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The Options Clearing Corporation

Engaged Employer

Worst place, still in denial - Principal Software Engineer The Options Clearing Corporation Employee Review

1.0
Dec 8, 2025
Recommend
CEO approval
Business Outlook

Pros

There is nothing good about this company. Extremely mediocre benefits and compensation. If you are smart at politics and know how to manage the situation to promote yourself, you can be highly successful in this organization. If you get disgusted with it, this place is not for you.

Cons

The management took cognizance of the Glassdoor reviews after the JLN publicized it, at least that’s what they were posturing. They carried out big employee engagement survey, still got negative feedback which they are attempting to whitewash and rationalize with some stupid theories like it is because the long running programs like Renaissance. They still do not understand that this program is nowhere near the finish line and the reason for it is widespread employee dissatisfaction with the overall management. Most of the directors, principals, executive directors are highly incompetent especially the ones who were hired or promoted recently. They have no interest in delivering anything worthwhile, all they care is their own jobs. They collaborate with the PMO to narrate fake picture of their respective products. Testing teams have zero domain knowledge and developers have to babysit them. In the end all testing team can do is to bring application up and down. No value is added by testing team, it is just the that in the process developers identify issues and try to fix them and get busy in promoting them to different releases. The environments are all cloud based and are very unstable. Just from that point of view nobody feels confident that renaissance can ever go live even if applications are fully developed. Also it is nothing surprising that for every issue that is raised, the management brings some expensive consultants to identify the details and provide solutions. In the process they waste everyone’s time and inflate Renaissance budget.

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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