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
Apr 25, 2020
Recommend
CEO approval
Business Outlook

Pros

-You get paid every two weeks

Cons

-An incompetent senior management who strives to overwork and underpay their employees on the floor -Free beer and pub games to distract employees from 3rd world working conditions/low pay -Too many do-nothing middle managers (VP's) who micromanage their teams but produce nothing of value themselves -Most floor level managers are incompetent too, instead relying on their subordinate (supervisor) to do all of the team planning, allocation, development, and technical work themselves. From what I have gathered in the last 5 years of working here, floor level managers responsibilities only include time-sheet tracking and offloading all of their real work onto the Supervisor -Bonus structures that encourages VP's to run their teams with minimum staff so they can reap bigger bonuses come year end

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Citco Response
6y
Thank you for taking the time to share your thoughts. We are not in a position to review your individual circumstances however, we will respond to the best of our ability. Your impression of the intentions and accountabilities of our management team is surprising. Citco’s management team in Halifax has received a consistently high favorable rating of at least 80% in our employee engagement surveys over the past 3 years. This score is comprised of employees anonymously rating their managers on a variety of items including approachability, supporting growth and development, treating people with fairness and respect, showing appreciation, creating a positive workplace, communicating important information, among many other aspects of the employee experience. Based on a number of your points, you seem to perceive a blur between the Supervisor, Manager and VP positions. These roles are fundamentally different in function and described in detail in the Career Roadmap tool, which can be viewed by all employees on our HR SharePoint site. The Career Roadmap also allows you to assess your current skillset and can serve as a practical basis for a conversation with your manager about your development and individual career goals. We encourage you to speak with your leadership or Human Resources about your concerns. This will give management the opportunity to address the situation directly and give you a better opportunity to influence your employment experience moving forward.
5.0
Nov 9, 2019
Recommend
CEO approval
Business Outlook

Pros

Citco is a great place to start your career in the finance industry as it provides the right exposure in terms of dealing with financial instruments, with various stakeholders and provides learning opportunities to its employees such as classroom training.

Cons

There is room for improvement when in comes to compensation.

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Citco Response
6y
Thank you for taking the time to provide feedback and the five star review. We always appreciate when current employees take the time to leave a review. It is great to hear that you are enjoying your role and that you are gaining exposure to the financial industry. In regards to compensation, we are continuously looking at our compensation practices to ensure that we remain competitive within the market. Again, we really appreciate your comments.
1.0
May 28, 2018

Operations analyst

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Worst company I have ever worked for, management is the worst , thy treat u like a number or a slave , micro management . They hire fresh grads for law rate and once u start building experience and ask for higher rate they find a reason to fire you, and hire a new grad for a laser rate . From the first day u start your job every tiny mistake you do your manger will record it and will bring it up in your reviews even if one year or 2 have passed since then , they try to find any reason not to increase your salary or to replace you . Most of people I know left or got fired for no reason , or if they still working they are under a lot of stress , I won’t recommend working for circo

Cons

Employees are friendly , benifits not bad

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Citco Response
8y
We pride ourselves on our ability to develop new graduates into skilled professionals. We encourage employees to take accountability for their own career path, and offer the support and resources needed for success. Citco invests heavily in our employees by providing extensive classroom and on the job training opportunities to all levels, as well as a generous Tuition Reimbursement program for continuing education and company sponsored enrolment in the CFA Investment Foundations Program. This has resulted in a win-win scenario, where employees are developing transferrable skills and the company is able to promote from within. The facts support our tremendous commitment to employee development success: Over 75% of the Halifax leadership team were promoted from within, and many of those individuals started with us as new graduates.
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