Goldman culture killing the BLK culture - Compliance VP BlackRock Employee Review

2.0
Jul 31, 2024
Recommend
CEO approval
Business Outlook

Pros

Used to be a great L&C function in London with some great individuals in most teams. Good office location Work is stimulating and varied

Cons

A Goldman culture of fear and self-importance at the top of the Global Compliance function has killed the great atmosphere and the dynamics that used to exist. Senior L&C staff swan over to the London office on trips and it has to be treated like a Presidential visit full of fake forced fun and excitement otherwise you face the chop. All of this is combined with the wider "Big Brother is watching you" mindset that developed post-COVID, (e.g. you get put on a list and spoken to if you only came in three times the previous week or "You left 30 minutes after your contracted working hours - do you not have enough work?") A lot of good people have either been made redundant or are leaving the firm and new roles are only open in Edinburgh and Budapest which is part of the brainwave to drive costs down to maximise profit at the cost of talent (the brilliance of Goldstein). The staff that are left are now seriously overworked and there will come a breaking point. Too long have resources been pumped into Budapest and now Edinburgh and the people propping up the EMEA Compliance function are getting smaller and smaller. The last Christmas party was in 2019 - 2020 and 2021 were cancelled due to COVID and then never spoken about again. They even stopped with the "Pizza Parties" after the first 6 months and just decided to fire you if you didnt come into the office instead.

Explore other reviews about BlackRock

5.0
May 1, 2026
Recommend
CEO approval
Business Outlook

Pros

Good culture and kind people

Cons

Very large company with lots of internal lingo to learn

3.0
Feb 22, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

1. The executive leaders in the firm are doing a great job 2. Many people in the firm genuinely have a sense of pride working there 3. The (base) compensation is compatible with the market; bonus, however, is another story. 4. For the first ten years of my career in the firm, I made some great memories and made some great friends.

Cons

The culture of my organization started to shift away from a sensible approach and career nurturing to a hostile and confrontational one around 2 years ago. In several all-hands meetings, we were chastised for being "too nice" and were made clear that things would change. The anonymous feedback in the meetings was cut short or eliminated entirely because it didn’t paint a positive picture. In the last 2 years, 1. I was often asked and expected to answer, "Now.. what can you do for me?" in my 1:1 with my latest manager. 2. I was reminded more than once that English is my second language 3. I was reminded more than once by the manager that I should not speak during the meetings I was invited to because they weren’t in the right timing or not appropriate to the subject being discussed during the time There were many of these examples in the last two years with the firm that just seemed inconceivable; nevertheless, I had a great ride and met some genuine people that I consider friends even today.

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