#risk

Big changes in merrill banking. Word on the street is no more banking quotas monthly for 2026. The new scorecard is radically different suggesting concern over the pressure to open more and more and more accounts. Now the bankers are judged solely on risk and accuracy.
Looks like some freedom fighter took the charge to the Bull, and a RIGHT hook from the disgruntled base connected

thoughts on this?

I'm interviewing in Richfield for a role. How is BBY doing? Do they layoff often? Which departments are are risk?

We need more thinning of the herd.

I see we just farmed out 10% of our Trinidad block to Oxy. I have wondered for a long time what the point of this and OBO is. I understand the idea of risk sharing but how are we supposed to have better returns than our competitors when so many of the projects we do are with them? Wouldn’t it be better for us to do 100% out own projects?

It’s clear that Macondo level magic is rearing its head in 2026 the FAFO year…
Questimate First Oil Date and Peak Production…
The future get cultivated today…

Why do I have to talk to multitudes of people and teams across Member Protection and Risk to update my control? Why does every change go through “review” by people who don’t have anything to do with my process? Why does it take me longer to educate 383, 829 people I’m required to talk to about a change I need than it takes for me to make the change and update the control? I have a risk partner why can’t they make the change like they do everywhere else in the Bank? Are we protecting the members or are we creating made up roles to make an executive feel good? What happened to simplifying and streamlining? How much money is spent on salaries for every change and how is that justified when there are many real, impactful changes that money can be spent on instead?

With so many people leaving the luxoft fin services brand how much longer can it be for the manager to actually star being cut? Am thinking of trading and risk and the muex practise and the big acconts that must be losing money

New York
San Francisco

New York employees may be allowed to relocate to New Jersey although those spots are full.

They are hiding Compliance and other areas of Corporate Risk headcount numbers from regulators.

We remain unethical and shady.

Do we see this virus becoming a US issue and potentially another pandemic?

Do we think the bank will do something different compared to last time

Likely those who follow any news or updates could think twice about ever working at a refinery during times of War. Companies know they will have to bump up the money to meet the rising risks in order to keep employees and have multiple quick back up plans to hire replacements. Might see early retirements.

I've got an offer from a startup. The role is a step up, more senior title, and more interesting work, but my total compensation would drop by about forty five percent compared to where I am now. The difference is equity. If they IPO in the next few years, I could make way more than I'm making now. If they don't, or if the stock is worthless, I've just taken a massive pay cut for nothing. I'm trying to decide if I'm crazy for even considering it. I've got a mortgage and a kid. Stability matters. But I'm also miserable at Open Text. Has anyone taken this kind of risk and had it pay off?

Does anyone have insight into what’s happening with 2LOD Risk right now? From where I’m sitting, it feels increasingly chaotic and disorganized, and it seems like the engagement models are really starting to suffer as a result.

I genuinely feel for our 2LOD partners. They all seem under a lot of pressure—stressed, uncertain, and concerned about their roles. Given that the second line of defense is supposed to provide oversight, structure, and consistency across risk and compliance, it’s especially concerning to see things feeling so unsettled.

It just doesn’t feel sustainable in its current state, and I worry about the broader impact this is having—not just on those teams, but on how effectively risk is managed overall.

With all the Risk folks getting downsized, I was wondering if anyone has experience on retaliation claims. The conduct risk person said they review claims but only a small amount are deemed true retaliation. Funny how the training we take outlines examples of retaliation but those are not retaliation when Conduct Risk investigates.

Dodging responsibility yet again like that case in the Charlotte observer.

Charlie and Bei should be ashamed of themselves. WF is Not a top 5 company for employees…

Anyone know the real numbers? I fear these numbers are artificially LOW…

An Analyst asked on the Earnings call if Meg thought there was a scenario where this discovery wouldn't proceed to development. He started his question by saying how big AF described it to be.

She did not answer the Analyst's question about whether there's a way it doesn't get developed.

CO2 is clearly a know issue with these fields. To not answer and dodge the question by sayijg a great team is working the project sounds like reason to run.

Should we be worried we've dug ourselves into a hole we can't get out of with this biggest discovery in 25 years?

