HSBC Holdings Reviews

Updated July 5, 2015
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3,065 Employee Reviews

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  1. AVP

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

    I have been working at HSBC Holdings

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    They have great leadership thanks

    Cons

    Poor third party vendor for system


  2. Under threat of Deferred Prosecution Agreement

    Former Employee - Professional Development Officer in New York, NY
    Former Employee - Professional Development Officer in New York, NY

    I worked at HSBC Holdings (More than a year)

    No opinion of CEO
    No opinion of CEO

    Pros

    Multinational with some global oppprtunities

    Cons

    Under threat of Deferred Prosecution Agreement


  3. VP FP&A Manager

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

    I worked at HSBC Holdings full-time (More than 3 years)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Brand awareness of name. Big company, more opportunities and exposure to different areas. Smart people.

    Cons

    Business was on decline. Morale was low. Stressed out management team. Long hours.

    Advice to Management

    Make sure staffing levels are appropriate for amount of work that needs to be done.


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  5. HSBC idntity crisis

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

    I have been working at HSBC Holdings

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    International banking capability for those that need it, credit products catered to NRA clients, great bank for Chinese clients

    Cons

    Wants to compete in Wealth management banking arena, yet trying to acquire mass market clients-unrealistic sales goals, "bad" habits are overlooked as long as sales goals are met.

    Advice to Management

    Pay close attention to what's going on at the branch level.....lots of games and "creative sales" are going on to meet unrealistic goals.


  6. customer service

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

    I have been working at HSBC Holdings

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Communication through out the whole team is good

    Cons

    hard to get promoted to a higher level


  7. Helpful (1)

    AML PEP Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New Castle, DE
    Current Employee - Anonymous Employee in New Castle, DE

    I have been working at HSBC Holdings

    Recommends
    Negative Outlook
    No opinion of CEO
    Recommends
    Negative Outlook
    No opinion of CEO

    Pros

    Frequently telecommute to work. Work autonomously

    Cons

    Salaried with many hours of overtime. High pressure to meet deadlines


  8. Third Party Risk Officer

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at HSBC Holdings full-time

    Pros

    Good environment, stable reputation, historically sound

    Cons

    Recruitment process seems very convoluted. Most recruiters don't seem to have strong/good communication with hiring managers and its tough to understand timelines/timetables for postings.


  9. Helpful (1)

    Difficult to advance. Company politics

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Associate in Elmhurst, IL
    Former Employee - Operations Associate in Elmhurst, IL

    I worked at HSBC Holdings

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

    Pros

    Decent pay, good benefits. Good people to work with.

    Cons

    Very difficult to advance. Management is not supportive of employees moving forward to better themselves. Everything is political. Training sucked. You learn as you go.

    Advice to Management

    Encourage good staff to advance in the field of their choice. If they are dedicated to their job providing you support, it's only fair that you support them as well.


  10. Helpful (1)

    AML Quality Assurance Analyst

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

    I have been working at HSBC Holdings full-time (More than a year)

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Able to work from home remotely. 401K is mactched up to four percent. Vanguard is the best 401K vendor there is and HSBC deserves credit for utilizing them for this service.

    Cons

    Below market pay. Management has allowed downsizing by a kind of organic attrition. Due to the bank's scandals HSBC does not want their fingerprints on any actual downsizing in AML compliance. They also do not want to pay any unemployment and severance packages. However, HSBC is more than content to keep salaries low as employees leave on their own. Another negative is there is a global standards assessment all employees must now take and pass with an 80% grade to impress regulators and integrity monitor. This assessment is to be taken on an annual basis. Unfortunately, the wording of the test is flawed. It's a multiple choice/true false subjective test that his resulted in massive failures. These "global standards" often contradict the procedures employees are given by their line managers resulting in massive chaos. In many respects this bank does not know what its doing. HSBC claims they have a "culture of transformation" to correct the mistakes of the past. That was true under CEO Irene Donner. Under current CEO Stuart Gulliver HSBC is now a culture of toxic restoration.

    Advice to Management

    All of senior management deserves to be fired. There are non disclosures not receiving any quality assurance due to lack of communication between New York and Delaware. Hard to give advice to management when the only solution is for management to be fired.


  11. Decent company to work for

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

    I have been working at HSBC Holdings full-time (More than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Good learning opportunity, if you work in Commercial Banking.

    Cons

    I heard retail banking arm of the firm is not the place you want to be.

    Advice to Management

    Keep on moving forward. I am happy to work at HSBC.



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