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I found the article answered most of the questions it posed, but this one came and went unexplained... > Banks aggressively partition staff based on job duties
by lainga 3y ago
I found the article answered most of the questions it posed, but this one came and went unexplained...
> Banks aggressively partition staff based on job duties and levels within those duties.
Why?
- orangesite 3y agoEfficiency fallacy. "We can generate more throughput in the system as a whole by negatively incentivizing each component to work itself to death." See Goldratt, Eli.
- adolph 3y agoOne phrase that comes up is "segregation of duties" meaning things like "if one person can do X and Y then they can commit fraud without being caught." So the principle of "segregation of duties" means that the people who can do X are on different teams than those who can do Y.
- immibis 3y agoIt doesn't only happen at banks, though.
- NovemberWhiskey 3y agoLike, specifically: please don't let your operations people in books and records have access to your treasury and reconciliation systems. Or, don't let front-office people have access to middle-office systems. See: Leeson, Nick; Kerviel, Jérôme.
- tgsovlerkhgsel 3y agoThe article answers it - it's cheaper to train a person to be good enough at one thing than training them to be good enough at all the things.