Mentoring for Financial Professionals
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Transcript of Mentoring for Financial Professionals
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Mentoring for
Finance Professionals
Judy Corner
Mentoring Subject Matter Expert Insala
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Discussion Groups
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LinkedIn Group: Mentoring Thought Leaders’ Club
www.linkedin.com/company/insala
930+ Members
1. Mentoring ROI for financial organizations
2. Mentoring’s popularity among finance professionals
3. Tailoring matching for finance
4. Tips on program management
5. Example case studies
Agenda
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Navigate through complexities of regulations and real world
situations.
POLL #1
Please select one of the following. I am…
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A. In a financial services company; we have a mentoring program
B. In financial services company; but no mentoring program yet
C. Not in financial services, but launched/launching a program
D. Considering launching a mentoring program for finance department
ROI for Your Organization
Retention
Knowledge Sharing
Career Development
Succession Planning
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Talent Acquisition
Example Careers In Financial Professionals
Commercial Banking (Lending) >> Consumer Lending, Mortgage Lending, Commercial Lending
Commercial Banking (Retail) >> Personal Banker, Trust Officer, Branch Manager, Private Banker
Financial Planning/Wealth Management >> Trust Officer, Investment Professional, Insurance
Investment Banking
Research/Analysis/Consulting
Risk Management
Legal/Compliance
Operations >> Lending, Retail, Investment
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Example of Movement of Careers in Banking
Teller
New Accounts
Commercial Lender
Regional Lending Leader
Regional President
President
Teller
Head Teller
New Accounts
Trust Officer
Branch Mgr.
Regional Mgr.
COO
Analyst
Sr. Analyst
Associate / Manager
Assoc. Director
Director
MD
Retail Banking Investment Banking Lending Banking
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Web-based solution fit
Why is Mentoring Effective for Finance Professionals?
• Helps turn theory into practice
• Offers a career path
• Career growth through networking
• Supports continuing learning
• Finance professionals are tech savvy
• National & Global workplace = wider mentoring network
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Tailoring Matching for Finance Professionals
Department
Location – needed for Global Program
Skills / Competencies
Career Level
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Example Career Levels
Career Level Role Qualification
Analyst Mentee
Associate Mentee
Vice President Mentee or Mentor
Director Mentor
Managing Director Mentor
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Example Skills & Competencies
• Fundamental business & communication
• Accounting
• Work ethic outweighs GPA
• Marketing
• Teamwork
• Adaptability / Flexibility
• Strategic planning
• Problem solving / Decision making
• Technological skills
• Communication
POLL #2
What is the biggest skill gap your organization is struggling with?
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Please type your answer in the chat box.
We will be posting the results on our Mentoring Thought Leaders’ Club on LinkedIn later today! Please join the club by clicking “Ask to Join”!
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Tips on Program Management
Business Objectives &
Measurements
Qualify Applicants
Create Enrollment
Platform
Live Training & Auto
Reminders
Measure Learning from Learning Plans
Report on Success
How Insala Has Helped
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User Experience
• Matching by career level, department, location, & skills
• Mentee can lead self-matching
• Strategic administrative matching available
• Learning plan & goals
• Flash Mentoring – Search for mentors on keywords
Administrative Workflow
• Surveys
• Communications
• Reporting & tracking
Case Study #1
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PHASE 1: A large, global banking institution wanted a automated global mentoring program widely available throughout the organization. 1. Integrated employee data with HRIS
2. Seamless login experience through SSO
3. Self-matching capability
4. Surveys for data collection & reporting
Case Study #1
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OUTCOME: • 99% of users logged in to the portal
• Almost 2,000 active users
• 37% of users were matched
• Almost 400 mentors • Over 800 mentees
• Survey responses reached almost 40%
Case Study #1
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PHASE 2: Increasing the number of mentoring programs in order to have smaller programs which target the development of Hi- Potentials.
Case Study #2
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PHASE 1: A leading car manufacturing company was having issues recruiting financial professionals. 1. Launched finance pilot program in English language
2. Launched additional pilots in European and non-
European languages Mentoring relationships were made across the globe, and is now branching out to other departments in the company.
Case Study #2
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OUTCOME: Pilot program was so successful that the client extended one year & now have expanded to enterprise. PHASE 2: 1. Additional departments’ pilot programs were launched
due to the success of the finance pilot
2. Now, the solution is moving to enterprise so all employees can participate in, and benefit from, mentoring
Based on today’s presentation, where do you think mentoring can help your organization or financial department the most?
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A. Career pathing / Career development
B. Global knowledge share
C. Leadership development / Succession planning
D. Retention & engagement
E. Talent acquisition
Q&A CONTACT US FOR MORE INFORMATION
www.mentoringtalent.com
US: (817) 355.0939
UK: +44 (0)207.297.5940
JOIN US ON LINKEDIN FOR:
• A copy of today’s slides • A link to the webinar recording • A discussion around today’s webinar
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