Citco Canada

www.citco.com

Citco Canada Reviews

Updated January 16, 2015
Updated January 16, 2015
46 Reviews
2.8
46 Reviews
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Kieran Conway
9 Ratings

Employee Reviews

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  1.  

    My experience at citco

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Citco Canada full-time (more than 3 years)

    Pros

    Citco provides a dynamic and challenging work environment that allows an employee to develop a diverse set of skills in a short period of time.

    Cons

    Citco operates in a demanding and ever changing environment. This leads to the need to carry out projects and initiatives in order to adapt and to gain efficiencies. These projects are often rushed and not properly resourced due to a lack of experienced employees to carry them out. The end result is a poorly executed project that causes additional work for teams and adds unnecessary OT hours to staff that have already reached their limit with over time. As you may have guessed, the result is more turnover and thus perpetuates the vicious cycle.

    Advice to ManagementAdvice

    Avoid band aid solutions. If you're going to do something do it right the first time. Devote sufficient resources to carry out projects and initiatives so that the end result is an increases in efficiency and not duplication of effort.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    CItco great entry job but not long term.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investor Relations Specialist in Toronto, ON (Canada)
    Former Employee - Investor Relations Specialist in Toronto, ON (Canada)

    I worked at Citco Canada full-time (more than an year)

    Pros

    Free Beer, money was ok. people are young and some are very fun to hang out with it.

    Cons

    poor management alot of over time and some of the staff are unhappy and it shows.

    Advice to ManagementAdvice

    Hire managers that have management skills and care about life balance.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  3.  

    lots of 20s people, so the culture is young and fun

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Hedge Fund Accountant in Toronto, ON (Canada)
    Current Employee - Hedge Fund Accountant in Toronto, ON (Canada)

    I have been working at Citco Canada full-time (more than an year)

    Pros

    the culture and the people you work with

    Cons

    repetitive jobs and high workload during month end

    Advice to ManagementAdvice

    9-5 working hours

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    OK for an entry level position

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Citco Canada full-time (less than an year)

    Pros

    Young, fun and supportive colleagues. Learning opportunities within the Hedge Fund Industry.

    Cons

    Bad management - from a hiring spree to a massive lay off within 4 months.
    Nepotism and office politics.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. 2 people found this helpful  

    Not a company you want to work at unless you're fresh graduates

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Fund Accountant in Toronto, ON (Canada)
    Former Employee - Senior Fund Accountant in Toronto, ON (Canada)

    I worked at Citco Canada full-time (more than 3 years)

    Pros

    free drinks and beers. But recently the quantity of beers is reduced as well. Simple work and pretty much repetitive so good for fresh graduates without experience. Strategic location and easy to get by subway. There are some good people here.

    Cons

    BELOW AVERAGE SALARY.

    Depending on which group you're in, it can be difficult to work with the supervisors or managers..either mean or unprofessional. Some never learn the meaning of "respect". They blame on your work if there are errors while neglecting they have some lousy part in doing the reviews. Almost impossible to move to other departments or groups.

    There is no work life balance. They expect you to over time. If you dont, it will reflect negative in your performance review that you dont make effort. It was a gruesome long hours and adding the last incident where they wiped the whole department and dumped the jobs to all senior/fund accountants. Workload kept increasing and they demanded you to take more responsibilities (force you to sign secondment) but nothing reflected on your compensation.

    Work hard for the company and received only 1000 bonus by end of the year despite all the long hours spent and received praised emails from internal and external clients. Manager tampered with your performance review to make sure you didnt get a good raise despite all the proven emails AGAIN from internal and external clients praising your excellent job! Manager only gave "good" performance (rating 3). Rating 1-5 with 1 is poor 5 is excellent. When question why the answer was like that he said he never gave more than 3.

    Politics here is pretty thick not very obvious unless you have been a while with the company. If you close to certain top people you can get promoted so it's not really based on your performance. Here maybe the reason for poor spv/mgr.

    Recent trend: BEWARE Citco is CUTTING cost everywhere. They wiped 2 departments and you can see here and there lacking. They get rid of long time employees and replace them with newer cheaper less knowledgeable employees. While I understand the strategy, it's really DIRTY how they do this. They basically questioning those employees about their work and told them they have performance issues. Yeah right after 5-7 years of work. Force them to silently quit with lots of unnecessary pressures. If you persevere and finally fired, they force you to sign a letter that basically you cant sue them. Why dont they just give a compensation package if they want them to leave rather than unpleasant doings. Disgusting!

    Advice to ManagementAdvice

    Should ask themselves if those people on "management level" actually know the meaning of "managing people". test their people skill first and if they pass with flying color then consider to hire/promote them. I have seen quite many people on the wrong positions with either no technical/knowledge/people skills.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7.  

    Sr Fund Accountant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Citco Canada full-time

    Pros

    Great culture and excellent learning curve if you are a fresh grad.

    Cons

    Small Salary, used to be long working hours, but company implemented several rules and work/life balance improved.

    Advice to ManagementAdvice

    None required, management are skilled and great to work with.

    Recommends
    Approves of CEO
  8.  

    Great place to work at

    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Fund Accountant in Toronto, ON (Canada)
    Current Employee - Senior Fund Accountant in Toronto, ON (Canada)

    I have been working at Citco Canada full-time (more than an year)

    Pros

    Great company culture; growth opportunity; and experience in the industry.

    Cons

    Over saturated market and lower wages

    Advice to ManagementAdvice

    Keep it up!

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Good Entry level Company

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Citco Canada

    Pros

    Good Opportunities for growth. A young dynamic office with lots of opportunity. Lots of on the job training opportunities.

    Cons

    Repatative work. Same thing ever day. Can involve long hours of work. company tends to pay low for a long time until you prove yourself but never really compensates you for improvement.

  10. 1 person found this helpful  

    Amazing Work Environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant in Toronto, ON (Canada)
    Current Employee - Fund Accountant in Toronto, ON (Canada)

    I have been working at Citco Canada as an intern (less than an year)

    Pros

    - laid back work environment
    - A lot of opportunities given to network amongst people within Citco
    - provides good opportunities to expand your knowledge and skills within the specified work area

    Cons

    - long hours
    - lower salary
    - not voluntarily given other tasks (need to voluntary in order to get exposure to other areas of the profession

    Recommends
    Positive Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Bad company ever exists!

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Citco Canada

    Pros

    Can't think of anything good, except they let you ware jeans during summer months. I bet they do this just to prevent people from going to interviews.

    Cons

    Bad organizational practice from top to bottom.
    No work life balance, just work work work.
    All employees need to do semiannual physical checks to make sure their health condition is good.

    Advice to ManagementAdvice

    Too late for that.

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