Risk is filled with excessive layers of management and bureaucracy that prevents anything from being accomplished. Everyone appears to be a director and highly compensated to keep the up facade.
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@be So start your own or work for a startup. I hear a lot of excuses but not any valid solutions
This entire organization could be let go and the bank would probably be better off, already got rid of Mr. flowers can they please take Smorgan out next?
Bureaucracy ?......want a good movie to watch that highlights this humane endeavor - watch Ikiru by Akira Kurosawa. The scene in the snowy park with Kanji humming that song will haunt you for days. A very bittersweet and memorable movie.
@c5 The Risk people assigned to haunt my team are still micromanaging revenue generators and staying hyper-focused on minutiae in an obvious attempt to justify their own existence. They serve no legitimate purpose and seem to exist solely to make others miserable. At least that's true of the Chief Risk Office person who single-handedly te--orizes all of us.
Corp Risk has shrunk from 12,000+ to less than 9,000 today.
That doesn’t count first line risk shrinkage that corporate risk absorbed.
How can anyone possibly say Risk it’s inefficient or bloated?
It’s actually quite efficient.
Compliance is the most bloated of them all. Armies of people with barely enough work for a part time job. I came to compliance externally but am concerned how slow it is.
@b5 They'll never be happy anywhere because every major corporation and most minor ones follow the same playbook. That's why they all released the exact same RTO statement about "collaboration." FFS, can't they even bother to reword the press release that was written for them by Deloitte or whichever PR firm they all rely on? Companies demand integrity from you only so they can punish you for having it. You can tell by who's getting laid off and who isn't, and by how people who have rated "meets" or "exceeds" for years are suddenly placed on PIPs. Only a spineless, soulless boot-li---r would be cool with that.
Those that call others bootlickers will never be happy anywhere. They are the know it alls that can run circles around everyone yet cannot get out of a bank 😂😂😂
It’s obvious who you are too
There won't be excess for long. SP is about to massively cut that org.
This is spoken like someone who gives a sh-t if the bank is efficient. But why? As a working environment this place has gotten worse and worse in basically direct proportion to how it's efficiency ratio and stock price has improved since Charlie took the helm.
@OP All of Wells Fargo is filled with excessive layers of management and bureaucracy that prevents anything from being accomplished.
@OP
Ok.
Oh no, some people not working super hard for this wonderful organization? After bending over backward to treat us so well? The horror 😱
Only a bootlicker would care.
You could say the same thing about the majority of WF, especially the noncustomer facing areas.
Wouldn’t be a bad idea to fire 20% of them. By all measures, the only thing they are probably managing effectively is their pocketbooks.