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The Options Clearing Corporation

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You're better off not working here - Anonymous employee The Options Clearing Corporation Employee Review

1.0
Sep 19, 2025
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- High impact on the market - Unique business with a lot to learn

Cons

As current articles have already detailed, there is a toxic workplace issue at this company. My experience has been that there are high standards for staff, with minimal to no support to get the work done and learn the business. Directors and above are completely disconnected from how unappreciated and overworked their employees feel, and are dismissive of any feedback. As an example after multiple articles were written about the workplace issues at the OCC many different leaders dismissed bad reviews as employees that have a vendetta and therefore their opinions have no merit. In addition, the OCC proceeded to hire a PR firm rather than make changes that could truly change the organization, such as an upward feedback program to hold leaders accountable. There is a culture of leadership passing the blame and fingerpointing to staff members below them, so that they can avoid taking the responsibility of project and/or other workplace issues. Most staff do not feel comfortable raising issues for fear of retaliation, which is hard to prove when leadership creates an old guard who only look out for each other and make sure to match narratives for their own benefit. HR is also not advocating for employees and do not hold leadership responsible for performance issues that are directly correlated to their lack of proper management and support. Upward feedback is not welcomed and is better off not communicated if you want to keep your job. My recommendation is to find somewhere else to work. Don't make the mistake of being employed here just because the job market is tight. I am pretty confident you will regret your experience. I would also be wary of the overly positive reviews you see from Directors. I am pretty confident they were encouraged to post positive reviews to try and mitigate the influx of negative reviews, which reflect the truth at the OCC...

Explore other reviews about The Options Clearing Corporation

5.0
Jun 5, 2026
Recommend
CEO approval
Business Outlook

Pros

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.

Cons

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.

1.0
Jul 13, 2026
Recommend
CEO approval
Business Outlook

Pros

There is nothing great to highlight about. Just okay company. Average benefits and work culture. Lot of technologies and complex business domain, so good for anyone who wants to learn ignoring cons.

Cons

Small company but with over 100 Project and Portfolio Management resources. Many come from non-technical backgrounds and just create chaos when they are actually expected to improve coordination. They have no clue of what's going around. Overall, processes are completely disorganized, it is a mess. The company's small size also means limited opportunities to move between teams. With few management layers, some promotions to Director and Executive Director happen quickly, sometimes without the necessary skills and capabilities. Attrition is high at all levels, including executives, with senior leaders leaving regularly. As a result, each new leader often introduces a different vision and direction, leading to frequent shifts in priorities and a lack of organizational stability. This is often labeled as "continuous transformation". Communication and collaboration need significant improvement. Lot of people are attention seekers rather than being productive so you would often find unproductive meetings. The culture has become increasingly political, with some leaders driving their own agendas. Compensation is okay, but they offer no stock options, making the overall package less competitive than many comparable companies.

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