Talent drought threatens risk management, say firms

“Most acute shortages” are in operational risk, say recruitment consultants

Firms say they are facing a shortage of the right risk managers

Banks and other financial firms are finding it increasingly difficult to attract and retain talented risk managers, which poses a challenge as they try to bolster risk management teams to cope with new regulation.

“The demand for a very specific skill-set is increasing,” says one London-based bank risk manager. “Firms are looking for people who can really bring experience, who’ve been through the cycles, who have learnt the lessons from building frameworks in the past and are able to challenge

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