In February 2016, financial messaging system Swift inadvertently let hackers steal $81 million from Bangladesh’s account at the Federal Reserve Bank of New York. As a result of this and other cyber attacks against Swift’s users, U.S. banking regulators are increasing their oversight of the Belgium-based company and the financial institutions it serves. Response to… Read more »
Carterwill Search Blog
Stay in the know! Keep up with industry news. Get tips on careers and recruiting.
Chances are you’ve heard about financial recruiters, but never actually used their services. Here are four ways a financial recruiter may help your company increase your bottom line. Provide Qualified Candidates A financial recruiter understands the job market and has insight into top candidates. A recruiter knows the best talent in the finance industry, including… Read more »
A whistleblower program can be an effective method for stopping fraudulent activities, although not many companies utilize such a program. Here are some steps to take in building an effective whistleblower program, and how they benefit businesses. A Whistleblower Program Should Encourage Early Reporting An effective whistleblowing program should include reporting financial fraud early and within… Read more »
When seeking a job in the finance sector, soft skills are just as important as number crunching. Here are four soft skills you must possess when working in the area of finance. Communication Because you’ll be working with colleagues in different departments, clear communication is vital. Not everyone has the same level of financial… Read more »
One of the areas that C-suite executives need the most improvement in is strategic planning. Because you want to separate yourself from the other high-level executives, you’re going to want to work on this area. Here are a few ways you can improve on your company’s strategy and help your business prosper. Emphasize Corporate Culture… Read more »
False positives are always an issue for a financial institution’s Money Laundering Reporting Officer (MLRO). The MLRO has to spend substantial amounts of time and money investigating every client record that matches a name on a risk, sanction, or politically exposed person (PEP) register. Although institutions may want to change their rules for identifying… Read more »
It’s important you know that your financial monitoring systems are effectively fighting against financial crimes. Learn ways to spot and report suspicious behaviors and how to utilize technology in the fight against crime. Guidelines for Reporting Suspicious Behaviors According to the Bank Secrecy Act, known or suspected law violations or suspicious activities must be reported… Read more »
Although you may prefer showing up to work and quietly finishing your tasks, chances are you’re not helping your career move in the direction that you want by being humble. Here are some reasons why and how you can change people’s perceptions of you. You Become Invisible Being Humble Not speaking up about your accomplishments… Read more »
As a leader, how you react to things affects how your team will react to them, which is especially true in financial recruiting. Learn both the obvious and subtle ways your words and behaviors affect your staff and how you can improve the messages you send to them. What Your Actions Tell Your Team Certain… Read more »
The updated Member-Business Lending Rule becomes effective January 1, 2017. Learn the details behind the member-business lending update and how they will impact your credit union’s extension of commercial loans to members. Summary of the Updated Member-Business Lending Rule The updated Member-Business Lending Rule gives credit unions more flexibility in deciding whether to extend commercial loans…. Read more »