Office politics: Difference between revisions

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==== Revenue generators ====
==== Revenue generators ====
Generally, in a bank, those who bring in business — [[sales]] — and those who extract revenue from it — [[trading]] — will be the least political. Here there is least scope for dark arts: you eat what you kill, all can be measured in in a [[Profit and loss|P&L]] statement, bullshit artists are quickly found out: there is little to be gained from passive-aggressive internal jiggery-pokery. What manoeuvring there is will be swift and brutal. Expect to find victims of a front office putsch dumped in cupboards, bent double with a double-tap to the base of the skull, or wearing concrete sneakers and swimming with the fishes. Expect, one day, ''not'' to find them, that is to say. No words will be spoken. No lamentations sung.  
Generally, in a bank, those who bring in business — [[sales]] — and those who extract revenue from it — [[trading]] — will be the ''least'' political. Here, there is least scope for dark arts: you eat what you kill, all can be measured in in a [[Profit and loss|P&L]] statement, bullshit artists are quickly found out: there is little to be gained from [[passive-aggressive]] jiggery-pokery with other colleagues: do your talking on the pitch. You get out and ''sell''.
 
What manoeuvring there is — to be sure, there will still be plenty — will be swift and brutal. Expect to find its victims bent double and dumped in a cupboard with a double-tap to the base of the skull, or wearing concrete sneakers and swimming with the fishes. Expect, one day, to just ''not'' find them: to learn through terse looks, with no words spoken, that the internal client you’ve been cultivating for seven years is no more. [[Emmanuel Goldstein|Gone]]. No lamentations will be sung.  


==== Middle office engineers ====
==== Middle office engineers ====
Next least political will be key middle office and risk functions like [[operations]], [[credit risk]] and [[compliance]]. Here there ''is'' scope for ineffectual grandstanding, especially if you tread the line between attracting enough attention for rapid promotion, while at the same time avoiding detailed scrutiny while you rise. There are tendentious [[Thought leader|thought-leader]]<nowiki/>s in [[operations]] and [[Credit officer|credit]], but they tend to be dim rather than malicious, and they are largely the exception. In the main, fundamental weaknesses will be quickly found, and rooted, out.
Next least political will be key middle office and risk functions like [[operations]], [[credit risk|credit]] and [[compliance]]. Here there ''is'' scope for ineffectual grandstanding, especially if you can deftly tread the line between attracting the attention needed for promotion, and avoiding detailed scrutiny of your work that will find you out, while you rise.  
 
To be sure there are plenty of vacuous [[Thought leader|thought-leader]]<nowiki/>s in [[operations]] and [[Credit officer|credit]], but they tend to be dim rather than malicious. Still, in the main, fundamental weaknesses will be quickly found, and rooted, out.


==== Grandstanders ====
==== Grandstanders ====
There is sure to be a solid heft of perfidious manoeuvring among the softer, less effable back-office functions like [[marketing]], [[legal]] and [[financial reporting]] — functions you can’t really not have, in this day and age, but whose positive impact on the organisation is hard to gauge or even detect directly. They are not part of front-line generation, or retention, of revenue. (Sorry, [[legal eagle]]s, but it is true: the [[roll of honour]] refers.)   
There is sure to be a solid heft of perfidious manoeuvring among the softer, less effable back-office functions like [[marketing]], [[legal]] and [[financial reporting]] — functions you can’t really not have, in this day and age, but whose positive impact on the organisation is hard to gauge or even detect directly. These groups are not part of front-line generation, or retention, of revenue and nor do the form part of the operational stack. (Sorry, [[legal eagle]]s, but it is true: the [[roll of honour]] refers.)   


Here, earnest [[subject matter expert]]s will inevitably suffer at the hands of those with a taste for the game. The “lions led by donkeys” effect is somewhere between prevalent and inevitable.  
Here, earnest [[subject matter expert]]s will inevitably suffer at the hands of those with a taste for ''the game''. The “lions led by donkeys” effect will be somewhere between prevalent and inevitable.  


