Dexia Reviews

Pros

- financials
- specific challenges
- stretching

Cons

- unclarity about future
- uncertainty

Advice to Senior Management

clarify the future

Pros

health insurance coverage
9 to 5 "work" hours

Cons

the real work done is not recognized
too much sterile politics
obvious glass ceiling
no management leadership at every level while the bank face another crisis
communication within branch and intra group non existent at best

Advice to Senior Management

really no lessons learned since 2008

Pros

Benefit package here is quite good. Vacation time is generous, at 4 weeks for AVP, 5 for VP. Other reviews are spot on when they say that the work-life balance is good. Evening or weekend work is almost unheard of.

Cons

Lack of motivation and initiative among many of the worker bees. No real innovation here. IT organization is completely inept, using technologies long considered out-of-date at any other "real" bank. Typical French politics. if you speak the language, you might advance a bit faster than a non-French speaker.

Advice to Senior Management

Completely overhaul inept IT organization by eliminating current management and hiring qualified individuals Stop hiring consultants to do work that can easily be done by internal staff who've been properly trained. Stop wasting money on outsourcing business processes that can be done more easily (and cheaply) in-house. Pay more in salary to attract higher-caliber talent.

Pros

Security, Stability, Usability, Profesional, Innovation

Cons

Low Internal mobility,Language Barriers,Weak career management, Old IT system,

Advice to Senior Management

Very proactive

Pros

Dexia is a place where you can enjoy a good work life balance and good benefits. If you know the right people, you can live there forever.

Cons

Very political
Foreign based so French and Belgian people have the "home" advantage
Pay is very much below market
Poor management
Terrible HR

Advice to Senior Management

Because management will always be French and Belgian, talented local people in NY will be promoted only to a certain point and leave the company because there will no longer be any opportunity for growth for them. It's a shame. And, paying low, Dexia keeps attracting people with poor performance record.

Pros

Terrific benefits and a very strong work-life-balance ingrained in the culture. In very rare occasions are the weeks where most people work more than 40 hours. Additionally, the health insurance benefits are provided by the company. In the world of banking/finance, job security is something most people have in Dexia.

Cons

The compensation is well below the market. Additionally, having an expat Senior Management Team leads to complacency and lack of initiative among native staff. Unfortunately, most of the senior managers are in NY for a five-year assignment and back off to Europe after it's over. This really should change to build a more solid team in all of the branches.

Advice to Senior Management

Allow there to be some risk taking and actually promote Americans to the higher levels in the NY Branch.