Solid Company but Personal Investment Policy is Archaic - Anonymous employee DTCC Employee Review

3.0
Dec 29, 2022
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Significant number of long-term (20+ years) employees. Nice retirement benefits including company paid pension.

Cons

Slow to pick up technologies that are already proven. Onboarding is ok. Significant learning curve if not from the industry. DTCC could use more comprehensive documentation of processes to better set expectations. Personal investment policy is very restrictive (30 day minimum holding period, clearance for named securities, covered calls and protective puts). They need to open up the options side with buying naked puts and selling cash secured puts especially for ETFs. Not clear about advancement opportunities.

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DTCC Response
3y
Thank you for taking the time to write a review. We're happy to hear your appreciation for DTCC's retirement benefits. We will use your additional feedback to continue to make improvements to DTCC's processes throughout the company.

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Cons

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4.0
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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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