EXECUTIVE ASSISTANT TO COO (Current Employee) – New York, NY – February 13, 2018
• Provide executive level administrative support to COO, Managing Director and Vice President
I've learned working with Management at this firm, you MUST stay on top of your responsibilities. The most enjoyable part of this job are my co-workers. The hardest part of this job are the Managing Directors I support, and on any given day will and can pull me from all sides.
Associate Director HR Technology and Operations (Current Employee) – Tampa, FL – January 31, 2018
DTCC is overall a good place to work. However in the upper management areas DTCC becomes a very political environment. Senior management is concerned more with their own financial gain than the advancement of staff or the organization as a whole.
Reorg Operations (Current Employee) – Jersey City, NJ – January 17, 2018
I pretty much summed it up in my summary. It's a great place to work at. However, there is a distinct push back against changing anything that has been done over the past 30 years. There is always a fight for trying to enhance procedures or change anything for that matter. It's always the "It's the way we've always done it," mantra that can kind of be frustrating. They are getting better though, some changes are happening but it's still a struggle.
Pros: Better bonuses than most, you get to wear jeans everyday, they do have Work from Home capabilities but depending upon what department you work in it may be frowned upon. Definitely learned a lot, everyone knows their stuff and you can't just "fake it till you make it," kind of thing.
Cons: Stubborn old school mentality in some areas that resist change for the better.
Human Resources (Current Employee) – Tampa, FL – January 12, 2018
Tenure is long at DTCC. Many middle and upper level managers have been with the company for decades. This can tend to create an environment that doesn't provide for a standard SOP that anyone can just easily reference. Moreover, the politics are thick, in that relationships go back a very long time, and egos are inflated the higher the role. They are moving to a more flattened structure, so that idea is that an employee should expand outward instead of move up, which really just means that most moves will be lateral for not much more pay or responsibility. The boomers up top aren't going anywhere, so it can be difficult for Gen Xers to gain any mobility.
Salary, benefits, and if you're lucky, immediate manager
Director of Global Strategy (Former Employee) – New York, NY – December 29, 2017
DTCC is a great company. It really is...it is the type of organization that most people dream of....you do challenging work that impacts truly the world...but you can make the choice to participate in a fast track Wall Street career or not at DTCC...it is all acceptable. I had an amazing experience with DTCC...I encourage everyone to apply and take the job even if there is a hiccup around money. But I caution the truly ambitious...if you still have your Rule the World Bug in you...well like me this will not be the final destination for you.
Too Much Manual processing and trying to be a DAY 1 company with inefficient middle management
Risk Analyst (Current Employee) – New Jersey – December 5, 2017
Overall the people are hard working, but the middle management team needs to be re-vamped to get persons who understand the work being done by their directs. They are clueless so the staff has little guidance, leadership or even advocates for proper change.
There's very little opportunity for growth. Once can feel stifled in the company in repeatable work with nothing to look forward to.
There's too much blaming the workers for inefficiencies with middle management. This has resulted in a low morale within many teams.
The company needs to decide what they're good at and do it vs trying to be what they're not, wasting money, time and resources resulting in a lot of re-work or inefficiencies.
HR also needs to help employees and not just management. workers have little to no advocacy within HR.
Hard working staff
Lack of middle management that understands the day to day operations
Energetic atmosphere; Very knowledgable mentor-like management
Senior Surveillance Analyst, Risk Management (Former Employee) – New York, NY – November 28, 2017
I worked directly with management from various departments, such as Legal, Member Onboarding, Credit Risk, and Risk Management. My role was clearly defined and the benefit of working with multiple departments was imparted through knowledge of the end to end securities clearing system.
Excellent place to work. very supportive people and very good management group.employee benefits also very good. career growth also very good as always more opportunities to explore on different tasks.
Contractor (Current Employee) – Boston, MA – November 9, 2017
DTCC is all about numbers they dont care about much else .. as long as those charts trend in the correct direction they dont care how they are doing it . Mgmt is nothing more than Deer in the headlights when it comes to Process and getting ti done right
Senior Operations Specialist (Current Employee) – Jersey City, NJ – October 20, 2017
The work can be very interesting and sometimes tedious. The firm is very Risk oriented, which is understandable in today's environment. I felt that the management style needed some work. Nobody bothered you unless something was brought to their attention. They did not get out in front of things and were somewhat oblivious to what was happening day to day. The management team was very likable, but had a problem with confrontation. The most frustrating part of the job was that there was really no growth within your own department; however, there were some opportunities to move laterally outside of the area. The best part of the job, I would say, is the company itself. It is a good place to work, with good benefits.