I work in risk and I can tell you Global Markets hired too many people for amount of money they earned.
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The problem with multiple risk systems is that each system comes up with a different value and so there isn't a consistent "measure" to really evaluate risk. The key word here is "consistent". This is a major source of confusion and lost income due to contradictory, and inconsistent, unverifiable information.
Risk is "risky" and is one area that is heavily duplicated with multiple teams and projects all dong the same thing - maybe just using a different programming language! Just need to get the latest fad in place to get a new crappy system that will work side by side with all the existing legacy crap.
Maybe he isn't the stupid one. Maybe the stupid one replied to her/his post detailing the composition of risk teams in the company.
That's true unless it isn't.
If you work in risk and you were dumb enough to say that in this post you deserve to be fired. Because you are too stupid to recognize the risk/reward trade off for saying you work in risk. It didn’t add any credibility to your post so really wasn’t necessary. It’ll be pretty easy for anyone monitoring to figure out who it was that posted. The risk teams are pretty small with 5-10 people supporting entire lines of business. Think you just breached your risk tolerance.
“Front office” should spend less time on afternoon coffee chat and more time on creating revenue! Believe it or not, we can cut 1/3 of front office yet still make some amount of money!