Compliance

Compliance

Compliance Jobs

Financial Crime Manager

Title: Financial Crime Manager Location: Amsterdam The company: At our company, we're passionate about leveraging digital innovation to drive positive change in businesses worldwide. With a focus on cutting-edge technology and optimization strategies, we provide leading digital solutions across Consulting, Design, Cloud, Data, and Engineering. Through our FinLabs, we continuously research and develop solutions for modernization, spanning from Blockchain and Artificial Intelligence to Data Science models and mobile-first applications. With over 20 years of experience, we've been recognized as a top employer operating in 48 offices across 19 countries. The role: As a Financial Crime Manager within our Client Lifecycle Management practice, you'll serve as a trusted advisor to our clients, addressing various areas of Financial Crime. You'll tackle the complex challenges faced by financial institutions and society due to these crimes. Responsibilities: Analyze the impact of regulations on customer onboarding and evaluate onboarding policies. Conduct entity and/or customer risk analysis procedures. Optimize customer data and assess and rationalize customer portfolios. Select and implement KYC Utility suppliers and define Operating Models. Contribute to the development and expansion of the CLM practice by publishing articles, developing propositions, and sharing knowledge. Participate in creating long-term visions and identifying new business opportunities. Guide junior colleagues on projects and in their personal development. Contribute to innovative solutions through Accelerator programs and knowledge sharing. Skills & Qualifications: 5+ years of consultancy experience in Financial Services with a focus on Financial Crime. Ability to translate business, customer, and regulatory requirements into solutions. Passion for consultancy and change management. Experience in project management, remediation projects, and system implementation is advantageous. Knowledge of relevant regulatory frameworks Strong planning, execution, and reporting skills. Excellent oral and written communication skills in Dutch and English.

Negotiable
Amsterdam
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Senior Consultant Regulatory Compliance

The Company: We are a global leader in providing innovative solutions and consultancy services to the financial sector, empowering clients to navigate complex regulatory landscapes with confidence. With a strong emphasis on diversity and inclusion, we foster an environment where every individual's unique perspective is valued. Our commitment to excellence and continuous improvement has earned us recognition as one of the top workplaces in the industry. Join us and be part of a dynamic team dedicated to shaping the future of finance. The Role: As a senior consultant, you'll analyze client business processes to ensure compliance with relevant laws and regulations in the financial sector. Your expertise will guide financial institutions in adjusting policies and processes, minimizing risks and reputational harm while maximizing opportunities for growth. Collaborating with your colleagues, you'll play a pivotal role in implementing digital transformation projects. Responsibilities: Mapping out customer business processes to assess regulatory compliance. Advising financial institutions on necessary adjustments to ensure compliance with laws and regulations. Actively participating in the implementation of digital change projects. Collaborating with senior colleagues to provide guidance and support. Demonstrating to clients how regulatory compliance can create opportunities for growth and innovation. Skills & Qualifications: University degree 4+ year's experience in financial services Familiarity with financial markets and regulatory sub-areas Knowledge of financial legislation Experience in consultancy and/or organizational change Tech-savvy with consultancy experience Excellent verbal and written English skills, Dutch language proficiency is an asset

Negotiable
Amsterdam
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Senior Finanzexperte - Steuer Management

