Standard Chartered Bank Reviews | Glassdoor

Standard Chartered Bank Reviews

Updated March 7, 2017
86 reviews

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Standard Chartered Bank Group CEO Bill Winters
Bill Winters
15 Ratings

86 Employee Reviews

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Pros
Cons
  • work life balance can be a challenge for some business functions (in 57 reviews)

  • Long working hours, the bank has hired lots of inefficient staff both on the senior and working levels (in 44 reviews)

More Pros and Cons

  1. "Poor Leadership"

    Star Star Star Star Star
    • 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
    Negative Outlook
    No opinion of CEO

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

    Pros

    Company was good 5 years ago, but has since declined.

    Cons

    Poor leadership team in the Americas region; Toxic culture/environment/management; SCB does NOT promote talent, but rather promotes those individuals who feed into the leadership politics. If you do your job, you can expect to stay status quo. If you do your job REALLY well, you def will never leave your current role; the talk about Culture and Values is done because "they need to do it". There are no values with SCB.

    Advice to Management

    Remove the remaining leadership team, as those that haven't left on their own, know they wouldn't be able to find another similar role that puts up with their nonsense


  2. "SC BANK"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    Pros

    Reputation in the market.
    starbucks on the ground floor

    Cons

    Poor salaries/benefits.
    Work ethics hardly found.
    Horrible environment

    Advice to Management

    Take care of your employees. There is a reason that you have a skyrocketing turn-over ratio among the competitors.


  3. Helpful (1)

    "Feedback while working with SCB"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Manager in Chennai (India)
    Former Employee - Senior Manager in Chennai (India)

    I worked at Standard Chartered Bank full-time (Less than a year)

    Pros

    Since it is a less than a year, no comments

    Cons

    1. No support from manager, irresponsibile
    2. No transportation provided irrespective of too many chases, with a result health affected due to travelling
    3. Project slipped and future become question for all the team members. No future plans for the current process / team

    Advice to Management

    1. Provide transport to employee who are travelling from far away. Do not play your politics with employee health.
    2. Employee is your asset, treat them well
    3. Please do not hire anyone without having a proper business plan


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Risk management"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Risk Management in Singapore (Singapore)
    Current Employee - Risk Management in Singapore (Singapore)
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Standard Chartered Bank (More than a year)

    Pros

    Good annual leave days, has policy to promote volunteering in the community.

    Cons

    Hardly any teamwork. Management breeds "everyone for himself" culture. No pay raise for 3 years even though I am a ”good employee”. Although company has volunteering benefits, the bosses do not encourage it.

    Advice to Management

    Stand by the benefits that reward the employees and not only focus on the policies that penalise the employees.


  6. "Gloomy Future"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in Dubai (United Arab Emirates)
    Current Employee - Director in Dubai (United Arab Emirates)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    The best place to learn politics. A good school to learn many Banking products, but you have to do it your self.

    Cons

    Bad and unhealthy environment for the normal person, The bank is cutting jobs and leaving one person to do the job of five. Zero appreciation for any job done. I can tell a titanic when I see one.

    Advice to Management

    They should care more about the staff, as they are the one who built this bank.


  7. Helpful (3)

    "Dysfunctional and lurching from crisis to crisis"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Manager in London, England (UK)
    Current Employee - Senior Manager in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good perks - free and cheap tickets to concerts, drinks in the office on Fridays. Some opportunities to travel to other markets (depends on your line manager - some are keener on travel than others), good commitment to flexible working (again, depending on manager). Highly multicultural and international, which makes the work often interesting.

    Cons

    Very long working hours (on email from 6am to 10pm, in office from 7.30am to 7pm, frequently later, on occasions until 3am). Resourcing gaps rarely filled - when half the team went on maternity leave, the rest of us were given double workloads as "stretching objectives" only to be passed over for bonuses and promotions.

    Poor management culture; decisions and progression based on who you know and are friends with rather than skill or experience. Management don't value subject matter expertise. Extremely low morale; many jobs were cut, others walked at the same time. People left are those who can't leave because of visas, or who simply can't get another job.

    Frustratingly bad IT. Clunky old kit, limited access to any online tools that would make the job easier. Made a big song and dance about a new intranet but it seems the same as the old one only with more corporate banner ads. Takes days to get basic IT or HR problems fixed.

    Advice to Management

    Train and coach team management and leadership skills and weed out bullies.


  8. Helpful (1)

    "Not Good"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    Pros

    Decent pay, not much otherwise

    Cons

    Dirty office politics...process driven..bad culture


  9. "Here for good?"

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

    I worked at Standard Chartered Bank full-time (More than 10 years)

    Pros

    It's a large bank with offices around the world. If you make the effort, there's a great learning opportunity here from the sheer diversity of the employees and the markets in which the bank operates.

    Cons

    No job security....several redundancies since 2012 and continuing....with nothing being done to lift the morale and culture of those that remain. Poorly managed.

    Zero work-life balance. Sadly, in some offices it is still considered admirable if employees put in uselessly long hours...regardless of the quality of their output! It's the 21st century but this archaic culture is deeply embedded.

    Looking in from the outside, their overall corporate strategy seems to be undecided at best.

    Advice to Management

    The organisation is undergoing massive changes and restructuring. This is a known fact.
    Invest time & resources in managing this change effectively.


  10. "Head of Client Acquisition"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Head of Client Acquisition in Ḩawwārah, Amman Governorate (Jordan)
    Current Employee - Head of Client Acquisition in Ḩawwārah, Amman Governorate (Jordan)

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

    Pros

    Learn and develop banking experience out of my expertise area

    Cons

    Risk management, AML, Audit its a nightmare

    Advice to Management

    Get your feet down to market


  11. "Cdd specialist"

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

    I worked at Standard Chartered Bank (More than 3 years)

    Pros

    Benefit is good in Scb

    Cons

    Long working hour with great pressure



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