A place for retirement, not for career progression; Office environment seems to be the 80s
Pros
Working in ITO, the only pro is that if you are just an average performer, you can still survive in this organization (at least in ITO). I have seen people who are paper pusher and quality of work left much to be desired, yet they are still with the bank for a long time.
Cons
- Promotion is mostly based on how long you are with the bank; You can perform well but if it is not your turn yet, you can never get promoted. I have seen one co-worker who had been with the bank for more than 6 years, his only contribution was 1 single project for the entire work year, ye he got promoted. - ITO office in 20CQ is a joke for a foreign bank. Decor looks like the 80s and frequent toilet breakdown (urinals overflowing with urine) - Office demography is about 30% locals. When a local leave, manager will take opportunity to get one of their own (race, nationality) as replacement. - Management never care about staff welfare, main concern is on project schedule and budget. It's basically a factory here. - Bonus is pathetic (not like basic salary is any better). Managers will always say bank is still recovering from fine, but bonus is always record-breaking each year.