๐ŸŒŸ Spannende Mรถglichkeit in einer renommierten internationalen Bank! ๐ŸŒŸ Sind Sie ein erfahrener Experte fรผr Finanzmanagement (Steuerwesen), der eine dynamische Rolle in einer renommierten internationalen Bank sucht? Suchen Sie nicht weiter! Wir suchen derzeit nach einem Senior-Experten fรผr Finanzmanagement (Steuerwesen) fรผr eine der fรผhrenden Banken in Deutschland, die sich der Bereitstellung innovativer Finanzprodukte und -dienstleistungen mit einem Fokus auf Nachhaltigkeit und Transparenz verschrieben hat. Position: Senior-Experte fรผr Finanzmanagement (Steuerwesen) Standort: Frankfurt, Deutschland Beschรคftigungsart: Vollzeit Hauptverantwortlichkeiten: Mitarbeit bei der Erstellung von E-Bilanzen und Steuererklรคrungen. Verwaltung steuerbezogener Aktivitรคten innerhalb der Bank. Unterstรผtzung bei der Erstellung von Steuererklรคrungen (Kรถrperschafts-, Handels- und Mehrwertsteuer) in Zusammenarbeit mit externen Beratern. Teilnahme an der Erstellung von monatlichen/jรคhrlichen Steuererklรคrungen. Unterstรผtzung bei internen und externen Prรผfungen. Beitrag zu Projekten zur Verbesserung der Prozessentwicklung. Anforderungen: Bachelor-Abschluss oder hรถher in Betriebswirtschaft, Finanzen oder einem verwandten Bereich. 3-4 Jahre Berufserfahrung in der Steuerabteilung einer Bank. Beherrschung verschiedener steuerlicher Themen (z. B. CRS, FATCA, Kรถrperschaftssteuer, Umsatzsteuer, Gewerbesteuer usw.). Umfangreiche Kenntnisse im nationalen und internationalen Steuerrecht. Fortgeschrittene Kenntnisse in Excel und Buchhaltungssoftware-Anwendungen. Starke Kommunikationsfรคhigkeiten und Teamfรคhigkeit. FlieรŸende Deutsch- und Englischkenntnisse, Tรผrkischkenntnisse von Vorteil. Werden Sie Teil unseres Teams und einer Organisation, die sich der Nachhaltigkeit und kundenorientierten Banklรถsungen verpflichtet fรผhlt. Wenn Sie bereit sind, den nรคchsten Schritt in Ihrer Karriere zu machen und einen bedeutenden Beitrag zu leisten, bewerben Sie sich jetzt! Bitte senden Sie Ihren Lebenslauf und Ihr Anschreiben an [E-Mail-Adresse des Recruiting-Unternehmens] mit dem Betreff "Bewerbung als Senior-Experte fรผr Finanzmanagement (Steuerwesen)". Wir freuen uns darauf, Sie in unserer angesehenen internationalen Bankfamilie willkommen zu heiรŸen! ๐ŸŒ๐Ÿ’ผ

Negotiable
Frankfurt am Main
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Senior Compliance Officer

Title: Senior Compliance Officer Location: Amsterdam About: This pioneering crypto firm dedicated to revolutionising the digital asset landscape, with the goal of becoming the number one ecosystem of crypto investments, is seeking a Senior Compliance Officer. With a dynamic team spread across various locations, they have a large focus on ethics and integrity, prioritising investor protection and knowledge sharing through innovative events. Join them in shaping the future of decentralised finance with their no-code token management software and comprehensive ecosystem. The Role: Advising on laws and regulations as well as exchange rules. Responding to requests from exchanges or regulators. Liaise with Legal and other functions to ensure correct interpretation and enforcement of laws and regulations. Analysing regulatory developments that have an effect on the markets and the products in which the company offers to identify both risks and opportunities. Advising new business project teams. Assistance with regulatory assessments and audits. Tour skills & Qualifications: 5+ years of experience within a regulatory environment. Knowledge of relevant legislation that applies to an algorithmic proprietary trading company/market maker such as MiFID, MiCAR, MAR, and EMIR. Knowledge of financial markets and preferably derivative products (futures, options). Ability to act and perform well in a fast-paced environment. Responsible, self-starting professional with strong analytical skills and who is results orientated. Excellent written and verbal communication skills in English. (Dutch language abilities being an asset).

