A company under seige from the financial industry - Senior Software Developer DTCC Employee Review

1.0
Nov 3, 2016
Recommend
CEO approval
Business Outlook

Pros

Salary is OK (not great). They used to be more competitive, but DTCC is under pressure from the participants to cut costs, and RIFs twice a year seem to have become the norm.

Cons

No or very little mobility between teams. Management is creating budgets that start in the red, so if the industry does not have an abnormally good year, RIFs will be necessary. Benefits are lagging, particularly health insurance. No sick days (they are rolled into your PTO), so people tend to go to work even when they are sick. Little chance to learn new technologies, if you are not in a group lucky enough to have something new. No 360 evaluations (we used to have those 5+ years ago), which means that your manager is never accountable to you. No or very little training (other than mandatory ones due to financial regulations) as a way of saving costs. Promotions, type of work, and raises depend much more on being part of a click of employees that came from another company than on actual ability.

Explore other reviews about DTCC

5.0
Jun 1, 2026
Recommend
CEO approval
Business Outlook

Pros

Fast pace lots of learning opportunities, very supportive management great co-workers.

Cons

Sometimes too many meetings to get in the way to get the job done.

4.0
Jun 5, 2026
Recommend
CEO approval
Business Outlook

Pros

Internal Audit's work is meaningful and provides strong exposure across risk, technology and operations. Audits tend to focus on areas that truly matter from a regulatory and risk perspective, so you're not just checking boxes. There is a genuinely strong team culture. Colleagues are competent, collaborative, and willing to help, with a good mix of experience levels that make it a solid environment for learning. There is also clear investment in employee development. Managers often have regular career discussions, and there are ongoing efforts around training, including newer areas like AI tools and capabilities. Recognition is present, and people are generally acknowledged for strong performance. Overall, it's a strong place to build audit fundamentals, gain exposure to innovation initiatives, and develop credibility within financial services / internal audit.

Cons

Internal Audit's workload is consistently high, not just during peak periods. It's common to juggle multiple audits with overlapping deadlines, alongside continuous monitoring and other responsibilities, which can make it difficult at times. Processes can be very documentation heavy and sometimes feel rigid, which is expected in a highly regulated environment but can reduce efficiency. A significant amount of time can go into formatting, reviewing and aligning work papers to methodology. Some workflows remain manual, which adds to the overall pressure and limit efficiency.

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