The skillsets required between the two modes are quite different for the most part contradictory. If you want a job as a transaction lawyer, supporting a desk, punching through [[equity derivative]] confirms, expect to have to prove you have at least 5 years action with a crack [[Freshfields]] special ops unit embedded behind enemy lines. But if you want to be [[GC]], to get that seven million buck sign-on bonus just make sure your [[Diversity and inclusion|D&I]] fit is immaculate; financial services experience of any kind is preferred but not essential.
The skillsets required of an [[Subject matter expert|SME]], and those of a [[General counsel|legal leader]], are so different as to be contradictory. If you want a job as a junior transaction lawyer, supporting a desk, structuring deals or punching through [[equity derivative]] confirms, expect to need at least 5 years service with a crack [[Freshfields]] special ops unit embedded behind enemy lines before a bank will so much as look at you. But if you want to be [[GC]], to get that seven million buck sign-on bonus just make sure your [[Diversity and inclusion|D&I]] fit is immaculate and you enjoy town halls. Financial services experience of any kind is preferred, but not essential.


==== [[HR]] ====
==== [[HR]] ====

Revision as of 15:23, 10 December 2022

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Office politics
/ˈɒfɪs ˈpɒlɪtɪks/ (n.)

A means for the neurotic to express themselves.


There is a simple rule. The more important and measurable your contribution to the bottom line, the less scope you have for office politics. The less time, interest or inclination you will have for it; the more naturally immune you will be to it.

It follows, therefore, that the amount of office politics corresponds to the economic significance of the function, and vice versa: the causal arrow is bi-directional.

The Machiavellian continuum

Angsty behaviour sits on a continuum.

Revenue generators

Generally, in a bank, those who bring in business — sales — and those who extract revenue from it — trading — will be the least political. Here, there is least scope for dark arts: you eat what you kill, all can be measured in in a P&L statement, bullshit artists are quickly found out: there is little to be gained from passive-aggressive jiggery-pokery with other colleagues: do your talking on the pitch. You get out and sell.

What manoeuvring there is — to be sure, there will still be plenty — will be swift and brutal. Expect to find its victims bent double and dumped in a cupboard with a double-tap to the base of the skull, or wearing concrete sneakers and swimming with the fishes. Expect, one day, to just not find them: to learn through terse looks, with no words spoken, that the internal client you’ve been cultivating for seven years is no more. Gone. No lamentations will be sung.

Middle office engineers

Next least political will be key middle office and risk functions like operations, credit and compliance. Here there is scope for ineffectual grandstanding, especially if you can deftly tread the line between attracting the attention needed for promotion, and avoiding detailed scrutiny of your work that will find you out, while you rise.

To be sure there are plenty of vacuous thought-leaders in operations and credit, but they tend to be dim rather than malicious. Still, in the main, fundamental weaknesses will be quickly found, and rooted, out.

Grandstanders

There is sure to be a solid heft of perfidious manoeuvring among the softer, less effable back-office functions like marketing, legal and financial reporting — functions you can’t really not have, in this day and age, but whose positive impact on the organisation is hard to gauge or even detect directly. These groups are not part of front-line generation, or retention, of revenue and nor do the form part of the operational stack. (Sorry, legal eagles, but it is true: the roll of honour refers.)

Here, earnest subject matter experts will inevitably suffer at the hands of those with a taste for the game. The “lions led by donkeys” effect will be somewhere between prevalent and inevitable.

The skillsets required of an SME, and those of a legal leader, are so different as to be contradictory. If you want a job as a junior transaction lawyer, supporting a desk, structuring deals or punching through equity derivative confirms, expect to need at least 5 years service with a crack Freshfields special ops unit embedded behind enemy lines before a bank will so much as look at you. But if you want to be GC, to get that seven million buck sign-on bonus just make sure your D&I fit is immaculate and you enjoy town halls. Financial services experience of any kind is preferred, but not essential.

HR

Last of all — still on the Machiavellian continuum, but so far along it as to be all but out of sight from any other vantage point — is human resources. HR will be a vipers’ nest of nettlesome, and supremely passive-aggressiveg, fear and loathing, because HR’s main reason for existing is to persuade other parts of the bank it is needed. It can only do this by a campaign of terror, espionage and misinformation. HR rules are accordingly more formalistic and less flexible than any other policies in the organisation, and the consequences for transgression all the more gruesome.

Now these divisions are not necessarily absolute — and you can therefore rank which is the more important between department and roles by the relative degree of office politics in evidence.

See also