
The world of international banking is one of complexity and rapid change, where regulatory compliance isn’t just a requirement, but a cornerstone of operational success. One of our valued clients, a major international bank, faced the challenge of recruiting a Regulatory Reporting Subject Matter Expert (SME). They needed someone who not only had a deep understanding of the bank’s balance sheet and business model but was also well-versed in the intricate landscape of international banking regulations. Here is how Belvedere Recruitment stepped in and delivered a seamless, effective recruitment solution.
The Challenge
- Finding a candidate who understands both the bank’s business and the applicable regulatory pronouncements.
- Knowledge of how these regulations are translated into different reporting requirements.
- Ensuring end-to-end accountability for overseeing the quality and accuracy of various Regulatory Reporting deliverables.
Our Approach
Initial Consultation and Requirements Analysis: Before commencing the recruitment process, we collaborated closely with key stakeholders within the bank to understand the specific needs and complexities associated with the Regulatory Reporting SME role.
Custom Search Criteria: We employed our world-class search and selection tools, tailoring the search criteria to meet the specific requirements of the role, thereby eliminating the inefficiencies of traditional screening methods.
Industry Outreach: Leveraging our extensive network in the financial services sector, we proactively reached out to potential candidates, some of whom were not active job-seekers but were ideal fits for the role.
In-Depth Interviews and Assessments: Beyond CV reviews and standard interviews, we engaged candidates in practical scenarios and challenges that mirrored real-life tasks they would undertake in the role, such as a review of a mock regulatory report.
Collaborative Feedback Loops: We maintained open channels of communication with the bank throughout the selection process, inviting their input and integrating their feedback into our iterative candidate assessment.
Final Selection and Onboarding Support: After rigorous interviews and evaluations, we helped the bank in the final selection and supported the onboarding process to ensure a smooth transition.
Results
- Quality of Hire: The candidate selected not only had a stellar track record in financial services but also demonstrated the ability to handle end-to-end accountability for regulatory reporting deliverables.
- Time-to-Hire: Our specialized tools and targeted approach reduced the overall time-to-hire by 30%, expediting the whole process without compromising on the quality of the candidate.
- Operational Efficiency: Our candidate was instrumental in optimizing regulatory ratios through their participation in capital planning activities, ensuring that all reports complied with both internal and external standards.
- Cultural Fit: By understanding the bank’s culture and business model deeply, we ensured the selected candidate also aligned well with the bank’s strategic goals and workplace culture.
Conclusion
The success of this collaboration lies in our client-centric approach, where we don’t just fill a vacancy, but add value to our clients’ teams with candidates who are perfectly aligned to their needs. By working closely with the bank at every step of the recruitment life cycle, we ensured a successful outcome that not only met but exceeded their expectations.
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