Citco Canada

www.citco.com

Citco Canada Reviews in Toronto, ON

Updated January 2, 2015
Updated January 2, 2015
46 Reviews
2.8
46 Reviews
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Kieran Conway
9 Ratings

31 Employee Reviews Back to all reviews

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  1.  

    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 a 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
  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 a 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. 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
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  5.  

    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 a 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
  6. 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 a 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
  7. 1 person found this helpful  

    Former Employee

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

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

    Pros

    - great learning experience that opens doors to other opportunities
    - employer is good at hiring talent
    - good place to broaden your knowledge of investment products, portfolio management and investment accounting

    Cons

    - long hours
    - high turnover

    Advice to ManagementAdvice

    Seems to work for them, so no advice

    Recommends
    Positive Outlook
    No opinion of CEO
  8. 3 people found this helpful  

    If you hate yourself this is a great place for you to work

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

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

    Pros

    NOTHING .. there is nothing that can be taken as a positive from this place.. maybe a pay cheque but that`s it!

    Cons

    EVERYTHING .. from the moment you step inside the walls start to close in on you and everything smells like the Irish

    Advice to ManagementAdvice

    get a life!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    Good place to learn financial accounting

    • 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 a year)

    Pros

    - Good place for new graduate who wants to pursue a career in finance
    - Learning how different financial instruments work and the accounting for these instruments
    - NAV calculation

    Cons

    - Long hours
    - limited internal development
    - Low growth of salary

    Recommends
    Positive Outlook
  10.  

    Citco challenges you to think outside the box so those willing to display ingenuity will shine here

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

    I worked at Citco Canada full-time (more than 10 years)

    Pros

    -investment in IT solutions and support
    -investment in training
    -decent salary levels
    -opportuntiy for advancement

    Cons

    -loss of family i.e. caring type atmosphere
    -narrowly focused on the bottom line (used to have more weighting on its people)
    -company vision poorly communicated and put into practice across the various offices (over emphasis on regional & local interests rather than global)
    -no or minimal bonuses even though customer base (aum) has grown and continues to grow

    Advice to ManagementAdvice

    Know what you vision is, communicate it and work with local management to get this across and understood and acted upon by all employees. Reward your employees and recognize their loyalty and hard work. Too many of us that devoted our minds, souls and time to the company had to pay the price for mismanagement of resources by others. Bigger is not always better.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11. 2 people found this helpful  

    The worst job I ever had

    • 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 full-time (more than a year)

    Pros

    - Okay benefits
    - Convenient office location

    Cons

    This is the worst company I have ever worked for.
    - Terrible work life balance
    - Poor communication
    - Some good managers but most of them have no managerial skills
    - Subjective work reviews
    - Toxic culture

    Do not take this job unless you have absolutely no other alternatives.

    Advice to ManagementAdvice

    Just because you let your employees get off work on time doesn't mean you are good managers.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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