Today’s businesses are facing off against a complex risk environment comprised of threats from several unfamiliar areas, including natural catastrophes, climate change, and political violence.
Prudential risk managers are proving invaluable in developing the lines of defence and enablement required to pilot a firm in 2024. Geopolitical tensions look set to rise, and despite a moderate economic growth forecast, the global economy still teeters on the brink of recession.
Firms are well-positioned to thrive in this environment if they can:
Invest in robust risk management capabilities: This includes building a team of experienced prudential risk managers and cultivating a culture of proactive risk identification and mitigation.
Build Operational Resilience: Developing contingency plans and focusing on adaptability is paramount in today’s evolving risk landscape.
Invest in talent: Upskilling and continuous training is the key to navigating candidate shortages, building a sustainable talent pipeline, and implementing new technologies.
Explore strategic partnerships: Collaboration is on the rise (partly thanks to the increasing internationalisation of the financial services space), and firms will need to follow the trend to successfully traverse the interconnected threat landscape.
Facilitate knowledge transfer: A lack of understanding is a critical stumbling block in the current era, with AI integration being a prime example. Many boards lack the technical and regulatory knowledge required to pilot the tech transformation – overcoming this will demand more transparent communication and the facilitation of knowledge transfer.
If you’re hoping to build out a Prudential Risk function for the first time, it’s important to prioritise the right roles:
Chief Prudential Risk Officer (CPRO): Sets the strategic direction for the entire prudential risk management function. Oversees the development and implementation of a robust framework, ensuring regulatory compliance and fostering a proactive risk identification and mitigation culture across the organization.
Prudential Risk Area Managers: Lead specific prudential risk areas, conducting complex risk assessments and managing teams of Risk Analysts. These leaders play a crucial role in upholding the firm's risk tolerance and ensuring effective risk identification, measurement, and mitigation strategies.
Risk Assessment Specialists: Conduct thorough analyses of potential risks, develop and implement prudential risk models and mitigation strategies, and advise senior management on risk-related decisions.
Senior Risk Analysts: Leverage financial and regulatory data to assess potential risks, prepare comprehensive risk reports for senior management, and support Prudential Risk Area Managers in their assessments.
Risk Data Analysts: Provide data-driven support to the broader prudential risk team, conducting research and analysis on emerging risks, and assisting with the development and maintenance of risk management frameworks.
If you need support, reach out to the Broadgate team today, our award-winning recruitment and advisory service is designed to support forward-thinking businesses with inclusive and sustainable staffing solutions.
Business is booming in Dublin. From the rapidly expanding Fintech landscape, to the thriving tech sector, there are plenty of opportunities for anyone hoping to carve out a career in a truly astonishing city. Dublin is an attractive prospect for overseas talent, boasting a high standard of living and extremely competitive wages, particularly in the world of business enablement and business protection.
A business-friendly tax scheme (one of the lowest corporate tax rates in all of Europe) and a sturdy economy make the city an enticing prospect for entrepreneurs, and as a hotspot for ambitious tech companies, there’s a wealth of talent to tap into. It’s not just the business benefits that convince investors and individuals to flock to Dublin, it’s the city itself. With an unmistakable charm, a unique beauty, and an energy that you scarcely find anywhere on the planet, Dublin is a hub of culture.
Here at Broadgate, we’ve thoroughly enjoyed delivering staffing solutions to businesses all over Dublin, and we’ve had a great time establishing our presence in the city. We like to be in the heart of the action, and while we work hard to make sure our flexible working policy is reliable, we recognise the value of a strong physical presence in the markets that you’re working in. Our Dublin office is home to a passionate bunch of highly specialised consultants, all of whom have a wealth of experience in recruiting for risk and analytics, finance, accounting and audit, compliance, legal and financial crime, transformation and change, and other areas relating to business protection and business enablement.
Among soaring demand for talent, the threat of a looming recession, and the incredible growth of sectors in the city, Dublin’s companies are going to need to pull out all the stops to secure the right candidates. This can make it difficult for companies struggling with their talent pipeline, particularly those who are looking to scale quickly and build diverse teams.
The recruitment process can take its toll on time, money, and team morale if you keep getting it wrong. The consequences of a bad hire are wide-reaching, and they can be hard to undo. Here at Broadgate, we use a community-led, diversity-focussed hiring methodology to ensure that we pinpoint the best people for the job, while making the best possible impact on the wider world.
A lot of the time, internal hiring managers will rely heavily on their personal networks to source candidates, or they’ll resort to a range of job boards (which everyone else has access to), and this means they’re in no position to benefit from the potential of a wider talent pool. Whether you’re looking to fill exceptionally niche finance director jobs in Dublin, or you’re just moving to the city and want to start a new career, we can utilise our expansive, exclusive, and reliable talent network to find you the best opportunities.
If you’re looking for a Dublin recruitment agency, or perhaps rather, a global staffing agency with a presence in Dublin, then please reach out to the team today, we’re here to help.