They are not kind individuals. Simply observe the town hall meeting that SM conducted last week. She treated each of her reports as if they were children, or even more aptly, as though she were the almighty. Mocking every one as if she were all-powerful. Behind closed doors, she is as unpleasant as they come. She must have learned it from her direct superior. Drain the swamp!
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Compliance focuses on regulatory risk. Operational focuses on the failures associated with people, systems and processes. If he wants to combine them - go for it but look luck on training compliance to look at things without a regulation tied to it and training operational risk to look at things just because a reg applies. I imagine it will go as well as training business risk to become “Control” when they had never really heard of “Controls” before the 3rd round of RCSA. What purpose would it serve? I guess the age old “we can do this with less people?!” Not really but let’s throw cr-p at the wall and see what sticks!
I’m just glad Sue A left . She had something against minorities on teams.
corporate risker here. I love it here we are so much better than everyone else lol
@e6 the business does own the risk. And at most large competitors ops risk and compliance are combined functions.
Are we surprised? Her boss is the definition of a loose cannon. DF says such bull all day that hasn’t been vetted by anyone which causes most of his directs to run around in circles trying to do damage control. DF was the one that let the RTO cr-p out of the bag early, he’s the one that thinks compliance and ops risk actually cover similar stuff. He’s the one that said the business owns the risk! Have he even read the risk management framework?!
Corp risk is the most rotten, swollen, putrid part of WF. It needs to be cut by 70%.
Looks like exhibiting hatred is the risk strategy to get rid of people in that group. Good luck with that. We should irritate so much that they quit the org for not being successful.
@ch Understood :-) At her age, she wants attention desperately.
SM was supposedly pi---d that more people didn’t come to the town hall in person to see her almightiness.
All comes from the tone at the top. That will be obvious at the Corp Risk Town Hall next week.
My corporate risk leader under SM doesn’t even say hello to me as we pass each other in the hall and they know who I am.
So much for the in office collaboration and community.