How many people work in Corporate Compliance? Are these people necessary or are they basically chimpanzees? Does anyone from CC ever get in trouble when bad things happen? Do they have any real authority or is it just imagined authority so they can keep us safe from the boogie-man?
Axe yourself these questions when you hear about layoffs in Compliance later this week.
Could use a reduction of useless middle management grade 15 or higher. They are useless and are corporate toddlers doing what's best for themselves and not their teams or the bank.
Why does a team need 6 managers with 2 or 3 reports to do jobs already done in other areas of the bank?! Our 1LOD Risk and 2LOD are bloated!
Same for CBB Risk and Digital Risk. Why ever do we need all of these people and groups who do nothing and get paid well I’ll never know. Smh
2LOD is a disaster that is gonna cost the bank in a few years. They are running the show in some areas and cant interpret regulation and manipulate regulatory guidance to fit their narrative because they've got to inflate their egos. Big men with big feelings.
CC was infiltrated by EFCC leadership in 2022. Most of the top talent has transferred out or left the bank. It's a circus now. Lots of trained chimpanzees.