Most directors are very nervous. The easy days of sitting through RCSA workshops to mindlessly monitor conversations are almost over.
Most are not needed. Most do not understand the enviornment. Most backgrounds do not align with our future.
Things might get interesting.
Regulators require 2nd line testing. It’s not going anywhere.
ITV is a sick joke. It was mistake to create this function. Nobody in IRM understands why they exits. They bring bad name to us all. And now everybody in the whole bank knows they are expensive box tickers who live among us just to perpetuate their own existence. Please end this scam.
The IRM officers and those in similar roles for example.. IT&V, EBCE that try and point out risks are pushed down, labeled as troublemakers by their own management and coworkers that specialize in low value tasks spun as accomplishments. The business welcomes the good ones but good risk officers are in a catch 22. No sense whining about it. It is what it is.
ITV still has Directors and Senior Managers with 5-10 people total. How come Shart face isn't looking at headcount reduction and "efficiency" in this area?
The only thing they create is bloat.
EBCE and IT&V need to be greatly downsized
Stupid is as Stupid does.
everyone must go
Things might get interesting.
So true
About time, 40% reduction across IRM needed . Probably same for control teams especially directors.