Thread regarding U.S. Bank layoffs

Over bloated Risk Compliance Organization

I’m new to thia bank and trying to understand how the risk organization is structured here.

On my current project, I’m the only Product person, but I have six different risk people reaching out to me—often asking very similar questions with what seem to be overlapping responsibilities.

I’m genuinely trying to understand the rationale. If I’m the sole Product person supporting the program, why isn’t there one primary Risk lead who owns the overall program and coordinates the different risk functions?

Coming from other banking organizations, this setup feels very different. I’m curious if anyone else has experienced this or can explain why banks structure Risk this way. Is there a specific regulatory or organizational reason for having so many separate Risk contacts?

And honestly, from the outside, it can feel like a pretty cushy setup when one Product person is coordinating with six different Risk people.


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| 92 views | | 10 replies (last October 10) | Reply
Post ID: @OP+1m4632qzj

10 replies (most recent on top)

CBB Risk operates with layers of unnecessary reviews and manual processes that slow developer teams down rather than enable delivery. Teams are burdened with repeatedly explaining and justifying their work, particularly to a Digital Risk leader who adds scrutiny without demonstrating firsthand operational understanding. Instead of removing obstacles and empowering teams to make informed decisions, risk leadership creates additional friction, delays progress, and appears more focused on protecting his image than understanding the actual work and challenges the teams face.

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Post ID: @ye+1m4632qzj

Are we talking about first line Risk or second line Corporate Compliance? There used to be a difference and Risk in first line used to be more of a support to the business generating business while identifying and mitigating risks....today it is the opposite! Moving Corporate Compliance folks under JR into CBB Risk under Justin/Mel was a horrible mistake. It's become a witch hunt against the business instead of helping us move projects forward. Risk used to challenge when Corporate Compliance would overstep without identifying a regulatory risk. Now the business is bullied into submission on absurd requests and delays. So many CAT reviews are being sent back because 3 or 4 SME's reviewing don't understand enough or what they should and are nitpicking a sentence. Not because it is an actual risk but because it's their personal preference. The Business Line can no longer own their own risk and be at the table because Risk managers overstep and decide for the Business Line how we should operate our business. It is really bad and I hope leadership gets a grip on these Risk managers because we are destroying our business from the inside. Help!

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Post ID: @t5+1m4632qzj

@mc AR is that you?

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Post ID: @rk+1m4632qzj

Risk has been shrinking for 4 years and is the most aggressive in RIFs and RTO to force attrition.

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Post ID: @mc+1m4632qzj

Risk has been over staffed for at least 2 years now maybe 3.

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Post ID: @dq+1m4632qzj

JR’s empire is sponsored by Jose Cuervo

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Post ID: @bd+1m4632qzj

Because JR (head of Risk for USB) likes to build empires and seem important, and have key favorites on her team build empires and seem important.

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Post ID: @bc+1m4632qzj

Gotta love a group with absolutely zero deliverables, completely overlapping roles and responsibilities, and no discernible reason for anyone to be accountable for anything. Honestly, what a dream. I’m jealous.

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Post ID: @b3+1m4632qzj

Funny. I had the opposite experience when I started. Why were there 10 product people assigned to a single workstream for a project? The risk team were more specialized but there were too many cooks in the kitchen otherwise.

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Post ID: @af+1m4632qzj

Welcome to mega corp banking, where everything moves at a snails pace because of Risk/compliance. Have a cool idea to make things better? Sorry, that’s now labeled a “model” and you must offer sacrifices to the Risk gods.

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Post ID: @ab+1m4632qzj

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