Compliance

Compliance

Compliance Jobs

Regultaroy Reporting

Role: * In charge of change management in regulatory reporting for LBG in Germany and Netherlands * Analyse and identify upcoming changes by law (CRR, CRD, BCBS 239 and other regulatory guidelines) and LBG initiatives * Develop requirements catalogue for new products and restructuring * Support implementation of new products, restructuring and regulatory changes which will have impact on reports and data feeds due to COREP, FinRep, Statistics, AWV and Pillar 3 disclosures * Test management, including developing and performing tests * Identify and implement changes to processes to support key regulatory developments * Represent BAU department for mid-level Change Initiatives * Build strong relationships with Business Intelligence, Software Provider and other stakeholders * Develop and maintain effective and collaborative working relationships with management, finance and risk colleagues * Support enhancements of reporting quality to group and regulatory bodies * Implementation and enhancement within initiatives in data management and risk management * Deputise for the Head of as required and support Head of in development of team Profile: * Business degree with focus on e.g. accounting, audit, risk, and group accounting * Several years experiences in regulatory reporting * Excellent skills in CRR, Statistics, AWV, KWG, IFRS, HGB etc. * Excellent analytical and conceptual skills * Experience of delivering change (involvement in UAT) * Very good skills in Excel, Word and Power Point * Ideally skills with regulatory reporting software * Excellent verbal and written communications skills in German and English

Negotiable
Berlin
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AML/KYC Compliance Officer - 12 Months FTC (m/w/d)

We are collaborating with a renowned international investment bank in Frankfurt to find an exceptional AML/KYC Compliance Officer. With a wealth of expertise, intellectual capital, and an extensive global network, our client offers a unique perspective that positively impacts society. Boasting a team of more than 4,000 specialist in over 40 countries globally, our client delivers a distinctive global outlook across four leading business divisions. Responsibilities: Manage the client take-on process with the AML Officer and deal teams. Create information profiles and conduct background checks. Review documentation for AML due diligence. Prepare client risk assessments. Implement and monitor ongoing client screening. Advise deal teams on client take-on procedures. Prepare data for reporting obligations. Monitor and report on relevant legal and regulatory developments. Skills and Competencies: At least 4 years of experience in AML/compliance. Ability to work under pressure and understand complex issues quickly. High motivation and assertiveness. Strong communication skills, both verbal and written. High integrity, trustworthiness, and sensitivity. Fluent in German and proficient in English.

Negotiable
Frankfurt am Main
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Compliance Analyst

Role Overview: The Compliance Analyst will manage compliance processes for both clients and the company. This role provides an excellent opportunity to enhance your skills in a dynamic setting, offering extensive regulatory exposure. Key Responsibilities: Supervising & overseeing the activities of appropriate representatives. Conducting regular meetings with the appointed representatives. Ad-hoc day to day Compliance tasks & duties. Drafting policies, procedures, and relevant legal agreements. Over viewing, updating and managing the compliance portal. Review & implement the compliance monitoring & create regulatory risk assessments. Understanding regulated activities overseen by the regulatory body & reporting to the compliance committee. Familiarity with the regulatory framework and implementing new rules and providing guidance. Staying informed about regulatory changes at all times to work with senior team members. Requirements: Ability to manage multiple tasks, prioritise across various projects, and work in a team orientated environment. Accountable, responsible, and able to work both independently and within a team. Strong interpersonal skills with the ability to communicate effectively. 3 years experience within a regulated firm & expertise on regulatory compliance frameworks. Finance, Law or other related courses. If you would like to find out more about this opportunity, don't hesitate to get in touch.

Negotiable
London
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Compliance Manager

Role: Regulatory Compliance Officer Location: Luxembourg Salary: Competitive and Candidate Dependent One of the largest Super ManCo company is seeking a new regulatory compliance officer to join their growing team. Our renowned client is well trusted by leading asset managers, pension funds and wealth managers, and insurance companies globally, to manage governance, compliance, regulatory, and substance requirements. Our client has been serving more than 500 asset management clients in several countries across Europe and America and is a major player in the funds' industry with over $1 trillion in AuM. The Role Contribute to the execution compliance monitoring plan. Work closely with the head of regulatory compliance. Evaluate and enhance the effectiveness of systems and controls within the first line of defence. Manage the regulatory change process, including identification and implementation. Compile periodic compliance reports for the Board. Provide guidance and support on regulatory matters to help the business meet required standards. Supervise the analysis and evaluation of regulatory issues impacting UCITS and AIFM activities. Prepare relevant management information for stakeholders and clients as requested. Collaborate with the Onboarding, Legal, and Oversight teams on third-party oversight. The Candidate 4- 5 years of experience in regulatory compliance, preferably within the funds industry. Holding a compliance or legal qualification. Strong understanding of European legal and regulatory frameworks. Experience with AIFM and UCITS funds. Proficiency in English, other European language will be a huge plus. Experience in creating and implementing a Compliance Monitoring Programme.

