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Firm in Decline - Systems Engineer Newedge Employee Review

2.0
Sep 13, 2011
Recommend
CEO approval
Business outlook

Pros

Good benefits- Good 401k program, good insurance, good continuing education program, good amount of PTO. Sometimes there is an Ice Cream social on the top floor.

Cons

Upper management is in France away from the majority of the staff. They make decisions that are not based on what is good for business and has a negative impact on employee morale. It is difficult sometimes dealing with French models of business and egos. Many times efforts are made from upper management directives that squander important resources; often these overly consuming efforts are wasted when upper management decides to go in another direction away from original efforts. Business lines are always dictating the priority of their projects/initiatives and when priorities are not agreeable to them they will waste no time stating displeasure to the highest management that will hear them. There has been little to keep very talented staff on the payroll and little effort to hire talent to replace vacancies despite fairly shallow programs to attract new hires. The aren't enough people to do what this firm wants to do. 2 years ago there was, but the company wasted lots of money and left their employees holding the bag. The company had promise 2 years ago, but it is a place now with little motivation to be a competitor. Its not a cohesive place with a majority focus or goals.

Explore other reviews about Newedge

5.0
Mar 7, 2017
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Great company with great people working in it.

Cons

Some tasks might be redundant if you're just starting out.

4.0
Jun 18, 2013
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Seeing some negative things out here about my company. Some justified...most not. I've worked in financial services for 20+ years, and in my opinion Newedge is still a good place to grow. Benefits from my perspective is the size of the firm relative to our leadership position and the global scale of our operations. Firm size is relatively small at around 2,700. The team I work with is very thin. I've worked at the large shops and prefer the Newedge atmosphere as I find it more rewarding. Smaller teams mean the opportunity to learn more on any project. You also have more direct control for a project's success and means to completion. This is the first global firm I have worked for. Although the hours are not always ideal, in my role I do get to interact with colleagues around the globe. That perspective and experience is beneficial for this role and whatever may be next for me down the road.

Cons

FCMs have had a rough road the last few years and that has had a cascading effect throughout the industry and at Newedge. A side effect of all of this is greater regulatory scrutiny which in turn equates to more checkpoints. Internal/external audit, reporting, compliance oversight are all at fairly elevated levels. The volume of forms to be completed for this request or that request seems overly bureaucratic at times. This all makes the completion of projects that much more challenging.

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