Compliance

Compliance

Compliance Jobs

Portfolio Assistant

A global asset management firm with a strong focus on equities is seeking a Portfolio Assistant to join its team in Paris. The company is fully owned by employees and founders, fostering a long-term investment approach that emphasises quality growth and responsible investing across both developed and emerging markets. With a diverse client base and a significant portfolio under management, the firm operates internationally with offices in key financial hubs. Role Overview: As a Portfolio Assistant, you will be part of a collaborative team, working closely with portfolio managers to support the processing of transactions and oversee daily portfolio activities. Your role will be essential in ensuring the smooth execution of orders in coordination with Trading and Middle Office teams, aligning with strategic investment guidelines. You will have the general responsibilities of order Management, transaction monitoring, cash management, support to analysts, compliance and risk management. Key Responsibilities: Manage and monitor buy/sell decisions in the Order Management System (OMS), ensuring compliance with portfolio constraints and mandates. Maintain transaction records, including purchase and sale transactions. Oversee subscription and redemption requests in the OMS from Middle Office. Ensure order complementarity across mandates and funds. Collaborate with trading and back-office teams for efficient transaction processing. Monitor portfolio cash balances. Assist in portfolio rebalancing in coordination with Portfolio Managers. Coordinate with trading and back-office teams. Provide daily reports to Portfolio Managers. Assist in portfolio data analysis, including aggregations, EPS, and contributor's insights. Develop and present specific reports as required by portfolio management teams. Support investor relations with ad-hoc reporting. Contribute to automating existing reporting processes. Update and monitor watch lists and investment universes. Ensure adherence to internal policies, investor mandates, and compliance guidelines. Verify compliance with pre-defined investment rules. Support risk management-related tasks in collaboration with risk and compliance teams. Enhance internal processes, tools, and systems in collaboration with Middle Office and project teams. Qualifications: Professional Skills 3 to 5 years of experience in a similar role. Bachelor's degree in finance, economics, or a related field. Strong understanding of equity markets, including stock market liquidity, order execution cycles, settlements, and associated costs. Proficiency in VBA and SQL. Knowledge of OMS tools (SimCorp is a plus). Experience with FactSet is advantageous. Strong reporting and analysis skills, with proficiency in Power BI and advanced Excel. Excellent English communication skills; knowledge of French is a plus.

Negotiable
Paris
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AML Director/AML (m/w/d)

We have a current opportunity for a BDO AML Director/Consultant on a permanent basis. The position will be based in . For further information about this position please apply.

Negotiable
Frankfurt am Main
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Senior Legal Counsel

A leading HFT firm in Amsterdam is seeking an experienced legal counsel to join its dynamic legal team. The company is committed to delivering exceptional value to its clients through innovative trading strategies and a deep understanding of market dynamics. The Role: Provide legal advice and support to senior management and trading teams on a wide range of legal matters, including complex transactions, regulatory issues, and commercial contracts. Draft, review, and negotiate a variety of legal documents, including trading agreements, commercial contracts, and compliance policies. Monitor and analyze regulatory developments and advise the business on necessary adjustments to ensure compliance. Collaborate with the compliance team to develop and implement effective compliance programs. Manage and mitigate legal risks associated with trading activities. Represent the company in legal proceedings, arbitrations, and negotiations. Conduct legal research and stay updated on relevant laws and regulations affecting the trading industry. Provide training and guidance to internal stakeholders on legal and compliance matters. Ensure the firm's activities comply with all applicable regulatory requirements, including those set by the Dutch Authority for the Financial Markets (AFM) and other relevant regulatory bodies. The Candidate: Minimum of 7 years of experience in a law firm or in-house legal department, with a focus on trading, securities, derivatives, and regulatory compliance. Strong knowledge of relevant laws and regulations, including securities law, derivatives law, financial regulations, and compliance requirements. Excellent drafting, negotiation, and communication skills. Ability to work independently and manage multiple tasks in a fast-paced environment. Strong analytical and problem-solving skills. Proactive, detail-oriented, and able to think strategically. Experience in managing legal risks and developing compliance programs.

Negotiable
Amsterdam
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Compliance Manager (m/w/d)

