Insignia Financial’s chief risk officer (CRO) sheds light why the “multidimensional” risks of operating a financial advice licensee requires a holistic and curious approach.
As the CRO of one of Australia’s largest advice firms, Anvij Saxena is responsible for overseeing all aspects of enterprise risk management and compliance at Insignia.
According to Saxena, the skills and knowledge gap within the risk profession continues to grow as new forms of risk present themselves which were previously unheard of in the past.
Echoing the CRO, Kaizen Recruitment recently shared that as persistent regulatory changes continue to drive demand for risk and compliance teams in financial services firms, competition is heating up in the shallow talent pool.
“We forecast the shallow skill sets of risk and compliance professionals, particularly in superannuation and funds management, will continue into 2024 as organisations compete for niche skill sets as they all mirror the same scaling in preparation for regulatory changes impacting business,” the firm’s February market update wrote.
Saxena added that the current risk landscape transcends past conventions. The underlying risks…
