Good people at lower levels, but toxic upper management - Associate Principal The Options Clearing Corporation Employee Review

Recent changes have brought the company back into alignment with security focused posture. Interim CISO under Ben Le has been a breath of fresh air and as we continue to return to security first as our mission and move into a better posture, the morale has significantly improved. Ben has steadied the ship, put more trust in our executive leaders, and given them significantly more of a voice in our concerns. Since the change was made to move the former CISO, a lot of our senior leaders on the security side seem to have been revitalized, less are looking to leave, and all are rallying behind Ben Le who was trained by industry stalwart and legend Mark Morrison.

Currently, things are moving in the right direction. Our departure from security as a primary function will take some time to gain full re-alignment.

Good benefits and nice offices.

IT has been been mismanaged for many years. The project (Renaissance) to "modernize" the clearing and risk systems was started 8 years ago, with the purchase of a clearing system which has not yet been installed in production. The "go-live" date for the Renaissance project is next year, but that is highly unlikely, as the system is very unstable and IT does not have the resources to support it in production. If you are an IT professional, this situation is one that you want to avoid at all costs. The company is extremely bloated, and outside of IT it's heavy bureaucracy, where most people do not contribute meaningfully to Renaissance going live.