Concededly, Wells did overpay on market risk bonuses, but the cream of the crop that took these jobs in the past couple of years have to be kicking themselves.
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Corporate Treasury is the cream of the crop for Finance/Risk. Treasury has an actually business, unlike the second line pretenders.
Market Risk Consultants and Market Risk Managers were remapped keeping the same base to more granular titles. Use the Job Families Tool
I agree totally with @2viu. These are people who could not get into FO.
Market risk as a group have 579 employees and number grows bigger by the month. They are getting too fat. Time to slim down. All these prima donnas who used to be part of front office or couldn’t get into front office settle for 2nd best are working here. They feel entitled to having au pairs and trips to Bali and often brag about their inflated bonuses.
Can you give examples? What "position Titles" have had their bonuses reduced? What were the bonus percentage before and now after?
Has this been announced internally, like on teamworks?
To clarify here, it’s one thing not to make a bonus target one year. To have the actual bonus target cut is like getting a permanent salary cut.