Bank is "transforming" the roles of DPO and EO. Credit Card was hit first. They are replacing both roles with PO and BPC positions. Forcing all employees to reapply for their jobs and compete against contractors and external applicants. It's a smoke screen to layoff folks. 25% of the CC team was let go with the rest of bank to be impacted before EOY.
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All in all I think it’s a good move. There is a real lack of understanding around risk, how it’s mitigated and what good looks like. There is also no sense of urgency around remediation. It’s sucks that people have to reapply for jobs but most don’t know what good looks like and are unwilling to learn.
Understandable. Most of the DPOs don't know much about IT anyway and also nothing about bank business.
The product owner role is a hybrid strategy, bank initiatives and backlog management focused gig and the other is business process consultant with a focus on owning issues, processes and controls.
I get Process Owner but help me out, what is BPC? And didn’t they do something similar with Risk and Compliance a few years ago?