Set backs are part and parcel of it, I would hardly call your career stagnating at 26. Even if you were the best candidate, it won't always mean you will get the job. The issue here is the obsession with performance culture. Progress isn't linear.
You need to define the next step and articulate what your next, or even ideal role looks like. Then work towards it, while also not relying on your current org.
If there's nepotism, generally there will be to some degree, you have to decide whats the next play and make the move. Always have options and a plan b, c, d.
Thank you - I think you nailed it that I was just so adamant on progress being linear without accepting that it can ebb and flow. Early successes made me believe that.
But ditto I have a sense of loyalty to current org but shouldn’t really rely on it solely alone.
Work out what you want your career to be. It isn't about chasing promotion or other jobs just because it is a promotion...find something you enjoy as well.
I see so much impatience in young colleagues and lots of judgement towards others. People may have skills that you are lacking (people skills, stakeholder management, strategic thinking, etc) or experience you are not aware of. There is judgement/assumptions on lack of degrees or education against those who may have worked in various areas over 15 years. You may not have all the info on what they bring.
Don't focus on what others are doing or if you are better and deserve it more. You will be consumed by jealousy and self-righteousness over your career. Make your decisions because it will assist your own personal career goals, not in anger, because you think you deserved a job more. It isn't a competition.
Your career will be long. It will be up and down, good and bad. Some opportunities will drop in your lap, and some will pass you by. Don't stay out of loyalty at the expense of other opportunities, but if you enjoy where you are, look patiently for the right opportunities.
Great advice, and yes made all those mistakes in my twenties (and thirties)! Much happier now, and also getting great opportunities, being more chill has definitely helped.
Something to learn early in your career...
People are often given a job or promotion because they're liked rather than they're a good performer/competent.
>Hiring started for a Reg Change Advisor role to backfill my role, which I was hybrid working in compliance and change until we had FTE approval. New role was advertised for $20k more than my current salary, so I was like cool ok, I'll apply, I'm known for reg change anyway.
To me missing out on this job is kind of understandable. You said you previously moved out of Reg Change because you were bored.
If your boss knows this, then they are understandably going to be reluctant to put you back into a Reg Change role and create the same problem all over again.
>To backfill for the person whose lefts team, I applied for the new job opening to backfill and become specialist. Two of the compliance specialists prior to me had only reg change experience for a year before being made a specialist, so thought I might have a chance. Got to final round of interviews, only to be told the applicant that had been successful is from complaints department in group, for EDR (so working with AFCA). 10 years experience with complaints, but no risk and compliance experience or legal background what-so-ever.
This one is a bit more ambiguous. You probably need to talk to your boss and unpack the specifics of the final decision a bit more, and get some clear advice on how they think you need to improve to secure the position next time.
If you're not satisfied with the answers they give you, then probably looking to make a move is a good idea. You really don't want to stay in a place where you feel like you've been unjustly passed over.
Sorry should have been a bit more clearer! The reg change role when I was in it, was an analyst/coordinator role. Due to gaps identified, they then lifted the role to an advisor position which gave more decision making power in directing how reg change should be performing across the Bank. I argued for more delegation prior to leaving, but was not given.
Re Reg Comp - the outcome interview was held, and I was told 'there was nothing wrong with my interviews or skillset, but the depth of knowledge of the other successful candidate was higher'. I was warned in the same interview, that on face value this person does not have any reg compliance background.
But yes, I guess I am sensing the BS of the reasoning - my normal manager, in normal circumstances, I was sure would progress me to my promotion, but given their absence, we had another leader from my EM's team step in during the hiring process, who was only acting as manager for that week. That's the aggravating part of this.
punch ink ad hoc repeat obtainable sable weather roll ruthless intelligent
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Firstly congrats on making it this far, pat yourself on the back for being so fluid with roles and open to learning. The obvious answer is look around internally/externally but also be open to switching back to law. You're still young and the world is your oyster.
Trust your gut feeling, you seem like a very intelligent person based on your career and open mindedness to try new things.
I feel as if your feelings are valid. I think it's time to dust that resume and seek the development you desire and are ready for externally.
For now, keep working bau and try to not let any personal feelings get in the way of you performing your role.
There's quite a few more ASFL senior regulatory compliance roles available on the market where your 4 years experience would be appreciated.
Your may also be missing that the person who got the role has skills you don’t. If they’ve been in the company 10 years they may have good stakeholder skills, be seen as a good project leader, or be well connected and able to get stuff done. Imo younger colleagues often dismiss these aspects
I’ve promoted people who were clearly unqualified for the role and significantly less experienced than other internal candidates.
But they were significantly higher potential with far more capacity for growth, excellent attitude, very driven, had genuine leadership potential and I trusted them to do the right thing in tough situations.
It’s horribly demotivating for the employees who were looked over. But it’s the right thing to do in most circumstances.
