Citco

2,0

22 nov 2016

Manager

Consiglia

Gradimento del CEO

Pronostico commerciale

Vantaggi

Good opportunity to gain experience in the industry

Svantaggi

For Manager level pay is less than acceptable when overtime is considered. Middle Office department is poorly managed (appeared at my level that senior management- SVPs-were very disorganized and we're not really capable or had not had proper prior experience in managing this type of work). Also as noted many times on other reviews here promotions (specifically in my experience with MGR and VP level) are based on doing more / extra work and an individuals technical capability not actual ability to actually lead people, motivate people and be financial professionals in management roles. It is also very hard to develop staff and motivate staff when it is very evident the office is downsizing. Especially when there is lack of leadership and very unclear communication from SVPs. Again it feels that they are a bit out of their league and in over their head. Again at the MGR /VP level very junior, green people being promoted causing lack of leadership. I understand whomever is on this site as a responder on behalf of Citco will likely respond with some sort of canned justification for what I have said here but I think it is pretty evident to everyone that the Halifax office is a sinking ship. I was there for three years.... left in the spring and was proud of the work I did building my team and had very little turnover- since I left many of my team members have quit and they have been through three Managers over a 6 month period.

Risposta di Citco

Dear Former Employee: Appreciate you starting on a positive note to highlight the level of industry experience staff achieve from the Citco work experience. We think the broad scope of financial instruments, global clients and opportunity to do front to back accounting is a rich one for financial professionals interested in the hedge fund space. I believe that our managers - like you - also take pride in their teams and work hard to create a positive and developmental atmosphere. It has always been Citco’s practice to promote from within whenever possible. We understand the importance of soft skills for managers and always take those abilities into account when making promotion decisions. Also of great importance in those decisions is the technical expertise of our managers which we believe add to our culture and benefit our clients. We do our best to strike the right balance as we build our leadership and managerial capabilities. I rely on these managers and my HR team to help me swiftly and fairly address any employee issue or concerning matter that arises in this office. In terms of employee population, the Halifax office has never been larger or more diverse so it’s confusing to see some of your misconceptions about downsizing and prospects. We see this office growing in scope in Back Office, Connectivity, Integrations, etc. so I am happy to dispel that rumor or myth.

Not for True Financial Professionals - Recensione dipendente - Manager presso Citco

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