Half of the team size? This is endless.
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Let’s stop pretending, risk is not independent AND it doesn’t need to be. Leadership understands this but regulators are living a fantasy.
It is so challenging to get people to do their job instead of dodging responsibility and accountability. They think fear of layoffs will calibrate habits and behaviors. It won’t in any meaningful way.
@df how many headcount under Corp risk a year ago? 14000?
I think at least 50% when he is finally done.. still over 10k people in risk today under DF that number steadily dropping every month .. at least useless and duplicative processes are being eliminated too
Thank you for saying this and some of them are so loud!
Community Banking Risk has to be downsized. Never in my life have I heard so much drivel coming from so many over inflated egos.
I think a safe assumption is 0? Maybe a handful of Indians.
@aj but they do it independently
Audit. Independent?
Now that’s funny. Audit is mostly doing nothing.
The Risk mirage is over. It will eventually be broken up and put back in the businesses. Only Audit needs to remain independent.