Die Position umfasst die Vertretung der Compliance-Funktion gemรครŸ AT 4.4.2 MaRisk sowie die Aufgaben des Auslagerungs- und Geldwรคschebeauftragten. In diesen Bereichen unterstรผtzen Sie bei der Umsetzung regulatorischer Anforderungen, fรผhren regelmรครŸige KontrollmaรŸnahmen durch, begleiten interne und externe Prรผfungen und tragen zur kontinuierlichen Berichterstattung bei. Aufgabenbereiche: Compliance: Unterstรผtzung bei der Umsetzung regulatorischer Anforderungen und Bewertung neuer Entwicklungen. Durchfรผhrung von Compliance-Kontrollen und internen Schulungen. Ansprechpartner fรผr Audits und Berichterstattung an die Geschรคftsleitung. Vertretung der internen Stelle fรผr das Whistleblowing-Verfahren. Geldwรคscheprรคvention: Sicherstellung der Umsetzung gesetzlicher Anforderungen und Bewertung von Geldwรคscherisiken. Durchfรผhrung von Kontrollhandlungen und Unterstรผtzung bei Schulungen. รœberprรผfung und Erstellung von Richtlinien sowie Aktualisierung der Risikoanalyse. Auslagerungsmanagement: Sicherstellung eines angemessenen Auslagerungsmanagements und Einbindung in das interne Kontrollsystem. Entwicklung und Pflege von Richtlinien und Prozessen zur Steuerung von Auslagerungen. Dokumentation und รœberwachung von Auslagerungen sowie Koordination von Risikoanalysen. Zusรคtzliche Aufgaben: Wahrnehmung der Compliance-Funktion gemรครŸ AT 4.4.2 MaRisk. Unterstรผtzung bei der Compliance-Risikoanalyse und Weiterentwicklung der Compliance-Organisation. Ansprechpartner fรผr Shareholder und das Headquarter in Compliancefragen. Qualifikationen: Hochschulabschluss in Jura oder Wirtschaftswissenschaften Mehrjรคhrige Erfahrung in Compliance-Bereichen Erfahrung im Prozess-Management Prรคzise und selbstรคndige Arbeitsweise Moderations- und Prรคsentationstechniken Verhandlungssicheres Deutsch und Englisch Persรถnliche Eignung: Hands-on-Mentalitรคt und Proaktivitรคt Selbstรคndiges Arbeiten und Teamfรคhigkeit Objektivitรคt und Integritรคt Flexibilitรคt und Hilfsbereitschaft Schnelle Auffassungsgabe und analytisches Denken Beratungskompetenz und Verhandlungsgeschick

โ‚ฌ70000 - โ‚ฌ90000 per annum
Rรผsselsheim am Main
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Senior AML Officer

Key Responsibilities: Analyze customer transactions from an AML/CFT perspective. Process alerts related to transaction screening. Participate in the investigation of alerts. Conduct thorough background checks and screenings (sanctions, PEP, and adverse media) on related parties. Assess the risk levels associated with customers and transactions. Verify the origin of funds and assets, ensuring the legitimacy of transactions. Review financial transactions for unusual, suspicious, and inconsistent activities. Document and report findings to the AML/CFT team coordinator. Assist in improving and testing filtering/monitoring rules. Manage projects related to the implementation of filtering/monitoring rules. Interact with external service providers supporting screening/monitoring tools. Collaborate with other departments to ensure the effective implementation of policies, procedures, and processes, and provide training. Your Profile: Bachelor's or Master's degree in Law, Economics, or Business Administration. 3-5 years of experience in a bank or audit firm, with specific knowledge of local AML/KYC requirements in Luxembourg and relevant regulations like AML-CFT and FACTA-CRS. Knowledge of the private banking sector is advantageous. Strong attention to detail and analytical skills. Proactive, positive, and result-driven approach. Ability to multitask and manage shifting priorities effectively. Excellent interpersonal skills and the ability to collaborate across departments. Fluency in English and French

Negotiable
Luxembourg
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Head of Legal and Compliance

Unternehmen: International tรคtiges Versicherungsunternehmen Ihre Aufgaben: Leitung der Rechts- und Compliance-Abteilung und strategische Weiterentwicklung der entsprechenden Unternehmensfunktionen Verantwortung fรผr Compliance- und regulatorische Themen, insbesondere im Austausch mit Schweizer Behรถrden Beratung der Geschรคftsleitung zu rechtlichen und regulatorischen Fragestellungen Sicherstellung der Einhaltung aller relevanten gesetzlichen und aufsichtsrechtlichen Vorgaben Fรผhrung und Entwicklung eines hochqualifizierten Teams - Managementerfahrung ist essenziell Betreuung komplexer rechtlicher und regulatorischer Projekte mit internationalem Bezug Zusammenarbeit mit internen und externen Stakeholdern auf nationaler und internationaler Ebene Ihr Profil: Zugelassener Rechtsanwalt (m/w/d) in der Schweiz Fundierte Erfahrung im Finanz- oder Versicherungssektor Umfassende Kenntnisse in den Bereichen Regulierung, Compliance und Unternehmensrecht Erfahrung im Umgang mit Schweizer Behรถrden und Regulierungsstellen Nachgewiesene Fรผhrungserfahrung und Fรคhigkeit, ein Team zu leiten und weiterzuentwickeln Hohe Eigeninitiative, unternehmerisches Denken und eine strukturierte Arbeitsweise Verhandlungssichere Deutsch- und Englischkenntnisse, weitere Sprachen von Vorteil Das Unternehmen bietet: Eine strategisch bedeutende Fรผhrungsrolle mit direkter Einbindung in die Geschรคftsleitung Spannende internationale Projekte in einem dynamischen Unternehmensumfeld Attraktive Karriereperspektiven in einem wachsenden Unternehmen Ein modernes, flexibles Arbeitsumfeld mit hoher Eigenverantwortung

