All these other groups announcing location strategies what is Corp risk waiting for ?
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Isn’t it mainly India or Charlotte with a few select roles in other places?
DF is an awful leader. He’s way too controlling and into the weeds on tasks that shouldn’t even be on his radar for someone so high up the ladder. He does not trust the people below him
There will be many “retirements” in risk this year. Top down.
Mandy was a miserable mo--n who knew nothing about risk. Was an awful DEI beancounter as well. 75% of every meeting was focused on diversity numbers.
Post ID: @1gmx+1r2lrY1R
This! She wasn’t pleasant to work with but she had a clue about risk. DF doesn’t and has car salesman written all over him, helping himself and his buddies to the happy hour free buffet.
Hudson Yards RTO plan is the biggest risk the company faces.
Any measure of improvement under this leadership? Perhaps Mandy had better handle on risk.
If there is ONE thing we know about DF… is that he doesn’t have the spine to be straightforward.
I wish DF would be honest and straightforward with us so we could plan accordingly. Most of us aren’t privileged to have huge nest eggs to fall back on. We need 12 months lead to plan accordingly.
Too much risk to be transparent and publish the plan in the town hall
one thing that may make it more complicated is that risk as a whole covers the enterprise so if each CRO needs to align to the business they support then risk will need to have multiple locations strategies. I'm guessing will get a little more insight during DFs up coming townhall
could not get RTO to work—first they need to get everybody back in office plz..any office…risk location don’t matter at all and leaders know that very well..
Following Kiker's. If you went to the Townhall he briefly touched on it but showed the map. Core sites are the same as others, Charlotte, Dallas / SA, Minneapolis, Iowa, and Chandler. Some of the specialty sites are greater Philly including DE, NYC, Raleigh and a couple other sites. Specialty you have you job but limited backfill, you can move to another group but only if they are specialty. Most likely these are phased out in 1-3 years through attrition. Post RCSA P2 they are looking at 50% reduction in headcount without strong data. Read in Jan but 3 waves start in Mar, then July and the big one in Oct. but not sure if that is still the case. Heard that RCSA Phase 2 will not save people not in core or specialty so pack up.
No need for a location strategy if you plan on getting rid of everyone.
We are not supposed to know, but I think they are planning a mass layoff which includes hub locations too, which makes it a little complicated.
Critical risk folks aren’t located where bank wants them to be even with the hiring into new roles in specified locations in last two years..would be best to force folks into closest offices and let it play out over the years
They really ought to announce their location plans at this point.
The stalling is just further angering us risk folks.
BTW - literally everyone in risk hates this place anymore.
Corporate Risk has been offshored to India.
They’ve already lost too many who got tired of the bs and left. They’re worried about p!ssing even more people off and causing more brain drain
there have been some town halls the last couple weeks and all that was said is that they are still working on it. Not sure what is taking DF so long. Perhaps he's trying to figure out how to carve out exceptions for all his leaders that aren't in core hubs.