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#1820500 - 06/05/13 04:58 PM How confident are You?
Norman Paperman Offline
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Norman Paperman
Joined: Aug 2012
Posts: 1,641
48.934476, -114.343735
Hello BOLers,

I spent most of the day yesterday working on some spreads and produced some analysis that I'm pretty happy with. I had a meeting with some members of management today to recommend some changes based on my analysis.

Here's the problem. Sometimes I start to second guess myself and analysis when it comes to suggesting major changes to bank policy. Am I the only Compliance Guy that does this? I can be so confident and then I start thinking in circles and end up building doubt. Overall I still think I'm right but my darned mind keeps making me doubt myself.

I think it comes from wanting to be a perfectionist. I know that if I don't control myself that I will end up re-analyzing at least three or four more times.

I did this a lot in college.

What about you? Are you ALWAYS confident in your work?

GO!
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#1820504 - 06/05/13 05:03 PM Re: How confident are You? Norman Paperman
DeeQ Offline
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DeeQ
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Turnpike Exit 10
I think everyone has their moments of doubt, Garret. smile
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Get your facts first, then you can distort them as you please. - Mark Twain

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#1820505 - 06/05/13 05:04 PM Re: How confident are You? Norman Paperman
#Just Jay Offline
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#Just Jay
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Cheeseheadland
Word.
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#1820506 - 06/05/13 05:06 PM Re: How confident are You? Norman Paperman
Matt_B Offline
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Matt_B
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A CU, Where Regs Don't Apply
Rarely ever am I confident in anything I do, but I project confidence and people generally believe me! I blame it on lack of experience and lack of guidance, but I'm almost two years into this compliance thing now and expect myself to know everything.

If I'm doing anything with analysis though, I'm prone to redoing the work multiple times. I don't want to be proven wrong, lest I undo any bit of credibility I might have! Part of the reason I never pursued an accounting job, I was never efficient because I spent too much time second-guessing myself.
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#1820507 - 06/05/13 05:07 PM Re: How confident are You? Norman Paperman
manimal Offline
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manimal
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Posts: 2,207
Deleted
Totes.
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We're all here 'cause we've lost control.

Innerpartysystem

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#1820510 - 06/05/13 05:11 PM Re: How confident are You? Norman Paperman
Bankbb1, PITA Offline
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Bankbb1, PITA
Joined: Aug 2004
Posts: 38
The Sovereign State Of Oklahom...
Analysis paraysis. It happens to everyone!
There is a reason that you came up with those suggestions and it is your job to make them when you think they should be done. It is managements job to review and scrutinize them. Sometimes they go with it and sometimes they chose not to. Either way you did your job if you made your suggestions on sound information.
Unfortunately, all the anaysis in the world rarely gives you true black and white answers. smile
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Run like the wind, but never forget gravity. wink

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#1820540 - 06/05/13 05:41 PM Re: How confident are You? Norman Paperman
NotDoneYet Offline
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NotDoneYet
Joined: Jul 2010
Posts: 482
PA
I gave up on all the over-analyzing I always did in my many years of banking. I found out most of the time I was right on and for the rest, I was usually wasting time. I point out to co-workers, I am human and could make a mistake so feel free to look it over and offer any insight if you disagree. I keep my documentation as to how I reached a conclusion.
And when I do goof, I apologize and move on. That happened once that I can remember, but I realized my mistake before the meeting was out and corrected it in front of them all. They never forgot that I didn't have a problem being honest. No finger pointing or anything! Imagine that.

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#1820542 - 06/05/13 05:42 PM Re: How confident are You? Norman Paperman
Bobby Boucher Offline
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Bobby Boucher
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Posts: 6,577
Down Yonder
I am 100% confident...

Click to reveal..
...that double (or triple) checking the numbers is always a good idea. smile
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...not only will I do it for you, I... I... I... yes, yes, I'll do it for you.

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#1820545 - 06/05/13 05:44 PM Re: How confident are You? Norman Paperman
Bobby Boucher Offline
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Bobby Boucher
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Posts: 6,577
Down Yonder
I am about 65% confident...

Click to reveal..
...that you thought the previous spoiler would say something about mole-asses! laugh laugh
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...not only will I do it for you, I... I... I... yes, yes, I'll do it for you.

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#1820556 - 06/05/13 05:52 PM Re: How confident are You? Norman Paperman
Peepers Offline
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Posts: 13,994
Originally Posted By: Garret01
What about you? Are you ALWAYS confident in your work?


sometime after spending so much time double and triple checking it you just have to say Phuket and move on
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blah

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#1820597 - 06/05/13 06:23 PM Re: How confident are You? Norman Paperman
RR Joker Offline
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RR Joker
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The Swamp
Confident? Most def. Well, most of the time, yes...ommmm...let me think about it....ahhh...okay, I'll just look that up again...

::DANI...would you please analyze this, sum it up and send it to me ASAP? kthx!::
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Say you'll haunt me - Stone Sour

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#1820601 - 06/05/13 06:26 PM Re: How confident are You? Norman Paperman
Dani York, CRCM Offline
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Dani York, CRCM
Joined: Apr 2005
Posts: 3,663
TN
I would, but I'll have to double and triple check my work.....then go back to the reg to make sure I really understood what I thought I knew....then proof it one more time before I run spell check and send it to you.
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I can't herd the cats anymore, so I just set up the electric fences and let them fry when they stray out of bounds.

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#1820610 - 06/05/13 06:34 PM Re: How confident are You? Norman Paperman
RR Joker Offline
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RR Joker
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The Swamp
Why? Do you have confidence issues or something? crazy
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My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

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#1820613 - 06/05/13 06:35 PM Re: How confident are You? Norman Paperman
Dani York, CRCM Offline
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Dani York, CRCM
Joined: Apr 2005
Posts: 3,663
TN
Nope, just an overachiever! laugh
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I can't herd the cats anymore, so I just set up the electric fences and let them fry when they stray out of bounds.

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#1820629 - 06/05/13 06:46 PM Re: How confident are You? Norman Paperman
Happy Birthday HappyGilmore Offline
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Posts: 19,335
Pulling people out of the ditc...
It's really not how much confidence does one have in oneself, but rather how incompetent everyone around you is!
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Providing alternative truths since the invention of time

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#1820630 - 06/05/13 06:46 PM Re: How confident are You? Norman Paperman
Dani York, CRCM Offline
Power Poster
Dani York, CRCM
Joined: Apr 2005
Posts: 3,663
TN
AMEN!!!!!!!!!!!!!!!
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I can't herd the cats anymore, so I just set up the electric fences and let them fry when they stray out of bounds.

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#1820649 - 06/05/13 06:57 PM Re: How confident are You? Dani York, CRCM
RR Joker Offline
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RR Joker
Joined: Nov 2002
Posts: 20,644
The Swamp
laugh
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My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

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#1820661 - 06/05/13 07:15 PM Re: How confident are You? RR Joker
Peepers Offline
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Posts: 13,994
I'm generally confident except for the moment right when getting out of the pool
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blah

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#1820681 - 06/05/13 07:35 PM Re: How confident are You? Norman Paperman
manimal Offline
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manimal
Joined: Feb 2008
Posts: 2,207
Deleted
Is it George Costanza Day around here or what?? laugh
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We're all here 'cause we've lost control.

Innerpartysystem

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