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Financial Services
Snapshot
350 total reviews
Source
Glassdoor
100% of reviews mention positives
Page
4 / 35
Senior systems analyst
Good benefits and a place to get your career started after college. Training is a required objective of at least five days per year.
Once you have 10+ years of experience the only place for advancement is management. The technologies are rather dated and very much risk adverse.
Anonymous
For most departments, there are flexibility in terms of working from home, and working hours as long as it fulfilled 7.5 working hours/ day. However, don’t expect it from other department; Operation-based for example. It is really up to the department and the nature of business (department). There are activities, boardgames night, Movie Night, sports/ activities for KL employees. The facilities/ office condition is nice (expected from MNC company).
1)Transportation allowance has been fixed since 5 years ago (since SWIFT was first started in KL, 2013) It is a challenge since this country went thru many changes especially tolls, the stability of Ringgit (this point is valid if you see from angle, you were asked to go for business travel, you were given a per-diem allowance. Take that amount and convert Ringgit to EUR..you would feel the differences) :s 2) Flexi-benefit claim - the amount remain the same since 4 years (adding dental & vision allowance). Claim can be done for vitamins, monitors, etc but not laptop/ PC 3) Each department have different styles. If you are in department that is chasing numbers/ target..you might have a team that you need to compete individually instead of working as “a team”. There are ranking displayed which you able to see where you at. People can do whatever they want (ie; work more than 7.5 hours/ stay back) as at the end of the day, numbers and graph matters. Since certain manager chase numbers, it makes people to be individualistic. 4) Don’t have high hope to change how things being done. If things have been decided from the Top (management from HQ/BE), the definition of ‘challenge status quo’ most can’t be applied. Things have been decided, and you have to execute. There are some ‘rigidness’ in this sense. (Generation gap; more gen X, Y in KL than HQ/BE) 5) Make sure your salary is enough before you join. Average yearly increment is in between 4-6 % But this is depends on your skillset, department and yourself. Some might not get at all..particularly this year. 6) Do we have a structured program to groom existing employees in KL to become the next leader/ Manager ? NO. 7) As of now, there is no such thing as employee loyalty/ reward or even acknowledgment in KL. It gives an impression that this is just another company to work in.
Anonymous employee
Very knowledgeable colleagues, good learning opportunities
Poor senior management, no vision, no desire for taking bold decisions
Very good international exposure and good people to work with.
A little bit slow and bureaucratic - like a government agency, almost.
Software developer
SWIFT (Society for Worldwide Interbank Financial Telecommunication) has a very casual office culture at their VTC development center. Arriving at a meeting within 5 to 10 minutes of the start acceptable. Attire is casual, even the first and second level managers wear blue-jeans. Everyone is friendly, breakfast is provided on Wednesdays. Coffee and beverages are provided gratis every day. SWIFT is not a corporation, so they don't answer to share-holders, but is a cooperative of the world's banks, and so are providing a service to banks. Their goal is to decrease the cost of their services on a yearly basis. SWIFT started in Belgium, and headquarters are there, and so the organization has that European outlook on employees and benefits. Permanent employees are rarely let go or laid off. Benefits for those employees are great.
At SWIFT's U.S. development center, VTC, schedules are usually chosen by management for the developers, and the developers are expected to meet those schedules, no matter how poorly chosen the dates are, so this can mean long hours for employees. The work-life balance under those conditions is poor. The senior local management has been in place for some time, and there are not many opportunities for upward movement. Some in local management are near retirement, but those in the lower management positions, who have the same philosophies about managing, will be moving up into those positions.
Service manager
Good training opportunities, room for growth, competitive salary and outstanding benefit packages
The company lost its way while trying to be more of commercial and a profitable company, while it should be managed what it was founded as: a non-profit corporate. That it is supposed to be a non-profit organization is for a good reason so that banks can fully rely on it. If SWIFT becomes too commercial, an entity that can be replaced by a for profit company, then it will be replaced by a for profit company as SWIFT would become irrelevant.
Can be better and more focus on job than politic. Don't simply mingle with other people matter without knowing the fact.
Too political. Top management team just busy politic activities more than doing their tasks. Should change the top management to a more ethic top leader than a less quality leader.
Workplace is beautiful and location is prime. People are diverse, smart, and lively. The insurance and retirement benefits are incomparable.
The senior management I have come into direct contact with, although smart, has a frequency to overreact and display harshness towards coworkers and those below him.
i like to work here it's nice office and people are nice and they are good people and they like to work hard
there are no cons here
Good work-life balance, great company culture, high-quality people
Slow career, limited growth opportunities especially for young hires, average age 40-50s, best positions taken by those who are with company for 20 years