No raises (at all).
Bonuses are pitiful (think <5%).
Only way to get more money is to leave.
The entire risk function has basically left. You now have people there who really couldn't find a job anywhere else. Anyone who could leave, has.
All the institutional knowledge leaves with the employee, line manager has 0 clue what the risk function does, feel like they can perform the role with random employees. Management (HoDs) do not understand the level of experience, education and technical expertise required to succeed at this role. This is how you get fined.