Standard Chartered Bank
Executive Director, Head (Former Employee) – New York, NY – January 26, 2018
SCB was a great place for many years. Serious financial issues created a toxic atmosphere and significant job cutting. The bank culture has changed with long term employees leaving or being let go. The banks strengthen has always it's history and that history has given way to hiring short term employee's not interested in building internal or external relationships. It's very hard to accomplish anything for clients when global teams refuse to engage or communicate as they're looking for their next career move.
Due to the banks primary location in Asia, hours can be long if you work in the US. The bank is very diverse and the people on the ground in the Asia, Africa and the Middle Eats are very respectful, smart and great people overall. The best part of the job was making life long friendships around the world. Dealing with so many cultures and so many different markets every day makes SCB an excellent place to learn about the world and yourself.
Management at the CEO level is very good as the change introduced to right the ship is sound. The middle management is horrific and is unable to execute even the simplest changes as part of the turn around plan. They are too focused on saving themselves and show zero loyalty to good employees.
Diversity, global relationships
Financial condition, poor management, high turnover