Dont come here. Toxic culture and management. - Anonymous employee CIC Employee Review

2.0
Oct 7, 2024
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Come here to retire. No progression. Not that chill either. See your luck.

Cons

Run far far away from this bank. With the current management, things are constantly restructuring. Teams are a mess. Putting people to manage teams without proper skillsets and qualifications. It's becoming a joke. Head of departments are dismissed without proper notice, excuse with redundancies. Valuable instiutional knowledge are thrown away simply. Governance is so bad at this stage. Trying to do things without proper checks and balances throughout. Just wanting to do all kinds of business without understanding the people and capabilities. Benefits are minimal. Insurance covers yourself and no dependents. Flexi is 1.2 - 1.5k SGD dependent on rank. 21 days of leave, +5 days if you serve >5 years. 3-months notice period regardless of rank.

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CIC Response
1y
Hello, Thank you for sharing your experience. We regret that your perception of CIC does not align with what we strive to achieve on a daily basis. Regarding team management and structure, we place great importance on training our managers in best leadership practices to support their teams effectively. We understand that reorganization can be seen as a challenge, but we do our utmost to maintain a stable and conducive work environment that fosters collective performance. As for benefits, we work hard to offer competitive conditions and tailored programs to our employees. We continuously review our offerings to ensure they meet the needs of our teams. We encourage you to discuss your concerns directly with your managers or the HR department to collaboratively find constructive solutions. Best regards, The CIC HR Team

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Pros

Exposure to core treasury operations, good learning curve, and strong brand name on the resume.

Cons

Processes can be rigid, workload fluctuates with limited flexibility and occasional communication gaps.

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CIC Response
4mo
Hello, Thank you for this detailed and balanced feedback on your experience. We are pleased to hear that you appreciated the exposure to core treasury operations, the learning opportunities, and the value of our brand name. We take note of your observations regarding process rigidity, workload fluctuations, and communication. These elements reflect the complexities of treasury operations within a regulated environment, though we understand your perspective on flexibility and clarity of expectations. Your suggestions regarding cross-team communication and workflow flexibility are valuable. We remain attentive to these dimensions as we continuously work to optimize our organizational effectiveness. We appreciate your contribution during your time with us and wish you all the best in your future career endeavors. Best regards, The CIC HR Team
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