Only a genius could come up with the perfect business model. Create fake jobs to review fake work, challenge fake wording, produce fake governance, and then report fake progress on risks everyone already understood. Then call it “enhanced oversight”.
But the good news is: several fake issues are being actively monitored and reported in several fake risk committees.
So that’s nice.
Risk is full of AI. I don’t mean the new fangeled AI
Loan review id--t$
Ha.
I work in risk and this is 100% accurate.
My only minor quibble, the very real 37 page powerpoint decks that need to be produced weekly with all the fake updates.
Unfortunately for them, they will be witnessing massive layoffs regardless. The firm will layoff indiscriminately and ask questions later
Some of their work is legit, but at least 75% is nonsense. These guys spend a ton of time and money justifying their existence.