Negotiable
Luxemburg
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Compliance Manager

Join Our Client's Dynamic Team! Are you ready to be part of a diverse and inclusive team? Our client is a multinational organization with colleagues from over 50 different nationalities, prioritizing their people and customers. If you're passionate about compliance and outsourcing, this opportunity is for you! Responsibilities: Develop and maintain the outsourcing framework, including policies, procedures, and tools, ensuring compliance with relevant laws and regulations. Conduct regular and ad hoc monitoring activities to ensure policy compliance. Coordinate outsourcing risk analyses. Ensure material outsourcing contracts meet the minimum contractual requirements under MaRisk and DORA for ICT third-parties. Maintain comprehensive documentation of the outsourcing activities and ensure central oversight of the outsourcing portfolio. Report risks, issues, and control weaknesses to the Management Board and prepare the annual outsourcing report as per MaRisk and DORA. Ensure BAIT requirements are met during the onboarding of outsourcing suppliers. Manage relationships with internal and external auditors, regulators, and investigating authorities. Ensure appropriate business continuity plans and exit strategies are in place. Coordinate all outsourcing-related tasks. Qualifications: Recognized Master's degree in economics, law, or a related field. Several years of professional experience in a similar risk or compliance role within the financial industry or a related advisory or audit position. Extensive knowledge of risk-related regulatory requirements. Strong skills in information analysis and interpretation. Fluency in written and spoken English and German. Become part of our client's great team and make a difference!

Negotiable
Berlin
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Cost Controller

For our international client in the logistics industry we are looking for a Cost Controller (m/f/d) with the following profile: Your Responsibilities Handling SAP-MM topics in the regional office for associated agencies, including master data management, reporting, analysis, maintaining pricing conditions, and ensuring smooth operations Preparing and analyzing SOX control reports; acting as the central point of contact for agencies and headquarters on relevant issues Regular compliance reporting to headquarters Financial management of third-party agencies, including month-end closings and balance monitoring Conducting business analyses, reviewing supplier reports, contract terms, and pricing, as well as creating and maintaining cost reports Monitoring KPIs and initiating optimization measures Performing quarterly cost reviews Managing ad-hoc reporting requests You Profile A degree or equivalent qualification in Finance & Accounting Experience in the shipping or logistics industry is a plus several years of professional experience in finance, ideally in cost controlling Strong proficiency in MS Office (Excel, Word, Outlook) is essential Experience with BI solutions (e.g., MS Power BI) is an advantage Strong analytical skills in accounting and finance SAP-MM knowledge is desirable but not mandatory Fluency in English; German skills are a plus Your Benefits Exciting and diverse tasks in an international environment Opportunities for personal and professional development Collaboration with a motivated and dynamic team Attractive salary package and additional benefits Modern workplace in a central Hamburg location hybrid working model (4:1) Sounds like exactly what you're looking for? Then apply with your CV!

Bis zu โ‚ฌ60000 per annum
Hamburg
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Senior Regulatory Counsel

A leading payment platform, situated in the heart of London is seeking an experienced regulatory lawyer to assist in the business' growth across the UK and Europe. You will play a vital role in communicating with local authorities, located across the EU, whilst actively educating the business on all regulatory obligations that may impact the business. The Role: Lead regulatory interactions and manage relationships with financial regulators in the UK to achieve strategic goals Provide strategic regulatory advice to internal and external stakeholders, aligning with commercial and strategic objectives to enable scaling Identify and anticipate key UK regulatory obligations and risks, ensuring they are addressed in a practical and scalable manner Develop action plans for business implementation based on identified obligations and ensure these plans are communicated and executed across the global business Represent the regulatory function in various workstreams and internal governance bodies to establish regulatory strategies that align with global objectives and ensure controlled and compliant growth The Candidate: Posess over 7 years of experience in a regulatory or legal role focused on UK core payments and financial services legislations Extensive knowledge of the UK payments and financial services landscape and related regulatory priorities Strong interpersonal and communication skills, with experience managing relationships with UK or EU based regulators A proactive, independent, and ownership-driven approach, enabling contribution to a fast-growing business Analytical and critical thinking skills, with the ability to find creative solutions for complex regulatory challenges while maintaining control

Negotiable
London
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Legal Counsel - Renewable Energy Projects