Negotiable
Basel
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Market Surveillance Specialist

Job Title: Market Surveillance Specialist Location: London, UK About the Company: Our client is a leading financial services firm specialising in market making and high-frequency trading. Role Overview: We are seeking a highly skilled Market Surveillance Specialist to join our client's growing team in London. This role requires a strong regulatory background and involves monitoring and analysing trading activities to ensure compliance with regulatory requirements and internal policies. Key Responsibilities: Conduct market surveillance across multiple EU & UK regulated entities Monitor and analyse trading activities to detect and prevent market abuse Ensure compliance with regulatory requirements and internal policies Collaborate with internal and external stakeholders to address regulatory issues Provide insights and recommendations to improve market surveillance processes Cover multilateral trading facilities (MTFs), agency execution, trading, and Systematic Internaliser (SI) activities Qualifications: 5+ years of regulatory experience, ideally with FCA experience Strong understanding of market surveillance and regulatory compliance Experience working with multilateral trading facilities (MTFs), agency execution, trading, and SI activities Excellent analytical and problem-solving skills Strong communication and collaboration abilities

Negotiable
London
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Senior Regulatory Counsel

Title: Senior Regulatory Counsel Location: Amsterdam Industry: Private Credit Asset Manager About the Company: This company is a highly reputable Amsterdam-based private credit asset manager focused on emerging markets. The company provides institutional investors the opportunity to make large-scale private credit investments in global development finance, supporting sustainable development across emerging markets, safeguarding ESG risks, and contributing to the achievement of the UN SDGs and Climate objectives. The Role: This position offers a compelling opportunity to gain insights into and contribute to all legal and compliance processes of a pioneering asset manager and its investment funds on behalf of leading institutional investors. The company specializes in SDG-aligned investments primarily in emerging markets by partnering with multilateral development banks and development finance institutions. This provides unique exposure to an international environment dedicated to creating sustainable impact in emerging and developing countries within an ambitious start-up environment. Key Responsibilities: In relation to the funds and their investments: Reviewing and ensuring compliance with fund documentation and assisting in the preparation of all legal documentation with investors, including investor reports and meetings. Reviewing and advising on fund marketing materials, investor communications, and responses to investor inquiries. Performing second-line-of-defense reviews of the fund's investments and engaging closely with the Investment Team in all compliance matters. Assisting the Sustainability Team in ensuring compliance with all sustainability-related regulations and periodically reviewing the fund's sustainability strategy. Advising on all legal and compliance matters pertaining to future fund strategies. In relation to the company management: Assisting on all corporate legal matters pertaining to the company's shareholders and its corporate bodies. Assisting on all legal and compliance matters and projects, including regulatory/supervisory reporting and filings. Reviewing the governance framework and implementing internal charters and policies. Managing all contracts of the company. Performing due diligence analysis and compliance-related investigations and reviews. Monitoring changes in applicable regulations, preparing comprehensive internal research and memorandums, and ensuring internal awareness. Qualifications & Experience: Dutch Law graduate. Master's Degree or LLM program, preferably in Corporate or Finance Law. Excellent academic credentials. At least 5 years of professional experience, preferably at an international law firm, consultancy, or financial institution. Outstanding legal, analytical, and writing skills.

Negotiable
Amsterdam
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Syndikusrechtsanwalt - Corporate

Wir unterstรผtzen derzeit einen unserer Kunden, ein weltweit fรผhrendes Logistikunternehmen, bei der Suche nach einem Syndikusrechtsanwalt (m/w/d). Die Position bietet die Mรถglichkeit, an komplexen und strategischen Projekten mitzuwirken und in einem dynamischen internationalen Umfeld zu arbeiten. Ihre Aufgaben: Rechtliche Beratung als Generalist mit Schwerpunkt auf Corporate M&A, Handelsrecht und idealerweise Transport- und Logistikrecht Begleitung und Umsetzung von M&A-Transaktionen und strategischen Unternehmensentscheidungen Unterstรผtzung bei der Gestaltung, Prรผfung und Verhandlung von Vertrรคgen Zusammenarbeit mit Senior Managern und externen Stakeholdern Sicherstellung der rechtlichen Compliance innerhalb des Unternehmens Ihr Profil: Abgeschlossenes juristisches Studium mit zwei erfolgreich absolvierten Staatsexamina oder Zulassung als Volljurist in Deutschland Erfahrung in einem Logistikunternehmen, einer Anwaltskanzlei oder einem internationalen Unternehmen Fundierte Kenntnisse in Corporate M&A, Handelsrecht und idealerweise im Transport- und Logistikrecht Interesse an strategischen und komplexen Projekten Verhandlungssichere Deutsch- und Englischkenntnisse Hohes MaรŸ an Eigeninitiative, analytischem Denken und Teamfรคhigkeit Was wir bieten: Mitarbeit an spannenden und herausfordernden internationalen Projekten Exzellente Karriere- und Entwicklungsmรถglichkeiten Attraktives Vergรผtungspaket und Benefits Ein modernes, dynamisches und internationales Arbeitsumfeld

