Standard Chartered Bank

  www.standardchartered.com
  www.standardchartered.com
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SCB banking on banking the growth markets

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Managing Director  in  Singapore (Singapore)
Former Employee - Managing Director in Singapore (Singapore)

I worked at Standard Chartered Bank full-time for more than 5 years

Pros

SCB focusses on emerging markets, typically high growth economies where local expertise acquired over many years holds a (possibly temporary) competitive advantage for them. With a full suite of wholesale/investment banking products there are not many client needs SCB cannot address if it chooses.

Cons

There are certain strong ethnic 'cliques' that dominate aspects of the wholesale bank in particular. With these cliques having certain strongly specific working styles, the challenge for an 'outsider' from a different social and business background is to fit in, be part of in the information flow and not be excluded. In the wholesale bank in particular, it appears to help to be ethnically Indian if working in Singapore.

Advice to ManagementAdvice

One might speculate that constant restructuring is a bank leader's raison d'être! Once distant from daily client interactions, what value does one add if not to reshuffle the deck chairs? SCB's leaders are like those in many large banks, believing that solving complex strategic problems can be achieved by adjusting organisational structure; through moving reporting lines on 'organisation charts'. Push more decision making down the organisation; break-up ethnic cliques; aim for stability in strategy and structure; take long term views of markets and clients and don't follow the herd.

Recommends
Neutral Outlook
Approves of CEO

593 Other Employee Reviews for Standard Chartered Bank (View Most Recent)

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  1. 1 person found this helpful  

    Global Company with Challenging Work Environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Manager  in  Singapore (Singapore)
    Current Employee - Senior Manager in Singapore (Singapore)

    I have been working at Standard Chartered Bank full-time for more than 8 years

    Pros

    Its a very international work environment with colleagues of different nationalities. Company constantly changing and trying to improve. Lots of learning opportunity as well as opportunity to move into different areas of banking. Relatively "flat structure" attitude where anyone can reach out to anyone. Colleagues are generally helpful but it takes time to break the ice as many are overwhelm with work and stress.

    Cons

    Too many frequent changes especially re-organisation create culture of uncertainty and inconsistency. Everyone has to keep finding a good fit to stay relevant in organisation. Most managers are focus on staying relevant, self-promotion or managing-up, career growth depends on oneself to seek. Internal politics and hiring practices resulting in nationalities enclave for departments. HR non-personal and non-existence for most except for management staff. Matrix organisation can be a challenge where non-one is willing or can take a call for major change/improvement. Continue training for staff non existent,

    Advice to ManagementAdvice

    Lack of clear strategy and leadership top-down and frequent re-organisation creates a disjointed culture with inconsistency for continuity. Focus on cost drive and off-shoring result in less pleasant customer experience. Company is relatively low technology focus with off-shore back-offices as backbone for bulk of operations.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    RM

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Standard Chartered Bank

    Pros

    The company cares a lot for its employees

    Cons

    Growth is slow in this bank

    Advice to ManagementAdvice

    THe growth should be made more clear for employees

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