Pros
Jersey City makes all decisions for the global. Manila, India are just there to operate and support. Design and thoughts are from the US.
ED and MDs are very powerful. They decide and if you are with an unbiased ED or MD, consider yourself lucky. Else life is horrible. Every November a list is prepared for laying off people. Outside market will not know this.
HR is just dummy. HR in Manila are good. HR in the US and India are just for paper work.
You get to work on the latest technologies and infrastructure for office and staff for IT is too good. DTCC gets lots of funds from their Bank clients. So they invest heavily in infrastructure. Risk and Resiliency are more important than innovation and money. In house resources are there only to operate. Plan and design is always outsourced.
Cons
Contractors get to work on the cream aspects and operational aspects are left with in house resources.
ED/MD may fire you anytime or a list is prepared every November