Citco reviews

No work-life balance, you are expected to work late. If you are efficient, you'll be rewarded with more work. Doesn't matter what your performance is, you either don't get raise or get one that cannot even catch up to inflation. Turnovers are ridiculously high, loyal employees are suffering as a result of high turnovers, and are not being rewarded. Company roll out new systems and platforms before everything is tested, and trainings are basic, you'll be expected to figure out everything on your own. Painful experience for everybody.

They will tell you it is a 37.5-hour workweek in the interview with the need for "a bit" of overtime at month end. This is not true for most people. Some people have hit 90 hours per WEEK and have to come in on the weekends. At the very least you are expected to do 5 hours of overtime per week- and then you are likely going to be given more work to do if that is all you are doing. A good bet is to count on working somewhere between 20-50% extra in OT per month. Supervisor level and above do not get paid for their overtime- so you better drink a lot of beer to make up for the extra hours you work for free. There will be a lot of them. If they tell you in the interview there won't be I would ask for an agreement where you will get paid for your OT over a certain amount. They will not give it to you- but this will show you their true intentions. They have recently decided to cut back on their sick leave policy so they can start deducting vacation days or pay after 3 sick days, even if you have been working 60 hours a week for them due to being short staffed. So you could work 4 months of unpaid OT in a year for them and they reserve the right to start docking you pay after 3 sick days. In order to be promoted you have to first do the job without the title or pay for long periods of time. There have been cases where people have been a Supervisor, managing a team without a manager for a year before the company recognizes them with the actual promotion. Makes moving up difficult. They tend to dangle the carrot of quick promotions at the time of the interview and then delay things once you are in the door. I have heard rumours that the official policy is to not provide references other than confirm dates employed. Have not confirmed this with HR as I do not want them to know I am looking. However if this is true it can make getting a new job difficult if it requires a reference from a current employer. Not accommodating to those who have children. People have been told to make other arrangements for evening childcare on a regular basis to work the required overtime (unpaid) They are moving a lot of work to the office in the Philippines. At this point they have 6 floors in the building- however only 5 are leased long term and people are working out of meeting rooms due to over crowding. You have to assume that if they have not signed on to rent the extra floor long term they plan on cutting back on staff with the Philippine office taking on the extra work. They are also not replacing managers and supervisors in their middle office department when they leave- again suggesting they are expecting the demand for them to be falling in the future. Generally a chaotic work environment- Seems like Senior Management are constantly changing their minds about work allocations and policies. Teams are rarely able to settle into a routine. Overall it is not a good environment to work in if you are not able to commit your life to them or if you are senior level staff. If you like your current place of work do not leave for this one- it will most likely be worse.