Euroclear Bank

www.euroclear.com
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Euroclear Bank Reviews in Brussels

Updated November 26, 2014
Updated November 26, 2014
15 Reviews
3.4
15 Reviews
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Approve of CEO
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Tim Howell
15 Ratings

15 Employee Reviews Back to all Reviews

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  1.  

    senior manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in Brussels (Belgium)
    Former Employee - Analyst in Brussels (Belgium)

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

    Pros

    extra benefits and wearing ties

    Cons

    communication and extra benefit and lol

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Great money for work-hours

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Operations Specialist in Brussels (Belgium)
    Former Contractor - Operations Specialist in Brussels (Belgium)

    I worked at Euroclear Bank as a contractor (more than a year)

    Pros

    Training sessions, Good starting money, Good bonus,friendly environment.
    Focus on the employee

    Cons

    Not easy to evolve. Salary is stuck at the same level more or less.
    Hard to get promotion even if the company is performing well.
    More opportunities to Belgians
    Some tasks are very repetitive and boring.

    Advice to ManagementAdvice

    Try to maximize value from educated persons. Not misplace them on wrong positions. Create more mind challenging tasks for operations people.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Working in operation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations Specialist in Brussels (Belgium)
    Former Employee - Operations Specialist in Brussels (Belgium)

    I worked at Euroclear Bank (more than a year)

    Pros

    - amazing learning experience
    - benefits are great
    - multicultural
    - coffee for free
    - nice lunch every day and weekly too
    That's pretty much that.

    Cons

    - repetitive job
    - I didnt see myself doing that all my life

    Advice to ManagementAdvice

    the company culture is amazing

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    very good company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Internal Consultant in Brussels (Belgium)
    Current Employee - Internal Consultant in Brussels (Belgium)

    I have been working at Euroclear Bank full-time (more than 3 years)

    Pros

    open culture in a very dynamic environment

    Cons

    none so far really to recommend

    Advice to ManagementAdvice

    keep it up

    Recommends
    Positive Outlook
    No opinion of CEO
  6.  

    Generally positive but decision making can be very tortuous.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Consultant in Brussels (Belgium)
    Former Contractor - Consultant in Brussels (Belgium)

    I worked at Euroclear Bank as a contractor (more than a year)

    Pros

    Salaries and benefits are very competative. The large number of different nationalities make for a stimulating work environment. The work is interesting, challenging and varied.

    Cons

    There seems to be an endless number of people empowered to block any initiative. It can be a frustrating experience at times. There is a perception that the penalties for failure are much greater than the rewards for success.

    Recommends
    Negative Outlook
    Approves of CEO
  7.  

    Graveyard of talent and creativity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate Manager in Brussels (Belgium)
    Former Employee - Associate Manager in Brussels (Belgium)

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

    Pros

    - Money - They have lots of it, and quite a bit will come your way (salary, perks, bonuses)
    - Location - very easy to get to (central Brussels)
    - Always recruiting
    - Got "best employer in Belgium" award in 2003
    - Lots of IT training courses.
    - Looks like buzz-word bingo on a CV

    Cons

    - Of the 300+ graduates they take on a year, only something like 20% last 2 years
    - Bonus structure leads to a rigid management style where everyone is looking after their own interests and not looking at the greater picture.
    - Small teams, highly compartmentalised. Open and direct communication really upsets the applecart.

    Advice to ManagementAdvice

    Psychological profile your hires. Don't take on broad minded, creative people.

    Doesn't Recommend
    No opinion of CEO
  8. 1 person found this helpful  

    6 years of living hell and continuing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Security Management in Brussels (Belgium)
    Current Employee - IT Security Management in Brussels (Belgium)

    I have been working at Euroclear Bank full-time (more than 5 years)

    Pros

    Company Bonus, Luncheon Vouchers & clean office.

    Cons

    When i started i was promised that i could have a career that i wanted, the management didnt fulfil their promises. When i wanted to move to another department i was constantly blocked from moving, they tried everything they could to keep me within the department but in another team.

    I remember when culturally it used to be a company for humans, like one of the posts mentioned and fully agree, they want a workforce of robots where you are not allowed to be intelligent. I get swamped with dull and robotic tasks, the company operates stringently and procedural.

    There are employees whom dont have the same expertise of someone else and get a higher salary, appraisaly become unfair, dont be surprised if you encounter bully techniques by the management which i have experienced causing dperession & burnouts.

    Im still employed and looking outside of the company for a career change not so easy.

    Advice to ManagementAdvice

    The company needs to change its work practices, attitude and approach to its employees otherwise the turnover of employee sickness & departures will increase. employees should be given the resepct and merits that they deserve.

    its sad to see how the company does not encourage career diversification, this needs to change, management are constantly in meetings meaning they dont have much time for you.

    Doesn't Recommend
    Negative Outlook
  9. 2 people found this helpful  

    Former Euroclear employee

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Service Specialist in Brussels (Belgium)
    Current Employee - Client Service Specialist in Brussels (Belgium)

    I have been working at Euroclear Bank full-time (more than 3 years)

    Pros

    It used to be a good first job for young graduates without any particular background in finance. The training team and the HR department were well organised. Salary used to be ok for a first job and before the crisis you could do extra hours that were paid. Age average is 25-30. People from different backgrounds and nationality.

    Cons

    They are offshoring part of their services in Poland. No long term career perspectives. The management is overall bad and there is no real meritocracy. They are more and more demanding in terms of individual performances especially since they adopted the Lean method which caused several burn outs and long term absences. When it comes to reduce the number of employees they will use any method to get rid of you (unfair evaluation, harrassement, etc.).

    Doesn't Recommend
  10.  

    Financial infrastructure - cooperative structure owned by financial institutions

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

    I have been working at Euroclear Bank full-time (more than 8 years)

    Pros

    Good learning opportunity for starters - however, not to stay long

    Cons

    Undergoing the LEAN waves dicated by external companies.

    Advice to ManagementAdvice

    ..........................................................

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    Subjectif analysis based on experiences

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

    I have been working at Euroclear Bank full-time (more than a year)

    Pros

    best school to learn and understand back office of finance

    Cons

    client focus, business first and very professional

    Recommends
    Neutral Outlook

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