We got caught red-handed yet again for having poor Ops and Compliance risk controls. When are the regulators going to start coming down harder on this dumpster? Dimon this just talking about will make it ok. This guy should be fired for this.
8 replies (most recent on top)
I've seen from the inside a managing director pick and choose what she wanted to show audit to always show the good side and not the bad side, trying to cover it up. Oh wait, more layoffs? No way.
I disagree. I think the risk controls are there, but staff is not properly trained or understands the procedures/processes they need to follow. Many don't take the controls seriously or try to go around them or take short cuts. Blame the managers who are too busy trying to get to the next level who are not paying attention to what is going on. Blame it on the staff that is tired and undertrained. Blame it on being lazy.
im 2019 PMC instituted processes aimed in circumventing PWC'S AUDITs.
The people that disagreed are not longer at JP Morgan Charade.
who s trolling here?
is that you...Mr. Demon?
Acting like you all know everything that goes on. Loool. Keep comments related to the purpose of the site.
Wells Fargo worse than here? Those guys have been in a 3-4 year colonoscopy exam with regulators, they so much as glance at a customer wrong, and its a billion-dollar fine. Wake up, every other week Dimon is telling us about frauds found in his own house, there are serious problems under the surface here.
You think they have poor risk controls at JPM? I worked there and at WFC and I'm telling you that JPM risk controls are much better. You have no idea until you move to another firm how much better JPM systems are.
COMPLIANCE is a Cesspool