When will IRM begin to chip in with displacements?
I keep hearing IRM risk people are somewhat protected, due to RCSA, MRA and consent order activities. Should I try and get a job within IRM to keep employed?
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IRM has been doing small displacements for awhile now. A lot of admins are gone. Some full time remote workers have already been told to move closer to a hub or be gone. Many more cuts coming in 2024.
RCSA will never be over. It will be done offshore though.
Ok, but I would think the refresh won't require nearly as much work and manpower as the initial assessment
The joke is that IRM is not independent enough. My managers are constantly trying to appease internal senior executives by allowing things to slide. Sadly the regulators are asleep as usually. They should be hiring more resources from financial institutions with practical knowledge and experience. I don’t know where the regulators find their clueless green examiners!
RCSA will never be “over”. It’s the standard going forward. I’ve already been in several annual RCSA refresh sessions for LOBs that have already went through their initial RCSA.
Yeah dude join the IRM gravy train.
Never. I mean, I kinda feel like that group will just try to expand. And then it will say, "see how important we are?! We take care of everything -- from testing to regulatory interpretation to complaint response." It's tough.
Anyone working on RCSA is basically protected until it's over. I've seen people expecting to be done sometime in 2025.