Legal Counsel - Renewable Energy Projects Location: Baden-Wรผrttemberg - Munich About the Company: A leading international company specializing in the development and implementation of renewable energy projects, focusing on innovative energy storage solutions. Operating across multiple countries, the company is committed to sustainability and creating a positive environmental impact. The Role: We are seeking a Legal Counsel to support the development of renewable energy projects from inception to completion. This role involves managing legal aspects of land acquisition, drafting and negotiating land leasing contracts, and overseeing the legal framework for energy storage solutions on acquired sites. The successful candidate will act as the primary legal contact for all corporate law matters within the German entity. Key Responsibilities: Assist the Land Acquisition Manager with all land leasing matters and contracts. Provide legal counsel on corporate law issues. Serve as the first point of contact for all corporate law matters within the German entity. Oversee the legal aspects of energy storage solutions on acquired land. Qualifications: First or Second State Examination in Law (1st or 2nd Staatsexamen). Direct experience handling land leasing matters. Fluency in German and experience working in the German market. Interest in joining a dynamic company leading large-scale renewable energy projects and innovative energy storage solutions in Germany. This is an opportunity to contribute to high-stakes finance operations in a dynamic, fast-paced environment, while making a meaningful impact in an engaging and supportive work setting.

Negotiable
Baden-Wรผrttemberg
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Aerospace Finance Transaction Lawyer

Aerospace Finance Transaction Lawyer Location: Munich About the Company: A specialized financial institution operating predominantly in the aerospace and commercial real estate sectors, among others. Part of a global organization, the bank operates out of Munich, offering opportunities in a dynamic, international environment. The Role: This position provides legal expertise for financing transactions, particularly within the aerospace sector, focusing on drafting, negotiating, and managing international contracts while ensuring regulatory compliance. Key Responsibilities: Offer legal advice on banking/finance law, including asset-based and corporate financing. Draft, negotiate, and execute contracts for aerospace finance transactions. Develop and update transaction templates and standard documentation. Identify and mitigate legal risks in transaction structures. Provide legal training and monitor compliance with regulatory requirements. Support the development of new financial products. Qualifications: Legal qualification from Germany, UK, US, or equivalent jurisdiction (e.g., Solicitor). Experience in banking/finance law and international transaction negotiation. Proficiency in English; knowledge of German and French is a plus. Benefits: Competitive salary, pension schemes, and public transport discounts. Training and development opportunities with the parent company. Flexible working arrangements and modern office space in Munich. Health initiatives, fitness facilities, and recreational activities. Regular company events. This is an opportunity to contribute to high-stakes finance operations in a dynamic, fast-paced environment while making a meaningful impact in an engaging and supportive work setting.

Negotiable
Munich
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Labour Relations Specialist - HR Governance

Labour Relations Specialist - HR Governance (12-Month Fixed-Term Contract) Location: Berlin About the Company: A global technology company with offices in major cities worldwide, focused on innovation and connecting people through creativity and digital solutions. The Role: This position plays a pivotal role in managing and enhancing relationships with works councils, ensuring compliance with regional labor regulations, and supporting strategic HR initiatives in the EMEA region. The role involves daily interaction with local and regional works councils, providing expert guidance on co-determination matters, and collaborating with global HR and legal teams. Key Responsibilities: Works Council Strategy: Develop and implement strategies for effective collaboration with works councils. Research trends and best practices in employee relations. Communication & Negotiation: Build strong relationships with works council members, lead negotiations on key topics, and ensure smooth communication regarding employee concerns. HR & Legal Advisory: Advise leadership and HR teams on labor law and co-determination issues, and support compliance training initiatives. Cross-Functional Collaboration: Coordinate HR-related projects and support global/regional initiatives in alignment with EMEA labor practices. Qualifications: Required: Fluent German, prior experience working with works councils, experience in labor relations, HR, or employee relations, and strong communication and negotiation skills. Preferred: Background in employment law, industrial relations, and knowledge of labor laws in the EMEA region. This is an opportunity to contribute to a dynamic, fast-paced environment while making a meaningful impact on organizational compliance and employee relations.

Negotiable
Berlin
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Compliance Officer - Sanctions

