Pros: you can get paid ot
Cons: poor management, extra work is not recognized, constant changes to the operational model
A typical day is 90% daily, repetitive tasks. These are done for the same time every day, and becomes mind numbing after a few months. whenever you have a free second, you can look into inquiries sent by other teams or external clients to keep yourself busy. You will get a basic idea of trade settlements, reconciliation of funds, some basic accounting entries. Do not expect a formal classroom environment as everything is learned on the job. In other words, the amount of things you learn are dependent on your initiative, and there is no emphasis on learning how your work relates to the other departments, or "centers of excellence". Management is extremely nonchalant about employee retention. You can do the bare minimum, or work 10-12 hours a day, there is no guarantee you will earn a promotion. Furthermore, the turnover rate in the department is extremely high, most people leave as soon as they get to a year, and management does not hire anyone to replace the exiting associates, leaving fewer people with more work. I'm honestly surprised the department is still functioning with the skeleton staff left. Also, there is an unhealthy reliance on interns to avoid hiring FT staff. The staff tends to be fresh college grads and a mix for the interns. The most difficult part of the job is trying to resolve exceptions that you have not caused, but somehow is your responsiblity to fix. The most enjoyable part of the job is once you know how your processing is done, the days go by smoothly.