Standard Chartered Bank Reviews in Singapore | Glassdoor

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Standard Chartered Bank Singapore Reviews

Updated January 18, 2018
300 reviews

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Singapore

3.2
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Standard Chartered Bank Group CEO Bill Winters
Bill Winters
57 Ratings

300 Employee Reviews

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Pros
Cons
More Pros and Cons

  1. "Senior Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Vice President in Singapore (Singapore)
    Current Employee - Senior Vice President in Singapore (Singapore)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good culture and work environment

    Cons

    Minor racism, You must be white skin to grow to senior positions..

    Advice to Management

    Look for people who playing secret politics with own races (Mostly white skin) and fire them


  2. "Big bank with lots of opportunities and progressively improving on all fronts."

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

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

    Pros

    Standard Chartered offers a lot of learning and career progression opportunities due to its vast and diverse franchise. The mentors are really nice as well.

    Cons

    Some times the office politics and friction across teams can be frustrating and game changer but typically not much to complain if you are a go getter.

    Advice to Management

    The progressive steps are in right direction to make the bank a simple and client centric organization. Please keep the momentum going.

  3. "Changes"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Human Resources in Singapore (Singapore)
    Current Employee - Human Resources in Singapore (Singapore)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Generally nice people to work with...
    Caring culture...
    A lot of opportunities and high mobility across teams and countries...
    Revenue turning around

    Cons

    Can be really political depending on teams...
    Relationship-driven...
    Many free-riders...
    Witnesses silos and breakdown in communications..
    Concentration on certain nationality..


  4. "A bank whose glory days seem bygone"

    StarStarStarStarStar
    Former Employee - Associate Director in Singapore (Singapore)
    Former Employee - Associate Director in Singapore (Singapore)

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

    Pros

    1. Potential to do very good if management really puts in the required effort
    2. Very talented junior people across the bank
    3. International mobility

    Cons

    1. Don't really see the bank going anywhere. Lots of problems but unwillingness to acknowledge and rectify in the proper manner
    2. Huge central/HO cost base, much of which is unnecessary fat. Lots of managers, very few doers.
    2. Quite a few incompetent senior leaders across the organisation
    3. Getting promoted internally gets you lower pay hire than external hires


  5. "Messy but getting better"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Human Resources Manager in Singapore (Singapore)
    Former Employee - Human Resources Manager in Singapore (Singapore)
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Benefits, pay, leave days and colleagues are friendly. The work is not hard and business line managers are mostly supportive.

    Cons

    Location is not in town l, unstructured processes and politics at the top. Restructuring is still happening so certain degree of instability

    Advice to Management

    Less focus on impression management, more on delivery


  6. "Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Singapore (Singapore)
    Former Employee - Anonymous Employee in Singapore (Singapore)
    Positive Outlook

    I worked at Standard Chartered Bank full-time (More than 8 years)

    Pros

    Reasonable renumeration; locals are hands on and productive

    Cons

    Top Heavy, still need more structural changes


  7. "Project manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project Manager in Singapore (Singapore)
    Current Employee - Project Manager in Singapore (Singapore)

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

    Pros

    Well defined organisation Singapore branch

    Cons

    Process based organisation in Singapore branch

  8. Helpful (1)

    "Too political and too much of company structure changes"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Legal in Singapore (Singapore)
    Former Employee - Legal in Singapore (Singapore)

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

    Pros

    It is a large company with many opportunities and if you are lucky to have a Supervisor who likes you - you may be able to get baby step promotions.

    Cons

    Employees are stifled by processes that don't work and are not understood even by the people who wrote them. There is a glut of middle managers that are too protective of their own career to help others advance. Too much favoritism as well as bullying that goes unnoticed regardless of company's "intolerance" of unethical behavior. Many employees just walking around while others are overloaded with work.

    Advice to Management

    The appraisal system does not work if employees don't get to voice their work dissatisfaction especially when they are being bullied by their Supervisor.


  9. "Lack of structure and focus"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in Singapore (Singapore)
    Former Employee - Business Analyst in Singapore (Singapore)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Nothing much to talk about

    Cons

    SCB clearly lacks structure of a global, which anyway it is not - it is at most a 'regional' bank with head office in London
    People have stuck to their jobs without adding much value - this is the case with most Singapore banks as the SG market is very small but in SCB the focus is lacking BIG time
    There is hardly any communication from the top management, even on critical issues - the CEO, CIO or the CDO. There is almost zero connection with the employees

    Advice to Management

    Look at the cons above and you will get the right advice if you really want to do something


  10. "The Good and the Not-so-good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Singapore (Singapore)
    Former Employee - Anonymous Employee in Singapore (Singapore)
    Recommends
    No opinion of CEO

    I worked at Standard Chartered Bank full-time

    Pros

    Awesome medical benefits and paid vacation days. No micromanaging. Respectful colleagues. Generally a happy place to work.

    Cons

    You can never get someone fast when you have IT or hardware issues. The open work area can get noisy as too many people are seated too closely. The "Hotdesk" system is a terrible idea and risk breach of confidence when staff resort to work in the pantry on days when no Hotdesks are available. Unrealistic portfolio for PAs - one can only realistically care for a number of people without compromising service quality.


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