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Danos Group is a leading provider of permanent and interim Compliance, Risk and Legal recruitment services in the Financial Services arena across EMEA, the Americas, and APAC.

We pride ourselves on being able to match talent not just to the requirements of the role, but also to the style of the organisation.

Danos Associates is a leading contingency and search firm specialising in mid to senior level permanent hires across the Financial Services sector.  We deliver a personalised, discreet recruitment and selection service to an elite client base across a global market.

As one of the leading Legal, Risk and Compliance recruitment agencies we deliver top quality professionals to financial services firms...

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Danos Consulting provides experienced Legal, Risk and Regulatory interim and consultancy professionals to the Financial Services sector including consultancies. With an unparalleled talent network, we provide experienced, first class practitioners cost effectively.

We have a bench of over 800 Compliance, Risk and Legal Consultants, which we use to resource projects...

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EMEA
Asia Pacific - Singapore
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Offices

Danos Associates is the leading global supplier of professionals with offices in Europe, the Americas, and Asia Pacific.

EMEA
London

AMERICAS
New York

ASIA
Hong Kong
Singapore

Danos Group Launches Its Global Diversity & Inclusion Committee

 

Diversity

 

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21 Jan

The Danos Group is pleased to announce an exciting partnership with Leadership Through Sport & Business (LTSB), a social mobility charity that prepares and supports bright young people from disadvantaged backgrounds into meaningful roles within Business and Finance, and Digital / Technology.

Commenting on the announcement, the Danos Group Global Managing Partner Dominic Danos stated, “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 and inclusion agenda. As a sector it is important that we address the under-representation of minority groups and ensure a career in the financial services industry is appealing to the next generation of professionals.”

“We admire LTSB for focusing on those young people from underprivileged backgrounds, by delivering them a dedicated program and the support to enable them. As recruitment and market experts, we know we can help support these young people with practical advice and guidance. Our senior managers will be mentoring young people on the LTSB program, and as a group we are committed to fundraising on their behalf. We will also promote the LTSB apprenticeship scheme to our clients and networks to increase the hiring of young people.”

“This is a great opportunity for the Danos Group to be involved in partnering with a charity that gives young professionals great equal opportunities and allows them to fulfil their potential.”

This is the start of a great partnership between the Danos Group and LTSB, a demonstration of how organisations in collaboration can join their experiences and expertise to benefit others.

“We feel truly honoured to have been chosen as a Charity Partner for the Danos Group, who have shown such interest and commitment to helping us achieve our Vision. We connect young people from disadvantaged backgrounds to meaningful careers and wider professional experiences and with the help of the Danos Group we are able to create more of these life changing opportunities. We are inspired by the generosity that the Danos Group has shown to LTSB and are excited about furthering our relationship in the future, which we know will unlock more opportunities for young people to flourish”Paul Evans, CEO at LTSB.

To mark the start of this partnership, on the 21st January 2021, the Danos Group launch the “Danos Group 2021 Challenge for Charity”. For the next 21 days the Danos global team will be taking part in 21 challenges, including 21 mile cycle, 2.1 mile run, 21 mins of meditation, and 21 cake bakes, follow our progress on LinkedIn or Twitter.  

We are raising money for the Leadership Through Sport & Business charity if you would like to donate visit https://www.justgiving.com/fundraising/danos-group.

18 Jan

Results of a Compensation and Workforce Trends survey that captured responses from over 1,150 hiring decision makers, managers and above, revealed how employers have coped with the COVID-19 pandemic regarding talent management.

According to the survey, 70% of organisations who have furloughed or laid off employees during the COVID-19 pandemic will back-fill the roles that were eliminated, with nearly 9 in 10 of those saying they will do so in less than a year.

Making decisions about furloughs or lay-offs and reprioritising what skills are needed for a firm is not always easy, often hard decisions need to be made. During this time of uncertainty interim hiring can provide a flexible solution for managers. Danos Consulting can onboard contractors within 48 hours, with full compliance and referencing checks, completed to tier one financial banking standards, providing a quick and expert solutions when needed.

According to the report, during the COVID-19 pandemic it was reported that adaptability/creativity, critical thinking/problem solving, and financial management have become essential skill sets for firms to have. To help meet the increased need for specific skill sets, 45% of respondents indicate that their organisation is upskilling current employees, followed by 35% who are reskilling current employees to be redeployed.  However, over 1 in 4 decision makers are looking outside of their organisation to meet the need for increased skills – 28% are bringing in consultants and 27% are bringing in contingent workers.  Danos Consulting has an established bench of over 1,500 Consultants & Interim Contractors, these experienced practitioners can be deployed quickly, and at affordable costs. 

As all types of professional industries adapted to remote working, the survey revealed that 37% of respondents’ organisations previously opposed flexible and/or remote work, but now promote it. The change in attitude is helping them plan for the future with more flexible work options for employees. The majority of the Danos Consultants and Contractors are currently working remotely. We work with our clients to ensure that new hires are successfully onboarded. Our close candidate management during the selection and onboarding process continues through the assignment, enabling us to provide reliable support when our clients need it most.

“We have used Danos Consulting many times to hire previously and trusted their recommendations on contractor hiring. The onboarding of a candidate was achieved within 48 hours as requested and we are pleased to have had the extra onboarding support from Danos at this difficult time,” Head of Compliance, Asset Management.

