Introduction During the financial crisis world regulators have been reviewing critical features of theirRegulatory reviews regulatory regimes and the resulting new legislation is now driving a pressing need for specific staff in this area. In fact demand is far exceeding pre crisis levels.More complex The compliance regimes are now technically much more complex and improvements are needed in management, control of liquidity, risk and reporting systems. The need for enterprise widesystems/controls stress testing and changes to organisations to introduce a concept of shared ownership of risk is introducing a level of change which is stretching bank resources and budgets.Abundance of new Basel 2/3,Solvency 2,CRD 3 & 4, EMIR and MiFID as well as national changes are creating multi layered complex rules which affect every area within financial firms.regulation Regulators are also not just expecting plans to be underway but are regularly inspecting firms toEmphasis on ensure compliance. This is a more assertive and aggressive stance and one which is feeding intoinspections the demand for specialists. Financial firms have been planning the 2012 budgets and are starting to come to the market withSpecialist talent requests for significant numbers of technical experts and we are keen to ensure our clients are best served ahead of what is expected to be a major bid for expertise in 2012.requiredJJ Associates has seen a significant increase in requests for such staff and we are working with anumber of clients putting together teams covering key areas to satisfy this need.Compliance, Risk and Regulation
Market Knowledge The team at JJ Associates consists of recruitment experts with prior banking experience. WeJJA’s in house make every effort to keep abreast of technical developments in the markets as we see this as the most effective means of understanding the needs of our client base. We can also talkexpertise knowledgably with our candidates and identify strong talent. We deal with bankers who are in regular dialogue with national regulators and the view we haveRegulatory is of an urgent need to build solid project and management teams as soon as possible to deal with the forthcoming abundance of regulation.awareness Over the past few months JJ Associates has been building a specialist database of professionalsSpecialist who can cover both permanent and interim positions in this area in order to fulfil the demands which the market is now witnessing.database We are very aware of the need for access to resources which are available immediately and havePermanent been focussing on building our interim capability and have also targeted senior risk and compliance professionals.& interimWe can field experts who can review and frame plans to implement new rulesas well as set up project teams and longer term strategies.Compliance, Risk and Regulation
Experts We have built a compliance, risk and regulatory database of professionals who are able to cover the following key areas Compliance/AML/Fraud Operational risk Market and credit risk Governance advisory/Pillar 3 disclosures Liquidity and ALM Stress testing Business process re-engineers/PMO Technical authors (business flow ,policies and procedures ) Rating advisory Regulatory relationship managers Business analysts IT experts in ALM and risk systems Compliance, Risk and Regulation
Ahead of the Game The timing for compliance with Basle 3 and CRD 4 has been staged over the next 4Competitive years or so , but many of the international players are already working on earlyadvantage compliance as they consider it to mean a competitive advantage with their customers . Therefore there is a market compulsion to deliver full compliance as quickly as possible. This is already having an effect on resources.Demand for talent Discussions with market practitioners suggest significant demand for staffing in this area and we would like to encourage our clients to seriously consider the impact ofrising this on their plans for 2012. Delaying taking action will inevitably result in non compliance and national centralNon compliance banks are not sympathetic to those firms who do not have robust plans or have not made evident progress. In the UK in particular, the penalties in law for noncostly compliance and breaches are directed at individuals and are punitive. Non compliance from delays or weak implementation will be more costly than the necessary investment in time and resources which is required now. Our international clients are also affected by regional standard setting and we areLocal & witnessing the need to supplement local staff with external expertise at least for ainternational staff period of time.We can support any requests for resources but timing is key .Compliance, Risk and Regulation
Delivery At JJ Associates we are a talented and passionate team of recruitment professionals based in the City of London, but active across Europe and the Middle East. Our team has extensive market experience and our understanding of recruiting in the banking space is second to none. Since 1987 we have built long-term partnerships with some of the World’s largest banking organisations, to become their preferred recruitment provider. Key service elements include: • An established global network of banking professionals, across Treasury, Capital Markets, Corporate & Investment Banking and Credit with Risk & Compliance becoming a major element in our network. • Executive Search Management, Managed Advertising Programme, Research & Advice. All will involve methods of search including (but not limited to) headhunting, market mapping, database search, social networking and sector- specific advertising. • Provision of added-value services such as innovative research to ensure we and our Clients remain ahead when planning for recruitment. In the current market it is key to get staff on board as quickly as possible and deliver results. This is even more essential for systems implementations which need specification and testing. JJ Associates can deliver a prompt solution to this resource requirement and we would like to encourage clients to contact us as soon as they have a clear picture of their hiring plan for the next 2 years.Compliance, Risk and Regulation
JJ Associates ConsultantsOur Risk & Compliance Team Julie Skinner - Managing Director and Founder of JJ Associates. After studying Law Julie joined the City and specialised in corporate banking, particularly credit, syndications, structured and project finance, as well as developing a corporate treasury sales function. Since moving into recruitment her primary focus has been treasury, risk, DCM and structured finance with a focus in the UK and the Middle East. Bruce Wheelan – Director. Started his career with Barclays International in trade finance and credit before moving to Deutsche Bank in Germany and London in Credit Risk Management. His primary focus is in Transaction and Corporate Banking both in the UK and the Middle East.We are supported by an experienced, dedicated, internal research team which understands the needto source high calibre candidates in a timely and discreet manner. Compliance, Risk and Regulation
25 years of service In 2012 we are celebrating 25 years of providing professional recruitment services to the international banking sector. Throughout this time we have endeavoured to use the expertise gained to provide our clients with a first class, personal, thorough and innovative service which we will continue to place at your disposal. It is because we have a strategic vision of our clients’ needs that we have been able to support them through every stage of development.Interim Talent - Long Term Solutions
Contact USSo how can JJ Associateshelp you with yourCompliance & Risk Requirements today?...Please Contact HeadquartersJulie Skinner Bruce WheelanManaging Director Director JJ Associates 42 Leadenhall MarketE: email@example.com firstname.lastname@example.org LondonM: +44 (0) 7989 639 583 +44 (0) 7710 850 858 EC3V 1LTT: +44 (0) 20 7623 1122 www.jj-associates.co.ukCompliance, Risk and Regulation
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