Negotiable
Rotterdam
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AML Compliance Officer

A corporate banking group with a broad range of financial institutions in their portfolio is seeking a compliance officer to further strengthen the bridge between the front and middle/back office. Key Responsibilities: AML Compliance: Implement and maintain robust AML policies, procedures, and controls in accordance with regulatory standards and industry best practices. Client Onboarding: Oversee the onboarding process for new clients, conducting thorough due diligence and KYC (Know Your Customer) checks to verify the legitimacy of clients and mitigate potential risks. Ongoing Monitoring: Continuously monitor client transactions and activities to identify any suspicious behavior or potential red flags indicative of money laundering or other illicit activities. Review and Analysis: Conduct comprehensive reviews and analysis of client accounts, transactions, and documentation to ensure compliance with AML regulations and internal policies. Checking the delivery and delivery of securities and virtual assets including chain analysis Qualifications: Experience in Financial Services Compliance. Strong communication skills both internally and externally. Demonstrated experience with the regulations SPG, AML, AIA, and FATCA. Fluency in English and German.

Negotiable
Principality of Liechtenstein
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VP Compliance Officer

Title: VP Compliance Officer Location: The Netherlands The Company: We are a prominent provider of fund services, corporate governance, and related asset services, operating globally with a significant presence spanning across 80 offices worldwide. Managing assets totalling over $1.8 trillion, our commitment to delivering comprehensive solutions and exceptional service remains unparalleled. The Role As a key member of our Global Compliance team, you will collaborate closely with internal stakeholders and cross-functional teams to support operational excellence and facilitate goal achievement. Reporting directly to the Divisional Head of Group Compliance, you will play a pivotal role in implementing compliance frameworks across the Division, with a primary focus on the Netherlands. Responsibilities: Collaborate with internal teams to implement compliance frameworks. Advise on compliance matters such as AML, data protection, and corporate governance. Analyse and report suspicious transactions. Develop and update policies. Prepare compliance reports for the board. Enhance compliance reporting with analysis of metrics. Represent Compliance in key committees. Coordinate compliance training. Work with local management in the coordination and delivery of compliance related training across the business. Requirements: 5+ years in compliance, preferably in asset management or banking. Strong understanding of Dutch regulations. Master's degree or equivalent. Strong analytical and problem-solving skills. Excellent communication and interpersonal skills. Ability to work independently and in a team. Global firm experience preferred. Previous interaction with regulatory bodies advantageous. If this sounds like you and you want to be part of an elite team, please do not hesitate to apply!

Negotiable
Amsterdam
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Bilanzbuchhalter (m/w/d)

Hauptbuchhalter/Bilanzbuchhalter (m/w/d) Wir suchen einen Hauptbuchhalter/Bilanzbuchhalter (m/w/d) fรผr unsere Unternehmenszentrale in Amerang. Ihre Aufgaben: - Betreuung von ambulanten und stationรคren Einrichtungen in der Hauptbuchhaltung - Erstellung von Monats- und Jahresabschlรผssen nach HGB - Buchung des Anlagevermรถgens - Ansprechpartner fรผr interne und externe Partner - Erstellung von Umsatzsteuervoranmeldungen - Abstimmung von GuV und Bilanzkonten - Analyse und Abstimmung der Lohnkonten - Mitwirkung bei der Weiterentwicklung von Prozessen in der Finanzbuchhaltung Ihre Qualifikation: - Abgeschlossene kaufmรคnnische Berufsausbildung - Zusatzqualifikation zum Bilanzbuchhalter (m/w/d) oder mehrjรคhrige Berufserfahrung - Gute Kenntnisse von SAP-FI/CO und Microsoft Office - Selbststรคndige und zielorientierte Arbeitsweise - Teamplayer mit Kommunikationsstรคrke Unser Angebot: - Verantwortungsvolle und abwechslungsreiche Aufgabe in einem zukunftssicheren Unternehmen - Leistungsgerechte Vergรผtung mit betrieblicher Altersversorgung - Flexible Arbeitszeiten - Monatliches Gehaltsextra durch Aufladung einer MasterCard - Mitarbeitervergรผnstigungen und subventioniertes Mittagessen - Individuelle Weiterbildung und Entwicklung durch interne und externe TrainingsmaรŸnahmen

Negotiable
Deutschlandsberg
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Ethics & Compliance Manager

