Pros
Having worked for DTCC for 4 years having been on the outside looking in for a while. Having traveled to a few of the offices to get to know more people around the company, I can say there actually is some talent here. DTCC is actually trying to make a push forward with technology here. However you can feel the new/old blood at work here as far as company culture, company wide problem-solving methodologies, etc. Things are different from department to department. Some departments are highly bureaucratic and full of red tape, while other departments from the VP level all the way down to the trench worker, you feel the camaraderie. Overall, this is a company looking for answers, so if you plan to work here, be ready to work hard and to lead in whatever little capacity the role requires. I've been in 4 different roles at DTCC since my 4-year stead and that maybe due to all the acquisitions the company has experienced. I've seen some bad, but a lot of good because I've been proactive and I didn't come here to 'coast'. DTCC does have some problems and again I can't speak for many other departments so do your due diligence and calculate the angles so that you are not disappointed. Overall, it's a company worth giving a shot. If you don't come here to coast and you can weave the politics a tad bit and take ownership (because a lot of people just are too afraid) you can actually have an impact here, just own it and don't be afraid that your bonus is going to get hit just because you owned it and was not willing to take a risk. The pay here is solid, its not google/facebook/netflix quality but there's a whole TON of places that pay much worse then here. Work life balance can be tricky and personally the projects you are involved with dictate that balance. I'll be flat out honest with you and tell you that for about a full year and half when I first started, there was just a ton of work to do, but being proactive, learning how to anticipate, applying improvement, our projects became manageable and the team I was apart of experienced great work life balance up to this point now, but for me that's about to change because of the acquisitions and new projects being dumped on us. There are some good people here, the culture is moving in the right direction. It's not yet where it needs to be, but from my perspective it's moving in a positive direction.
Cons
Health benefits here need a bit of work, there's no dodging that. HR is not flexible at all (from a pay standpoint) but everyone VP and up seem to be on the same page about that and they're slowly addressing it. From my perspective it's hard to know what can be done to get this resolved sooner rather then later. Transparency is still an issue here. We talk a lot about it, but it hasn't materialized to the point where your employees stop being suspicious of management all the time.