DTCC Reviews in Tampa, FL | Glassdoor

DTCC Tampa Reviews

Updated December 4, 2017
43 reviews

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Tampa, FL

2.0
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DTCC President & CEO Michael C. Bodson
Michael C. Bodson
17 Ratings

43 Employee Reviews

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Pros
Cons
  • People are overloaded with work- make sure you ask about work/life balance (in 14 reviews)

  • Some legacy senior management positions are held by people without knowledge or skills relevant to their team (in 16 reviews)

More Pros and Cons

  1. "Rapidly deteriorating"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager in Tampa, FL
    Former Employee - Manager in Tampa, FL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    The only benefit is the compensation

    Cons

    Core strength of the company is vanishing quickly across the organization.
    The only way to progress within the company seems to be based on "who you know " and not merit.
    Employees feel suffocated.
    Top heavy management is clueless to the nuts and bolts of the services provided.
    Some are overworked while most thrive on talk and politics.

    Advice to Management

    Branding of company will be meaningful only if the core strengths are cultivated and nurtured.
    Leadership needs to focus on actual deliverables instead of paper goals.


  2. Helpful (5)

    "DTCC"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director of Learning in Tampa, FL
    Former Employee - Director of Learning in Tampa, FL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Compensation, vacation, flexible hours/work from home policies

    Cons

    Constant lay offs, no job security.

  3. Helpful (2)

    "Anonymous"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous in Tampa, FL
    Current Employee - Anonymous in Tampa, FL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at DTCC full-time (More than 5 years)

    Pros

    Don't really have anything good to say besides "it pays the bills"

    Cons

    Want to be "a day one company" , demanding employees put in free overtime without any extra compensation. Constantly updating US employees of initiatives to save money, mostly by cutting jobs twice a year. Still use the stack-rating system, and claim that at least one employee needs an RI(bad) review. Management likes to change their approach almost yearly, introducing new industry standards, approaches and buzz words without any clear plans at implementation, and never appropriate training. They operate in constant fear that someone will eventually figure out how to do clearing and settlement better, which isn't far off. The amount of fear, lack of proactive management, and current burocracy does not lend itself to DTCC digging itself out of a day 2 company model. And the double talk has most employees so scared they don't knowledge share or work cooperatively. Examples of double talk: "we have an open-door policy," yet HR is now locked to employees unless they call first. They constantly tell new hires they have flexible work arrangements, when that is far from true. They claim to be customer focused, but any suggestions made to make the customer experience is shot down due to budget constraints. Most departments are working with a skeleton crew, meaning one "real" disaster will put this aging company out of it's misery.

    Advice to Management

    If you really want to be a"day one company" you need to actually read Jeff Bezo's note to shareholders in it's entirety, actually do some deep self reflection, pick one approach to adopt and follow for at least 5 years and actually stop being stingy with paying to bring a dinosaur of a company into the 21st century, or confront the idea of a competitor knocking the company out of monolopy status, into oblivion. And be ready for employees leaving in droves because that is the current water cooler talk.


  4. Helpful (7)

    "Unprofessional Cyber Security team managers and supervisor that promote career sabotage"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Cyber Security Analyst Tier I in Tampa, FL
    Former Employee - Cyber Security Analyst Tier I in Tampa, FL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Easy work, if you do not go above or beyond to show you have actually IT experience you will go far.
    Can watch Netflix while pretending to work if that's your thing and nobody notices.

    Cons

    Unprofessional managers that are in collusion with HR when there is any justified complaints.
    If you stand out in IT knowledge you paint a target on your back and you get false negative yearly reviews from a manager that gets the information from a supervisor who has it out for you.
    Good ol boys club, to advance it's who you know vs what you know.
    They use you for your knowledge and promise raises and promotions then renege on it after you are done with said project which was well beyond your job role.
    Complete collusion and sabotage to oust you from the company and HR allows it / turns a blind eye.