Title: Compliance Officer Location: Amsterdam Company: Bank We are looking for: A Compliance Officer for our bank operations, based in Amsterdam. This role involves safeguarding the bank's integrity and reputation while ensuring compliance with relevant laws, regulations, and internal policies. The bank focuses on attracting retail deposits in the Dutch and German consumer markets, serving over 270,000 customers with total assets exceeding EUR 13 billion. Key Responsibilities: Subject Matter Expertise: Monitor changes in laws, regulations, and business practices related to integrity risks and effectively communicate these to the organization. Policy Development: Maintain and enhance a structured compliance policy framework and supporting materials. Advice and Monitoring: Serve as a trusted advisor, supporting and challenging business management in identifying, assessing, and mitigating compliance risks. Specialized Focus: Oversee areas such as AML, sanctions, CDD, CTF, culture and behaviour, bribery and corruption, conflicts of interest, whistleblowing, governance, and duty of care. Stakeholder Engagement: Conduct regular meetings with senior management to discuss compliance topics, trends, and business developments with compliance implications. Program Support: Contribute to ongoing programs and represent compliance at various governance levels. Risk Analysis: Support the Systematic Integrity Risk Analysis (SIRA) and provide meaningful insights through regular reporting. Investigations and Strategy: Lead integrity investigations and contribute to the development and implementation of the compliance strategy and roadmap. Qualifications: 3-5 years of experience in a risk management, audit, or compliance role within the financial sector. A master's degree or equivalent academic qualification. Experience working in an international context. Strong understanding of the risk management cycle and a risk-based approach. Excellent written and verbal communication skills in English, with the ability to influence senior management effectively. Why Join Us? Our organization is a leading player in the mobility sector, offering leasing, subscription services, fleet management, and multi-mobility solutions across more than 44 countries. By leveraging our position, we are driving the industry's digital transformation and leading the way to net-zero emissions. We are committed to fostering a diverse and inclusive environment where innovation thrives, and everyone can succeed. Join our team to be part of a dynamic journey toward sustainable mobility and imperatively solutions for our customers. If this role and organisation sounds like something for you, do not hesitate to apply!

Negotiable
Amsterdam
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Legal Counsel

Legal Counsel - Customer Team, Vice President Are you ready to step into a role that champions due diligence and compliance at the forefront of consumer banking? We are seeking an astute Legal Counsel for our customer team. This is not just another job; it's a chance to become part of our mission towards delivering exceptional service while navigating through complex legal landscapes. As Legal Counsel, your primary focus will be on: Leading strategic support to enhance our customer's experiences Advising on servicing intricate client needs and applying Consumer Duty principles effectively. Handling contentious complaints by setting decisive strategies toward resolution. Identifying emerging risks proactively and ensuring DI SP compliance alongside remediation activities. The ideal candidate should possess: A qualification as solicitor, barrister or legal executive Independence in working across various products/services Proficiency in risk identification/management Critical skills expected include but are not limited to: Risk control awareness Adaptability during change/transformation processes Strong business acumen coupled with strategic thinking abilities Digital technology insights Join us if making authoritative calls rooted deeply within ethical frameworks aligns with your professional aspirations!

Negotiable
Birmingham
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Compliance News & Insights

Embracing Disabled Talent: Driving Success Through Inclusive Hiring in Europe Image
risk-management

Embracing Disabled Talent: Driving Success Through Inclusive Hiring in Europe

In today's evolving business landscape, recognizing and embracing diversity and inclusion is crucial. Despite progress, the potential of disabled talent remains largely underappreciated in Europe. Recent findings from our Selby Jennings poll shed light on the current state of affairs, with 55% of respondents admitting their hiring strategies lack provisions for candidates with disabilities. However, it is encouraging to note that 72% of workplaces have policies and practices in place to support employees with disabilities.The Missed OpportunityLack of Provisions and Representation: The finding that 55% of organizations do not have provisions for candidates with disabilities in their hiring strategies is a wake-up call. It indicates a significant missed opportunity to engage with a pool of talented individuals. Furthermore, the survey reveals that disabled individuals are particularly underrepresented in the banking and financial sector, with 78% of respondents recognizing the need for better representation. This highlights the need for a paradigm shift in how organizations approach hiring and inclusion.Policies, Practices, and Managerial Support: On a positive note, 72% of workplaces have implemented policies and practices to support employees with disabilities. This demonstrates an increasing commitment to inclusivity. Additionally, 73% of respondents believe their managers are equipped to manage employees with disabilities, indicating progress in fostering an inclusive work environment. However, it is important to ensure ongoing training and support for managers to effectively accommodate and empower their disabled team members.The Benefits of Complete InclusivityEmbracing complete inclusivity offers numerous advantages for businesses. First and foremost, it fosters a culture of equality, respect, and diversity. By hiring disabled talent, organizations can ensure they have a vast pool of skills, perspectives, and problem-solving abilities. This diversity drives innovation, creativity, and productivity, leading to better outcomes and a competitive edge. Moreover, a truly inclusive workplace enhances employee morale, engagement, and retention, as team members feel valued and supported.Embracing Disabled Talent - The Path to SuccessEmploying disabled banking and finance professionals can be a game-changer. Their unique insights, adaptability, and resilience brings fresh perspectives to financial institutions. By leveraging their talents, organizations can drive innovation, enhance customer service, and make informed decisions that cater to a broader demographic. Embracing this is a strategic move that positions businesses for long-term success.Taking Action - The Call for Inclusive HiringHiring disabled talent in Europe is not only essential for business success, but also for creating a more inclusive society. Embracing complete inclusivity brings diverse perspectives, encourages innovation, and engages the workforce. With the potential to access over 2 million candidates worldwide, Selby Jennings provides a unique opportunity to engage with talent from various backgrounds, including disabled professionals. By partnering with Selby Jennings, organizations in Europe can expand their reach, access a diverse pool of skilled candidates, and further enhance their inclusivity efforts. Request a call back today and together, we can build a prosperous future that celebrates the contributions of all individuals.

