligence or in-memory.
Besides my work, it is important to me to have enough time and capacity for my family and friends. Personal responsibility allows me to remain flexible, so that I still have the capacity to pursue my interests outside of work and spend quality time with my family. When traveling, I can at least remain in constant contact with everyone close to me using new media. At the same time, changing project locations also provide me incentives to engage in numerous sports and cultural activities that I can take home with me as inspiration and share with my family and friends.
Business Data Processing Specialist and Senior Consultant, Tugba Altintop,
speaks about her transfer to ifb group and the everyday life of women consultants in domains still dominated by men
"If you want to contribute your own ideas at ifb, you will never be hindered, but helped and supported."
I was looking for a new professional challenge with the aim of directing my focus towards the financial sector. At the same time, I wanted to contribute and further expand my knowledge from my studies of business data processing and computer science. At ifb I found the best conditions to combine these two goals and quickly made my choice. My team leader's warm and open attitude during the interview helped make my decision even easier.
I was familiarized with the job within just a short time and even met with a client just one week after starting work. I really enjoyed being integrated in the daily project work at such an early stage. All my co-workers warmly welcomed me and introduced me to the project, so I felt like I was in good hands.
I am currently helping a client develop their internal control system. My previous experience in auditing and my background in business data processing and computer science helped me quickly understand the issues ifb group works on. Banking is a new subject for me and I am excited to be able to expand my knowledge in this direction. I really appreciate the diversity of topics and tasks at ifb group. The working days at the client can rarely be planned and depend on the situation. We deal with particularly challenging situations together as a team. Despite intensive, sometimes strenuous project phases, we take the opportunity to end the day with dinner together. I also like the fact that there is still time for activities outside of work, which is sports for me. Going to sports three of four times a week is just a matter of organization. If possible I book a hotel with a gym and otherwise I go jogging.
I found the corporate culture at ifb group to be open and relaxed. Thanks to the flat hierarchies, all colleagues communicate with each other at eye level regardless of their position. Young co-workers are accepted and treated the same as longstanding employees. No one here elbows their way up the career ladder. Instead, everyone benefits from a family-like atmosphere, in which co-workers are always available to answer questions. In addition to this, we work as a community on issues relevant to the future. If you want to contribute your own ideas, you will never be hindered, but helped and supported in realizing them.
As a rather petite person, I often notice that I am initially underestimated in the traditionally male-dominated domains of the financial world. As a result, I generally remain quite in the beginning and observe my surroundings. The amazement of male colleagues or clients is often all the greater when they realize how strong and self-confident I really am. I think these are two important qualities for developing your career in this industry. Within the ifb group, however, I feel no difference when dealing with colleagues. Women are challenged and supported here in the same way as men. People and their skills count here regardless of gender. That's exactly what I like about this job!
Business Economist and Consultant, Patrick Ball
speaks about the application process and joining ifb
"The training session is worth its weight in gold for everyone who completes it"
My current responsibilities include testing new ECB regulatory reporting requirements and supporting the implementation of the reporting software for these new reports according to ECB guidelines.
I became aware of ifb through a StepStone ad. During the quick application phase, the friendly and respectful approach convinced me to start my professional development at ifb. In terms of content, I find the interaction between business and IT in the banking environment very exciting. ifb has an international client portfolio that includes renowned institutes. This makes it particularly fascinating, as it allows me to get to know the various structures and processes in the individual institutes.
The application process was fast, uncomplicated and very friendly. Targeted preparation for the talks was particularly helpful. I found many useful tips online. The consistently positive and likable way ifb presents itself as a company and the atmosphere of the premises confirmed my motivation to successfully complete the application process.
I experienced my introduction to ifb as very well organized. A two-month training session made it much easier for us newcomers to join the project. The training round is worth its weight in gold for everyone who completes it. In addition to the technical training, the practical tips are very helpful. The training courses are also a good opportunity to get to know the contacts for various topics and questions at an early stage. I was pleasantly surprised that the Management Board visited us during the training session as well. I had not expected the Board to introduce itself personally to newcomers and answer our questions.
