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Embedding regulatory initiatives

The client was an independent personal bank who had recently restructured.

The issue:

Following a recent restructure and an introduction of 1st line regulatory functions to the business, our client was looking to hire interim expertise to support the permanent team embed a number of regulatory initiatives into their operations. Having conducted an initial impact assessment, they required the expertise of a payments compliance and regulatory change professional to help the business manage the requirements associated with Payment Services Directive 2, 4th EU Anti-Money Laundering Directive and the Payments Account Directive.

The solution:

Having an established network of both interim change professionals and compliance and regulatory SMEs, FourthLine's interim contingent service was the best solution for the client in order to make an effective hire with speed, and all important accuracy of delivery. FourthLine arranged a face to face meeting with the hiring manager to take a formal brief on the role. We made sure we were fully aware of the work that had already been completed by the client, where the gaps were, what the key deliverables were within what time frame and what the client would see as the 'ideal profile' for a candidate. We then advised of the appropriate rates and agreed a formal process to present the CV shortlist and arrange face to face interviews.

FourthLine presented a shortlist of four candidates within 48 hours. The client interviewed two candidates and made an offer to the preferred candidate within 24 hours of the interview.

Having a prequalified network of risk, compliance and change professionals meant that FourthLine were able to offer a great service to our client – keeping the process simple yet presenting accurate profiles with speed. As a result, FourthLine have continued to place multiple candidates with this firm and remain a trusted partner for their risk and regulatory recruitment.  

Topics: Risk Management, Banking

March 16, 2018