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2023 Bonus Season Breakdown Image
insurance-and-actuarial

2023 Bonus Season Breakdown

Discover the latest analysis of bonuses and rewards in the Financial Sciences & Services industry, and how it impacts the talent market.Understanding bonus structure has become not only a critical aspect to businesses in attracting and retaining top talent, but also for professionals in knowing their true value.Analysing the rewards arrangement across the Finance and Banking industry, we surveyed over 2,000 professionals based in Europe to discover:What value their bonuses are Whether they are satisfied with their bonusKey drivers behind their bonus pay-outsPerformance metrics used to determine bonusesย Offering valuable insights to both professionals looking to benchmark themselves, and for businesses reflecting on their compensation strategies, both parties can take away a number of key considerations from this exclusive report. โ€‹Download your copy of the 'Bonus Season Breakdown' report by completing the form below:โ€‹

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How to Make the Perfect Job Offer Image
private-wealth-management

How to Make the Perfect Job Offer

โ€‹Finding the perfect candidate for your latest role can be a long and arduous road. Once you have found the employee with the skills you need and an attitude which will fit perfectly within your team, it is time to make your job offer. In a perfect world, you will get an enthusiastic acceptance. However, if you are hiring in a busy sector, or trying it, is likely you may have to negotiate salary and other benefits before you can seal the deal.Competition for talent is fierce. The pressure is on for hiring managers to secure the right candidate by offering an attractive compensation package before they accept an offer from a competitor. The aim of a salary negotiation is not to find a compromise where both parties are dissatisfied but find a balance where you both come out feeling valued, and enthusiastic about moving forward. Negotiating salary can be a tricky business that requires a high level of strategy.โ€‹Set your limits before you advertise the jobSalary negotiations can be complicated - planning will give you an obvious advantage. Before you even start interviewing your candidates, you need to choose the right salary to advertise, including the upper limit to where you are willing to negotiate for an exceptional candidate.Your lowest salary offer should still be in line with industry standards, with your upper limit reserved for excellent candidates who will offer extra value to the role. Donโ€™t include your upper salary limit in any of your job advertising or recruitment efforts. There are several elements to consider when deciding on monetary compensation, including:The seniority of the position on offerโ€“ how many people will they be managing? Will they be heading up important projects?The current labor marketโ€“ will this be a difficult or easy position to fill?The current performance of your companyโ€“ how much can you afford to pay a new candidate?The skills required for the job โ€“ are they rare? Do you need a specific combination of hard and soft skills?The salaries of others in the companyโ€“ is the upper limit offered still within the bracket you have set for others at this level?Your locationโ€“ are you based in an expensive city or area where more compensation is needed to make up for elevated living costs?The best way to avoid negotiation is to ensure your initial offer is attractive and fair compared to benchmarks within your industry. Use online tools such as PayScale and Glassdoor to look at salary benchmarks for similar roles within your sector. Remember that it is likely your candidate will also be using these tools to make their own comparisons.It is also vital to keep within existing pay levels within your company. Going above these may help you secure a candidate but can lead to issues further down the line where other team members may feel undervalued and demoralized.Find out your candidateโ€™s current salaryThe candidate you are interviewing is under no obligation to tell you their current salary, but there is no harm in asking politely. This information is important when it comes to negotiating a salary. If their current salary is higher than your upper negotiating position, then it is time to question if they are the right candidate for you. This is best done early in the interviewing process. You can ask a candidate their desired salary in the interview to prepare for later negotiations and speed up the process. This allows you to root out candidates who are holding unrealistic salary expectations.Make a fair initial offerIf you want to avoid a lengthy negotiation period, make sure your initial salary offer is a fair one. Though it is not an official rule, it is a given that most professionals will be expecting at least a 20% pay rise when seeking a new position, particularly with the cost of living increasing. However attractive the position is and however great the benefits your company provides are, salary is still the main motivating factor for taking a role - you need to offer a fair package to a skilled candidate which remains within your company guidelines. Your offer needs to be a fair reflection of the candidateโ€™s experience and skills.Lowballing your candidate in anticipation of a counteroffer will only lead to your candidate regarding your company with suspicion, and you may gain a reputation as a timewaster. Salary negotiations should not be treated the same way as trying to sell a used car. Consider the long-term impact of the hire during your negotiations. Making a fair offer will help bring more value to your company in the long run through the work of an employee who knows that they are respected and valued.Conversely, offering a very high number to your candidate can come across as desperate and make your candidate second guess their decision to take up the offer. Your candidate will be aware of the value of their current skill-set, and a high overvaluation can lead to further suspicion and hesitation from the employee. Finally, ensure your initial offer is lower than your upper range, which should have been decided before the job was advertised, to leave room for negotiation.Highlight benefits beyond salaryIf you are aware of competitors in your market who can provide bigger salary packages than you, consider the benefits of working for your company beyond the wage. Depending on your candidate, some