After completing the training session, the first project is of course exciting and a big challenge—from packing suitcases to the uncertainty as to how you should introduce yourself. But thanks to the commitment and support of my co-workers and project managers before the project and during the first days with the client, I was able to master this challenge smoothly. Regular telephone conferences ensure a constant exchange of knowledge with experienced colleagues. If you have any questions, someone is always available to provide competent assistance and help clarify any unresolved issues. Many experienced colleagues take into account that newcomers have varying levels of experience. They therefore convey their knowledge as understandably as possible. In addition to this, there is usually an experienced colleague on the first project, who can provide the necessary input.
The team spirit at ifb is excellent. Even after just a few months, I experienced a real sense of cohesion and harmony within the team. An external symposium reaffirmed this as well as the positive evaluations I had read in advance about ifb on the Internet. Whether in a project, at dinner together or after work, the atmosphere is always good and the interaction between all colleagues is respectful even during intensive discussions.
Physicist and managing consultant, Esther Pfuhl,
describes corporate culture and her experience at ifb.
"From physicist to techie and networking pro"
In my work with the ifb group, I am most thankful for my co-workers and the opportunity to continually take on new tasks and subject areas. In all truth, working together with my colleagues simply tops all else. They are extremely good at what they do, provide constant support and are always open for questions. This solidarity is, of course, especially helpful in the beginning. When I joined ifb after completing my studies in physics, I really wasn't familiar with ifb's specializations. The in-house training phase at the beginning provided me with an initial general impression, but you actually learn the most through working with clients. This sometimes involves just jumping in at the deep end, for example, when taking on responsibility in the first client project and having to prove oneself on one's own. The basic knowledge of programming that I gained in college helped a bit, but the most important factor consists of a certain will power and fascination for solving problems independently. One of my main tasks at the moment consists of feeding data into the Bank Analyzer, processing this data for technical testing and ensuring that the computer programs run smoothly. In addition to this, I am responsible for further development of the IT systems within the framework of data provision and modeling. In light of my training as a physicist, I've actually become a real techie and networking pro at ifb. Many industries are said to be male dominated. This can sometimes also be heard with reference to the world of consulting. But, as a woman, I think it is important to just do what interests you. As it turns out, I've always been in male dominated spheres and never had the feeling that I was at a disadvantage as a woman. Most of all, it helps to be oneself and not let anyone get you down. One of the most interesting experiences for me at ifb group was my project in Canada, where I spent one and a half years. It was extremely exciting to work in a non-German environment while at the same time getting to know new people and a new culture.
Physicist and consultant, Dr. Milan den Heijer,
describes the application process and his start at ifb
"I was seeking an employer that would allow me to pursue my own goals and include me in decisions regarding my development."
I am currently involved in a large project that consists of setting up a central database for a banking group. My job consists of entering data models and requirements using a tool to make connections transparent.
After college, I was looking for an employer in the financial sector, who would give me a lot of space for my own goals and needs, who was modern instead of conservative and who allowed me to continue to develop in a direction of my own choosing. The information on the ifb website and the interview gave me the impression that the ifb group might just be the employer I had been looking for. In the eighteen months that I've been working for ifb since, my initial impression has been confirmed on numerous occasions. I was most excited about having the opportunity as a physicist to wrap my head around banking issues. I also experienced the application process to be very positive. I quickly received a response after submitting my written application and gained an excellent impression of ifb in a phone call with an employee in the HR department. The job interview involved a talk with HR as well as a detailed discussion of issues related to the actual content of the job. Both of these meetings were with enthusiastic, likable, competent employees.
