Danos Group
06 Apr

Compliance hiring activity accelerated in Q1 2021 across the European markets. Our London recruitment search team have seen an 18% increase in new roles and the EMEA team saw a massive 67% increase compared to the same period last year. All sectors of the Compliance and Financial Crime markets are busy with firms looking to hire at all levels.

2020 was a challenging year for many obvious reasons, but as we previously reported the Compliance and Financial Crime markets remained active both here in London and across EMEA.

The big change we have seen so far in 2021 is that the larger bulge bracket financial services groups are now back in the market looking to hire, predominantly at the AVP/VP levels. Most of the larger firms remained relatively quiet last year, with the exception of a few firms making strategic senior hires. 

Citi, Barclays, Morgan Stanley, SCB, JP Morgan, HSBC, Credit Suisse, and UBS have all been active in the first three months of the year.  Not all have been using agency support, relying on their direct sourcing models and LinkedIn, some having more success than others. It has been recently reported that 63% of hiring managers are worried about how to attract the top talent in a competitive market. Our teams target 100% of the candidate market, we access passive talent and use our extensive networks to recruit the finest expertise for our clients.

Outside of the larger firms we are seeing continued demand across Payments, FinTech, Alternative Asset Management, Private Equity, Brokerage, and Insurance. 

In short, our clients are actively looking to recruit, and we are supporting them, as always, by providing them with the strongest, most diverse candidates to solve their Compliance and Financial Crime needs.

Please do get in touch with Denis Spearman or any of the compliance and financial crime team to discuss your hiring needs or your career and how we can help you find a new role.

25 Mar

In this month’s podcast / video in our “Pathway To Success” series, Isabel Anchebe (Senior Associate, Danos Group) interviews Sabina Khanom, Head of Inclusion at Aviva.

Sabina is an experienced head of diversity and inclusion, who has worked across the private and public sectors. She currently leads the inclusion strategy across Aviva’s international business, to produce more diverse outcomes in how they manage their global workforce, customers, and suppliers.

During this interview Sabina and Isabel discuss…

  • Why is D&I important in the workforce.
  • Whose duty is it to address D&I.
  • What are the biggest misconceptions around D&I.
  • Why firms should take D&I seriously.

And finally, Sabina provides some advice on how firms can attract, promote, and retain diverse candidates.

Click Here To View The Video

Thank you, Sabina, for your time, insights, and advice.

Look out we will be publishing more interviews soon…

25 Mar

As Covid-19 made its way through the global economy in 2020, its effects on the labour market were deeply felt, no one has been unchanged. Like most countries Singapore’s labour market and economic growth has been affected. However, Singapore is working towards recovery, “The Singapore economy is projected to see a gradual recovery in 2021,” reported Gabriel Lim, Permanent Secretary at the Singapore Ministry of Trade and Industry. There are already talent shortages developing in key areas of the Financial Services sector.  

Singapore has dealt with the pandemic extremely well compared to other countries in the region and since June 2020 has been working towards business-as-usual. The demand for talented professionals is rapidly increasing, however the supply is being severely restricted by travel limitations, expat appeal, foreign Work Pass limits, and increased salaries, all of which are making it very difficult for firms to source and secure candidates.

Travel Limitations

The Covid pandemic has significantly reduced and in many cases stopped international travel, which has in turn prevented and completely halted the movement of highly skilled talent.

Expat Workers Returned Home

With the outbreak of Covid many expat workers returned home, and the continued uncertainty around Covid-19 and virus mutations are keeping them at home.

Work Passes For Foreign Employees

Increased level of scrutiny on VISA applications – the Ministry of Manpower (MOM) made changes to the criteria for employers seeking to obtain a Work Pass for foreign employees in Singapore, as they look to the local job market to strengthen the Singaporean core workforce.

