Citco reviews

3.4

59% would recommend to a friend

(3,584 total reviews)

Christopher Smeets

66% approve of CEO

60% positive business outlook

Citco has an employee rating of 3.4 out of 5 stars, based on 3,584 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Citco employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

4K reviews
2.0
Nov 22, 2016
Recommend
CEO approval
Business Outlook

Pros

Good opportunity to gain experience in the industry

Cons

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.

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Citco Response
9y
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.
4.0
Nov 17, 2016

Good company to work for

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The people here generally try to improve the work environment and processes in place to make it more efficient and a better place to work. Aside from the constant improvement, I've been put on a great team that works well together.

Cons

Sometimes the work can be a little overwhelming, and overtime is required to get things completed on time. The software that is used often has flaws, and the workstations are not very powerful they tend to freeze up a lot and have issues, computers are dated. Not very flexible with hours, work from home, etc.

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Citco Response
9y
Dear Employee, Many thanks for your positive feedback and additional thoughts. Certainly there are pros and cons in every work experience – but we are glad you can see the continuous improvement efforts that management and HR put into the variety of initiatives rolled out in your office to provide a very good work environment. We continue to evaluate various work arrangements - endeavoring to be as flexible as we can - while ensuring the best management of the team and workload.
1.0
Nov 15, 2016

Profit and Loss Analyst

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good standard benefits and location

Cons

Company culture is not good. People are not friendly. It's very clicky.

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Citco Response
9y
Dear Former Employee - thanks for taking time to provide some feedback. We're glad to hear our benefits and office locations are viewed favorably. Unfortunate to hear your perceptions on culture. Culture can be tricky because it's not owned by just one person, is it? Everyone in a firm participates to this - and being friendly and inclusive is the responsibility of all employees (new and tenured). Your comments give us something to reflect on.
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