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Why Strong Performers Stall at VP Level in Banking and Fintech

By Mariana Cassimiro · The Seat Advisory

You were promoted because you were excellent. That part is true, and you should hold onto it, because most of what follows will make you doubt it.

The scoring changed the day the title changed. Nobody sat you down and said so.

The promotion was a reward for a game that just ended

Everything that earned you the VP title was measured on output. The quality of your analysis. The reliability of your delivery. How thoroughly you understood your own function and how few surprises came out of it.

You got very good at that. Good enough that people stopped checking your work.

Then you moved into a seat where output is assumed rather than assessed. Nobody in that governance forum is evaluating whether your numbers are right. They started from the position that your numbers are right, because you would not be in the room otherwise.

What they are evaluating is something you were never scored on before. Whether you can carry a position. Whether your judgment holds shape when the consequence is real. Whether, when they are deciding who to put on the next thing that matters, your name arrives on its own.

Working harder is the old game, played louder

Here is the trap, and it catches the strongest performers hardest.

When a capable person feels their footing go, they reach for the thing that has always worked. More preparation. More thoroughness. More hours. It is a rational response and it is precisely the wrong one, because the thing that has always worked is the thing that is no longer being measured.

So you double the effort and the perception does not move. Then you double it again.

What the room sees is a leader still operating like the most reliable person in the function rather than someone carrying the function. Not incapable. Unpromoted, in the sense that the title moved and the operating model did not follow it.

And because effort is the one lever that has never failed you, you keep pulling it. That is not a character flaw. It is what excellence looks like when it is pointed at the wrong target.

What actually gets measured now

Three things, roughly, and none of them appear in your objectives.

Whether your judgment is legible

Not whether you have good judgment. Whether anyone can see it. Judgment buried inside a thorough explanation does not register as judgment. It registers as thoroughness, which is the thing you were already known for.

Whether you hold under pressure

Positions get stressed in this industry because the risk is real. What senior people are reading is not whether you moved but what moved you. New information is judgment. Weight in the room is a ceiling.

Whether your name travels

The decisions that shape your trajectory happen in rooms you are not in. Someone either advocates for you there or they do not. That depends entirely on whether the people in those rooms have a clear, specific view of what you are good for — and vague positive regard is not a view.

The part the institution knows and does not tell you

Your firm understands all of this. The people who promoted you navigated exactly this transition themselves, and most of them could describe it accurately if asked.

They will not tell you. Not because it is secret. Because nobody owns the telling, so it falls to whoever happens to care enough about you personally to have an uncomfortable conversation.

If you have a sponsor who does that, you are fortunate and you should know it. Many people do not. And the ones who most often do not are the ones already carrying an extra layer of scrutiny in rooms that were not built with them in mind — where the feedback arrives softened, or late, or not at all, because the person who should have delivered it found it easier to say nothing.

That is a choice someone made. It is worth naming as a choice, because it is often described as though it were weather.

I spent seventeen years inside an institution that shaped me and failed me by turns. I chose to stop waiting for the conversation nobody was going to start. I chose to have it with myself, and then to have it with other people, and eventually to leave so I could have it without a curtain in the way.

What changes when the operating model catches up

The shift is smaller than people expect, and faster.

You stop bringing the whole analysis into the room and start bringing the call. You stop treating challenge as something to survive and start treating it as the mechanism by which your position gets tested and confirmed. You stop assuming the work will speak, because the work has never once spoken.

Most leaders begin moving within weeks of seeing it clearly. The first year is the window where this costs the least, while the view of you is still being drafted rather than defended.

You were promoted because you were excellent. You are stalling because excellence was the entrance requirement, not the job.

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Mariana Cassimiro is the founder of The Seat Advisory. 17 years inside Goldman Sachs as Executive Director, now advising newly-promoted VPs and Executive Directors in financial services and fintech. Connect on LinkedIn.