“A prime example of how recruitment in an ever changing and dynamic environment can still be executed efficiently and swiftly.  Danos Consulting team facilitated a streamlined and adapted recruitment process to support the financial services industry being thrust into uncharted territory, whilst still meeting the high standards required by their clients.  Very impressed by the team’s work ethic and diligence in making ‘virtual’ recruitment an entirely seamless and successful experience,” Compliance Consultant, Private Equity.

2020 was not been a typical year for anyone, it has shown how resilient professional organisation can be. It is positive to see that the market is looking optimistic about the future, and that hiring will maintain all round and grow in some areas. Danos Consulting is a specialist financial services consultancy firm. With an unparalleled talent network of Compliance, Risk, and Legal experts, we provide experienced, first class practitioners. If you are looking for a flexible solution contact Katherine Lord, Partner and Head of Danos Consulting | + 44 (0) 207 010 1153 | Email: klord@danosconsulting.com.


Source: 2021 Compensation & Workforce Trends Survey (October 2020).

16 Dec

Last Month the United States (US) and the world watched with bated breath as Vice President Joseph R. Biden, Jr. was declared the winner of the US presidential election. While President Donald Trump has yet to concede and continues to make his case in court, all 50 states have now certified Biden as the winner, and it is a foregone conclusion that we will have a new administration deciding the course of action for the next four years. As we look ahead, we thought we would take a bit of time to speculate on what this will mean for Financial Services from a Regulatory standpoint and what impact this will have as far as growth in Compliance and Risk over the next four years.  

Speculation as to what the Biden Administration will do really revolves around two paths: will this be the centrist leaning, coalition-building Biden like his track record suggests or will his administration lean towards the left and embrace the burgeoning progressive wing of the Democratic Party? So far, with nominees to his Cabinet as well as through comments to the press suggest that Biden will be making a serious effort to build a centrist coalition, inviting ideas from both the right, and left of the political divide. It is also worth noting that with, at best a 50/50 Senate, Biden’s hands will likely be tied as far as significant pieces of legislation or enforcement actions will go.  

Increased Regulation?  

The big question every financial institution is asking themselves right now is what this new Administration will mean as far as regulation goes. It is no secret that past Democratic administrations tended to focus on increased regulatory oversight; Obama’s administration gave us transformative legislation in Dodd-Frank and the CFPB (Consumer Financial Protection Bureau), as two examples. What will be interesting to watch is to what extent might Biden’s team might go in building on those policies. Under Trump, the SEC (Securities and Exchange Commission) maintained a very strong enforcement program and it is expected that the Biden Administration will continue that approach, with a particular focus on financial institutions and Wall Street. We do know that former CFTC (Commodity Futures Trading Commission) chair Gary Gensler is part of Biden’s transition team and is reportedly a potential nominee to head up the SEC, it also could be a signal to expect a tougher enforcement approach across all regulatory agencies. Biden has already said that his SEC will push ESG (Environmental, Social and Governance factors) and climate change related risk alerts, guidance, and rulemaking, very likely requiring companies to disclose how these risks affect their bottom line. As a result, familiarity with ESG rules and regulations will be in high demand for the foreseeable future.    

Regardless of what happens with the SEC, it is extremely likely that there will be new leadership at the Department of Justice which will mean more aggressive enforcement on financial and corporate fraud, especially fraud related to Pandemic and recession related trends. It is also reasonable to assume that there will be a renewed focus on FCPA (Foreign Corrupt Practices Act), sanctions, cyber-crime, and AML (Anti-Money Laundering) related actions. In turn, this would likely mush a push for bolstering AML and Financial Crime teams in large and small financial institutions.  

Much has been made of Biden’s pick for Secretary of Treasury, Janet Yellen. If her tenure as Chair of the Federal Reserve is any indication, this could be great news for economic recovery. Yellen enjoys broad support among investors as they are familiar with her body of work: the economy boomed during her tenure at the fed from 2014 – 2018. She is also shown a willingness for big enforcement actions. Yellen’s final act at the Fed was imposing sanctions against Wells Fargo. If nominated as Treasury head, we expect a similar path. Expect to see increased hiring as a result from the big banks.  

Biden has also suggested the creation of a Public Credit Reporting Agency which would compete directly with the three major credit reporting bureaus. If created, that would be seismic shift in how credit reporting works. Under the proposal, a new task force would be created within the CFPB and federally backed lenders, including mortgage originators, would be required to use the new agency’s reports to evaluate applicants for credit.   

Of course, all of this is speculation at this point, but one thing remains clear: the incoming Biden Administration will likely build upon the work of the last Democratic administration, of which Biden was obviously a part of. This will likely mean increased scrutiny of the financial services sector, with a key emphasis on its impact on the consumer. We expect the industry to respond with increased hiring across all areas including Financial Crime, Advisory, and Surveillance.  

Citations:  

https://www.complianceweek.com/regulatory-policy/bidens-sec-set-to-require-disclosure-of-esg-climate-change-risk/29788.article

https://www.complianceweek.com/regulatory-policy/cfpb-under-biden-will-likely-get-new-director-new-direction/29699.article

https://www.clearyenforcementwatch.com/2020/11/what-to-expect-from-the-biden-administration/

https://fortune.com/2020/11/07/president-biden-business-taxes-unions-regulations-public-option-infrastructure-tariffs-immigration/

https://www.americanbanker.com/news/industry-bristles-at-biden-proposal-for-public-credit-reporting-agency

https://www.cnn.com/2020/11/23/business/janet-yellen-treasury-joe-biden/index.html