Culture of Fear in Risk Management - Anonymous employee DTCC Employee Review

1.0
Dec 14, 2023
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Not so much any more

Cons

DTCC has definitely changed. What used to be more of a location where you were able to say you worked in the middle of the financial industry and your job had purpose has been relegated to a new culture of strict command and control and never knowing where you stand. The culture is fear-based. Management is insecure and you don't know what mood your boss is going to be day-to-day. Many in middle management are inexperienced in people management and underqualified in soft skills. They are learning from insecure people and maybe don't know any better. People are scared to report problems as a result. Everyone just checks in and checks out. Inexperienced diversity hires are everywhere as well which de-motivates people. Tone at the top is run like the Wizard of Oz behind the curtain and there is no pulse on the ground to the people that are actually doing the grunt work. Somethings going to bust soon. You heard it here first.

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5.0
May 17, 2026
Recommend
CEO approval
Business outlook

Pros

Very good work culture at dtcc

Cons

not many cons at dtcc

4.0
Jun 5, 2026
Recommend
CEO approval
Business outlook

Pros

Internal Audit's work is meaningful and provides strong exposure across risk, technology and operations. Audits tend to focus on areas that truly matter from a regulatory and risk perspective, so you're not just checking boxes. There is a genuinely strong team culture. Colleagues are competent, collaborative, and willing to help, with a good mix of experience levels that make it a solid environment for learning. There is also clear investment in employee development. Managers often have regular career discussions, and there are ongoing efforts around training, including newer areas like AI tools and capabilities. Recognition is present, and people are generally acknowledged for strong performance. Overall, it's a strong place to build audit fundamentals, gain exposure to innovation initiatives, and develop credibility within financial services / internal audit.

Cons

Internal Audit's workload is consistently high, not just during peak periods. It's common to juggle multiple audits with overlapping deadlines, alongside continuous monitoring and other responsibilities, which can make it difficult at times. Processes can be very documentation heavy and sometimes feel rigid, which is expected in a highly regulated environment but can reduce efficiency. A significant amount of time can go into formatting, reviewing and aligning work papers to methodology. Some workflows remain manual, which adds to the overall pressure and limit efficiency.

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