The finance sector remains one of the main economic drivers of the economy worldwide. In 2022, the financial market's valuation stands at US$1.30bn. This figure is anticipated to grow at an annual rate of 11.32%, reaching approximately US$2.38bn by 2027. Executive Search firms are the most qualified option to find seasoned professionals in the finance sector.
These are strategic partners who are at the forefront of business transformations. They are the creators of the business roadmap; therefore, they have several responsibilities as well as functions:
This role is responsible for identifying, analyzing and mitigating possible risky events that could threaten the company. In any financial area, the role of a CRO is a critical one due to the financial transactions and the regulatory system. Some important responsibilities are:
Executive Search firms are aware of the importance of finding a CRO with these technical skills but also soft skills such as great communication to successfully mitigate any possible risks for the company.
The CIO oversees the investment strategy of the company. The CIO is specialized in determining where to allocate the organization’s funds to maximize returns. Some of their key responsibilities are:
As Zavala Civitas, an Executive Search firm, we have deep expertise in the finance sector. Our industry insight as well as our experience enables us to identify and connect with top financial executives. Our work is to bring only the most qualified and professional candidates for our clients.
Portugal’s financial services and banking sector has demonstrated remarkable resilience and adaptability in recent years, emerging stronger from past economic challenges. As technology keeps advancing, it does along with new regulations, transforms vast portions of the industry which in turn leads to the development of new executive search firms that
Despite having great potential as the tenth largest economy in the world, Canada’s banking and financial services industry still manages to serve its population’s needs. The country has had its fair share of problems from high inflation and increasing interest rates brought about by global pressure. But these problems necessitate
Diagnosis: A European financial services group with over €10B was facing significant challenges in digital transformation and regulatory risk. Following a merger, the Board identified the need for a Chief Risk Officer (CRO) and a Head of Digital Strategy to align with the goals of the company.
However, the internal talent pool lacked exposure to large-scale projects and multi-jurisdictional compliance. The organization needed external leaders capable of balancing digital agility with regulatory oversight.
Implementation: Zavala Civitas conducted a dual-track assessment: evaluating high-potential internal executives while launching a confidential executive search across some of the biggest European financial hubs. Our research team mapped over 120 senior leaders from banks, fintech firms, and asset managers.
With weekly follow ups, we delivered shortlists featuring candidates with proven track records in Basel III compliance, digital risk mitigation, and cross-border transformation. Assessment interviews focused on leadership adaptability, stakeholder management, and digital governance and we closed the search after 2 months.
Results: After our yearly follow up the chosen CRO restructured the enterprise risk framework and established new AI-driven monitoring systems, reducing operational risk exposure by 30% within the first year. The new Head of Digital Strategy integrated fintech partnerships and improved customer experience metrics across regions.
Eighteen months later, the company achieved faster decision-making cycles, stronger compliance culture, and a 20% increase in process efficiency — positioning the group as a benchmark in sustainable finance governance.
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