of these benefits can be very attractive in helping improve the employeeโ€™s quality of life. If you are unable to completely match a salary request during a negotiation, there are other benefits you can offer that may entice a new employee to join. These could include:Additional or unlimited annual leaveโ€“ a generous holiday offer, including the recent trend amongst start-ups to provide unlimited leave, shows a level of trust and value.Flexible workingโ€“ Allowing employees to work from home one day a week or schedule their work around their lives using a flexi-time structure is particularly attractive to those with children.Professional developmentโ€“ If there are opportunities for the candidate to take on additional training, learn new skills or start a new progressive career track, there is more long-term value in taking the role offered.A positive company cultureโ€“ If the candidate is coming from a toxic or high-pressured atmosphere where they experienced burn-out, it may be an important and attractive prospect to work in an office with a supportive and positive atmosphere. Statistics such as staff retention rates and testimonials from other employees can help support the representation of your culture.Perks- such as free gym membership, funding for travel into work, subsidized lunches, attractive office facilities, and social opportunities.These can all be compelling reasons for your ideal candidate to choose your role, even if the salary isnโ€™t what they expected. These benefits can help employees save money, cut down on stress, and enjoy their role. This provides compensation which focuses on quality of life - which can be very appealing during negotiations.Offer alternative monetary benefitsIf you are facing troubles in salary negotiations and it looks like you may lose the candidate who will bring the most value to your company, it is worth considering offering additional monetary benefits. These can include:Performance-related bonusesโ€“ agree to pay a bonus if certain targets and milestones are hit.Commissionโ€“ some roles can benefit from a commission rewards system, where the employee is compensated for business and leads generated for your company.A signing bonusโ€“ a one-off signing bonus rather than a higher salary bracket is often a great way of satisfying both parties. It shows enthusiasm for wanting to onboard the candidate quickly while saving your company on payroll in the long term.A later salary negotiationโ€“ if you are unsure about offering a higher salary bracket now, you can promise another negotiation over salary after a probation period, on completion of a training course or if a performance target is hit. It is vital that you do follow up on this promise, as you do not want to lose the trust of your new staff member.Shares or profit-sharingโ€“ get your candidate invested in the success of your company by offering shares as part of the job offer.The importance of feedbackProvide succinct feedbackYour feedback is the most important part of your communication with a rejected applicant. Good interview feedback needs to be succinct, considerate and honest. It is often the case that there was nothing particularly wrong with the candidate, but there just happened to be another candidate with more relevant experience or stronger skills. Stating this to a candidate should not offend their feelingsโ€”itโ€™s the reality of job hunting in a busy and high-quality labour market. You donโ€™t want to provide a lengthy critique which kicks your applicant when theyโ€™re down, but providing constructive and specific feedback will also be useful for your candidate.Request and value feedbackAnother way to show respect to a candidate and gain a brand advocate is to ask for feedback on your interviewing and hiring process. You have given your honest and succinct feedback, respect that hiring is a two-way street and request some feedback on their experience. You can do this either in your phone and email correspondence, or set up a feedback survey to collect data from several rejected candidates. Requesting feedback shows you value and trust the opinions and viewpoints of the candidate, alongside providing you as a hiring manager with useful insights on how you can further optimize and structure your recruitment and candidate search process.Be honest about future opportunitiesIn some cases, you may be rejecting a candidate you have a genuine interest in hiring in the future. Maybe they werenโ€™t quite the right fit for the current role, but they may slot into your future growth plans. If this is the case, tell them. However, do not finish a job rejection on a false promise if you know you have no interest in hiring the candidate now or in the future. Only invite a candidate to apply for future roles if you think they would be a good cultural fit in your company in the future. Inform them if their details will be kept on file within your company for future positions.Gaining a brand advocate in a rejected candidateEnding a job rejection on a positive note is no mean feat, but it is the first step in nurturing and maintaining a good relationship with the candidate and gaining a brand advocate. You want to keep qualified candidates of exceptional quality active within your talent pool, and maintaining positive communication with a rejected candidate may save you on hiring times and costs at a future date. Stay in touch with rejected candidates, either via email or professional social media such as LinkedIn. Follow up on their progress, and congratulate them when you spot they have landed a new job.You can keep up communication through inviting rejected candidates to events or seminars hosted by your company, a networking opportunity for both you and your candidate. You can also ask to add the candidate to your email newsletter database, or suggest they follow your company on social media so they can stay informed on hiring and growth. Treat candidates as you would like to be treated. Keeping up positive, timely, succinct and direct communication will gain you a brand advocate and a new addition to your passive talent pool.These guidelines can help to negotiate and extend the perfect job offer that's impossible to refuse. Once the offer is made, this isn't the end of the process -the ball still remains in the candidate's court. As a talent specialist with a well-garnered candidate portfolio, we are a one-stop solution for all your talent needs. Contact us today and we can help in the job offer process.โ€‹View and download your free printable version belowโ€‹

