Euroclear Bank Reviews | Glassdoor

Euroclear Bank Reviews

Updated June 21, 2017
79 reviews

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Full-time Part-time

2.9
Star Star Star Star Star
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Euroclear Bank CEO Tim Howell
Tim Howell
21 Ratings

79 Employee Reviews

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Pros
  • bedrijf let op voor werknemers benodigdheden (work-life balance) (in 10 reviews)

  • in general pleasant environment to work (in 7 reviews)

Cons
  • the market is in a downturn and strong focus on cost cutting instewd of growing (in 3 reviews)

  • Lack of career advancement, low pay, lack of equal opportunity, not a right place to work, promotion offered to long service staff by seniority (in 3 reviews)

More Pros and Cons

  1. "Great people, administrative work"

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

    Pros

    People are the true strength of this company, all extremely kind, motivated and well performing. Flexible work environment and openness to career change within the organization

    Cons

    As custodian bank focused on continuous improvement, some of the procedure might be extremely standardized and routinary


  2. Helpful (1)

    "Good employer, management past expiry date"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Disapproves of CEO

    Pros

    Euroclear has an international workforce, many young people, you receive a nice salary package and hard & good work is rewarded.

    Cons

    The layer below top management consists of a club of employees who have been with the company for many years, known each other for a long time and do not manage to incorporate new and fresh insights from outsiders.

    Advice to Management

    Hire outsiders and allow them to influence the company. Do not believe employees who know Euroclear very well are sufficient. You also need employees who know the market.


  3. Helpful (2)

    "Good company to work for. Crusty management in the upper levels below the board"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Brussels (Belgium)
    Current Employee - Anonymous Employee in Brussels (Belgium)
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Generally nice climate. great people except for the people who have been at euroclear for ever and neither leave nor want to make any necessary cultural changes. these are at senior level. There are a few good leaders but these often get blocked or tend to leave when they get tired of the lack of progress. Good place for university leavers to get their initial taining.

    Cons

    the market is in a downturn and strong focus on cost cutting instewd of growing. This is leading to random cuts and poor decisions

    Advice to Management

    walk the walk of what you learned at Ashridge. Recognise the need to change and the importance of the people. Value these more and show it


  4. "Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Euroclear Bank full-time

    Pros

    Good Work Life Balance, Good benefits,

    Cons

    Lots of Manual work; not a lot of opportunity to get promoted; 3 month notice period.


  5. "Good company...."

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

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

    Pros

    Work life balance
    Career opportunities
    Financial health

    Cons

    Nothing specific . Most positive factors


  6. Helpful (2)

    "Back Office Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Functional Analyst in Paris (France)
    Current Employee - Functional Analyst in Paris (France)
    Recommends
    Negative Outlook
    No opinion of CEO

    I have been working at Euroclear Bank full-time (More than a year)

    Pros

    Profit sharing , decent salary for starters, possibility of remote working, nice venues in Paris Opera neighboorhood, restaurant vouchers and corporate restaurant plus ither benefits from CIE Bourse

    Cons

    Old Management style, too much policy involved in any decision, poor work related trainings, Lean Management , poor capacity management teams find themselves understaffed very often due to employees holidays and sickness.

    Advice to Management

    Innovate your management style


  7. Helpful (1)

    "Appreciate your staff"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Finance Associate Manager in Brussels (Belgium)
    Former Employee - Finance Associate Manager in Brussels (Belgium)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Fair salary, good work life balance, international atmosphere, nice colleagues, good location in the city center next to metro and train station, nice offices.

    Cons

    By far the worst mid management I've seen in my career. Promotions, bonuses, they do not depend on your capabilities or your work but on the personal preference of your director (even your manager doesn't have a lot to say). A lot of bureaucracy. Mediocre employees that know how to follow without questioning are appreciated. No room for creativity. Currently they are trying to reduce costs and push people to quit (less expensive than firing them).

    Advice to Management

    Stop treating people like numbers. Value the good ones and see potential in people


  8. "Good company"

    Star Star Star Star Star
    • 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

    Pros

    A good company that has a lot of potential but when I was there a bit old fashioned in its approach to project work.

    Cons

    Nothing worth adding in here


  9. "Place to avoid"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Service in Hong Kong (Hong Kong)
    Current Employee - Client Service in Hong Kong (Hong Kong)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Reasonable working hours
    Some colleagues are nice

    Cons

    People are unrespectful
    Management doesn't care on future of staff
    No future growth
    You can't make an impact
    Management doesn't know how to lead
    No learning curve

    Advice to Management

    No channels to express view
    Please treat staff as human


  10. "Operation lead"

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

    I worked at Euroclear Bank full-time

    Pros

    good career starting, international exposure to the whole group of companies.
    Admirably good company culture set by the group.

    Cons

    pay not as good as other companies hard to progress; Lack of transparency on salary and packages Losing time striving too much for perfection


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