Anyone else?
14 replies (most recent on top)
It’s just smoke and mirrors. Everyone complains behind doors about how ridiculous the effort has been yet when in public they praise it like it will be our savior. The culture is corrupt and management incentives are ridiculous. On top of all that regulators are completely clueless.
Regulation is the root cause. That is where the blame needs to go. Auditors have a job to do, we as employees have a job to abide by what the auditors review and corp demands , due to REGULATION. Nasty cycle and another set of stairs to climb to claim the next paycheck.
Death march, get it done or get out.
More busy work
Let’s get the facts straight. From what I seen and heard, RCSA has done nothing to remove real risk from our processes, procedures, and people. At Wells Fargo it has been nothing but a half a$$ rushed effort to create a paper trail and fool the regulators.
Executives and manager constantly bad mouth it behind doors while in public pad each other on the back and claim that it has been a valuable and necessary exercise.
RCSA = Risk and Control Self-Assessment
RAU = Risk Assessable Unit
All LOBs must perform RCSA
I plan on quitting before the RAU I’m aligned to comes up.
What is RCSA? What part of the bank is this department under?
10-25% people that have worked on RCSA have left or now want to leave.
Yes! Not sure how they thought they could take over half our team and it would continue to function well. I no longer care about the work that piles up, it’s ridiculous.
We can do corporate BS or we can do real work, not both. Corporate needs to choose, and choose wisely.
Nope. CLSS is a bloated redundancy right now. Sorry, I know your situation stinks.
Simplify your processes and reduce the number of RAUs.
Sounds like you could use some offshore help