The post COVID era is facing a recruitment crisis across the financial world. Those who needed to be back in office haven’t come back! This is especially challenging for companies who depend on core back office functions to deliver services to their customers.
One reason for this crisis is that when the pandemic first started, several businesses gained a bad reputation for acting in a panic and mistreating their staff. They made terrible decisions, such as terminating some workers rather than allowing them to work from home, and reducing the pay of other workers when they most needed the money.
None of the experts would be eager to return to a business that had failed to help them during the pandemic when it was over. Therefore, those that effectively led their teams during the pandemic and demonstrated to their staff how much they appreciate and care for them currently enjoy the highest reputation in the talent pool.
Secondly, recruiters are not experts in risk, compliance, audit, trading operations and other specialized back office functions. This is why they find it hard to source the right person for the job. And with ever increasing demand for such jobs and rampant industry-wide poaching, recruiters are facing more pressure from clients to fill vacancies quickly!
2nd and 3rd lines of defense functions are a critical part of any organization and are seldom outsourced due to sensitivity and confidentiality of content. Additionally scarcity of skilled workers and high staff turnover lead to the increasing demand for risk and compliance professionals
We work with recruitment companies to identify, screen and engage the right resources for the following specialized functions:
- Credit Risk Management
- Market Risk Management
- Operational Risk Management
- Regulatory Compliance
- Internal Control
- Internal Audit
- Trade Finance
- Trading Operations
- Business Continuity
- Disaster Recovery
- Information Security