Dtcc Reviews

Updated April 22, 2015
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2.9
123 Reviews
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Approve of CEO
Dtcc President & CEO Michael C. Bodson
Michael C. Bodson
45 Ratings

Pros
  • work-life balance, good benefits, lots of resources for career development (in 10 reviews)

  • They have a new work from home program, so they are trying to be progressive (in 7 reviews)

Cons
  • Senior management not very self-aware or sophisticated (in 7 reviews)

  • Management has no regard for work-life balance and everything must be done immediately (in 4 reviews)

More Pros and Cons

Employee Reviews

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  1. Helpful (3)

    Manager

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

    I worked at Dtcc full-time (More than 5 years)

    Recommends
    Negative Outlook
    Approves of CEO
    Recommends
    Negative Outlook
    Approves of CEO

    Pros

    Excellent benefits; training opportunities; great bonuses; opportunities for exposure to senior leadership; 17 years average employment (but it is changing now) with average age group of 45 - this could be good or bad depending on how you look at it.

    Cons

    Old school mentality; not enough of young and entrepreneurial individuals; difficult to switch departments even if you have the right skills; no free coffee, tea or anything else; the environment is way too conservative for me but it works for some.

    Advice to Management

    Hire people with diverse backgrounds to change the old school mentality and to find new opportunities

  2. Excellent

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Dtcc

    Pros

    Excellent quality leadership, difficult reforms underway.

    Cons

    Co having difficult time moderating between models-product-expert faction and formal credit analysis faction.

  3. Helpful (6)

    There IS life after DTCC

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

    I worked at Dtcc full-time (More than 8 years)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Good pay, good bonus, unique work experience, work from home, flex hours, 401k funds, opportunities to move within the company.

    Cons

    Poor morale, expensive benefits, poisonous culture, lots of talk about openness and trust, but no true openness and there is very little trust

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (3)

    Finance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Finance Systems Administrator in Tampa, FL
    Former Employee - Finance Systems Administrator in Tampa, FL

    I worked at Dtcc full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Nice building and there are good people in some departments

    Cons

    Now I know what DTCC stands for - Don't Think Cohesively Correct
    Invest like a Ferrari in FTI tool and performs like a Hugo - worst financial implementation of all time. If you can't deliver financial performance PnLs within 6 days of closing there is a huge issue- no excuses. It says it all about the performance of their new initiatives

    Advice to Management

    Mr. B needs to bring new Finance leaders that can deliver not make excuses. Leaders that are verse in new ways of thinking and that build team unity. Need new blood

  6. Helpful (1)

    Its a busy and ever changing environment.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Dtcc

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Good work, good pay & bonuses and flexibility.

    Cons

    IT mgmt are lousy decision makers that flip flop and aren't 100% truthful to their staff. Looking to downsize NY/NJ offices to build up foreign (Asian IT support) workforce.

    Advice to Management

    Mgmt should learn the business and then take time to know their own staff instead of keep a distance.

  7. Helpful (2)

    avoid as far as you can

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Jersey City, NJ
    Current Employee - Anonymous Employee in Jersey City, NJ

    I have been working at Dtcc full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Great place if you have no substance and can BS your way. Also great for any who like to play politics. They do hire many to fill headcounts with no real work - just to show work is being done. You are allowed to take training so long as it is free and you take it on your time

    Cons

    As somebody mentioned, its run by chinese mafia. Have to be a chinese to get the job at least a full time role that counts. poor management/leadership. Senior management has very good ethics and ideals but cant get it implemented by mid managers. Very biased .. poor support for career growth or training. Dont expect any work from home though they have wfh setup

    Advice to Management

    Fire the middle management. You may get your vision executed

  8. Helpful (1)

    Got work to do

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

    I have been working at Dtcc

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    small company for visibility, easy work

    Cons

    ever-changing company values, moving target every year, some managers make less than their directs, does not practice what they preach

  9. Helpful (2)

    Totally Un professional

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Risk Management Associate Manager in Jersey City, NJ
    Former Employee - Risk Management Associate Manager in Jersey City, NJ

    I worked at Dtcc

    Pros

    No pros..I can think of ..

    Cons

    Filled with chinese people, they prefer taking only chinese people. Full of themselves, no courtesy, they keep talking their own language. No regards to people. No professionalism, Management is not at all talented. Filled with old obnoxious Chinese guys. No gratitude, if you are not chinese, they will not extend any professionalism, They have no decency in any way!! God Save the company

    Advice to Management

    Have more diversity and please stop chinese managers recruiting only chinese people.

  10. Helpful (1)

    Lead Specialist

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Dtcc

    Pros

    Company is open to educating and advancing its employees. It promotes equal opportunities. It is also continuing to grow and improve its processes. It takes its function very seriously and continues to act like a leader in its industry.

    Cons

    Tends to have a 'big brother' environment in certain areas of DTC. While it is open to educating and advancing it is typically hard to get advancement in some areas the operations area still operates on a big brother mentality. It doesn't matter the quality of work but the people you hang out with outside of work.

    Advice to Management

    Operations still needs to develop and change its mentality.

  11. Helpful (1)

    Good Oportunity

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

    I have been working at Dtcc

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    You learn a great deal from your peers and the higher ups in the company.

    Cons

    In some departments you don't have much flexibility. There are a lot of senior workers who are aiming for retirement and don't have the best things to say which can be a damper on your mood.

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55 Water St

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