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The Options Clearing Corporation

Engaged Employer

Disconnected Senior Leadership - Drowning in Tech Debt and Empty Promises - Associate Principal The Options Clearing Corporation Employee Review

1.0
Aug 30, 2025
Recommend
CEO approval
Business Outlook

Pros

The employees on the ground are skilled, collaborative, and genuinely care about doing the right thing. Legacy systems and processes while outdated, at least provide some stability for now. A few strong SMEs remain who do their best to hold things together.

Cons

Leadership is completely removed from the day to day reality of how broken the environment actually is. Decisions are made in isolation, with no regard for the technical debt piling up or the people responsible for keeping critical services afloat. Instead of fixing anything they are now obsessed with throwing money at flashy AI projects. It's already burning cash and does nothing to address the real problems dragging the company down. There's no coherent roadmap, just a series of knee jerk reactions, acronyms for everything and poorly planned initiatives. Projects are launched without proper resources or understanding of dependencies, leaving full time staff scrambling to patch issues that leadership never anticipated. Consultants are brought in and deemed useless as they have to rely on fully time employees to get anything meaningful done. Instead of investing in sustainable fixes, temporary band-aids are applied and it's on to the next fire.

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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