Announcement coming in 3rd quarter!
15 replies (most recent on top)
@a4 the original poster appears to have meant OC-1 and OC-2 which would make way more sense
L1s and L2s are risk types that Corporate Risk is broken down into, or specific areas of governance. For instance, Compliance is a L1 and Financial Crimes is a L2 within Compliance.
@cf good call. That’s exactly where you see it. It’s posted and there haven’t been many risk positions at all in the US posted but India there have been. And the few stateside postings were in core locations and not just CLT
L1s and L2s are risk types in Wells Fargo speak. What the he-l do L1 and L2 mean in this post ?
@cy
whatever it is, it's higher than Wells.
JP Morgan and other banks more heavily use India.
For risk, 40% is the target, which seems about right.
The real issue for banks is the taxes and political risk. Banks are only ever one election away from an Indian PM that decides to tax them.
Wonder if anyone ever asked the OCC what percent offshore is allowed
If only there was a way in workday to see where they are posting jobs.
L1s and L2s in CLT? How does India come into play given the original target was 20% in India but over the last 2 years it’s creeped up to around 30%.
They change location strategy on a daily basis so highly doubt it that’s the word of the day it will come to fruition by Q3.
@ab the obnoxious first comment on this post is a strong hint that it's just the crank with the grudge against risk again
Can someone explain who the L1s and L2s are?
@ab they won’t move people. They will replace them with people in Charlotte & let the other locations go. Just ask all the WIM Ops teams it’s happening to already.
Good luck moving all those L1 teams. I called BS.
Will Wells Fargo pay relocation for these people?
@OP what is L1 or L2? DF’s 2 down?
Buh bye MN, NJ, TX, CA