If you embody core values of Trust, Care, Innovation, and Pride, have a legal background, and relevant experience, we want to hear from you! Key Responsibilities: From embedding legal standards into operations to conducting investigations, you'll play a crucial role in safeguarding our interests and reputation. Your responsibilities will include: Managing the primary reporting mechanism for ethical concerns. Conducting corporate investigations as needed. Mitigating legal and regulatory risks through third-party due diligence. Promoting ethical awareness via Ethics & Compliance Champions Network. Managing risks associated with bribery, corruption, modern slavery, and human rights. Ensuring awareness of conflicts of interest and appropriate management. Your profile: Proficiency in English and German is a must, and fluency in French is a plus(not necessary). Possession of a Law Degree is required. Prior experience in the Public Sector is preferred. Ability to cultivate robust collaborative partnerships and offer precise guidance to managerial staff. Proven track record in implementing effective compliance and ethics programs within sizable and intricate organizations. In-depth understanding of crucial compliance regulations and laws within European jurisdictions. Relevant experience conducting investigations is essential. Capacity to think strategically and harmonize long-term goals with immediate objectives. Effective communicator, both verbally and in writing, with persuasive skills. Join our client's in a supportive and professional environment that values work-life balance. Contribute to delivering public services across Belgium and beyond.

Negotiable
Brussels
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Compliance & Risk Manager

Title: Compliance & Risk Manager The company: We are a leading global IT consultancy, driving essential projects that impact millions of lives daily. Our clientele includes governmental bodies, financial institutions, aerospace firms, infrastructure entities, and energy conglomerates. We offer stimulating projects where you can make a tangible difference alongside our diverse and talented colleagues. The role: As a Risk & Compliance Manager, you'll be integrated into the Insurance unit within the Financial Services sector. This sector is dynamic, with insurers and pension providers encountering significant challenges such as pension scheme transformation and heightened customer expectations. Concurrently, cost management, leveraging data science, digitalization, and navigating increasingly stringent legislation and regulations are pressing concerns requiring resolution. Skills & Qualifications: You have experience with DNB and AFM supervision, including information security You are proficiency in audits You have knowledge of IT risk management, preferably CRISC certified You are familiar with compliance frameworks and standards You understanding of GDPR and cloud compliance You hold abilities in drafting contracts and conducting risk assessments You have expertise in setting up control frameworks for audits You are fluent in Dutch and English Benefits: Collaborating within small, self-managing teams of experts Autonomy over your career development Engagement with cutting-edge technologies Competitive salary and appealing benefits package Immediate permanent employment Flexible part-time arrangements Potential to become a company shareholder

Negotiable
Rotterdam
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Senior Compliance Advisor - MiFID and Market Abuse

Role: Senior Compliance Advisor Location: Luxembourg Salary: Competitive and Candidate Dependent We are currently representing an international private bank with over 10,000 employees across 4 countries. Our client has a total asset of over โ‚ฌ80 billion, and is continuing to grow and strengthening their presence in Europe. The Candidate Identify compliance risks and assess impacts on various bank activities; conduct gap analysis and propose solutions Develop and review MiFID-related policies and procedures Evaluate effectiveness of first-line controls and manage compliance risks for MiFID, Governance, Market Abuse, etc. Stay updated on relevant legislations and regulatory developments Monitor implementation of MiFID processes and procedures Prepare concise compliance monitoring reports and communicate findings Design new controls, communicate findings and action plans to stakeholders, and ensure follow-up Operate Market Abuse Surveillance system and assist in lodging STOR for suspicious transactions Coordinate with internal and external parties on MiFID/Market Abuse compliance matters The Role At least 4-5 years of direct regulatory compliance experience, preferably in a bank or consulting firms Bachelor's degree in business management, law, or equivalent; master's degree preferred Good knowledge in MiFID and Market Abuse regulations, with expertise in investor protection and capital markets transparency Proficient in computer skills, comprehensive understanding of Luxembourg financial sector laws and regulations Attentive to detail, excellent organizational, analytical, and logical abilities Fluency in English & French, other European languages will be a plus

Negotiable
Luxembourg
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Senior Group Controller (m/w/d)

