Word is once the new CRO gets settled, they will be merging ITV and compliance. The goal, of course, is more layoffs in the name of efficiency.
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“Word is”….this is just that troll obsessed with these functions who thinks he’s being clever.
They will be merging Risk Asset Review with them next.
Makes sense. There are way too many people in compliance and ITV currently.
Nah, just the crazy guy trying to get this rumor going in the middle of the night again.
RIP to these functions lol
Once you realize that Powell is the architect behind the layoff strategy of the entire company you'll know what's coming.
@bw yes, my guess is they wanted to take a phased approach and try it out/work out the kinks in a smaller space first before rolling it out more broadly
@br didn't Ops Risk and Compliance merge in the International space?
That doesn't really make sense since they are basically completely different functions. I've heard rumors of Ops Risk/Compliance merger which I think makes more sense (combine ORBO/BACO into one role)
What do you mean “word is”? Where did you get this information? Do you think spreading rumors is helpful?