DTCC Reviews | Glassdoor

DTCC Reviews

Updated May 22, 2018
395 reviews

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3.6
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DTCC President & CEO Michael C. Bodson
Michael C. Bodson
186 Ratings

395 Employee Reviews

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Pros
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  1. Featured Review

    "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at DTCC part-time

    Pros

    A wonderful place to work and there is a work and life balance

    Cons

    There is none that I can think of right now

    DTCC Response

    Feb 8, 2018 – Global Team Lead Talent

    Thank you for your review on Glassdoor. We review all feedback and appreciate the time you took to write it.


  2. Helpful (1)

    "Great Forward-Thinking Organization that Values Its Employees"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Tampa, FL
    Current Employee - Anonymous Employee in Tampa, FL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at DTCC full-time

    Pros

    -DTCC serves as the backbone of the US financial industry and is an exciting organization to work for when you step back and consider the role DTCC's core products play in the industry. Working for DTCC allows you to develop a deep understanding of how the financial industry functions.
    - DTCC's mission, vision, and values drive the organization and are supported at all levels of management. There is a strong focus on doing the right thing for clients and, more broadly, the industry.
    -Senior Management values employees of the organization and demonstrates a strong commitment to diversity and inclusion.
    -Work/Life balance, including flexible work arrangements, is great (particularly when compared to other financial services organizations).

    Cons

    No cons at this time

    DTCC Response

    Apr 17, 2018 – Global Team Lead Talent

    Thank you for taking the time to write the informative review.

  3. "Anonymous"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at DTCC full-time

    Pros

    The company has great values and culture

    Cons

    Distance from home so commute is a little challenging


  4. Helpful (1)

    "Great company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Jersey City, NJ
    Current Employee - Anonymous Employee in Jersey City, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at DTCC full-time (More than 10 years)

    Pros

    Critical role in the industry; good work/life balance

    Cons

    Risk averse; needs to keep pace with changing landscape

    DTCC Response

    May 1, 2018 – Global Team Lead Talent

    Thank you for your review


  5. "Auditor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at DTCC full-time (More than 10 years)

    Pros

    work life balance, competitive salary

    Cons

    very political, people that have been with DTCC for many years are looked down upon


  6. Helpful (1)

    "Be a manager at least to enjoy your DTCC life"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Applications Support Engineer in Coppell, TX
    Former Employee - Applications Support Engineer in Coppell, TX
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at DTCC full-time (More than a year)

    Pros

    Good benefit (Healthcare insurance, HSA, 401K, tons of PTOs and WFH option)
    Competitive Salary
    Nice and secured environment
    Good colleague and some of them are really really smart than you may ever think of.
    Eyes-opener

    Cons

    Stressful work for non-management team members.
    Mid-management lack of technical knowledge.
    No work-life balance - except manager and higher level.

    Advice to Management

    Please read for others reviews as we have mentioned the same - really need monitor mid-management level. They are the ones destroying DTCC internal reputation.

    DTCC Response

    May 1, 2018 – Global Team Lead Talent

    Thank you for your review, we appreciate the time and effort to post


  7. Helpful (2)

    "Negative culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at DTCC full-time

    Pros

    The bonus is paid in cash.

    Cons

    The organization is trying to transform itself from a basic utility to a top tier financial services firm

  8. "Uniquely Positive, Collaborative Culture for a Financial Services Firm"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Internal Audit Manager in Jersey City, NJ
    Current Employee - Internal Audit Manager in Jersey City, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at DTCC full-time (More than 3 years)

    Pros

    Smart people who do challenging work
    CEO and senior leadership focused on employee engagement, and mean it
    Flex work arrangements
    Size - big enough for opportunities to grow, not so big that you're just a number
    Employees are held accountable

    Cons

    Workload can be demanding which isn't for everyone. If you want a job where you shuffle paper to look busy, please don't come here.

    DTCC Response

    May 1, 2018 – Global Team Lead Talent

    Thank you for your review, we appreciate the time and effort to post


  9. Helpful (1)

    "DTCC continues to grow"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Tampa, FL
    Current Employee - Anonymous Employee in Tampa, FL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at DTCC full-time (More than 10 years)

    Pros

    -Pay and many of the benefits are above average although many see them as a right rather than a privilege
    -MB promotes "do the right thing" and has always stood by those that do
    -Mission Vision and Values are representative of the good we do for the industry and economy
    -The Tampa office has been going through a culture change for the better over the past few years and continues to do so (causal workplace, food trucks, free coffee, employee engagement, etc.)
    -Work is extremely challenging and most of the times engaging
    -Many cross functional groups are willing and interested in working together however regulations can be stifling
    -There is an endless amount of opportunity to engage in Business Professional Networks, Employee Learning, and Corporate Social Responsibility events
    -Many passionate and talented individuals who expect greatness from all who work here

    Cons

    -The office space is “open” which makes for a noisy and uncomfortable environment
    -Upwards movement can be slow within your area however horizontal movement is available
    -Given the mission this can be a high stress environment (could be considered a pro as well if you like the challenge)
    -Recent restructure/consolidation of job titles seem to have been less of a win for employees than what was explained
    -The number of programs introduced within the last few years focused on reducing cost seem to have been flavor of the day
    -Due to heavy regulations it can be difficult to make changes and sometimes feel overly bureaucratic

    Advice to Management

    -Since we are tasked with being thought leaders, we should no longer refer to industry trends when consolidating office seating, lowering or changing benefits, or any other initiative that negatively impacts employees
    -Continue to work on weeding out those who are a drag on their department (at all levels of the organization)
    -Continue to deliver leadership that inspires employees and ensure the tenants of that leadership message permeate all levels of management

    DTCC Response

    Apr 11, 2018 – Global Team Lead Talent

    Thank you for your review, we appreciate the time and effort to post


  10. Helpful (2)

    "Political Environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at DTCC full-time (More than 5 years)

    Pros

    High quality staff in lower level roles.
    Good pay and Benefits

    Cons

    Politically charged environment.
    Leadership is focused on power and money
    Staff development receives some lip service but is not a priority

    Advice to Management

    Shift to a collaborative and developmental environment.

    DTCC Response

    May 1, 2018 – Global Team Lead Talent

    Thank you for your review, we will share your comments with the leadership team.


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