Standard Chartered Bank reviews

The attrition within Standard Chartered is the highest I have seen. It is like a revolving door across the business and technology team with many complaining about the same root cause. IT heavily micro-managed by the business using their historic and out-of-date knowledge, this heavily impacted courage, creativity and agility. Projects start with brutality and no regard for personal circumstances. Demands for immediate business travel are not unknown which made the eTrading the least family friendly environment I have experienced. Infamy of certain business heads impact seriously on hiring, hence the need to over pay for "hero work" Name calling, rudeness and arrogance purveyed by business heads led to a wider trust issues within the global team. I saw many simply give up because of the risk of upsetting certain business heads. This was a shame as it suppressed intelligent thinking. Being part of a clique essential to longevity.

The new management had to cut - sadly it is no longer a meritocracy and many good people who made money for the bank were let go as the cuts trickled down and senior managers protected allies. The best people are moving to other banks leaving a sub optimal standard, in my opinion the bank is ill equipped to meet the challenges it faces. The impact on the culture has been huge with many good people managers gone it has encouraged a much less collegiate work place. Those who remain say morale is at an all time low.