Head of Compliance – SMF16
Head of Compliance is the most senior Compliance title in most Financial Services organisations – and as such recruiting the right one is of the utmost importance in running a successful regulated business. Holding the SMF16 senior management function means that Heads of Compliance are the individuals with overall responsibility for ensuring their firm is fully compliant with all regulatory requirements.
Kind Consultancy was approached by the Chief Risk Officer of a growing challenger bank which was seeking to identify a new Head of Compliance following the previous incumbent moving on from the business.
The Kind team had a face-to-face meeting with the CRO, taking a full brief of the role and building an understanding of the expectations for the Head of Compliance as an individual and how they fit into the bank’s wider business plans. We used all of this information to help the client draw up a detailed role profile.
We then set to work utilising a mix of methodologies to map the market and identify a list of relevant individuals who met client specifications and were at the top of their game in Compliance, including individuals currently holding the SMF16 responsibility at some of the bank’s closest competitors and other comparable organisations.
The Kind team confidentially approached these candidates, and discussed their experience and skillset but also their individual motivations and long term career aspirations – making sure we were only moving forward with candidates who had held SMF16 and wanted to do so in their next role. We submitted a shortlist of 4 candidates who had the relevant expertise, but who we also knew were personally aligned with the values and goals of the bank.
We supported our Head of Compliance candidates and the client throughout the interview process, and following a second stage interview an offer was made to and happily accepted by one of our candidates. We continued to check-in with our candidate and client, throughout their probation period to ensure both parties are fully satisfied with the placement.
