Euroclear Bank

  www.euroclear.com
  www.euroclear.com
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Euroclear Bank Reviews

Updated July 30, 2014
Updated July 30, 2014
24 Reviews
3.0
24 Reviews
Rating Trends

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Tim Howell
6 Ratings

Employee Reviews

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  1.  

    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 for 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
  2.  

    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 for 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
  3.  

    I was expecting much more from this company.

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

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

    Pros

    Possibility to get training abroad, big, well recognized company in the financial word, professional job interview.

    Cons

    Poor salary not adequate for a very responsible, stressful and hard job (good remuneration only for locations in Belgium). No clear career path, poor development opportunities, no job/life balance. Employees who work abroad get a much higher salary for the exactly same job duties - very unfair and demotivating.

    Advice to ManagementAdvice

    There shouldn't be so big difference between salaries in different locations for the exact same job duties; people should be better remunerated for their very complex and hard/stressful job (especially in Client Service); No motivating benefits for the employees.

    Doesn't Recommend
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  5.  

    Very positive.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Service Specialist  in  Faubourg de Bruxelles, Hainaut (Belgium)
    Former Employee - Client Service Specialist in Faubourg de Bruxelles, Hainaut (Belgium)

    I worked at Euroclear Bank full-time for 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.

    Advice to ManagementAdvice

    Come out of your bubble....

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Generally positive but decision making can be very tortuous.

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

    I worked at Euroclear Bank as a contractor for 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.  

    Euroclear - Safe but boring

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

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

    Pros

    Easy job, normal working hours, not to much stress and overall a very nice office in Central Plaza

    Cons

    Hardly any training, no challenge, hardly growth opportunities except if you are an expat from headquarters in Brussels

    Advice to ManagementAdvice

    Come out of your bubble....

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  8.  

    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 for 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
  9.  

    very friendly and good company culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Systems Analyst  in  London, England (UK)
    Current Employee - Systems Analyst in London, England (UK)

    I have been working at Euroclear Bank full-time for less than a year

    Pros

    Investing in employees, offers a good salary for entry level

    Cons

    Work veterans comply 70% of employees, demanding in skills and qualifications

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Bureaucracy, inefficiency, incompetence at surprisingly high levels

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

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

    Pros

    Okay salary, good job security, good working hours (varies widely by department!), decent benefits and training, undemanding (if you call that a good thing).
    The crisis did some good, and things are slowly, slowly getting better in some areas.
    All in all, it's an okay place to be (again, varies quite widely by department). The company in general is doing extremely well.

    Cons

    The very opposite of a meritocracy, extremely poor inter-departmental cooperation, the competent people take what they can and move on to better jobs, while incompetence is rewarded and encouraged. Maintaining the status quo and not challenging decisions is seen as "loyalty". "Rocking the boat" is not seen as innovation or challenging, it's seen as being a troublemaker. Very poor decisions are not challenged. Excessive and disfunctional bureaucracy gives senior management the illusion of control and stability, while it delivers the opposite. "Throw money at it" is the usual solution to all problems.
    Staying too long is career suicide, because the company culture pushes you into in some specific, narrow field of expertise from whence you will never escape.
    Tools are beyond antiquated (spreadsheets and email is about as high tech as it gets), few have any idea what kinds of productivity and collaboration tools are available today.
    Everyone really skilled and competent ends up leaving.

    Advice to ManagementAdvice

    Get rid of the mass of middle managers that have been there 10, 20, 30 years and get in some fresh blood who have seen how things work elsewhere. Stop encouraging incompetence and inefficiency and bring in some people who can recognize inefficiency and unnecessary complexity instead of everyone just being used to it.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  11. 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 for 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

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