Getting incredibly tired of spineless leadership that won't do anything proactively. They sit and do nothing but blow smoke on calls all day until a regulator comes along and asks questions and suddenly it's a fire drill to action! We can have regulatory deliverables that we need to deliver that call for the bank to demonstrate how it monitors/governs adherence to its policies and our leadership can't be bothered to provide any direction/guidance whatsoever on the actual monitoring. They are too busy with their noses up the ar-e of their leaders and providing summaries/decks all day. Meanwhile, we have controls that are complete inadequate and monitoring activities that add zero value whatsoever and that will likely never pass a validation but leadership can't be bothered with helping with any challenges we're facing; they ONLY CARE that we have something - ANYTHING - that we can throw at the wall to see if it sticks. Delivery is the only measurable of success.....it could be a flying heap of dung but at least we got something done! Leadership's specialty is that since they never know any details of the businesses they lead or the work being put forward for any deliverable, they act ignorant/stupid to the details and completely confuse everyone in the room when they try to act like they know what they're saying. It results in constant confusion and everyone looking around virtually thinking - what in the ph-k are they talking about. So sick and tired of leadership not caring about whether something is value-add, effective --- and only caring that they can confirm that we have something. Details don't matter.
Our bank is friggin disaster in almost every area, except maybe those areas that actually sell things to customers or provide customer service to them. Every other back office non-customer facing, COO function is a total dumpster fire full of leaders who wreak of incompetence.
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Newsflash OP, the execs don't care about anything else being effective either. They care about the value of the WFC shares they own, and that's about it.
I believe we have over 70% manual controls, and I wouldn't even consider them true controls. No one in the bank can define what a control is. If you browse through the control inventory they all seem to be a process, not a real control mitigating a risk.
Less personal attacks, plz. More to the point, layering additional controls simply nets stagnation. Address the root- existing controls are ineffective, particularly aged controls when meant to focus on the ever evolving realm of technology. We have processed and controlled ourselves into stagnantion- the ki-ler of all things good.
You can’t spell
Its all show at this point. Controls should be designed into the system. The new AI Basel x model processes will have a multi interface control system baked in. Just ask the I team.
The best control would be shutting down this corrupt bank and sending Charlie somewhere he can do no harm.
It's you're, not your... Now you have learned something.
The new controls going into place are completely absurd, overbearing, inefficient, etc. We have so many controls in place now that we almost can't do our job correctly, and timely. And it's all on tye d-mbest stuff. Seems you need to get written permission to use tye bathroom now.
In short, you control people can su-k it
That's because your lazy. If you did, maybe you would learn something.
tl;dr