1. SITUATION: Our client was a Global Exchange and Clearing House, operating a variety of
platforms and clearing services in multiple geographies. Each of these business
environments managed their own compliance requirements through dedicated
functions. This approach led to a lack of consistency and overlap of resources and
created gaps in the overall process. In order to rectify this, the senior management
team decided to centralise compliance as a function. In order to do so they
identified the need to hire a global lead and make this individual responsible for the
development and deployment of a unified global programme.
REQUIREMENT: The Global Chief Compliance Officer is responsible for setting the overall vision
and direction for the groups compliance activities. The position ensures the
group achieves consistently high levels of compliance with all relevant laws and
regulations while supporting the growth of the company and creating a culture
of integrity. Responsibilities include: Maintaining and expanding visibility for the
HIRING A GLOBAL CHIEF OF
COMPLIANCE & ETHICS OFFICER
THE CLIENT: Global Derivatives Exchange
THE ROLE: Managing Director Global Chief of Compliance & Ethics Search
LOCATIONS: Chicago, New York & London
OUR SUCCESS: Search conducted during 6 week period, search completed in 10 weeks
Illustration showing how many candidates were
considered at stages of the recruitment process
Illustration showing how many ca
considered at stages of the recru
Illustration showing how many candidates
were identified and then shortlisted
45 Candidates Identified
5 Candidates
Shortlisted
Derivatives
Trading
Clearing
Operations
TECHNICALPROFILE
Cyber Security
CANDIDATE 1 CANDIDATE 2 CANDIDATE 3
Cyber Security
CANDIDATE 4 CANDIDATE
Illustration showing the balance of skills for shortlisted candidates
Illustration showing identification process undertaken
Commercial
Management
Commercial
Management
Derivatives
Trading
Clearing
Operations
Cyber Security
Commercial
Management
Derivatives
Trading
Clearing
Operations
Cyber Security
Commercial
Management
Derivatives
Trading
Clearing
Operations
Cyber Secu
Derivative
Trading
Clearing
Operation
Select individuals
against cultured
fit with client
Identify which individuals
led the implementation
of such a programme
Identify which individuals
associated with the
implementation of such
a programme
SHORTLIST
LONDON
CHICAGO
NEW
YORK
ASHINGTON
ASIA
Intermediaries
Banks
Exchanges
Airlines
Pha
Identify companies
who work with similar
regulatory requirements
Identify which of these
companies have recently
established centralised
compliance functions
R E C R U I T I N G W I T H I N T E G R I T Y

2. Corporate Compliance & Ethics
Programs at all levels within the
Company; Educating the workforce on
the company’s Corporate Compliance
& Ethics policies; Overseeing each
of the relevant Compliance &
Ethics Teams; Recommending and
implementing compliance and ethics
initiatives; Overseeing the company’s
Compliance & Ethics helpline;
Measuring the effectiveness of the
company’s programs and procedures;
Recommending appropriate
remediation of issues as they arise.
CHALLENGES: Whilst this was a new role, it was responsible for existing functions and so
the search had to consider the balance between technical and cultural fit. The
successful candidate also needed to have live experience of transitioning separate
compliance functions into a united capability, both in terms of terms of reference
and people management.
THE SOLUTION: The search started by identifying business environments similar in sizer and
regulatory requirements to the client. We then considered which of these
environments had gone through a similar process of centralising compliance and
which had done so successfully. During this stage we looked to identify both good
and bad examples of such programmes of work which was also presented to the
business as a separate document. Once the environment map was completed
the search looked to identify the leaders of these programmes. Time was spent
to differentiate between leaders who actively led such programmes and those
that were only involved by reporting line. This enabled us to create a target list of
individuals who had the ability to step into such a role and become immediately
effective.
THE OUTCOME: The research list comprised of 105 profiles spread across 87 different business
environments. The search focused on just 20 people that fulfilled both the technical
and soft requirements. From these 20 we focused on a shortlist of 6 candidates
from which we hired the successful candidate within 10 weeks of beginning the
process.
idates Identified
didates Targeted
6
andidates
hortlisted
how many candidates were
s of the recruitment process
Illustration showing how many candidates were
considered at stages of the recruitment process
127 Candidates Identified
35 Candidates Targeted
13 Candidates
Shortlisted
7 Candidates
Interviewed
Illustration showing how many candidates were
considered at stages of the recruitment process
105 Candidates Identified
20 Candidates Targeted
6 Candidates
Shortlisted
Illustration sh
considered a
14
8
how many candidates
and then shortlisted
ates Identified
ndidates
rtlisted
Derivatives
Trading
Clearing
Operations
TECHNICALPROFILE
Cyber Security
CANDIDATE 1 CANDIDATE 2 CANDIDATE 3
Cyber Security
CANDIDATE 4 CANDIDATE 5
Illustration showing the balance of skills for shortlisted candidates
Illustration showing identification process undertaken
Commercial
Management
Commercial
Management
Derivatives
Trading
Clearing
Operations
Cyber Security
Commercial
Management
Derivatives
Trading
Clearing
Operations
Cyber Security
Commercial
Management
Derivatives
Trading
Clearing
Operations
Cyber Security
Derivatives
Trading
Clearing
Operations
Select individuals
against cultured
fit with client
Identify which individuals
led the implementation
of such a programme
Identify which individuals
associated with the
implementation of such
a programme
SHORTLIST
Identify companies
ho work with similar
gulatory requirements
ntify which of these
mpanies have recently
tablished centralised
ompliance functions
R E C R U I T I N G W I T H I N T E G R I T Y