Challenge

Event-driven regulatory pressures demanded the firm to build out a Global First Line Business Supervision & Conduct Operational Risk function, that both partners and challenges the business across key conduct controls.

Most important to the project was depth of product knowledge aligned with each of the investment banks product coverage areas, plus significant first-hand sales/trading experience coupled with a controls/risk experience.

Solution

Our delivery team mapped potential target organisations with comparable pre-existing teams and were approached with the build out story. Upon the first key appointments made, a resultant six global hires were made in quick succession thereafter.

Outcome

A more robust, regulatory ready, first line non-financial risk platform which far outpaced the previous. An ancillary outcome was a vastly increased product knowledge hub embedded into the function, due to the hire of ex-front office trading skills directly brought into the function.