What's going on with risk and controls? Seems to be a lot of changes, reshuffling in Q1, and long periods of OOO? Probably due to data moving under Ash and his team. They are probably like WTF!
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Any update on R&C? This company has too many systems doing the same or partially the same thing. I have been here for awhile and keep finding new system. Streamline that sh!t. Lol.
There are layoffs in Risk going on now. Mostly small amounts here and there. In November there was a plan to have a lot of layoffs in Risk and to complete them by the end of March. I guess we will find out soon. However, things are a real mess right now in R&C and it would not surprise me if they pushed that out a bit. I hope not, I and many others are ready to go now.
Post ID: @1wy+1jmfzkj7r You mean Ash will do the same in both Tech and Data.
Post ID: @215+1jmfzkj7r Don’t sweat it, at the current phase at Citi, your dream would come true as Caucasian bank. Now seeing top leaders like CIO, CTO’s resigning/let go are all south Asian males(India and Pakistan). Soon you would see all non Indian leaders at the top level, as everyone wanted.
In addition to being a $hitibank, $hitibank should just rename itself Citindianbank.
Post ID: @1mw+1jmfzkj7r Now that Ash is in the C-Suite in Tech you can expect that he will choose Citi's favourite demographic to be his choice for MDs. He'll do the same in Tech as he did in ERM Risk.
Most of MDs in ERM are Indians while Ash Nawani was leading.
Mindset change, culture change and innovation is very much needed.
Some of the Tech folks are hard to work with and they are not open to think out of the box.
I just wish people would be honest/forthcoming and really solve problems. There are very few in upper management who really tell you like it is instead of hiding the truth. If it's messed up say its messed up instead of singing Kumbaya and pretending everything's fine.
Data is messed up. Tech is messed up. Multiple meetings that solve nothing and just pad calendars will never be the answer. Fix processes, streamline systems and stop with all the proprietary software applications/home-grown awful cr-p that eat up dev hours/$$$.
There's too much hand holding for grown a-s people who should be accountable and do the work instead of causing bottlenecks on purpose bc not getting their way (managers especially). Get rid of people or move people who know what they are doing to the correct roles.
Post ID: @da+1jmfzkj7r
True about Ash. His orgs have been this way even when he was in Risk Management. Also, TR will most likely quit after his 2 year employment contract expires. The turnover and attrition in Tech and Data is extremely high and broke the scale or meter for turnover.
The Citi Tech and Data orgs have always been dysfunctional and chaotic freak shows. The employees there can NOT find their way out of a paper bag if their lives depended on it.
No employer or company, especially Citi, wants to admit that they can only afford or attract Low Caliber employees. This contributes to the companies' ultimate dem!se.
Sr Management at Ash's level has been a revolving door. Every time a new person comes in it's a re-org and the dust hasn't even settled on the last one. Doing that in the middle of a consent order just adds confusion and slows things down. Yes, there is a big re-org that will be announced. Mainly separating Wealth from PBWM. Wealth is an absolute mess and dragging down consent order efforts with PBWM. Despite being combined 2 years ago they still can't come up to speed. I wouldn't be surprised if Wealth wasn't being prepped for sale. The quality of work, the talent, the willingness to do things right just doesn't exist and it's become a major risk.
I haven't heard anything. Unfortunately, I think it's all just part of the endless "reorg" that was supposed to be "finished" last year. I don't believe it when I hear that in town halls. It's all just to keep the minions working and motivated.