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1 person found this helpful

Culture Issues

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

I worked at Dtcc full-time (more than a year)

Pros

-Decent salary
-Respected in financial services industry
-Work-life balance in many departments isn't bad

Cons

-Technology implementation changes are very slow
-Many departments that are similiar don't work together
-Some critical people in key technology roles are overworked due to cost cutting measures
-Sometimes have to email people many times to get them to do something.
-Some people that have been with the company for 10+ years particularly in technology related roles are basically tenured but no longer add value to the company. This is part of the reason change is so slow and departments often don't work together as they should.

Advice to ManagementAdvice

- Change the DTCC culture. Make DTCC a younger more efficient company
- Hire more technology support staff
- Get rid of people with the company for a long period of time who don't add value

Doesn't Recommend
Neutral Outlook
Disapproves of CEO
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  1. 2 people found this helpful

    Waste of good people, poor risk management.

    • 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 full-time (more than 5 years)

    Pros

    Some excellent people in the middle, lower ranks and contractors. Diverse, promising recruits with fresh ideas and enthusiasm. Several really brilliant veterans hidden in the jungle (must be their day job). Decent base salaries, standard benefits package, liberal training opportunities.

    Cons

    Unfortunately, the best ones leave or are let go. Senior management not very self-aware or sophisticated. Lots new risk management programs, mostly fluff with no substance, resulting in riskier operation due to poor communications between staff and senior management, bureaucratic overwork, stress and general confusion. Mis-use of contract workers to avoid paying benefits and make budget (lay off when need to fill $$ gap). Penny-wise, pound-foolish not providing adequate support and tools to employees, not recognizing and utilizing (well-paid) talent. Software and hardware mess makes work inefficient and frustrating.

    Advice to ManagementAdvice

    We need an organizational psychologist around here (if it's possible to hire anyone who'd be able to present an objective critique). Question whether current business model allows sufficient independence to truly assess and manage risk. If executives don't get honest with yourselves, you'll sink this company. What a shame.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. New Senior Management has no clue on how to run a Depository

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

    I have been working at Dtcc full-time (more than 10 years)

    Pros

    The company has good Pay and benefits(discontinued the pention plan)

    Cons

    Will only deal with people senior mgmt has brought into the company. Does not understand the concept o a budget.

    Advice to ManagementAdvice

    Do not discount the people who made the company what it is

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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