My first couple of months at ifb consisted of a project-independent introduction phase in the form of workshops. This familiarized me with the ifb group's fields of expertise. I'm not a very big fan of lectures, but these events were interactive with a lot of room for discussion, so they remained interesting. This phase was particularly important to me because I had little practical banking knowledge, being a non-banker myself. It helped me properly sort through the topics and terminology. In addition to this, the experienced instructors could tell me a lot about how projects are organized, which I truly appreciated. The first project followed right after the introduction phase. At the beginning, I found it difficult to get used to the dynamic nature of the project. It wasn't easy to fully understand the processes and responsibilities all at once. With the help of my colleagues, however, I was gradually able to manage this so it should be less of a challenge in the future. In addition to dealing with clients, communication among co-workers is very important at ifb. Interactions with members of the ifb team are very open and natural. In my experience, the hierarchies are flat in this regard. The exchange of information within the company is also extremely instructional. Issues are discussed intensively – in internal seminars, on the phone, via internet or by email – and when I have questions, I can always rely on my colleagues for help. All employees are also encouraged to participate in further training and even organize their own professional development activities. For example, I have already participated in training for a software tool that I use in the project.
International business graduate and director, Juliana Müller,
describes her responsibilities as a team leader and how she achieves a balance between her work and her personal interests.
International business graduate and director, Juliana Müller, describes her responsibilities as a team leader and how she achieves a balance between her work and her personal interests. Banks are subject to special supervision, obligations and regulations due to their central importance to the economy. The primary focus of my work consists of advising our clients in the banking sector with regard to these regulatory issues. This includes inspecting legal texts such as the Capital Requirements Regulation (CRR), which serves to implement Basel III in EU law, to be able to tell our clients what is relevant to them. Then we work out how the requirements can be implemented in their systems. The defined measures are subsequently put into practice by the client themselves or by our own implementation team.
Aside from my work with clients, I lead a team within the ifb group and therefore have additional responsibilities. I work with my team, for example, to examine new legal publications that could be relevant to our clients. We summarize our findings in presentations, provide the pertinent information and decide how the new regulations could affect our clients and what we can do to support them. I became a team leader because I love to share my knowledge and enjoy seeing my colleagues continue to develop their soft skills both professionally and personally. And I'm always happy to help them out.
As a team leader, I closely interact with my team members and am available for technical questions and discussions. I find it particularly rewarding to develop things together with this team of people from such diverse fields of study and with such a wide range of skills and characters.
My personal interests, which include staying fit and traveling abroad, are also very important to me and I am able to balance these interests with my work. The project-based work varies in intensity depending on the phase, and therefore I can even take longer vacations to travel to other continents with a little planning. I try to complete my triathlon training during the workweek whenever possible. There is always room in my suitcase for my running shoes and, if possible, I book a hotel with a pool and go swimming in the mornings.
Economist and ifb partner, Daniel Pott,
describes his professional development and his job as a partner, project manager and competence center manager at ifb.
"Ensuring the best results for our clients with enthusiasm and commitment.
I joined ifb twelve years ago and went through the same training phase that graduates go through today. As such, I truly "grew up" with ifb. Following a relatively short stint at SAP, I spent several years abroad at various banks in the Basel-II landscape and then assumed the role of project manager for a bank in the north of Germany. After five years at ifb, I was given responsibility for a team and worked with numerous brilliant graduates over the next few years. My team grew over time, thus resulting in the formation of new groups. At the same time, I had the opportunity to prove myself in the role of software developer within the framework of a project for a new client and soon once again took on a project management position in this context. After being promoted to Head of Competence Center in the ifb group, I managed not only my own team, but several others as well. Based on my experience in management positions within the company and successful work at clients, I was ultimately named partner and have since taken an active role in company management.
