Pros
The financial industry is undergoing a tremendous amount of change at this time and CCPs are at the center of this process. Amongst the CCPs, LCH.Clearnet is one of, if not, the biggest in terms of risk under management (depending on your favourite risk measure). Because of this central role, LCH can be a leader for positive change or a laggard if they choose to react rather than proactively address industry needs. This creates unique opportunities for LCH employees to shape the structure of the finance and derivatives industry going forward.
Cons
There is very little appreciation for the growth and development of individual employees who are underpaid compared with their banking peers. Also, there is a preference to make external hires rather than promote internally thereby decreasing morale and productivity. There is also a preference to use costly consultants / contractors rather than improving salaries and developing the roles of permanent employees while up-skilling more junior staff. The only way to get a raise seems to be to show up with a better offer from elsewhere which is then countered. This creates an incentive for the most capable staff to find other jobs and then leave while you retain those that are unable to find better offers.