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How to Get the Most Out of a Long and Challenging Interview Process Image
sales-and-trading

How to Get the Most Out of a Long and Challenging Interview Process

โ€‹Interviewing at a banking or financial services firm, particularly for senior-executive level positions, will often entail a rigorous process that includes a lot of prep, energy, and tough technical questions to assess if you have the necessary skills and knowledge to tackle the role. In certain instances, you may even be invited to attend an all-day interview, which entails multiple rounds of exchanges with stakeholders and HR managers to determine how your skillset and character might fit into the company. This type of interview is of course intended to challenge you in a variety of ways, but while it can be tough, it is a valuable experience and an opportunity to get to know the company and the people who make it.If you are called to one of these marathon interviews, itโ€™s important to set yourself up for success in advance, which doesnโ€™t just mean pouring over interview questions and company information. Taking care of yourself both mentally and physically in the run up to such an exciting but demanding opportunity is equally as important as preparing your answers in that fatigue and stress can quickly derail your efforts.โ€ฏThis article will guide you to set yourself up for a positive outcome when approaching a long and challenging interview process, whether itโ€™s a job offer or a valuable experience to carry with you for next time.โ€ฏThe full pictureBeing called for an interview is a great feeling. It affirms that your CV has hit the mark and that the hiring manager wants to find out more about what you have to offer. The interview itself can challenge you in ways you might not have expected, and in some cases can be a long and demanding process both mentally and physically, but itโ€™s important to remember that if youโ€™re not being challenged, the role might not offer you the right level of growth and development that will keep you fulfilled. Essentially, itโ€™s not supposed to be a breeze.In particular, the idea of an all-day interview can be extremely intimidating, and a certain level of nerves can be a good thing. Single interviews are challenging in their own way, but are typically over in about an hour, while an all-day interview is an entirely different ball game involving meetings with several senior stakeholders within a company to gain different perspectives on your suitability.ย Depending on the role you are applying for, all-day interviews can come in a range of formats. For example, they may involve a mixture of exercises relevant to your role, plus general tests to check your culture fit, such as personality and IQ tests. This means that you are being tested on things that you can prepare for and traits that are innate to you. Therefore, while reading up on information that can support your professional assessment is one way to prepare, youโ€™ll also need to start the day well rested and calm in order to present the best version of the full picture.โ€ฏBe preparedโ€ฏThese interview processes are designed to push you out of your comfort zone and so preparation will be your greatest ally to help you keep your cool and put your best foot forward. Your potential new employers are attempting to gain a full picture of what you are about, from your skills and experience to your attitude and cultural fit and so however talented, experienced, and confident you are in your fit for the role, there will be elements of the process that will challenge you, demanding thorough preparation. Here are some tips to help you to prepare before you walk through the door.โ€ฏRequest a scheduleThis is vital in terms of mentally preparing for an all-day interview. Knowing how the day will be laid out will help you get into the headspace of what is expected from you, helping to keep you calm and avoiding anything that might throw you off. You may have four very long interviews, or twelve very short interviews. Whatever the format, you need to make sure you are mentally prepared for what you are facing, and pace yourself around those all important breaks. Request this a few days before your interview to give the employer time to check everyoneโ€™s schedules.โ€ฏFind out the names and job titles of each of your interviewersLook up their LinkedIn pages and find out their experience and expertise, and what relationship they may have with you if you win the position. If they are thought leaders, read their articles and blogs to find out their views on your industry. Researching your interviewers means you can find out how you can relate to them both personally and professionally, which will make them easier to engage with on the day.โ€ฏPrepare questions for your employerโ€ฏA day-long interview is an opportunity for you to get an impression of the institution you are hoping to work for from several angles. Think of all the information you want to gain from the different interviews and ensure you have prepared questions to ask each of them. This also takes the pressure off yourself during each interview and allows for breathing space. And in addition, your interviewers will appreciate the variation in conversation.