Stellenanzeige: Senior Group Controller (m/w/d) Unternehmen: Eine groรŸe deutsche Landesbank Standort: Frankfurt am Main Aufgaben: Analyse betriebswirtschaftlicher Entwicklungen und Zusammenhรคnge von Geschรคftseinheiten, Produkten und Kunden Bereitstellung fundierter Analysen und Steuerungsimpulse fรผr Stakeholder Weiterentwicklung der operativen Planungsprozesse und Bindeglied zur strategischen Planung im Bereich Finance Entwicklung strukturierter Lรถsungen fรผr ad hoc-Anforderungen und Vorantreiben des Umsetzungsprozesses Konzeption und Implementierung bereichsรผbergreifender Prozesse zur methodischen Weiterentwicklung der Geschรคfts- und Kostensteuerung Anforderungen: Abgeschlossenes Hochschulstudium in BWL/VWL oder eine vergleichbare Ausbildung Langjรคhrige Berufserfahrung im Controlling und der Projektarbeit Profunde Kenntnisse in SAP-basierten Bankapplikationen und in der fachlichen Weiterentwicklung von IT-Systemen Analytische und konzeptionelle Arbeitsweise sowie die Fรคhigkeit, Ergebnisse klar zu kommunizieren Ein Auge fรผr Details und die Fรคhigkeit, auch in einem dynamischen Umfeld zielgerichtete, adressatengerechte Ergebnisse zu generieren Bereitschaft, Verantwortung im Team zu รผbernehmen und ein bereichsรผbergreifendes Netzwerk aufzubauen Warum Sie sich bewerben sollten: Diese Position bietet Ihnen die Mรถglichkeit, in einem dynamischen Umfeld zu arbeiten und einen bedeutenden Beitrag zur Weiterentwicklung unserer Geschรคfts- und Kostensteuerung zu leisten. Sie werden Teil eines engagierten Teams sein, das Wert auf Zusammenarbeit und gegenseitige Unterstรผtzung legt. Darรผber hinaus bieten wir attraktive Vergรผtungs- und Entwicklungsmรถglichkeiten. Wenn Sie Interesse an dieser herausfordernden Position haben und die Anforderungen erfรผllen, bewerben Sie sich gern auch unter: . Selby Jennings ist ein fรผhrendes Personalberatungsunternehmen im Bereich Finanzdienstleistungen, das Kandidaten und Unternehmen zusammenbringt, um erfolgreiche Karrieren und langfristiges Wachstum zu ermรถglichen. Besuchen Sie unsere Website, um mehr รผber uns zu erfahren und weitere spannende Karrieremรถglichkeiten zu entdecken.

ยฃ100 - ยฃ101 per annum
Frankfurt am Main
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Senior Compliance Officer

Responsibilities: Serving as the primary liaison for Relationship Managers and internal team members on compliance issues, while reviewing client files to evaluate adherence to regulations such as KYC, AML/CFT, sanctions, bribery, corruption, and tax integrity. Establishing and enforcing compliance controls within designated timeframes, which involve thorough documentation and reporting of discoveries to senior management and other internal parties. Formulating and upholding internal policies, protocols, and standards to uphold conformity with overarching group directives. Participating in the development and execution of employee training initiatives focused on compliance. Requirements: University degree in law, business administration, or a related field, preferably attained in Switzerland. Having compliance certifications is advantageous. A minimum of 5 years of experience in compliance, risk management, and/or audit roles, preferably within the domain of Swiss Private Banking. Thorough familiarity with Swiss and/or European regulatory frameworks, encompassing AML/CFT, FACTA/CRS, investment suitability, cross-border transactions, market abuse, sustainability, and other pertinent compliance concerns. Demonstrated capability to effectively manage multiple tasks concurrently, maintaining precision and attention to detail. Proven ability to collaborate seamlessly with diverse business units and operate across various geographical locations. Fluency in both German and English is indispensable, with a strong preference for proficiency in Dutch.

Negotiable
Zurich
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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
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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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