Saxo Bank Reviews

- A company without direction, constantly trying to reinvent itself and mostly failing. The top management and current CEO are rather easy influenceable and always lose the focus to say the least, chasing wild geese instead of chasing concrete results - too much, WAY too much bureaucracy at so many levels it makes you head spin. Very slow to take important decisions, - most important departments have been changing heads faster than some people change socks, that of course is self-explanatory. When they do get some person bent on doing some radical and much needed changes, they soon fire him/her, because the old geezers in CPH don’t want to hear how they’ve wasted so many years, they rather live in complacency - compensation-wise, there were many-many promises over the years, of course unfounded at least 1/2 the time that led to big disappointments and waves of good people leaving in droves, leaving the mediocre behind, the same mediocre staff eventually creeping up to some decision-making position in CPH thus completing the never-ending circle. In Saxo Bank being 15-20 years in the bank, they start putting you on a pedestal like a demigod, regardless of skills, rather lack of you might possess

Danish centric, as expected. The Nordics remain behind when it comes to the best AML practices. Most of the AML/Compliance staff based in Denmark doesn't have the slightest intention of getting up to date with the latest risks and trends in the AML arena. They are also reluctant to make decisions and they try to push everything to the First Line of Defence. A mix of true ignorance and laziness. The Compliance team in Denmark doesn't like to be challenged, specially if you are not Danishor based in an overseas office. Getting into the Compliance team is 99% of the times reserved to Danish people. But note that the official language of the company is English, and th ecommunication to the Danish regulator is in Danish and English. Also, you can imagine, the most problematic clients are not Danish, so the language criteria becomes pretty irrelevant. The Danish squad is also very reluctant to deem the UK or other EU regulators as their equivalent. The squad has a mentality that Denmark is more honest than the rest of Europe (looking at the Danske case... they should be more realistic about their honesty as a country). Note that this is an opinion about the technical side of the job