FINANCIAL SERVICES SOLUTIONS

For over a decade, HireTalent has worked closely with our clients to develop flexible and customized staffing solutions to meet their unique needs.  We have grown along with our clients as their needs have evolved, continuously providing a comprehensive suite of services characterized by unparalleled flexibility and choice.  Given the range of alternatives we are positioned to offer, we are able to customize our solutions to each clients’ specific needs.

T+2 Implementation Planning and Rule Changes

The settlement period for in-scope securities traded on the secondary market in the United States is currently trade date plus three business days, commonly referred to as T+3.  The financial services industry, in coordination with regulators, is planning to shorten the settlement cycle to trade date plus two business days (T+2) in Q3 2017.  The products subject to the shortened settlement cycle include equities, corporate bonds, municipal bonds, unit investment trusts, and financial instruments comprised of these security types.  Shortening the settlement cycle is expected to yield benefits for the industry and market participants including reduced credit and counterparty risk, operational process improvements, cash deployment efficiencies, increased market liquidity, lower collateral requirements, and enhanced global settlement harmonization.  Contact Lynnette Morello for more information on how HireTalent can be of assistance during this transition. 

Risk Management - Stress Testing and Capital Planning

Most financial institutions now have a stable process for Dodd-Frank Act Stress Testing (DFAST) and Comprehensive Capital Analysis and Review (CCAR) capital planning.  Typically, this process is still manual and, thus, difficult to control and govern.  Therefore, financial institutions are always looking for great talent on both a consulting and full time basis to support his effort.  Most institutions have increased their headcount in these areas by 400% over the past 3 years. In addition, they question on how best to automate the process in order to reduce cost and improve the transparency.  They are seeking options to improve their understanding in order to develop a framework and a prioritized roadmap for enhancements related to people, processes, and technology for alignment with the strategic objectives of the organization.  HireTalent has the knowledge and talent to help with these needs.  We are currently working with many of domestic and foreign banks to facilitate their requirements, challenges and reach their overall compliant goals. 

For more information on how HireTalent and our team of subject matter experts can assist you with your firm’s transition, please contact:

Lynnette Morello
Managing Director, Global Business Development
(917) 776-492
lynnette@hiretalent.com