Seems like there has been some impact to front line jobs for CIB. Does anyone have any intel ?
Also with the costs cuts happening within CIB front line why are the second line teams not getting impacted especially teams such as operational risk which seem to be fairly bloated and are growing in size due to the RCSA initiative
Haven’t you gotten the memo? Risk and compliance make all the money for the bank and the front office people are actually back office.
That’s how comp seems to work at Wells at least. I should have worked in risk or something. They get paid too much to work 25 hours a week doing…No one knows.
I also had a coworker in the front office laid off this week
Think you just answered your own question. They need the ppl to do the rcsa work, once that’s done, they will likely also be done for. It’s like a temp assignment at this point.