Kids are already in their 30s, still depend on the parents, no credit history, no credit cards, still live with their parents and live on the parents’ allowance even though they have jobs. Parents come to the bank to open joint CDs with their kids and control their money. Kids are clueless about what they’re saving for, can’t answer simple questions about their personal finances.

Also same for younger parents whose kids are turning 18… won’t allow their kids to have credit card or build credit. Kids are 18-28 but still need their parents permission to do anything.

Why do they do that to their children 😭😭😭

Unfortunately my bank is really pushing calls. Especially for things like loans. I find it hard to cold call a mortgage, heloc, Etc. Any advice?

I’m pretty experienced commercial lender with 7+ years of experience working in a Canadian Bank.

I knew stepping into the role that the local market reputation has been pretty soured over the past few years and that this portfolio had cycled 4-5 account managers in the last 5 years.

I’ve been struggling with just eating it all. The bank is pretty policy heavy and not agile. Terrified of audit. I had a lot of agency in my previous FI so I could tangible move the needle on stuff so much whereas here I need to delegate to other parties who also have internal capacity issues. These are being addressed but instead of steering the ship I need to rely on others.

Going into it, I knew these were all possibilities but I find a year under my belt it’s still really frustrating and I unfortunately wear a lot on the delays or issues on myself. Additionally where the client experience has been questionable over the years you want to leave a good impression. However sometimes even the files are structured incorrectly and it makes no sense they were on-boarded to begin with.

Does anyone have tips if they’ve been in similar situations? I don’t mind heavy workloads but I just find my hands constantly tied. I know first year transitions to Banks are not always smooth but I can’t give myself grace