Author: The Risk Partners

Hi all, 

The Risk Partners have put together a handy guide on how to best optimise your time working from home.

We hope you enjoy!

1) Trustworthy hires who can work from home effectively

• Working from home is normal. No longer is it viewed as an emergency set up, but instead a fully operational hybrid-model is now part of the modern working pattern.
• Existing staff who know the systems, processes and policies have generally worked well remotely. But when new staff join, it has its challenges.
• New hires who have the direct experience and can pick up the systems quickly will be in demand
• Once fully up to speed, remote working has shown increased productivity and lower stress levels due to no commuting

2) Diverse workforce

• Having a diverse workforce is a top priority for firms across the world
• Many have embarked on D&I programmes but intrinsic cultural change requires more focus
• Workplace diversity means respecting and valuing the skills and differences that each staff member brings into the workspace
• Those businesses bringing together staff with different perspectives will put themselves in a better position to succeed
• Firms are now more consciously addressing bias in hiring processes and are examining practices around equal opportunities

3) Re-establishing a sense of Company Culture / Community

• Company Culture is the foundation of any firm. The Pandemic has forced us to work from home and keeping the ethos / drive / direction has been difficult
• Post-pandemic surveys have shown that staff have been longing to re-connect with the sense of community, shared value and goals that has been missing from the Zoom-based working environment
• This sense of belonging and ‘Team’ is attractive to new and existing staff.

4) An ESG focused agenda

• The COVID-19 pandemic has heightened awareness of the importance of Environmental & Social impacts across the globe
• ESG is no longer a tick box / PR exercise, it is real and top priority for this generation
• Financial services firms are now taking note about their own environmental impact and their choices around sustainable investing
• 2022 hiring will result in a surge of hiring in ESG supporting functions

The Risk Partners are a boutique recruiter, with Corporate Governance (Risk, Compliance, Legal) at the heart of its activities. We live in a world where Governance steers the world through often challenging times. Our aim is to work in partnership to develop careers and find business solutions. Please get in touch to discuss how we can help you.
contact@theriskpartners.com

We hope you had a relaxing break. We love Risk Management!
So, part of our role is to keep on top of senior level moves and strategic hires across the market.
#theriskpartners #onthepulse #seniorappointments

2021 is well underway and the hiring market has been much more positive. Risk & Compliance hiring across the UK, USA and Europe is back. 

2020 saw a number of challenges globally, but as vaccination programs have hit full pace in 2021, confidence levels have grown and hiring has recommenced.

Our clients across Banking, Asset Management and Consulting have reached out to add talent to their teams.   

Risk: 

– Regulatory Capital Risk and Operational Risk roles have seen more demand, along with Stress testing and Portfolio Analytics

– Investment Risk / Market Risk roles have seen a slight increase following a quiet 2020

– Credit Risk roles have been quiet in the London market 

– Strong call for Audit and Compliance professionals across the US

Compliance: 

– Compliance Monitoring roles have continued to come to market 

– AML Compliance across the market saw increased demand due to a change in spending habits due to the pandemic 

Compensation: 

Due to short supply of candidates (because of nervousness around moving roles) compensation levels have increased for job movers. Especially in the hot demand areas. 

Bonus conversations were relatively flat this year as expected, apart from in Consulting where 2020 was a solid year. 

Contract rates have continued to be stagnant given the lack of demand for contractors. 

Summary:

With more firms confirming that ongoing hybrid working models are to be adopted, less office space is required, hence lower cost per hire. Confidence is growing so real fight now begins to secure the best talent. 

Positive signs for the market on the whole.

The Risk Partners are a boutique recruiter, with Corporate Governance (Risk, Compliance, Legal) at the heart of its activities. We live in a world where Governance steers the world through often challenging times. Our aim is to work in partnership to develop careers and find business solutions. 

Please get in touch to discuss how we can help you. contact@theriskpartners.com

World Mental Health Day: The Risk Partners are keen to do our bit to promote and support World Mental Health Day.   

Working in Financial Services can be stressful. Increasingly, we hear of individuals looking for new roles because of the pressures they face in daily working life.   

Before, there was a stigma associated with the subject, but the good news is that people are now starting to talk about it.   

If you are suffering, support is out there. You just need to know where to find it. 

One great UK initiative launched recently is ‘Every Mind Matters’:  

https://www.nhs.uk/oneyou

You are not alone. Have a great day and get talking.  

#worldmentalhealthday #everymindmatters #gettalking