(Porto office) Frustrating experience, but some interesting technical challenges - Senior Analyst Natixis Employee Review

2.0
4 Nov 2021
Recommend
CEO approval
Business outlook

Pros

* Processes are mostly software based; * Some colleagues are technically knowledgeable and have good academic backgrounds; * Opportunities for interacting with teams across the globe; * Comfortable facilities.

Cons

* Zero career progression based on merit, promotions are mostly on paper and the actual salary increases are almost non existent - when colleagues compare their salaries, oftentimes you have recently hired juniors earning 95% as seniors with 2 years in the office; * They pay below market rate and managers will openly tell you that they will not raise your salary despite you having very good performance evaluations, and they tell you they will only do so if you bring an offer from a competitor company to threaten them to match the offer or you leave; * Zero transparency on office policy - HR is never open about anything and are always trying to manipulate and pressure employees, as if employees aren't able to easily realize this is the case; * Management is very fake and is always pushing internal propaganda (e.g. they like to give the impression that they are very pro-female but when they have events on diversity, the main speaker is the office manager: a 50yo white french man); * Porto management is basically a proxy for Paris management, they have no power on anything and they are there to enforce what Paris management tells them; * Employees that have very good performances are often stopped from progressing or changing projects because they don't want to risk having to hire a replacement, and they do this without raising the pay for those same employees; * They want to pass the image that they are somehow very committed to innovate technologies but they are extremely classical and conservative - they never support initiatives for new internal projects while doing conferences about innovation iniciates (that don't exist) - they only want operational tasks done and creativity is often frowned upon.

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Natixis Response
4y
Let us start by thanking your feedback on Natixis in Portugal. In Natixis, we truly appreciate feedback and transparency. It is key for us to have a clear vision of our employees’ insights and ideas, so we can create an increasingly better environment within our company. It would have been very helpful if you have discussed your perspective and suggestions with HR and/or your manager before leaving the company. Natixis wishes you all the best in your new challenges.

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Cons

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1.0
11 May 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

A lot of easy transportation options.

Cons

I'll be direct: Natixis CIB's management has a serious disconnect from market reality, and a recent job posting ("IT compliance and finance manager") is a perfect example of it. They are advertising an L1 IT management role — a squad lead position — with a requirement list that would challenge a senior director at a top-tier bank. Python, SQL, Informatica, Business Objects, Power BI, Easymorph, Sybase, CI/CD, Agile, data modeling, requirements gathering, budget management, Steerco presentations, compliance oversight, and direct people management — all in one role, all expected simultaneously. The compensation attached to this does not come close to reflecting that scope. Not even close. This isn't an isolated posting. It reflects how Natixis routinely structures roles: overload the job description, underpay the hire, and then use performance management as a pressure valve when the person — predictably — can't do everything. I have personally seen talented, experienced managers placed into roles like this and then PIPs'd out when they couldn't deliver the impossible. The PIP process here is not a development tool. It is an exit mechanism dressed up in HR language. Leadership operates in a top-down, Paris-driven model that is slow to change and resistant to accountability. Decisions that should take days take months. Technology choices lag the industry by years — the tools listed in this posting (Informatica, Business Objects, Easymorph) tell you everything you need to know about the modernization roadmap. If you are a strong IT manager with real skills and real options, do not take this role at the pay they are offering. You will be stretched thin, undervalued, and held accountable for systemic failures that predate you. The market will pay you significantly more for less frustration.

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