Key person hiring
Finding directors, MLROs, compliance and risk officers who will pass the regulator's fit and proper assessment.
Regulators assess the people as closely as the documents. We help you find and appoint directors, money laundering reporting officers, compliance officers and risk managers with the experience and local presence a licence requires. We then prepare the fit and proper submissions for each appointment.
What you get
- Role definition
- A description of each key function, the experience the regulator expects and any residency or time-commitment requirements.
- Candidate search
- Identification of candidates through our network and targeted search, with a shortlist for your interviews.
- Pre-screening
- Review of CVs, references and regulatory history to flag issues before an application is filed.
- Fit and proper submissions
- Preparation of personal questionnaires, CVs and supporting evidence in the regulator's format.
- Interview preparation
- Preparation of candidates for regulator interviews on their role and the firm's policies.
How it runs
- Step 1RequirementsWe confirm which functions must be filled, where they must be based and how much time each requires.
- Step 2Search and shortlistWe present candidates and support your interviews.
- Step 3AppointmentWe help agree terms and prepare the appointment documents.
- Step 4Regulator approvalWe prepare and file the fit and proper submissions and support the candidate through any interview.
Questions we get
Can one person hold several key functions?
Sometimes, depending on the jurisdiction and the size of the firm. Some combinations, such as compliance and internal audit, are generally not accepted. We check this for your case.
Do key persons need to live in the jurisdiction?
Many regimes require at least some key functions to be based locally. The specific requirement varies by licence and regulator.