Welcome to the latest edition of the Hamlyn Williams newsletter, Hamlyn Highlights. In these monthly round-ups, we reflect on the past month and share some key news, updates, and valuable resources with you.
In these monthly round-ups, you will find all the latest on your sectors of interest, as well as some thought-provoking and insightful articles that can really help push your boundaries and take you to the next level.
In case you missed it, here are some of our recent resources that you might find valuable:
Explore these resources to stay updated on the latest industry trends, expert insights, and actionable advice.
This month we're looking at the latest insights in the financial services sector. We've been in talks with Ali Sharaki to find out exactly what's what. Here are the highlights from what he had to say:
- We're seeing a lot of attention in the build out of 1st line risk and control programs for regional and super regional banks and in some cases this is the first iteration of these build out's so they're looking for experienced individuals from global Top Tier Banks to aid on these build outs.?
- There is anticipated a lot of demand coming across the risk and compliance space over the next 18 months due to increased regulatory scrutiny across the wider financial services space but in particular a reevaluation of the regulatory expectations in the consumer banking space and in particular on banks who are between $5bn to $50bn AUM. This is expected to drive an increase in compliance and risk as firms look to redevelop and build out more specialized teams specifically within the monitoring and testing, risk assessments and broader risk functions.?
- There will be hurdles to hiring this talent as in any transformation of regulatory expectations and in particular the hurdles will be on identifying talent in specific locations across the wider US outside of traditional hubs and then also in terms of the salary expectations of these individuals coming from Top Tier Banks making the transition
- We continue to see an increased focus on liquidity risk, as well as financial institutions with a large exposure to the commercial real?estate sector investing heavily into their internal loan review teams.?
- Remote work and work-from-home flexibility: Most banks now require their staff to be on-site either 5 days a week or on a hybrid schedule, there are not many fully remote positions within the industry anymore
- Focus on ESG (Environmental, Social, and Governance) Investing: There is growing investor interest in sustainable and responsible investing, driving demand for professionals with expertise in ESG investing strategies, impact assessment, and sustainability reporting. Financial institutions are incorporating ESG considerations into their investment decisions and product offerings, creating opportunities for professionals with specialized knowledge in this area.
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Thank you for being part of our Hamlyn Williams community. We look forward to bringing you more news, updates, and insights next month.
