MLC Life started well but then went back to old banking days
Pros
Note: Please note that MLC Life is now different from MLC. It's a separate entity that focuses on life insurance. MLC Life started off really well with a very forward-thinking CIO (2017- mid 2018), a few strong Agile-minded Head of departments. Hiring was focused on the right type of attitudes and characters that embodies a modern, technology company. Comfortable place if you play the game well - you an remain there for quite a while very comfortably.
Cons
1. Top level management are all very old school - traditionalists whom does not understand how to run MLC Life as a technology company, which leads to point #2 below. 2. Technology execs are not technical and more importantly, are not forward thinking - the new CITO is from another bank, the CIO, and next in lines are all his (CITO) friends who runs banks, old-school way. Nepotism is the way to go there it seems now. 3. Quite a few Technology Platform Managers are not technical at all. How do you manage a technology platform if you're not technical? 4. Outsourced responsibilities - MLC Life's processes & governance are all designed to put the blame on specific person. As a result, no one dares to assume accountability. The outcome? Everything is outsourced - so if something goes wrong, it's the 3rd party's problem. Or internally, there'll be layers upon layers of sign offs, so everyone blames everyone when things go wrong. 5. Governance - it's all just paperwork - top level management only cares about what's on paper, not what is actually done. It's a house of cards there not necessarily due to worker's doings but the top level management's attitude. The problem is, they're always covered when it comes to accountability - they never get the blame. It's always the ones they ask to do the dirty that gets it. 6. Sanagi funding - all the funds goes to external contractors in the millions that gets squandered but most internal teams have none (depends on who you know). Sad - it's like the kids of the family don't get any money from their parents, but they would give it to their friends. I honestly do not understand how this works. 7. The most ridiculous part of all - it's all politics and who yells the loudest there. If you sound like you know what you're doing, you get points. If you yell louder than others, you get points and if you know the higher ups, you get points.
