Citco reviews

3.4

59% would recommend to a friend

(3,580 total reviews)

Christopher Smeets

66% approve of CEO

60% positive business outlook

Citco has an employee rating of 3.4 out of 5 stars, based on 3,580 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Citco employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

4K reviews
1.0
May 8, 2019

Not Good

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Cant Find any Good Reasons to work here

Cons

An organisation which 1) Doesn't have any clarity of action 2) No good hiring policies, they hired majority of their staff from one orgnaisation so mindset is same and it has spoiled work culture 3) Just big talks and nothing happening at ground level 4) There is groupism between SVP's and VP's and the subordinates are left alone to deal with their own problems 5) Hostile to new ideas and the Super Managers (EVP and above) do not interact with anyone even if they its only to self promote or to cut down on somebody's genuine issues and make them feel embarassed 6) HR guys do not have real authority, the only department which can set things straight needs to be given more autonomy 7) Each time you try to reason out with Management Team they have standard response that we are in a migration phase, it seems weird because it appears from their approach that Migration for them is just creating chaos 8) Haphazard Migrations with no clearly defined SLA's, Risk Coverage. Its an utter surprise that their majority of client do not know that work is done out of India, leaves with a big question mark on Integrity. 9) No clarity on SLA's and no information to client has made the situation worse as people have to sit late at night just waiting for sign offs from dependent teams in USA or Canada(who either do it deliberately or are genuine) and then close the fund and get it reviewed from onshore and then leave. So if a person has logged in at 3 pm they dont know if they will leave at 6 or 7 am the next day 10) Too much reliance on excel when compared to the competitors in market.

avatar
Citco Response
7y
We understand our employees are putting in additional efforts at this point in time and we truly value our employees contributions. We have at least one member from the senior managers team available at all points in time to support employees with their work and help achieve the defined SLAs. We have received positive response from our employees on this initiative. We have actually continuously been in migrations and have doubled our headcount in the last one year. We encourage employees to come up with new ideas to improve efficiency. We have a lot of ideas submitted by our employees some of them already implemented and some currently being worked upon. We are also constantly working towards enhancing our systems. We will continue to listen and take all feedback we receive on board to improve. Thank you for your feedback and wishing you all the best!
5.0
Jan 7, 2019
Recommend
CEO approval
Business Outlook

Pros

I joined Citco in 2015 to assist in the Set up of the Talent Acquisition Function and had the pleasure to work with some excellent professionals who listen and because Citco is a private Organisation many of the suggestions are acted on. The opportunities on offer in Citco are diverse and challenging . This Company are going places and there is ever a better time to join than now.

Cons

None I can think of

avatar
Citco Response
7y
Thank you for your 5 star review, and thank you for taking the time to provide your feedback. We are delighted to hear that you had a positive experience working at Citco, and wish you all the best for the future!
1.0
Mar 22, 2018

The Good, The Bad & The Ugly

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The Good; I work with some great co-workers/colleagues The office was refurbished within the last 2 years and is a perfect location for making long daily commutes Cereal, fruit, soft drinks and beers are provided Free travel card for more junior staff and a car allowance for senior managers

Cons

The Bad; No Wi-Fi, numerous websites blocked, inclusive of Glassdoor.! The family atmosphere is no more, it's quite sad to see the way things have gone over the last 2 years especially considering it's a family run business. The CFO is the driver of the new model, it all comes down to numbers at the end of the day, there is no negotiations or family face to the business anymore. Shared Service Centres - it was mentioned before on Glassdoor about the "Thrilla in Manila" and that review proved to be true. A lot of work is being migrated to Vilnius and watch this space, India is currently in the works. Senior Management cannot make big decisions, if you want X or Y, it has to be approved by the EC. The responsibility has been taken away from local MD's. Overtime at month end can be quite bad however this is in other organisations too. If you fancy working 24 - 26 hour days straight, join Private Equity - this is just accepted and swept under the carpet. Salary - increments to junior staff are appalling, budgets to allocate teams were embarrassing. If you have 10+ years in Citco you're in a good place with your salary, so sit tight when it's been decided you're no longer needed, you'll walk away with nice cheque. The Ugly; It's only going to get worse.

Viewing 355 - 357 of 3,580 Reviews

Glassdoor has 3,715 Citco reviews submitted anonymously by Citco employees. Read employee reviews and ratings on Glassdoor to decide if Citco is right for you.