DW is laser focused on running the org to failure. So rather than fight him, let’s help him. Next time you see poor quality work or a way to help… don’t do it. Even though you may think you’re the better person… don’t do it. Nothing will change until a true failure. So while contrary, push the activity along to failure. There is no longer honor in preserving this legacy… if DW doesn’t see the risk of becoming a takeover when everything fails (see Macondo) then it’s not our job to convince him.
And if you think that you are saving your pension or any other financial security, don’t worry, there are already plans to ki-l those. At this point, we have nothing to lose.

The way things are going right now, there are directors pushing people to adopt new tech, then telling them they can't use for what they were telling them to use it for, because it presents major security risks. Yet people already did.

These bad decisions will just compound the longer this goes on. We're sinking. Fast.

Inside ExxonMobil, job security varies a lot by function. The pattern isn’t about “good vs. bad jobs”—it’s about how directly a role ties to revenue and how easy it is to cut or outsource.

Here’s how it typically breaks down:

Roles that tend to be more stable
1) Core operations (production & refining)
Field operators (oil & gas production)
Refinery technicians
Maintenance crews for critical infrastructure

Why they’re safer:
These roles keep oil and gas flowing—the company literally can’t operate without them. Even during downturns, ExxonMobil usually trims elsewhere first.

2) High-value technical specialists
Petroleum engineers
Reservoir engineers
Geoscientists (especially in active drilling regions)
Certain chemical engineers tied to refining

Why:
They directly impact how much oil/gas is found and produced → tied to revenue.

The more your work affects output or efficiency, the safer you generally are.

3) Project-critical roles during growth phases
Engineers and managers on major projects (e.g., offshore developments, LNG, carbon capture)

Why:
If Exxon has already committed billions to a project, they don’t stop midway unless conditions are extreme.

4) New strategic areas (selectively stable)
Carbon capture
Hydrogen
Lower-emissions technologies

Why:
These are long-term investments, though still smaller and not immune to cuts.

Roles with moderate risk
5) IT and data roles (mixed stability)
Data engineers, cybersecurity → more stable
General IT support → more vulnerable

Why:
Some are mission-critical; others can be outsourced or consolidated.

6) Mid-level management
Supervisors, team leads

Why:
They’re needed, but during restructuring Exxon often “flattens” layers of management.

Roles that are most at risk during layoffs
7) Corporate / back-office functions
HR
Finance (non-core roles)
Legal support
Communications / PR

Why:
These don’t directly generate revenue and are easier to cut or centralize.

8) Administrative and support roles
Admin assistants
Internal support staff

Why:
Often reduced through automation or outsourcing.

9) Early-career / less specialized roles
Entry-level positions without niche expertise

Why:
They’re easier to replace or eliminate compared to highly specialized staff.

10) Roles tied to declining or non-core assets
Staff in fields or refineries being sold or shut down

Why:
When Exxon exits a region or asset, those jobs often disappear or transfer.

One important nuance

Even “safe” roles aren’t immune.

Example:

During the COVID downturn, even engineers at ExxonMobil were laid off.
But cuts were still heavier in corporate and support functions.

Simple rule of thumb

Ask yourself:

“If this role disappeared tomorrow, would production or revenue drop immediately?”

Yes → safer
No → higher risk

https://chatgpt.com/

Cannot say more, but some teams in Risk are being considered for cuts. Target looks like around at least 20 percent of teams in high-cost locations should be gone by EoY. This would be either through relocation to cheaper place or redundancy.

For months conversations have swirled around a changing risk environment @PNC and today, unfortunately several folks in Risk, Compliance and i believe the change office were displaced after an organizational realignment. This comes on the heals of FirstBank and the BAM's. Sadly, it seems like this is just the beginning, not just with PNC, but banking in general. The financial landscape is drastically changing...it feels like 2008 all over again.

LONG TERM INSURER FINANCIAL STRENGTH
DATE : 14-Apr-2026
Fitch Ratings: BBB (negative outlook)

Fitch has issued a No Action for Mutual of America as of 4/14. Still BBB w/negative outlook. just above junk bond status.

negative outflows, management turnover, shifting priorities, slow sales, digital transformation failures are being scrutinized by the credit bureaus.

I saw someone mention Risk might be affected as well, but I haven't heard any updates.

