we started hiring employees based on interview performance and qualifications?
For example, we have three main risk groups: 1. Audit, 2. Corp Risk, and 3. Front line risk. Audit has the highest standards for hiring (CPA, CIA, etc) and major churn to get the weak out. Audit follows an established internationally accepted framework. As you go down down to Corp Risk and Front line it’s filled mostly with people that can’t meet the minimum standards in audit yet they get paid more. They have a perceived higher understanding of LOBs but it’s rarely true due to how large the bank is. It’s interesting and probably part of the problem. You can expect the front line to bo-b soon as a result. Lack of qualified people to be successful