Thread regarding Wells Fargo & Co. layoffs

Risk - July 11th?

Heard some chatter - is this a thing?

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Post ID: @OP+1n5I24j0

12 replies (most recent on top)

Have heard some of the risk related staffing remediation efforts have wrapped. While I don’t disagree entirely that RCSA has to continue and thus a large volume of risk personnel are needed, everyone, including those in risk, knows risk is bloated.

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Post ID: @1xfc+1n5I24j0

But the perfect date is April 25th. It's not too hot and not too cold. All you need is a light jacket! (To go along with your severance and heavenly freedom.)

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Post ID: @1qpx+1n5I24j0

Yes, July 11th is, in fact, a valid date. There are actually 31 of them in July

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Post ID: @gdm+1n5I24j0

I’d be surprised if IRM or Control was cut this year, without RCSA being completed. The Regulators are not going to let go of us until they believe there is success (not just Work In Progress which is a standard Charlie excuse).

If you are taking about “risk” inside the business or front line, I don’t think they’re ready to make the cut yet. Some of them do quality control, call monitoring or quality assurance reviews and many have just started or will start to go through RCSA Workshops. Though many of they should go as there is a TON of duplication of reviews and oversight.

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Post ID: @jit+1n5I24j0

I'm calling bullsh-t.....they'll never downsize Risk until RCSA is complete and passed, which isn't scheduled until end of Q3 '24.

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Post ID: @zoe+1n5I24j0

@cqv+1n5I24j0

Is Corporate Risk (Independent Risk Management) doing call monitoring?? That feels like a bit much! Or is it a “risk” group in the front line/support group doing it?

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Post ID: @wms+1n5I24j0

Patiently waiting

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Post ID: @vrv+1n5I24j0

Please start with risk in Auto Finance. Layers of useless management and call monitoring that the business can do for themselves at this point. It’s just redundant nonsense and corporate speak.

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Post ID: @cqv+1n5I24j0

Cant happen soon enough. With all the corruption in this company risk is a joke!

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Post ID: @ukj+1n5I24j0

About time. Worthless leadership which created a completely pointless series of non-work.

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Post ID: @owh+1n5I24j0

Huh? Details please

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Post ID: @vok+1n5I24j0

Hopefully

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Post ID: @fkq+1n5I24j0

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