Anyone else still just going to do the 3 days in and roll the dice and see what happens

Down another 6% today, can't drop much further now without default risk on debt and being taken private

For those familiar with both organizations, how does the Corporate Risk structure at JPMorgan Chase differ from Wells Fargo today? There have been some mentions of aligning more closely with how organizations like JPMC structure their risk functions. Curious if anyone has visibility into what that could look like in practice.

There are enough warn notices that are circulating (state wise) that show execution dates ending till june 2026, so this is not yet over and hence no official communication of all things done - even VP+ who are trying to calm the waters are doing just that - calm the waters, but the sharks are still circling and the reports of 30K with only 12K executed with respect to RIF shows that a larger cut is coming. You bosses have lied to you before many times and are still lying!! If you are not out yet, you are still at risk - 18K is 10% of the current workforce and that is a large risk especially for people over 45, people at IC level with higher pay, people in SaaS/OCI, Sales are almost always risky, but app support is bad now.

Iran's Islamic Revolutionary Guard Corps (IRGC) has claimed it targeted an Oracle data centre in Dubai, following an earlier claim of striking an Amazon cloud facility in Bahrain, in what it describes as retaliation against US-linked infrastructure

Iran on Thursday claimed it struck an Oracle data centre in Dubai, state media reported, in an escalation following an earlier attack on an Amazon cloud site in Bahrain.

In a statement carried by state media, the IRGC said it had directly targeted Oracle’s data centre in Dubai. “Iran Revolutionary Guards say they targeted Oracle data centre in Dubai,” the statement said. The claim could not be independently verified.

Flowers in the townhall: “We are not going to stop focusing on risk. On the contrary. We will continue to focus on risk management.”

Also Flowers: “Pick up co-pilot. Use it. Experiment. Get familiar with it. It is our future”

lol. How many people are using co-pilot to knowingly or unknowingly sp-t out nonsense right now. These banks are highly regulated. Zero controls in place for how outputs are being used. Most managers are reviewing nothing. No one has a clue hoo o w often people are using AI or where.

I’ve seen people submit so much gibberish to me over the past month. Clearly AI outputs.

Good job guys. Not only is RCSA a joke in terms of quality but now we are layering in more risk to every process without understanding the impact.

What could go wrong?

https://apple.news/A0Y9mYN0LSIKYuDQG5E1m0A

The companies on the list include Cisco; HP; Intel; Oracle; Microsoft; Apple; Google; Meta; IBM; Dell; Palantir; Nvidia; JP Morgan; Tesla; GE; Boeing. Two companies headquartered in the United Arab Emirates were also named: G42, an Abu Dhabi-based artificial intelligence company, and Spire Solutions, a Dubai-based cybersecurity company.

I’d be concerned if I was anyone with this company right now. Top performer, leadership, all…. https://octus.com/resources/articles/medical-solutions-minority-lenders-sign-cooperation-agreement/

https://www.mirror.co.uk/news/world-news/breaking-iran-google-apple-microsoft-36950306

Iran Threat to-
These companies are declared as follows:

Cisco
HP
Intel
Oracle
Microsoft
Apple
Google
Meta
IBM
Dell
Palantir
NVIDIA
JPMorgan
Tesla
General Electric
Spire Solutions
G42
Boeing

Does anyone know when they plan to finish moving corporate risk into hubs? They mentioned most of it was already in hubs during the December townhall — what’s the status of the rest?

Not layoff related so I apologize for that. But it is getting exceedingly difficult to see a winning strategy with this bold move, Cotton.

https://www.thestreet.com/retail/att-puts-loyalty-at-risk-with-stern-warning-to-customers

Unsure on details though. Layoffs? Decentralized and moved into LOB? Both? Something else entirely? Regardless, supposed to be big changes.

Prediction is Citi is going to be at <100k employees within 5 years or so. The market will simply demand it. You are delusional if you are in the middle/early part of your career thinking long term at Citi. People in the revenue generating side of things in the business will have a much longer off ramp. However, if you are in operations/ technology/ risk and controls etc then you are being very complacent not actively having a back up plan. These MDs you bootkiss are basically being mandated that they reduce their teams on an ongoing and continuous basis. Jane and her cohort of fu-kwits clearly have highly ambitious plans for RIF

Put a bad review and fire people?

Any intel/experiences on the Vasara project and the people that run it?

I may look to transfer over and wanted to know if it's a good team to join

Not even amongst those providing rubber stamp approval and reviewing documents?

Asking for a friend lol