    Advice to Management

    Respect your employees and value then for what they are doing for the company and reward then accordingly. Trust but verify what supervisors are providing as feedback for employees especially regarding yearly reviews.
    Get to know who you have working for you and know their background.


  5. Helpful (7)

    "A once great firm requires major top down cleansing"

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

    I worked at DTCC full-time (More than 8 years)

    Pros

    Constant turnover - you will meet many new people

    Cons

    Red tape all over, with multiple layers of managers who have little to no power. A single person in charge of all comp/promo/hiring/firing
    Regular bait and switch when it comes to promised incentives
    Money is always the bottom line, top talent is let go in place of lower cost and skilled labour for monetary reasons on a regular basis

    Advice to Management

    More transparency from the top
    Better communication from level to level
    Rules or policies are changed for every situation to benefit the top, don't think people are not noticing


  6. Helpful (1)

    "Great Benefits and Pay, Management by Avoidance, and Failure to Plan"

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

    I have been working at DTCC full-time (Less than a year)

    Pros

    Great Benefits
    Bonus
    Work from Home
    Excellent Work/Life Balance

    Cons

    Old Boys Network
    No documentation on implemented environment
    No vision in implementation of business processes or technology

    Advice to Management

    Place focus on results and not on title and time with firm. Only accomplishment matters.


  7. Helpful (1)

    "One of the best companies to work for in the Tampa Bay area"

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

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

    Pros

    Culture, benefits, career opportunity, work - life balance.

    Cons

    Headquarters aren't located in Tampa

    Advice to Management

    Great senior leadership team, keep listening to your employees!

  8. Helpful (6)

    "Culture of Fear"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT Operations Analyst in Tampa, FL
    Former Employee - IT Operations Analyst in Tampa, FL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Wall St Bonus
    Do nothing and get paid!
    Great for people who don't like to think so hard
    Some nice people, but they are scared and miserable

    Cons

    This company is the clearinghouse for most stock transactions in the US. Unfortunately, they have little competition so employees here are busy killing each other. Upper management are convinced that all their "little people" don't want to work at all, and so therefore justify their jobs and their bullying under the guise of "leadership". The roots of this company go back to the manual counting of paper stocks in the 1970s. That sweatshop mentality still exists, Advice: If you start a job here, look into the fearful, shifty eyes of the employees who have been there a while. Thats how you'll be soon, pitying the next poor sap who starts with the expectation of working for a big "Wall St Company", only to find out that the game is rigged by big, dumb, nasty people who failed at investment banking.

    Advice to Management

    Give it up...You suck. Bullying <> Leadership


  9. "Project Coordinator"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Project Coordinator in Tampa, FL
    Current Contractor - Project Coordinator in Tampa, FL
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at DTCC as a contractor (Less than a year)

    Pros

    DTCC is a great company. It is a good place to build your career. That is all I have to share for now, Glassdoor.

    Cons

    My contracting company is cheap. They will give you a lower rate than the market offers, as well as no benefits.

    Advice to Management

    N/A


  10. Helpful (4)

    "Sr Tech Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Tampa, FL
    Former Employee - Anonymous Employee in Tampa, FL
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Decent salary and benefits but raises are puny and benefits get worse every year

    Cons

    Too many useless layers of management, especially at the top. They are highly paid yet most don't seem to know what they do nor what they bring to the party. The quality of your time at the company is very dependent on who you work for. There are many silos and there is still the good ole boys club still exists. From my experience, the company has gone way down hill over the last decade and beyond. Numerous new management that has come over from the big investment firms have seriously messed up this company. The depth of experience is gone through forced layoffs and should another 9/11 ever hit again, this management team will be ill prepared to deal with it like it was dealt with in 2001. Good luck to us all. Management keep wanting to generate profit through new enterprises yet they are seem to fail. Millions and millions of dollars have been wasted. Strangely, no one at the top is every held accountable and as usual the crap flows south to the troops below.

    Advice to Management

    Fire yourselves!


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