Hiring 5 Critical Leadership Roles in 3 Months for a Global Finance Firm

When a renowned global financial services organisation was seeking to grow and strengthen its Risk function across its US offices, its leadership team knew that they needed a team of experts. As Risk is such a dynamic industry, they recognised that a key requirement would be to have a leadership team comprised of Risk Management experts who could bring new and innovative ideas and perspectives to their department. Traditional hiring and recruitment methods were not producing the desired outcome. After finding it challenging to identify and retain the candidates they needed, the firm engaged Hanover to develop a solution for their talent acquisition goals.

When Hanover was engaged for this assignment, they quickly assessed that the strongest approach would be to develop a 'search in reverse', with the objective of cultivating a robust and powerful pipeline of Risk Management professionals. Understanding that for the Risk function to be its most progressive it would be necessary to be flexible with organisational structure and roles, Hanover proposed conducting a broad-reaching market mapping exercise to identify and engage the top Risk Management leaders in the client's primary locations of operation. Once these individuals were identified, Hanover shared their details with the client, who in turn could assess whether or not they had an open role that would be a suitable match - or if they could create a new position that would both better fit the candidate and also push their organisation in a forward direction.

Using this approach, Hanover's in-house research division was able to conduct an extensive mapping project that encompassed Risk Management experts across the entire sector and country. Critical to the success of this mandate was establishing a candidate pool aligned to the client's aim for a truly diverse and inclusive leadership team, ensuring individuals from underrepresented backgrounds were engaged and given equitable consideration. Over the course of this assignment, Hanover engaged with over 125 leaders in the field, and within a single quarter supported the successful hiring of five Risk Management leaders into critical roles.