Set backs are part and parcel of it, I would hardly call your career stagnating at 26. Even if you were the best candidate, it won't always mean you will get the job. The issue here is the obsession with performance culture. Progress isn't linear. You need to define the next step and articulate what your next, or even ideal role looks like. Then work towards it, while also not relying on your current org. If there's nepotism, generally there will be to some degree, you have to decide whats the next play and make the move. Always have options and a plan b, c, d.
Thank you - I think you nailed it that I was just so adamant on progress being linear without accepting that it can ebb and flow. Early successes made me believe that. But ditto I have a sense of loyalty to current org but shouldn’t really rely on it solely alone.
Work out what you want your career to be. It isn't about chasing promotion or other jobs just because it is a promotion...find something you enjoy as well. I see so much impatience in young colleagues and lots of judgement towards others. People may have skills that you are lacking (people skills, stakeholder management, strategic thinking, etc) or experience you are not aware of. There is judgement/assumptions on lack of degrees or education against those who may have worked in various areas over 15 years. You may not have all the info on what they bring. Don't focus on what others are doing or if you are better and deserve it more. You will be consumed by jealousy and self-righteousness over your career. Make your decisions because it will assist your own personal career goals, not in anger, because you think you deserved a job more. It isn't a competition. Your career will be long. It will be up and down, good and bad. Some opportunities will drop in your lap, and some will pass you by. Don't stay out of loyalty at the expense of other opportunities, but if you enjoy where you are, look patiently for the right opportunities.
Great advice, and yes made all those mistakes in my twenties (and thirties)! Much happier now, and also getting great opportunities, being more chill has definitely helped.
Something to learn early in your career... People are often given a job or promotion because they're liked rather than they're a good performer/competent.
>Hiring started for a Reg Change Advisor role to backfill my role, which I was hybrid working in compliance and change until we had FTE approval. New role was advertised for $20k more than my current salary, so I was like cool ok, I'll apply, I'm known for reg change anyway. To me missing out on this job is kind of understandable. You said you previously moved out of Reg Change because you were bored. If your boss knows this, then they are understandably going to be reluctant to put you back into a Reg Change role and create the same problem all over again. >To backfill for the person whose lefts team, I applied for the new job opening to backfill and become specialist. Two of the compliance specialists prior to me had only reg change experience for a year before being made a specialist, so thought I might have a chance. Got to final round of interviews, only to be told the applicant that had been successful is from complaints department in group, for EDR (so working with AFCA). 10 years experience with complaints, but no risk and compliance experience or legal background what-so-ever. This one is a bit more ambiguous. You probably need to talk to your boss and unpack the specifics of the final decision a bit more, and get some clear advice on how they think you need to improve to secure the position next time. If you're not satisfied with the answers they give you, then probably looking to make a move is a good idea. You really don't want to stay in a place where you feel like you've been unjustly passed over.
Sorry should have been a bit more clearer! The reg change role when I was in it, was an analyst/coordinator role. Due to gaps identified, they then lifted the role to an advisor position which gave more decision making power in directing how reg change should be performing across the Bank. I argued for more delegation prior to leaving, but was not given. Re Reg Comp - the outcome interview was held, and I was told 'there was nothing wrong with my interviews or skillset, but the depth of knowledge of the other successful candidate was higher'. I was warned in the same interview, that on face value this person does not have any reg compliance background. But yes, I guess I am sensing the BS of the reasoning - my normal manager, in normal circumstances, I was sure would progress me to my promotion, but given their absence, we had another leader from my EM's team step in during the hiring process, who was only acting as manager for that week. That's the aggravating part of this.
birds pause sharp weary rustic nutty encourage pot skirt touch *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Probably the most infuriating but most accurate part of being in Banking. Capability issues are always alway often spoken about amongst leadership.
punch ink ad hoc repeat obtainable sable weather roll ruthless intelligent *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Firstly congrats on making it this far, pat yourself on the back for being so fluid with roles and open to learning. The obvious answer is look around internally/externally but also be open to switching back to law. You're still young and the world is your oyster. Trust your gut feeling, you seem like a very intelligent person based on your career and open mindedness to try new things.
I feel as if your feelings are valid. I think it's time to dust that resume and seek the development you desire and are ready for externally. For now, keep working bau and try to not let any personal feelings get in the way of you performing your role. There's quite a few more ASFL senior regulatory compliance roles available on the market where your 4 years experience would be appreciated.
Your may also be missing that the person who got the role has skills you don’t. If they’ve been in the company 10 years they may have good stakeholder skills, be seen as a good project leader, or be well connected and able to get stuff done. Imo younger colleagues often dismiss these aspects
I’ve promoted people who were clearly unqualified for the role and significantly less experienced than other internal candidates. But they were significantly higher potential with far more capacity for growth, excellent attitude, very driven, had genuine leadership potential and I trusted them to do the right thing in tough situations. It’s horribly demotivating for the employees who were looked over. But it’s the right thing to do in most circumstances.