Surviving the Macro-Economic Superstorm

Practical solutions to today’s compliance talent supply and demand challenges

As the world attempts to normalise after the shocks of recent years, a new conundrum of challenges is surfacing. The rising cost of living, growing inflation rates, and threat of recession, combined with recruitment and retention challenges, find firms globally having to tackle a new tranche of macro-economic and geopolitical unsettlement.

Many firms now find it’s more challenging to locate the talent required to fill key roles, retain their talent, and keep up with best practices. This is something that is particularly felt by compliance, performance, and risk teams in financial services firms.  

In an environment of heightened regulation, increasing scrutiny and cost pressures, firms are being challenged to increase the effectiveness of their compliance programs, manage with fewer internal resources, ensure high-quality results, reduce turnaround times, and lower costs. This back-office staffing challenge leaves firms in danger of creating risky exposure gaps in their compliance programme.

Whether a firm is a hedge fund with just one or two compliance professionals, or a large, complex financial services firm with a large, global compliance team, these resourcing issues are becoming more intense. Sometimes the pressure is so intense that normal events, such as maternity cover or medical leave, which create short- or long-term absences, can tip a team into crisis. 

Download our white paper to discover how some firms are solving these back office and human resources challenges – by engaging managed services, a form of flexible and strategic outsourcing. The paper:

• investigates the challenges facing firms today, and the risks that these can create
• looks at some more helpful trends, and areas where firms today are deploying a managed services approach
• discusses the benefits of outsourcing certain compliance and performance related tasks, and how ACA Group supports firms through their managed services team
• explores how managed services can, with the right partner, enable financial firms to both embed more efficient processes and free up talent for more value-generating activities

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How we help

If you are struggling to balance your compliance workload or manage retention and satisfaction while maintaining best practices, our Managed Services suite of services is the answer. Our dedicated team of 150+ people has helped 1,400+ compliance and risk teams address the challenges of increasing the effectiveness of their compliance programs, managing with fewer internal resources, ensuring high-quality results, while reducing turnaround times and lowering costs. Connect with us to learn how we can help you too.