Pros
Don't really have anything good to say besides "it pays the bills"
Cons
Want to be "a day one company" , demanding employees put in free overtime without any extra compensation. Constantly updating US employees of initiatives to save money, mostly by cutting jobs twice a year. Still use the stack-rating system, and claim that at least one employee needs an RI(bad) review. Management likes to change their approach almost yearly, introducing new industry standards, approaches and buzz words without any clear plans at implementation, and never appropriate training. They operate in constant fear that someone will eventually figure out how to do clearing and settlement better, which isn't far off. The amount of fear, lack of proactive management, and current burocracy does not lend itself to DTCC digging itself out of a day 2 company model. And the double talk has most employees so scared they don't knowledge share or work cooperatively. Examples of double talk: "we have an open-door policy," yet HR is now locked to employees unless they call first. They constantly tell new hires they have flexible work arrangements, when that is far from true. They claim to be customer focused, but any suggestions made to make the customer experience is shot down due to budget constraints. Most departments are working with a skeleton crew, meaning one "real" disaster will put this aging company out of it's misery.
