CLS Group Reviews | Glassdoor.co.uk

CLS Group Reviews

Updated 16 Feb 2020

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2.5
31%
Recommend to a Friend
74%
Approve of CEO
Pros
  • "Good work/life balance but a lack of formal career development/path structure(in 8 reviews)

  • "As a small company there are often opportunities to grow the company, whatever position you are in(in 4 reviews)

Cons
More Pros and Cons
  1. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Technology in London, England
    Recommends
    Positive Outlook

    I have been working at CLS Group full-time for more than 3 years

    Pros

    Clear direction and investment in employees at all levels. The work in the last three years has become much more innovative and interesting.

    Cons

    None significant. It’s not a 9-5 office. People are committed and work hard.

    Continue reading
    CLS Group2018-07-22
  2. "the worst place to work, sleepy place, with middle management backstabbing"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Auditor in London, England
    Doesn't Recommend
    Neutral Outlook

    I worked at CLS Group full-time for more than 3 years

    Pros

    possible working from home arrangements

    Cons

    colleagues are dull, middle aged people, not interested in personal development; backstabbing at any level, no team spirit whatsoever; HR don't care about staff members, only about the EM team sleepy place, no support for further development, middle management doesn't have any voice

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    CLS Group2020-02-16
  3. Helpful (3)

    "Some chiefs should not be there"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend

    I worked at CLS Group full-time

    Pros

    Small company with a straight forward purpose

    Cons

    Culture is controlled by the chiefs. Some of whom are ego driven and reactive rather than proactive.

    CLS Group2019-07-06
  4. Helpful (1)

    "Project Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

    I worked at CLS Group full-time

    Pros

    Overall good culture within organisation. Most people are down to earth and friendly. Salary levels are reasonably good. Hours are reasonable for financial sector.

    Cons

    Most of the project managers fall under a new individual who frankly doesn't understand project management and makes rash ill thought out decisions. There is a lot of governance and audits done on the projects which can make delivery rather cumbersome at times.

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    CLS Group2019-05-14
  5. Helpful (1)

    "Okay"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Financial Analyst in London, England
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I have been working at CLS Group part-time for more than 8 years

    Pros

    Learned a lot while here

    Cons

    Didn’t like the company values

    Continue reading
    CLS Group2019-05-03
  6. Helpful (1)

    "Good place to start or finish your career."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Business Analyst 
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I worked at CLS Group full-time for more than 5 years

    Pros

    Solid foundation FX, Project, IT, Security and FX Settlement best practice. Good work/life balance but a lack of formal career development/path structure. Pay & benefits competitive but bonuses pots not as high as normal banks due to non-profit nature. Great place to learn first class standards.

    Cons

    Competitive internally due to it’s relatively small number of staff. Ability to work in in both NY, Japan & London. Often management infighting and battles for the top job/s. Growth as a company is limited due to the fact that CLS was built for one purpose so you employees will not benefit from increased profits.

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    CLS Group2018-03-23
  7. Helpful (7)

    "In top two worst places I've ever worked, chaotic with low standards in work and management culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Staff Member 
    Doesn't Recommend
    Negative Outlook

    I have been working at CLS Group full-time for less than a year

    Pros

    Only for the money but it's not worth it for what it will do to your mental health state and health generally due to the stress.

    Cons

    People are employed for their expertise but are not allowed to use their initiative. There are some extremely bad bullies. It is very targeted and nasty. This is by managers and people that are their 'side kicks' that are grossly incompetent but will not admit to their inadequacies (but rather put them in a 'management' role. They are always looking for scapegoats to shift the blame, even if the person is very professional and does a far superior job than them. There is no escalation process to deal with managers that are bullies. Some of the managers based in the US treat their team members in London like slaves: they dictate, don't listen, and don't inform them what is happening. They do not plan things properly, everything is a reaction, they don't listen and then when it goes wrong and try to shift the blame. They treat seasoned professionals as if they are junior apprentices, undermining them and insulting their intelligence. The way some US managers speak is dogmatic, controlling and nasty with zero courtesy. The do not support their team members, ignore emails then demand things to be delivered when they click their fingers (despite it being delivered already (or they had forgotten they'd asked somebody else to do also) but they missed it or it is something they were provide support/responses on). Some managers and their teams do not treat their staff with any respect. They do not acknowledge all the great work but instead become extremely vindictive if a professional raises a concern to them as a risk about operational practices and standards. Instead they try to make your life unbearable so that you leave and try hard to find something about you or your work to criticize, and withhold privileges that is common to other team members as revenge.

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    CLS Group2018-02-14
  8. Helpful (6)

    "A prison cell in a modern office"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Analyst 
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I worked at CLS Group full-time for more than 3 years

    Pros

    Small company that is fundamental to the market so a decent opportunity to contribute. A fantastic CEO who has a great grasp on telling the market what they need to hear. Great place to work if you are on the nearing the end of your career and want to coast to retirement as you are paid well and allowed to deliver virtually nothing.

    Cons

    Hides behind the fact nobody on the market provides the same service and owes its success to a freak event which occurred in 2008. Doesn't know how to evolve. Introduced failed products not reflective to "Street" needs. Scared to annoy those on the Street who it borrowed from. Prehistoric policy for analysing risk and seem to make it up as they go along. Thinks it is a big company when in reality most google what CLS is. Will be a matter of time before the banks create a similar but better rival service. More Directors than a Hollywood film set who promote those who give them the least trouble. Politics amongst the Management affects the morale of the staff. Has a feel of a company being run by management who never did quite cut it in the big leagues of investment banking. Suggestions for improving the business go through more hoops than a basketball does in a season. You speak to your manager, who speaks to his, who speaks to his, who claims your idea as his own gets promotion and meanwhile the idea doesn't get implemented and you get told to work harder!

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    CLS Group2017-05-07
  9. "Good company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at CLS Group full-time

    Pros

    Good people and interesting work

    Cons

    Nothing of any significance to note

    Continue reading
    CLS Group2017-01-03
  10. Helpful (10)

    "CLS Management are just not getting it right"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Associate Director in London, England
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at CLS Group full-time for more than 5 years

    Pros

    Some really lovely people work at CLS. There is a clear divide between those that have been with the firm for many years and those that have joined in the last 5 years but I don't think that is a problem as everyone gets on well together. There is a divide between the US and UK but again it is manageable. Management is aware that there are problems and are not shy about rolling out initiatives to stop the haemorrhaging.

    Cons

    There is a lot wrong with CLS and the problem lies with an ineffective, insecure and paranoid EMC. The most recent culture initiative was a major disappointment. The leadership program came to nothing. The performance management process is onerous and broken (people spent all year working towards a promotion only to be told that the NEW performance process is no longer applicable as they will spend the next 18 months sorting new 'corporate titles'). Resources are tight because people are constantly resigning - it's the worst I have seen in any bank.

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    CLS Group2016-11-03

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