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Danos Associates’ Risk offering in Asia

Danos Associates, recognised globally as a specialist Compliance recruitment firm, has now moved into the Risk space in APAC. Following on from the successful establishment of the EMEA Risk practice under Ruaridh Brown-Hovelt, I was approached by Danos Associates to start the Asia Risk practice from the Singapore office.

Synergy in Risk and Compliance

This was an ideal match considering the crossover in the Risk and Compliance functions, as the roles require similar skillsets. The establishment of the Risk practice in Asia has meant that we can continue to build on existing relationships and specialisations. Increasingly, our clients are looking to partner long term with specialists who can assist across connected areas – both geographically and across the key infrastructure areas of Compliance, Risk and Legal.

We are therefore able to offer a seamless global service, often working with the same firms across multiple locations and verticals, providing the same quality specialist approach across the related areas of Compliance, Risk and Legal. As an example, I recently placed a very hard-to-fill role in Japan for a key Compliance client who we work with globally.

We have the advantage of a deep global network, so we can draw on the best – whether that’s from the local, regional or global talent pool – not just the best available at the time.

My experience

Having been a specialist in the Risk market in Asia (Singapore and Hong Kong) for many years, I am able to offer firms my deep understanding of the market, long term relationships with top talent and the ability to identify hidden talent that organisations might struggle to identify and attract directly.

In particular, with inherent challenges in the Singapore Compliance market including a thin talent pool and lack of in-depth experience, we are now able to uncover talent in the related field of Risk (largely Operational Risk) to help hiring managers overcome the hurdles.

Risk areas we cover

We recruit within the key areas of Risk for our clients, including:

  • Business Risk, Business Control, Business Supervision
  • Credit Risk
  • Market risk (eg. Equities, FX, Rates, Credit Products, Commodities)
  • Non-financial risk (eg. Business Continuity, Cyber Security, Outsourcing/Vendor Management risk)
  • Operational risk
  • Quantitative risk (Model Validation, Front-Office Quant)
  • Treasury and Asset Liability Management or Balance Sheet Management 

What are firms looking for?

Right now, firms are particularly looking to strengthen their first line of defence, and are taking candidates from the 2nd line and moving them to partner more closely with the business. They are looking for all-rounders who are agile, who can adapt and thrive in an environment of change, and have both the technical skills and the stakeholder engagement and influencing talent to be effective business partners.

We are also seeing firms hiring in the area of Market Risk at a mid to senior level, with a focus on Equities in Hong Kong and Fixed Income, Currencies and Commodities in Singapore and Sydney.

If you’re looking for top candidates to strengthen your Risk team, please contact us.

Adnan Maddix

Partner, Head of Singapore, APAC Risk & Analytics

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