My superiors played a big role in my professional development by serving as both role models and mentors. I have always been impressed by their ability to address issues and motivate their co-workers. I hope I'm also such a good role model for my employees. In addition to this, two characteristics have been particularly helpful, namely enthusiasm and an empathy for the needs of my co-workers and clients. Empathy is an important part of the leadership role when it comes to assigning employees tasks that match their strengths and promote their individual development. And enthusiasm is an absolute necessity when it comes to putting commitment into action and truly impressing our clients. Today I am responsible for a wide variety of tasks. I manage several projects and teams at clients in the area of regulatory and reporting. This includes being on location three or four days a week as a contact person not only for the clients, but also for internal and external members of our team. I manage several team leaders and my Competence Center consisting of 45 employees. Within this framework, I organize the teamwork, plan hiring of new co-workers and promote new topics and products together with my employees and other team leaders. We work together closely and engage in a regular exchange with regard to new challenges.
As always, I am still impressed with how entirely committed my colleagues are to our clients. This commitment and the culture of collaboration, respect and performance are impressive and characteristic of the entire ifb group. The atmosphere in the team and with clients is friendly and cooperative. It is distinguished by a strong sense of community. Colleagues are accepted and involved, regardless of where they currently stand on the career ladder. We all work together and learn from one another no matter how experienced or how young the individuals are. We support and help each other even it requires extra effort and time. It continues to amaze me how quickly our younger team members excel as experts in their field and pass on their knowledge in internal workshops and projects. The variety of ifb specializations provides ample space for this. Development with regard to specific content then happens almost automatically in the project and in the exchange with colleagues. And this is a continuous process. I learn something new every day and am inspired by young and experienced colleagues alike.
Business economist, director and team leader at ifb, Heike Wilken,
describes her projects abroad and her experience in Colombia and South Africa.
"Openness, curiosity and acceptance help you learn the best traits of each culture."
I work in the area of risk and compliance in the ifb group's "Solution Implementation" division and am currently working for a client as a business analyst for "BCBS 239" in IT. I handle a variety of issues and thoroughly enjoy my work as a team leader. At ifb, I particularly value the team spirit and business mindset as well as the solidarity in the company or, as one of my co-workers put it, "the high density of friendly individuals". Although the company is made up of many academics, I immediately got off to a good start at ifb in 2008 as a business economist with training in banking and an affinity for IT, and quickly managed to gain an understanding of a wide variety of topics. The two-month in-house training phase provided me with additional preparation and I developed my knowledge in seminars and projects. Someone is also always willing to help out with specific issues.
So far, I've had the opportunity to contribute to two projects abroad. I spent almost a year each in South Africa and Colombia. In each project, I learn something new about topics, people, company environments, other cultures and myself. Each project presents its own challenges. Language was a hurdle in Colombia. Meetings, in which I talked to an interpreter in English and hoped he actually communicated what I meant, were a bit daunting. Later on in the project, I could more often understand what he was saying and at least intervene or specify in case of misunderstandings. In the end, I held the meetings myself in imperfect Spanish. Being able to communicate with people directly makes it possible to develop a more solid relationship. It helps to be open and approach people proactively when working in a different culture. In the projects abroad, I gained new perspectives on certain situations. What may seem self-evident to us, is not so at all in other cultures. A good sense of humor is always helpful in case of doubt. In South Africa, for example, the men are much more gentlemanly and would never forget to hold the door open for a lady. On the other hand, women have to enter and leave the elevators before the men. This is not always very practical and can really be quite funny. In my opinion, the colleagues in Colombia were better at separating between the people and the subject matter during contentious discussions. Ultimately, it is always helpful to observe people's behavior and remain curious, accepting and non-judgmental. In this way, you can learn the best traits of each culture.
The ifb group has an open-door policy and not all processes are pre-defined down to the smallest details. Therefore everyone here has the opportunity to find and define their own path and make a real difference. This is very rewarding. I've always had co-workers and superiors, who I could share with, and a good network with the required support even in difficult situations. Of course, not everything is picture-perfect, even here. But I would always choose ifb again because of the wonderful colleagues, the friendly working environment and the wide variety of projects and experiences.