In the recent discussion in partnership with Guidepost, the panellist shared views on both technology and talent and how this can address the challenges within the US regulatory landscape.

Technology

• Technology is one of the biggest challenges – leveraging technology effectively and making the right kinds of decisions that will enable a lean workforce or even robust workforce to be most effective.
• As regulators become more robust, and what they’re looking for. One of the things that businesses try to do is, again, continue to leverage technology, a big challenge that a lot of firms are facing is not only do they have to manage the regulatory requirements, but also the technological changes within society.

Talent

• Hiring contingent teams has several advantages, one of which is cost saving, firms are choosing to keep their overheads low, but they are challenged when aiming to do so due to rising labour costs, and a scarcity of experienced specialists. So, they frequently turned to contingent teams to assist in filling the skills gaps.
• Compliance departments need a team that is well versed and knowledgeable on the regulations but also with technology, because not every solution is going to come from just understanding and interpreting the regulations, it’s good to have people in teams that have a technological background who can offer alternative solutions to what has been done in the past, the way teams are set up is having different subject matter experts, where individuals will have legal and regulatory background, as well as individuals from operations technology that can build a more diverse team that can offer different perspectives.

Panelists: 

• Mariah Rodriguez, Director, Alvarez & Marsal
• Dave Frederick, Head of Americas investment Compliance, Schroders
• Richard Stevens, CEO, Momenta
•  Julie Myers Wood, CEO, Guidepost