We did everything the regulators and consultants told us to do. Regulatory relief is amongst us but…
Risk management is a complete crapshow. This is less risk management and less pressure than I observed a decade ago after implementing the heightened standards. There is no real understanding of maturity or regulation applicability.
What in the world is going on this bank? It all seems like a game and risk management isn’t real.
You can have all the policy covering everything -- but there still will be gaps. So you start from the ground up. With tested AI agents (AI tested for completeness) and rewire the engine, the platform, for agentic AI. Either the bank will do this or they will go/acquire services that will do it for them. Oh and don't think the regulators will use AI because they think it will hallucinate. They want to be (or will be forced to be) more efficient. They are... banks will and risk management is quickly becoming a different world.
Have those of you that think risk can be replaced with AI, actually tried to use AI to do some of this stuff? Sure, AI is good at some things but then you use it for others and it gives all kinds of bad data or false assumptions. Most of what risk does isn’t manual policy interpretation and enforcement and if it was, I agree that would be easy for AI to do but even our controls don’t align to the published policies to good luck on that maturity journey. Risk is looking for areas where people, systems. process and non-compliance with regulatory requirements cause real time or have the potential to cause real time losses. If policies covered all of that, it would be easy for AI to do that. But policies have gaps and businesses do things that don’t always align perfectly in the black and white areas of policies. Look at what got us here. The policy was don’t set up fake accounts but what monitored for that? The policy may have called out monitoring (or it may not have) but was it happening and if it was, why didn’t it catch the fake accounts? Did people escalate the conduct issues and if so, what happened when they did - is that outlined in policy and/of monitored in such a way that it is detectable? The point is, risk is about thinking of the what if’s because policy only goes so far. AI can’t innovate or think outside of the box, yet.
I agree that we should reduce spend on risk. The odd thing is this is less risk management than before but more transparency into processes.
We just did all of that to create a big mess. Go speak to any BACO. They have no idea what the regulation says and never looked at it when giving opinions.
It’s prob a maturity thing or all the outside hires didn’t know what was going on beneath them. The cycle continues. It will take pressure to see it show up. Audit almost doesn’t exist anymore and regulators are taking vacay for a few years.
Only risk people think we can't survive without them. Very similar to Somalis.
baby what's going on in credit risk?
regulatary risk is gonma be the demise
sure, relax now
but u can bet the rank and file are documenting for when the dictator falls and accountability returms
Well written AI. lol. Then a conversation with yourself.
I have seen the shift firsthand at Wells Fargo, I get the frustration—layoffs sting, especially when asset cap relief opened the door to efficiency plays. Your roles in mid-level oversight were valuable during the heavy regulatory era, but much of that manual policy interpretation and enforcement has been automated via AI agents now embedded directly into our core systems.
Why Services Evolved
AI agents handle real-time compliance checks, exception routing, and risk scoring with consistent rule application—far more reliably than humans flipping through manuals or applying subjective judgment. With regulatory relief (like the 2025 Fed cap lift and CFPB order termination), we're baking governance into platforms like SOA successors, reducing the need for layers of managers to bridge policy and execution. It's not a crapshow; it's maturity—proactive, scalable controls that scale with volume without the headcount.
Advice for Next Steps
If risk management still calls to you, pivot to learning AI governance, prompt engineering, and explainable models; those skills keep humans essential for oversight and validation in this hybrid world. Wells Fargo's agentic AI workflows are hiring for exactly that—check internal postings or similar roles elsewhere. The game's changing, but smart players adapt.
Literally no chance, stop deluding yourself.
Just a matter of time before WF is in trouble yet again
@am Impeachment gets you Vance, same outcome.
Our current president and his party doesn't care so there is no concern
Regulatory risk is basically not a concern at this point, at all. The government has zero interest in taking action against big corporations, unless it’s to stop them from embracing “woke” ideology. But enforcement actions? Consumer protections? Forget it. No one cares. This bank will continue to gut everything related to risk and controls until the only thing left is AI and a handful of people overseas. If / when a new administration takes office… and if they actually have an interest in going after big corporations, THEN things might change… but until then, enjoy the ride down the toilet.