Financial Crime team growth to counter failings
in controls and avoid scrutiny from the regulator.

Case Study

Financial Crime | Europe

Global Corporate & Investment Bank

Situation

A major global bank was under pressure from the regulator to improve its financial crime controls. They had a modest sized 2nd line function and needed to drastically increase their headcount to satisfy regulatory needs, improve controls, and avoid further scrutiny. They also needed to rebuild their KYC & Onboarding function and replace a large number of consultants who were onsite.

The solution

Using a detailed briefing our executive search team were able to send a shortlist of suitable profiles from a targeted selection of competitors who were approached confidentially about the role. Of these, the majority were asked to interview, and 3 were progressed to final with the preferred candidate offered.

For their other 2 recruitment projects we were able to deploy our entire team of Financial Crime & Compliance specialists to assist. Based upon a detailed briefing from the client our consultants were able to vet suitable candidates against specific screening criteria and worked tirelessly to headhunt passive candidates from direct competitors. Within 48 hours we were able to send 50+ vetted candidates for each project (Financial Crime & KYC), and after being screened by the client we coordinated all interviews, managed offers and filled the requirements.

Result

With the new talent in place, we are pleased to report that the client is no longer under regulatory scrutiny, with significant improvements being made to its financial crime controls.

Quote

"JCW’s ability to understand and grasp the nuances of the requirement and also the culture of the organization has been impeccable.”

-HR Business Partner

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