Thread regarding Wells Fargo & Co. layoffs

Patrick Dillon and his army of checkers checking checkers

How is testing and validation still here? We are the only bank in the world that has an entire team in the second line that performs control testing. They are highly paid, under qualified and just redo what the business already does. I thought we were trying to cut costs and instead of cutting people that actually bring value we have this group that does nothing but add inefficiencies. Add in the many other layers and layers of checkers in the second line, but certainly start here.

  1. s. Patrick doesn’t have enough banking years for a director level role and is a job hopper.
by
| 4891 views | | 9 replies (last May 4, 2021) | Reply
Post ID: @OP+1aBYQPHC

9 replies (most recent on top)

Corp Risk and ITV are useless.

We can fire them all tomm, and the bank's productivity will go up.

by
| | Reply
Post ID: @5nsp+1aBYQPHC

PD has never a tested a single control in his life, he would never qualify for the job if there had been a legitimate selection process. In addition, over 65% of the annual ITV test plan gets deferred year after year and is never really completed. The 35% that gets completed is usually so late that it adds no value. I worked there for 12 months and couldn’t wait to get out. It’s by far the most ineffective business group I’ve ever seen in 25 years in the workforce. I honestly believe the bank would be better off it was dissolved entirely. It only exists to please the regulators.

by
| | Reply
Post ID: @5gaq+1aBYQPHC

Don't worry.. as someone who has seen both sides.. reason IT&V is still here is regulators wont let it go away.. due to failure by FLOD to-do thier job.. so yes there are people checking BS cr-p because FLOD cant follow thier own policies.. but good news is soon in RCSA they are going mostly to oversight.. and since teams like ICS still don't write correctly to NIST standards.. and that is thier new bench mark that FLOD will be required to adjust to.. going to be fun.. i mean IAM just had to completely redo almost every control they had because they were so horrible. but CF is doing great job.. he just moved bunch of people over to FLOD to help QC do thier work cause again they couldn't do simplest parts to thier job.. and im guessing those folks wont be going back to IT&V as thier roles are being backfilled as we speak.

by
| | Reply
Post ID: @4tww+1aBYQPHC

There are the testers, who are then QCd by folks now in India. On top of that there is an enterprise QC team who reviews the original tester and the first round of QC. There is so much red tape it is pathetic. Another poster was right, anyone above the Manager level is not doing ANYTHING and is living off the back of the work being done by the testers.

CHARLIE - YOU CAN GET RID OF EVERYONE ABOVE THE MANAGER LEVEL AND AT LEAST ONE LEVEL OF QC and SAVE $$$$$$

by
| | Reply
Post ID: @1crk+1aBYQPHC

All id--t PD has done is add more useless Senior Directors. These big hires he's made have sat around and re-org their areas to add more Directors and Senior Managers. Yet most in his whole org still have way under 7 directs. How does spans and layers work where all they do is add more senior level managers? They have a huge QC support function that adds absolutely no value and dings for a naming convention being off or some other pathetic "finding" that isn't a risk. On top of that they have another support team that does nothing but monitor SHRP and the internal engagement platform and enter dates and send out useless emails. The Home Lending ITV team has a former "Senior" Director who got demoted and his reward was to keep his job and only have 1 direct report now. The CTSDI leader has another useless support team who's whole job is to send out email reminders and act like they do actual work.

by
| | Reply
Post ID: @1iql+1aBYQPHC

Truth. Going through a process now and it's the most asinine stuff, with 10 people copied on every email. And in the end, nothing that has any material value to controls, risk, etc. It's akin to debating the oxford comma in a personal email.

by
| | Reply
Post ID: @1hnq+1aBYQPHC

Yet another useless function.

Checkers checking checkers who are testing the testers.

Meeting for a meeting for a plan for a plan.

This sh1thole is bonkers!

by
| | Reply
Post ID: @1jsl+1aBYQPHC

PD is a “Senior” Director with not enough experience.

by
| | Reply
Post ID: @1lbc+1aBYQPHC

Wasn’t Nate hermanator moving most of them to the control evaluation team in front line?

by
| | Reply
Post ID: @1xsh+1aBYQPHC

Post a reply

: