Looks like Deputy Chief Compliance Officer, NS, is out. Not sure if she is leaving for a new job or was cut because of spans and layers. Anyone know the true story behind the announcement?
6 replies (most recent on top)
It’s truly pathetic the lack of any progress in compliance in 4 years. I mean I can give some acknowledgment of progress on Ops risk but Roemer and his deputy did squat. Same antiquated MR systems and processes for managing compliance and tons of businesses still out of compliance with tons of Regs.
She was hired by Tim Sloan and fired Board Members. Worthless. She is being pushed out.
So the question should be if they are replacing this high priced useless executive? She was another in the long list of people who did nothing but s— up tons of $$$ from the company. Added zero value.
Probably didn’t make sense to have a deputy with the new chief compliance officer PD coming in 2 weeks in concert with re-implementing the business aligned chief risk officer structure.
JO from DMI was announced the same - pursuing opportunities outside the bank. BA from Commercial Analytics is already zz'd. So many high / mid managers leaving to spend time with their families or pursuing new opportunities. I am sure there is a great JPM replacement on hand to do nothing better!
At high enough levels most people don't leave to "pursue new opportunities" unless that new opportunity is guaranteed. They are being forced out and allowed to save face.