Recruitment solutions for financial services
Plug & Play talent acquisition on a monthly subscription
The banking industry, constantly evolving, has experienced a significant transformation driven by technology. Core Banking Solutions (CBS), the foundation of financial institutions globally, are now poised for a digital revolution. As we look ahead, it becomes evident that the landscape of CBS will undergo profound changes.
In this era of the digital revolution, every facet of our lives has been touched by technology, and banking is no exception. Customers now expect seamless access to their accounts, transactions, and financial services in real-time, conveniently through various channels. To meet these expectations, CBS must adapt to the digital landscape by providing robust online and mobile banking platforms. Furthermore, embracing open banking APIs and integrating emerging technologies like blockchain and artificial intelligence (AI) will be pivotal in shaping the future of banking.
To thrive in the digital landscape, financial institutions must be proactive in attracting, developing, and retaining talent with a blend of financial and technological expertise.
Finance hiring challenges
Meeting Emerging Hiring Demands in AI
As the demand for AI talent grows in the financial services industry, outsourcing recruitment to specialised firms or embedded talent managers can be highly advantageous. These experts possess in-depth knowledge and networks within the AI field, enabling them to effectively source and identify top candidates with the specific skills and expertise required for AI-related roles. By leveraging their expertise, financial institutions can efficiently build teams that drive innovation in AI.
Rapid Hiring for Short-term Projects
Financial services organisations often undertake short-term projects such as digital transformation initiatives, where a rapid hiring process becomes crucial. External recruitment solutions, with their dedicated focus on talent acquisition, can significantly reduce time to hire. These solutions involve redefining and implementing a strategic hiring process tailored to the specific project’s needs. The external recruitment partner’s expertise in sourcing, screening, and selecting candidates expedites the hiring timeline, ensuring that the organization quickly secures the right talent for timely project execution.
Access to Broader Talent Pools
Outsourcing recruitment opens doors to a wider talent pool beyond the organisation’s internal resources. External recruiters have extensive networks and access to diverse talent pools, including passive candidates who may not be actively seeking job opportunities. This broader reach increases the likelihood of finding highly skilled professionals who may not have been discovered through traditional internal hiring methods. Access to a diverse talent pool brings fresh perspectives and expertise that can drive innovation and growth within financial services.
Industry Insights and Benchmarking/strong>
We stay up-to-date with market trends, salary benchmarks, and talent availability. This expertise helps financial services gain a competitive edge in attracting and retaining top talent. By leveraging external recruitment partners’, such as Troi, organisations can design more compelling recruitment strategies, offer competitive compensation packages, and optimize their overall talent acquisition approach.
Focus on Core Business Functions
By delegating the time-consuming and specialised tasks of talent sourcing, screening, and selection to external experts, internal HR teams and hiring managers can dedicate their energy to other critical aspects of their roles. This streamlined approach ensures that recruitment activities are efficiently managed while preserving internal resources for strategic initiatives.
End-to-end recruiting
In the fast-paced world of financial services and fintech, talent scarcity, intense competition, evolving skill requirements, and cultural fit challenges are commonplace, particularly in areas such as AI & Robotics. Our expertise lies in navigating these complex dynamics, providing tailored solutions to help companies overcome these hurdles.
By leveraging our deep understanding of the industry, we assist financial services organisations from start-ups to scale-ups and enterprises in identifying and attracting the right talent in emerging skills. Our comprehensive approach covers much more than just hiring…
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- Market Intelligence
- Salary benchmarking
- DE&I process solutions
- Omnichannel inbound/outbound strategy
- Employer branding and value propositions
- Design and implement hiring process
- Interview training
- Access to a specialised network
- Deep understanding of skill requirements
Hokodo hires at scale after funding
Hokodo had aggressive growth ambitions after raising $40 million in funding, to further invest in its technology and scale the payments solution across Europe.
They required hiring at scale, to double their team quickly and then expand by 100% in the next year.
Troi truly embedded into the Hokodo culture and managed the whole recruitment process on the roles Hokodo requested.
Troi became the all-star Talent Partner within the business, managing all stakeholder relationships and implementing a sound hiring strategy for the newly appointed (secured by Troi of course!) Head of Talent to run with.
The existing Head of Talent left shortly after Troi joined, so we took ownership of the entire talent function managing external partner relationships and hiring an entirely new talent team for Hokodo. Saving a pretty impressive £211,000+ (compared to traditional agency recruiting costs!)
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