A very out-dated company actively resisting modernization at all costs - Associate Director DTCC Employee Review

1.0
3 Mar 2020
Recommend
CEO approval
Business outlook

Pros

- Salary and bonus are excellent - Entry level IT program (ELIT) is exceptional for those starting out in the IT profession (just don't stay more than 2-3 years) - Keep your head down and mouth shut, make widgets the DTCC way, and stay employed as long as you want to be - Great place to "pre-retire", if that's where you are in the your career path

Cons

IT is well over half of the company, so following what happens there is critical to understanding the company overall. Recently the former CIO retired and was replaced by an internal candidate with many years of experience at DTCC. I have worked with the new CIO in the past, and found her to be both a competent and professional executive, but since her promotion, she has moved quickly to reorganize her executive team around other long-tenured DTCC staff. These are not the behaviors of a board, a senior executive team, or a company interested in meaningful change, so I find it unlikely DTCC will accomplish anything other than cosmetic changes in the next few years. - Benefits are mediocre (health insurance, PTO, etc.) - Legacy processes and technologies used extensively throughout the company - Diversity hires and promotions above all else...great for diversity numbers, not so good for some exceptional internal candidates that have now left the company - No incentive to improve -- Repeatedly spends of resources lots to build modern frameworks/teams/technologies, then pulls the rug out before any actual change comes to core parts of the business - Strong command and control culture, every communication beyond a polite hello in the hallway needs to be reviewed by your entire management chain

Explore other reviews about DTCC

5.0
17 May 2026
Recommend
CEO approval
Business outlook

Pros

Very good work culture at dtcc

Cons

not many cons at dtcc

4.0
5 Jun 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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