Welcome to RiskWatch

Hello, and welcome to RiskWatch, a monthly publication providing you with the latest insights, trends, and best hiring practices for decision-makers working within Risk Management.

I am Patrick Smith, a Head-hunter and Talent Partner with expertise in the full recruitment lifecycle for Risk Management professionals in London. From proactively sourcing top talent to your latest hire’s first weeks in the office, I look to add value to both clients and candidates throughout the process.

As part of my solutions-focused approach, RiskWatch will provide a variety of industry and recruitment-related themes to give you the edge in attracting top talent.

As a taste of what’s to come, this issue will touch on some of the latest happenings in the market and include a snippet of how to go about landing the best candidates.

Let’s dive in!

Market Insights

Trending now is the growing importance of ESG factors. Both regulators and investors are scrutinising how Asset Managers handle ESG risks and incorporate them into their strategies. To tackle this challenge, Asset Managers are turning to cutting-edge data analytics tools and climate research SMEs to better grasp and manage ESG-related risks.

Asset Management firms are also increasingly relying on advanced programming and the power of Artificial Intelligence to closely monitor risks, allowing for more precise, automated, and real-time risk assessments. The rise of digital assets has added a whole new layer of complexity to risk management discussions, sparking debates about the need for comprehensive crypto risk frameworks.

Like it or not, the regulatory landscape remains dynamic, with constant flux in capital requirements and reporting standards. Staying ahead of the compliance curve is still a top priority for all risk professionals. In this ever-evolving environment, collaboration and knowledge-sharing among industry peers and regulatory bodies are essential to keep ahead of emerging risks.

I would love to get your thoughts on anything market related. If you’d like to give your feedback or have your own insights and opinions feature in this section, please get in touch at [email protected] or on 02031499136

Strategies for Attracting and Retaining Top Talent

In the current landscape, attracting and retaining top talent remains at the forefront of an organisation's success. As a Talent Partner, I am committed to equipping hiring managers with the strategies they need to secure and retain the best talent on the market.

This month, we will look at the art of creating, and communicating a compelling employer brand. In a competitive industry where the margin for error is razor-thin, your brand can make all the difference in attracting the most skilled and dedicated professionals.

The Power of a Strong Employer Brand

Your brand is not merely a logo or a tagline. It encapsulates your company's culture, values, and vision. In current market conditions, where the stakes are high, your brand can set you apart from the competition from a candidate’s point of view.

Attracting Elite Talent: A strong employer brand conveys that your organisation is a destination for high achievers. These people are drawn to companies that have a reputation for excellence and a commitment to professional growth.

Reducing Time-to-Hire: With a well-defined employer brand, candidates who align with your values and objectives are more likely to apply, reducing the time it takes to fill critical positions.

Improved Employee Retention: When your employees resonate with your brand's promise, they tend to stay longer, reducing turnover and the associated costs.

Crafting and Communicating Your Compelling Employer Brand

Use your brand to tell the tale of your organisation. Share success stories, showcase your people, and provide insights into your unique culture and workplace.

Ensure that your brand is consistent across all touchpoints, from your website and social media presence to job listings and employee interactions.

Encourage your current employees to become brand ambassadors. Their testimonials and experiences can be a powerful tool in conveying your brand's authenticity.

Leveraging the expertise of a specialist recruitment consultant can help you navigate the intricacies of branding and help you communicate the value proposition of your brand to prospective talent.

Next time in RiskWatch…

In our next edition, we will delve into the often overlooked but crucial non-financial aspects of talent attraction. Discover how intangible elements like company culture, work-life balance, and social responsibility play a pivotal role in drawing the best and brightest to your organisation.

Stay tuned for invaluable insights that will help you build a well-rounded approach to talent acquisition in an industry where every detail matters.

We’ll also put the spotlight on the top talent in the market!