People who've been here for decades going to be replaced by employees "offshore" so India and Philippines I assume.
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A large group of risk intake/conduct management unionized so it would make sense for them to be let go. No workers=no union
Interesting theory. Which laws / rules have been removed, specifically?
Is Conduct management in Charlotte location
well, I took all my required training, so we're good. no need for paper pushers. /s
@be+1k1xh1z0w
You are significantly overestimating the important of cm or most controls developed in general over the last few years. The asset cap was lifted because a new president is removing all guardrails. Period end of story.
For those wondering what “Conduct Management” (CM) actually does—and what’s now walking out the door—it’s not just admin or back-office compliance work. CM is a second line of defense function that exists because self-monitoring in the first line can be inconsistent or conflicted.
At Wells Fargo, CM has been responsible for:
Investigating employee misconduct and ethical breaches, monitoring sales practices to prevent customer harm, managing conflicts of interest, code of conduct violations, insider risk, and escalation protocols, supporting regulatory compliance through behavioral oversight and culture risk monitoring.
These aren’t theoretical risks. The asset cap wasn’t lifted because our controls were good enough—it was lifted because functions like CM spent years building the frameworks that restored regulator trust. Many of the people impacted have deep institutional knowledge and were instrumental in those efforts.
If the plan is to replace them with offshore teams—India, the Philippines, wherever—that might reduce short-term costs, but it carries real long-term exposure: Regulatory expectations around conduct risk are U.S.-centric and culturally specific. Offshoring removes a layer of contextual judgment.
CM work involves nuance, discretion, and employee trust. It’s not just about ticking boxes; it’s about identifying and addressing subtle risks before they turn into headlines.
Conduct Management isn’t just a cost center—it’s a risk buffer. Gutting that layer or shifting it to remote teams without strong continuity and local insight doesn’t just increase the chance of issues being missed. The real danger is that they quietly fester, unmonitored, until they explode into:
Regulator scrutiny, Consent orders, Congressional hearings, or Front-page news.
That’s a very expensive way to save on headcount.
Hopefully, someone in leadership is looking past the near-term P&L math and doing the full risk calculation. Because if not, this may be one of those decisions that looks smart today—and reckless in hindsight.
We knew this was going to happen. After the asset cap lifted, bring in the hounds.
What does conduct management do ?
It was a bloodbath in CM today. Just about my whole team was displaced…
Heard it was over 90 displaced today in CM
all good jobs are being sent to Asia. American workers last place.