Has anyone heard whether risk programs are being paused right now? With so many changes lately, it’s been tough to keep up, and I’m just trying to get a clearer picture. The goal is to make sure teams are set up for success, so any insight would be appreciated. Managers are eerily silent.
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There is a company wide townhall on 3/12 where DF will talk about risk framework. Let’s wait for that for more clarity.
@OP, They are stopping all manual risk agents. They are learning how to create create AI virtual risk agents. They have been quiet because they don't want you to get upset while you are still employed here.
It will be interesting to see what these risk folks will come up with during their KBR grief process. I am sure HR is battening down the hatches waiting for this. When you get laid off expect to be mad.... Then get over it. Else you will end up a year latter trying to get an interview.
Risk teams, looking at you second line, were only needed to appease the regulators. The work was never meaningful and they never did anything materially notable. Toss them in the same pile as DEI initiatives. There I said what you already knew.
We falsified all our testing in EBCE and RCSA, as did IT&V, we were able to bluff the OCC that we actually became ethical (su-kers) we got the consent orders removed so no longer a need for a risk org with any integrity, all the street shi*ters in India we hired will find any controls effective if we tell them to, problem solved.
@fb
No. It’s J/O in DSM
@cg yes. A while ago Conduct Risk was gutted. So it’s coming. Lots of good, smart, hard working people will lose their jobs.
@a9 Is the same person in DF email on 2/27?
@a8 These strategies work until they don't. Will the agentic AI break this strategy?
@a4 I’m hearing rumors about that happening. Have any happened So far?
Hard to believe he or she had the audacity to mention this publicly unless they intended to get under Derek’s skin.
I was floored to hear on our last group quarterly call that this bank doesn’t care about risk anymore. It came straight out of one of DF’s flunkies.
The clown in DSM was finally forced out?
@a9 WHO!?
One of DF’s directs just announced they are jumping ship. So it begins.
Managers are not silent — they are practicing Advanced Strategic Stillness™. This is a leadership technique where communication is preserved in its purest form by not releasing it prematurely into the wild.
In the meantime, teams are encouraged to:
• Continue preparing.
• Continue not preparing.
• Align.
• Realign.
• And, if necessary, pre-align.
Rest assured, the goal remains ensuring success, clarity, transparency, and possibly interpretive dance. Should Risk Programs officially transition from “Schrödinger’s Initiative” to a defined form, a meeting will be scheduled to schedule the meeting announcing it.
Hope this helps bring crystal clarity.
We're back to 8 is great.
Some risk folks are moved to business team.