Negotiable
Dรผsseldorf
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AML Officer

Our client is a leading global private equity firm, dedicated to investing in and growing innovative companies across various industries. Our client is committed to maintaining the highest standards of compliance and integrity in all our operations. As an AML Officer, you will play a critical role in ensuring our firm adheres to all Anti-Money Laundering (AML) regulations and requirements. With a minimum of 3 years of experience and fluency in French, you will be responsible for implementing and monitoring AML policies and procedures, conducting risk assessments, and ensuring compliance with relevant laws. Key Responsibilities: Develop, implement, and maintain AML policies, procedures, and controls. Conduct thorough risk assessments and due diligence on new and existing clients. Monitor transactions to identify suspicious activity and report any AML concerns. Ensure compliance with AML regulations, including KYC (Know Your Customer) and CDD (Customer Due Diligence) requirements. Collaborate with internal teams to address AML-related issues and provide guidance on regulatory requirements. Stay up-to-date with changes in AML regulations and industry best practices. Prepare and submit reports to regulatory authorities as required. Provide training and support to staff on AML compliance matters. Qualifications and Experience: At least 3 years of experience in AML compliance, preferably within the financial services or private equity industry. Strong knowledge of AML regulations and best practices. Strong knowledge of the funds industry (AIF, Private Equity, Real Estate Funds) Fluent in French and English, both written and spoken. Excellent analytical, communication, and organizational skills. Ability to work independently and collaboratively in a fast-paced environment. Professional certifications such as CAMS (Certified Anti-Money Laundering Specialist) are a plus.

Negotiable
Luxembourg
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AML Director/AML

We have a current opportunity for a BDO AML Director/Consultant on a permanent basis. The position will be based in . For further information about this position please apply.

Negotiable
Frankfurt am Main
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Compliance Analyst

Overview: A leading global investment bank specialises in mergers and acquisitions, capital markets, financial restructuring, and A prominent global investment bank focuses on mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. With a presence across the Americas, Europe, the Middle East, and the Asia-Pacific region, the firm serves a diverse range of clients, including corporations, institutions, and governments. The firm is known for its independent advice and intellectual rigor, which are central to its commitment to client success. Role: The firm is seeking a Compliance Analyst to support various regulatory aspects of its international operations. This role is part of the Legal and Compliance team based in London and involves collaboration with local legal and compliance advisors. The primary focus will be on assisting with and ensuring adherence to the firm's KYC/AML requirements. Additionally, the role involves developing a robust control framework covering a wide range of activities, including compliance monitoring and reporting, compliance with KYC/AML requirements, ongoing monitoring and reporting, and active involvement in systems initiatives and other projects. Responsibilities: Know Your Customer (KYC): Assist deal teams across the firm's business units with the KYC process, including preparation and review, ongoing monitoring, and participation in a project to semi-automate the KYC process. Control Framework: Develop and maintain robust and consistent procedures and controls for the firm's business activities and regulatory programs. Compliance Reporting: Produce periodic compliance, board, and other reports for senior management. Compliance Documentation: Maintain KYC records, relevant sections of Compliance Manuals, Codes of Ethics, AML and financial crime policies, and other policies as required. Recommend and draft updates/revisions as necessary. Training: Assist with the development and roll out of training programs. Systems Initiatives and Projects: Assist with various systems initiatives and other projects as necessary. Regulatory Knowledge: Maintain a competent level of expertise and knowledge of the requirements of the FCA in the UK and other local regulators across international jurisdictions, with the assistance of local legal and compliance advisors. Basic Qualifications: Relevant experience in investment banking compliance or regulatory roles. Strong interpersonal skills and the ability to work with all levels of personnel with a high degree of integrity and maturity. Excellent verbal and written communication skills, with the ability to present ideas and information clearly, logically, and succinctly. A proactive, hands-on, and collaborative attitude is essential, with a readiness to take responsibility and be held accountable. Attention to detail and excellent organisational skills, with the ability to manage multiple priorities simultaneously. Ability to handle multiple tasks and work to tight deadlines/under pressure with limited supervision. Proficiency in Microsoft Office, including Excel, Word, and PowerPoint.

Negotiable
City of London
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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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