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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Me: $155-160K 
Him: $600K last year, but should hit over $700k this year

We both work in finance (me - corporate role at a large financial institution and him - private equity).[/quote]

What does a person who has a corporate role at a bank or other financial institution do exactly?

[/quote]

Nothing. It's just a lot of pointless meetings.[/quote]

I’m a VP who runs a large (several thousand person) organization at a huge bank. A sample of what I do.

- Plan and track a 9 figure P&L. I obviously have an FP&A team and controllership helping, but I am hugely involved here.

- To accompany the above, track and manage expenses and baseline them by various volume measures (sales, revenue, customer contacts, website visits, customer accounts, engaged customer accounts, etc).  I’m generally asked to reduce in the neighborhood of $25M in expenses each year, and have to create a plan for how to execute that, and then make sure my teams follow through.

- I sometimes get personally involved in customer issues and solving them. I have lots of people who do this, but being directly involved helps me better understand where the gaps are.

- I have lots of KPIs I track, and then Targets to hit. This affects my team’s scorecard, and largely influences my bonus.

- I negotiate large partnerships and contracts with suppliers and third parties. This eats up tons of time, including getting approval to spend hundreds of millions of dollars externally.

- I have to manage through audits and lots of government regulations, and represent my business when working with our legal affairs, compliance, and operational excellence teams.

- I have a number of direct reports, and do the standard people leadership duties there (write reviews, hire & fire, give feedback, choose their bonuses, leadership development, etc).

- I lead huge technology implementations in my business, including integration of generative AI into our internal and external tools, reacting to new industry technology, new chatbots, machine learning in our volume forecasts, etc etc.

- I own a number of products and benefits, and work with our brand management teams to advertise them, Market them, negotiate sponsorships related to them, etc.

The above is honestly just a sample, and I’m sure is missing plenty of key daily tasks. [/quote]

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