โ€ฏGather your examples and storiesโ€ฏPrepare some notes on your most notable career achievements. Numbers work best, particularly if youโ€™re short on time, so if your department contributed to a 20% increase in revenue, keep that number in mind. Think of your best and most impactful anecdotes, too - an example of a successful negotiation, a challenge where you were the lead problem solver, a project you managed from conception to launch. And donโ€™t forget to let your personality shine through when telling your story as a good company will be looking for a good mix of skills and character.Stay refreshedโ€ฏThe demanding nature of the all-day interview means you need to plan ahead and make sure you are equipped with the right items to keep you feeling fresh and help you stay mentally focused until the end. In most cases you will be offered plenty of chances to hydrate throughout the day, bringing a flask of water or coffee is a good idea and will help you to stay alert. Much like a real marathon, these days require stamina, so plan your fuel to keep your brain sharp and keep your energy up between interviews. Choose healthy yet filling snacks like granola bars or fruit, and avoid a sugar rush as the slump will be sure to follow. Also, be careful with caffeine. If you rely on it, regulate your coffee throughout the day to avoid any crashes in the afternoon.Having a mid-day freshen up can work wonders for your energy and focus. Packing sanitary items such as hand/face wipes, deodorant/perfume, and mouthwash may give you the reset you need, particularly after food and coffee, and will help to send you into the second half of the day feeling more awake. In addition, packing a comb or hairbrush will help you to remain presentable, which will make you feel better, too.It may be tempting to sit and scroll on your phone in between interviews, but getting fresh air and going for a walk if you can will help keep you mentally clear. Gentle physical exercise keeps your blood flowing, prevents tiredness and is the best way to keep fatigue at bay. Try to take a proper break without speculation and analysis of how the day is going. Your brain canโ€™t work at full speed all day - try to slow it down and give it a rest before it goes back into full speed at the next interview. Meditation is known as a hugely beneficial practice in instances like these.Approach each interview consistentlyโ€ฏIt is natural that you will exhibit both strengths and weaknesses throughout the day, and it can be difficult to approach the final interviews with the same energy as the first, but it is vital you remain consistent. Keep in mind that even though this is a marathon for you, your meeting with each interviewer is a stand-alone hour or two for them, so try to keep up with pace. Remember to shake the hand of each interviewer, introduce yourself, and be prepared to repeat yourself a few times throughout the day, however tiring it may seem. End each interview on a positive note about how you are excited to interview for the position, reiterate why you believe you are the ideal date, and that you look forward to hearing from them.โ€ฏHowever, keep in mind that your interviewers will be comparing notes, so avoid telling the same story and highlighting the same achievements during each interview, or you may risk giving the impression that your experience is more limited than it is. During your research process, think of the best information you have which will be relevant for each position. For example, the head of marketing may be engaged with examples where you have shown creativity or solved problems, whereas a sales director will be more interested in figures and percentages. A HR figure will be more interested to hear about your management skills, or a story about dealing with a toxic employee. Again, preparation is key.Stay on your A gameโ€ฏEveryone is in the same boat over the course of an all-day interview. Talking for hours in a high-stakes situation can be mentally exhausting, and a mix of anxiety and disinterest can creep in, which is only natural regardless of how passionately you want the job offer. After the initial rush of your first interview you may be facing fatigue, while your intention was to remain positive, confident, and enthusiastic throughout the day.โ€ฏA good way to avoid showing signs of fatigue during later interviews is to be mindful of your body language. Keep in mind that you should be enthusiastic with your gestures; lean forward towards your interviewer and show your passion for what you do through how you move as well as what you say. If youโ€™re tired towards the end of the day, try to avoid speaking flatly and donโ€™t forget to remain sitting up straight, as this will make you both appear and feel alert and passionate about the topic.โ€ฏThe majority of all-day interviews will include a break for lunch mid-way through. Not only is this a chance to get a preview of the company canteen and how people interact during their break, itโ€™s also the perfect opportunity to socialize with your possible new co-workers in an informal setting. Though you may need to refresh, you may also view your lunch break as another kind of interview relating to your cultural and personality fit. Your interviewers will be taking note of your social manner, and whether you are easy to communicate with. It is also an opportunity for you to ask questions and discover more about the company in a more casual setting.

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