Inflated Salaries

In some industries salaries have increased by 25% to 35%, impacted by:

  • Higher minimum qualifying salary for Employment Passes, with a special criteria introduced for the Financial Services sector – from December 2020 the minimum qualifying salary for new applications was increased to S$5,000.
  • Demand for Singaporean and Permanent Resident talent, increased competition and low supply levels are driving up the demand for higher salaries, as candidates negotiate over multiple employment offers.  

The firms that continue to direct source are being held back by job advertising durations, the wrong skilled people applying, and increased competition. Many companies use tools such as LinkedIn to source, but candidates are now receiving so many LinkedIn messages that they simply just do not respond.  If companies are wanting to attract the best talent, they will need to use a headhunter who knows the market very well.

Danos Associates is an experienced headhunting firm, we have been covering the Singapore market for almost 10 years and during that time we have developed exceptional talent networks across Risk and Compliance, enabling us to provide our clients with experienced, talented professionals.

If you are looking to secure the finest talent in a very competitive market, or you would like our advice on the Singapore market, please contact Adnan Maddix today:

Adnan Maddix
Associate Partner, Head of Singapore
Tel: +65 6950 4505
Email: adnanmaddix@danosassociates.com

22 Mar

The Danos Group Webinar – Diversity, Equality & Inclusion In Banking & Finance – Implementing Inspirational Strategies.

Recorded on Thursday 25th February 2021

It is essential for firms to constantly reassess their Diversity and Inclusion (D&I) strategies in order to aim for equality. D&I in the workplace is key for increasing productivity and innovation, which in turn promotes better business performance and growth.

This event was aimed at leaders and managers within the banking and finance sector, where you will have the opportunity to:

• Get involved in the discussion with the most prominent thinkers on Diversity, Equality, and Inclusion in the Banking & Finance industry.

• Gain inspiration from others and discover vital practical strategies to integrate into your business.

• Create and shape your own D&I strategy to contribute to your business’ efficiency and development.

Click Here to View The Event Recording –
https://youtu.be/aDpGSEtwm8U

THE PANEL:

Grant Potter (Event Host): Partner, Head of Americas (USA)

Peter Umesi (Event Host): Associate Partner, Head of European Risk (UK)

Robyn Grew: Group Chief Operating Officer, & General Counsel for Man Group.

Oluchi Ikechi: Managing Director (Partner), Business Restructuring & Innovation, Capital Markets Accenture UKI.

Brenda Trenowden CBE: Partner, Diversity & Inclusion Consulting Leader, PwC.

We realise we have the power as a recruitment company to actively influence the inflow of under-represented groups into the sector we service, thereby helping to advance the Diversity, Inclusion and Equality agenda.

To find out more, please contact us, email: diversity@danosassociates.com

08 Mar

We are celebrating International Women’s Day and we are striking the #ChooseToChallenge pose, to show our commitment to choose to challenge inequality, call out bias, question stereotypes, and help forge an inclusive world.  

Click Here To View The Video

We realise we have the power as a recruitment company to actively influence the inflow of under-represented groups into the sector we service, thereby helping to advance the Diversity, Inclusion and Equality agenda.

To find out more, please contact us, email: diversity@danosassociates.com

#IWD2021 #ChooseToChallenge #DanosGroup #DanosAssociates # DanosConsulting #Equality #DiversityandInclusion    

01 Mar

In this month’s podcast / video in our “Pathway To Success” series, Katherine Lord (Partner, Head of Danos Consulting) interviews Russell Weekes an experienced contractor within compliance and risk. Russell has over eight years’ contracting experience, working on key projects, and leading interim senior management roles. During this interview Russell and Katherine discuss…

  • Most important advice you would give any professional looking to contract?
  • What are the biggest differences of contracting in comparison to working in a permanent role?
  • How to overcome the challenge of building your own brand / personal name in the market?
  • What have you learnt most about contracting in a personal or professional capacity?

Russell talks about the different types of contract roles, and what he most likes about contracting. Finally, Russell provides his top contracting advice.

Click Here To View The Video

Thank you Russell, for your time, insight, and advice.

Look out we will be publishing more interviews soon…