Citco reviews

3.4

59% would recommend to a friend

(3,581 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 3,581 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
Jan 21, 2022

Cheaters at their best

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

No Pros at all guys

Cons

I will share solid documental proof where the HR sends reaches out to a candidate after 6 months asking for compensation and she left due to medical problem which happened because Citco treated the employee as animal and made her work for 18 hours a day without paying any overtime breaching labour law and the employment contract itself.When raised to HR the email was not answered at all.Now employee is approaching labour court and hopefully she will get justice.

1.0
Mar 17, 2021
Recommend
CEO approval
Business Outlook

Pros

Company will hire anyone with a finance degree at the moment, if you get what I am throwing. Good to have for a few months while you look for another. Reason: For a new hire, you will not start month end till probably the 2nd month. You will not need to suffer the long OT hours if you quit by the 3rd.

Cons

1) Pay raise are <200 a year. Management's reason: Hope this helps to curb inflation. 2) Bonus ranges from 0 to 1200 a year. Management's reason: Your OT pay is your bonus. OT pay starts accumulating after you wrk 6 or 7 hours more in a week and resets every week. 3) Expect to work >1 hour after your end time everyday due to the inefficient structure in place. 4) No more 5 year appreciation Ipad 5) Expect to write long appraisals with no results. You will mostly get the average score no matter the amount of effort you contribute. Reason: Your managers will not want to give a higher score as it requires more write up on their end and, they are usually swarmed due to the inefficient business structure in place. 6) Dinner allowance (If you get to go back to work), cut from 20 to 15 and you are only entitled if you work >2.5 hrs after your shift. 7) Expect to work till 3am every month end [ First 9 business day of the month] Reason: Mostly due to waiting for other dept/ clients to reply their email and also, having to rework what you have done due to new updates. 8) HR is understaffed such that emails will only be replied a week later, hopefully. 9) No work life balance at all. Prepare to repeat the cycle of work, eat, sleep everyday. If you still choose to work here, just note that the company is in the process of moving their work offshore. The things you will learn in this job scope will be reduced to client service and maybe in the future, obsolete. This will not enhance your resume for future job searching. Fulltime employment previously was 3K and 3.5K after 18 months. If you are on contract, make sure to ask for more than 3.5K. You might get it as the company urgently needs more head counts.

avatar
Citco Response
5y
We recognise that our industry is one where there are times that require overtime. We try to balance this with policies and practices that promote and support health and wellbeing. In relation to the compensation part, Citco regularly benchmark to ensure that we remain competitive within our industry and regions. It’s truly disappointing to read this review but I appreciate you taking the time to provide feedback so we can understand more about your time with us.
1.0
Mar 31, 2020

Stay away

Recommend
CEO approval
Business Outlook

Pros

People you work with. Benefits.

Cons

No support from Upper Management. The management was not even concerned about employees well being when deciding work from home due to Corona Virus. They were more worried about how to get the client deliverables handled. In the end after staff started raising concerns and the city pushed towards WFH they had no other choice but to have staff WFH. No one was voluntarily coming to office and were only coming as they had no other choice due to the fact that they didn't have access to WFH. I'll be leaving this place soon and everyone I'm working with are also leaving as soon as the crisis is over.

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Citco Response
6y
Thank you for your comment. I am sorry to hear that you feel Citco did not have the well being of their employees first. Coronavirus has presented a huge challenge to our talented team – one we are surmounting. The vast majority of our staff have moved to remote working across the globe – astoundingly, within a one-week period. We feel confident that we followed the direction that both Government and Public Health officials provided in terms of managing our business operations in this unprecedented situation. The health, safety and wellbeing of our employees is our utmost priority. Throughout each stage of the rapid progression of this pandemic, Citco has lead with facts and empathy. In the event you have a concern with either the management of your personal remote work arrangement or a concern about Citco’s Pandemic Management Approach, please consider reaching out to your manager or HR representative who would be happy to have a discussion with you. I hope that a conversation with your manager will change your mind on wanting to leave Citco.
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