The phrase it’s “industry standard” has been heard by me in two instances. The first example was when I was told I needed to take two consecutive weeks off so that Wells Fargo could monitor if I was doing fraudulent activity. The second example, I was told, because I am a vice president I have to now give Wells Fargo a 30 day notice prior to leaving the bank.
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Moral of the story, don't EVER be a VP for WF. Ask for a do over.
@ed I think there’s a big difference between one week required and two
@eh Yes
It's the overpaid executive version of "yeah Mom, but everyone else is doing it!" It's a rallying cry for mediocrity.
For the required two week leave, do you have to use your PTO?
@dk goldman’s, citi, jpm, b of a. Some global banks require employees who have no access to sensitive data to be out a minimum of 5 consecutive days. It’s strongly urged by regulators.
When I joined it felt like WF was a community bank. Big banks have these requirements. We are a big bank and WF is starting to act like it -finally. The good ole days had a great deal of mismanagement and changes were necessary.
“but does follow other firms in the industry “
Name two banks that do this.
if you have an office title VP or above then it applies to you. Chances are if you didn't get the email last week then it doesn't apply to you.
Is this new notice period for everyone?
The 2 week off audit requirement should have been disclosed to you when hired for the position. Lots of areas in WIM supervision have this requirement. Nothing new.
The required 2 weeks off if a Finra audit requirement for any associated person who oversees transactions. Not a wells rule.
The new notice rule is a wells policy but does follow other firms in the industry due to (higher level) employees jumping ship to other firms.
I find it ironic that WF still tries to portray a “strong culture” while also rolling back benefits and implementing unpopular policies such as neighborhood seating across the enterprise under the justification that it is “industry standard”. Can’t have it both ways.
30 day notice is a load of cr-p.
as an executive director (high level IC) I have to now give 60. I've seen such standards for actual officers. but our office titles mean nothing here and are tied to job title in most groups and have no basis in reality. This company likes to through the term around as a way to justify their decisions.