• 01 Oct

First steps for risk managers who have to offshore or augment their teams

Darren Sharma Monday, October 1st, 2018

Costs need to come down in banking, so it’s inevitable that the CEO or COO will knock on the door of risk management and mandate offshoring or augmentation. What are the fundamental concepts you need? The concepts Outsourcing – using analysts employed by someone else. The legal form is consultancy and usually the consultants are dedicated to you. Offshoring – there are other centres, but much of the time, you’re dealing with analysts in India. They will mostly be early stage analysts, recruited in the first year of their careers. Nearshore – lower cost locations in your country. In the UK that might …