Standard Chartered Bank

www.standardchartered.com
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Helpful (1)

Real center of gravity is in Singapore

  • Comp & Benefits
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Anonymous Employee in London, England (UK)
Former Employee - Anonymous Employee in London, England (UK)

I worked at Standard Chartered Bank

Recommends
Approves of CEO
Recommends
Approves of CEO

Pros

great brand
nice people
strong culture
support flexible working
Peter Sands
open, light working space
get real exposure to developing markets

Cons

very isolated in London - real action in Singapore
long, ponderous decision making
political - only good news can be given
some blockers have been there far too long
lacks a performance edge

Advice to Management

Get faster and more courageous in decision making
Move HQ to where your markets are
Improve quality of some of the senior management team

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  1. Helpful (1)

    Disorganised, bogged by poor infrastructure

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

    I have been working at Standard Chartered Bank

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Progressive environment.
    Generally open to new ideas and ways to improve.
    Willing to invest in human resource - However this could backfire as senior management rush to hire additional headcount or 'layers' who may not add any qualitative value.

    Cons

    Consistency and long-term strategy is either missing, or simply poorly communicated to the ground.

    Politics quite thick, as expected in an organisation where senior management do not make it a point to be transparent about performance tracking and measurement. What constitutes good execution or success? What is not?

    Incompetency at some senior levels, resulting in much political maneuvering in order to prove sense of worth/value in the system.

    Advice to Management

    Senior management needs to talk among themselves a lot better, and communicate decisions/give feedback to the ground in a more consistent and clear manner.

  2. Helpful (5)

    A bit traditional and hide-bound, but trying to improve and making palpable progress in its work culture.

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Human Resources Product Specialist in Singapore (Singapore)
    Current Employee - Human Resources Product Specialist in Singapore (Singapore)

    I have been working at Standard Chartered Bank

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    The company is on a positive trajectory. Its business is growing and it communicates its successes consistently and effectively. It is involved in "green" initiatives and volunteer work, and given that its footprint is Asia, Africa, and the Middle East, this is commendable. It's a very international place. My team included an Australian boss and team members from Singapore (2), Malaysia (1), Nigeria (1), USA (1), India (1) and the UK (1). During the economic crisis it continued to give very generous bonuses, which are based in individual performance, and there were few signs of cutting corners. Training and travel were mostly supported. It is not a place for finger-pointing and there is an acknowledgement that you are doing your best and you are allowed to experiment with different methods and work solutions. It has grown on my to the point where I look at it mostly positively.

    Cons

    When you look at best practices in world-class companies, you can see the bank is striving but does not reach this level. It has a lot of silo departments and entrenched practices, and the way of holding meetings or making presentations dates to the stone age - death by PowerPoint, rigid style, non-productive meetings. I am in training and development, where you'd expect some dynamism in ways of doing things, but it's hide-bound and traditional. No one really has a clue as to bring the place up to a new level. Incrementalism is the order of the day - and no rocking the boat, please. Promotions seem to be based on personal ties, and if you've got a myopic boss then forget objective reality and facts. Decisions are still top-down, with the man or woman at the top allowed to assess the situation and prescribe the solutions. People who have come from other organizations say it can be slow and old-fashioned. If you stick to your guns, stick to the knitting, you do get things done, but inspirational, visionary leaders are few and far between. Managers say salaries are pegged to the market, but many of us feel we're at below-market salaries.

    Advice to Management

    Let some new and diverse points of view flow through your departments and listen to new ways of doing things.

There are newer employer reviews for Standard Chartered Bank
There are newer employer reviews for Standard Chartered Bank

See Most Recent

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