How Nextyn Helped a Global Investment Bank Hire a CRO to Strengthen Risk & Compliance Strategy
Executive Summary
A leading global investment bank needed a Chief Risk Officer (CRO) to navigate evolving financial regulations, market volatility, and emerging risks in fintech and digital assets. The ideal candidate had to:
- Strengthen enterprise risk management (ERM) frameworks across credit, market, and operational risks.
- Ensure regulatory compliance with global banking standards (Basel III, Dodd-Frank, MiFID II).
- Enhance risk analytics using AI & big data for real-time risk monitoring.
To secure a highly experienced risk leader, the bank partnered with Nextyn for Executive Search services. Over a four-month engagement, Nextyn provided:
- Market mapping & talent identification of top CROs in global banking & fintech.
- Screening & candidate evaluation based on risk leadership, regulatory expertise & tech adoption.
- Final selection & compensation structuring to attract the best talent.
- Onboarding advisory to ensure leadership alignment & strategy execution.
Outcome: The investment bank successfully hired a CRO, strengthening risk governance, regulatory compliance, and AI-driven risk analytics.
Client Profile & Challenges
Client Profile:
- Industry: Investment Banking & Financial Services
- Project Focus: Executive Search for a Chief Risk Officer (CRO)
- Target Role: CRO with expertise in financial risk management, regulatory compliance & AI-driven analytics.
Challenges Faced by the Investment Bank:
- Evolving Regulatory Landscape: The bank needed a CRO who could navigate Basel III, MiFID II, and SEC compliance requirements.
- Market Volatility & Emerging Risks: The bank required real-time risk assessment capabilities for economic downturns & digital asset volatility.
- Need for AI & Data-Driven Risk Strategies: A leader with expertise in AI-powered risk analytics was essential to enhance real-time risk mitigation.
- High Competition for Risk Leadership: Top-tier risk executives were highly sought after, requiring a strategic executive search approach.
Without specialized executive search support, the investment bank risked regulatory non-compliance, ineffective risk controls, and exposure to high-risk investments.
Nextyn’s Solution
- Targeted Executive Search & Global Market Mapping
Nextyn conducted a comprehensive talent search, identifying:
- Seasoned CROs from global investment banks with expertise in enterprise risk & compliance.
- Fintech risk leaders with experience in digital banking, crypto assets & AI-driven risk modeling.
- Regulatory & compliance specialists from SEC, FCA, and other global financial authorities.
Candidate Screening & Leadership Assessment
- Regulatory expertise evaluation to ensure candidates could mitigate compliance risks effectively.
- Technical assessment on AI & big data risk modeling to identify leaders in digital transformation.
- Behavioral & leadership evaluation to assess crisis management skills & regulatory negotiation capabilities.
Final Selection, Negotiation & Onboarding Advisory
- Facilitated final candidate selection based on technical expertise & cultural fit.
- Assisted in structuring compensation, long-term incentives & regulatory compliance packages.
- Provided executive onboarding support to ensure alignment with the bank’s global risk strategy.
Impact & Results
- Successful CRO Hire: The investment bank secured a top-tier CRO within four months.
- Enhanced Regulatory Compliance: Strengthened risk policies to align with Basel III, Dodd-Frank & MiFID II.
- AI-Powered Risk Analytics Implementation: Introduced real-time risk monitoring, reducing exposure to high-risk assets by 30%.
- Stronger Crisis Management Framework: Improved market volatility risk strategies, ensuring resilience against economic downturns.
By leveraging Nextyn’s Executive Search expertise, the investment bank hired a world-class CRO, enhancing regulatory compliance, risk analytics, and financial resilience.
Why Nextyn?
- Access to Top Banking & Risk Management Leaders: Identified CROs from major global financial institutions.
- Specialized Search for AI & Fintech Risk Experts: Targeted leaders with expertise in digital finance & AI-driven risk strategies.
- Seamless Executive Transition & Negotiation Support: Facilitated competitive hiring & leadership onboarding.
- Proven Success in Banking & Financial Risk Placements: Helped global banks enhance compliance & risk frameworks.
