Case Study: Succession Planning
Industry: FinTech
Service: Succession Planning
Business Size: 200+ staff
Target Region: United Kingdom
The Project
A fast-growing fintech company needed to develop a succession plan for its Money Laundering Reporting Officer in order to remain compliant with the Financial Conduct Authority.
Under FCA rules, this senior management function must always be occupied by a suitably qualified and approved individual, meaning that even a short vacancy could leave the company exposed to significant regulatory and operational risk.
The client wanted to ensure it had a clear and credible plan in place should its current MLRO leave unexpectedly.
Our Results
The exercise gave the client peace of mind, ensuring they were prepared for any unplanned departures and able to maintain regulatory compliance without disruption, while also building a longer-term succession strategy.
Our Approach
Market Mapping: We identified and mapped senior compliance professionals across the fintech sector and wider financial services industry, focusing on individuals with the relevant experience and FCA approval to step into the role.
Competitor Insights: We examined how competitors structured their compliance leadership and identified potential talent pools that were both immediately available and strategically aligned.
Succession Readiness: We provided the client with a shortlist of potential candidates, as well as intelligence on compensation levels, reporting structures and career trajectories. This enabled them to understand the market and plan effectively for continuity.