When your company is on the hunt to find the most qualified chief investment officer, sometimes it can seem like you will never find the right candidate for the job. The task itself is exhausting and time-consuming, which can put unwanted stress on both you and your hiring directors.
However, there are multiple ways to find a chief investment officer, so don’t lose hope just yet! We have listed a few methods to help you figure out how to hire a chief investment officer to improve your business’s operations.
Hire a Staffing Agency
Staffing agencies, such as Y Scouts, are the perfect option for your company, especially if you are looking to fill a position immediately.
By partnering with a staffing agency, you are guaranteed access to qualified candidates across the nation. These staffing agencies have years of industry experience and are extremely knowledgeable about the hiring process. Using their network of qualified candidates and proven strategies, they will know exactly how to hire your next chief investment officer.
In some cases, they may already have the ideal individual lined up, ready to fill the position at a moment’s notice. These potential individuals will have great cultural alignment, are experienced, passionate, driven and much more!
Outline Your Ideal Chief Investment Officer Job Description
A quality chief investment officer will have a proven track record of helping institutions grow. Since a few of their duties and responsibilities involve making investment recommendations and create investment processes, you will be able to look at hard data to determine if this person has been successful in the past. Results at a former job will speak volumes, so make sure you do your research and ask the right questions about their track record for a good idea of what you can expect.
Create a Plan of Action
Think ahead and formulate an action plan. An action plan enables your business’s executive team to ensure a smooth shift from one leader to the other. This way, your new hire already has a guideline of what to expect from their position.
Having a clear understanding of what is expected of the new hire will help your business evaluate his or her work. Also, you provide your new hire the blueprint to be successful, so it is up to them to prove themselves worthy of this position. This action plan can also help you decide how to hire a chief investment officer to help your business grow.
Use Your Professional Connections
Sometimes you simply need to reach out to the professional connections that you have already established during your time in the industry. You would be surprised that most great hires come from simply reaching out to your professional peers. So don’t hesitate to reach out and talk to them about their search process or people that they know personally for recommendations.
In some cases, someone in your network may even be interested in the position themselves. Maximize results and minimize the stress that comes with finding your next Chief Investment Officer because it never hurts to ask!
How will candidates apply for the position if they didn’t even know of its availability in the first place? This is where advertising comes into play. With the copious amount of job platforms out there, it should be a breeze for you to post job listings and receive resumes within a fairly short time window.
However, be aware that some of these job websites charge a fee for you to promote your job openings to the top of the search pages. And although job sites are convenient, you will get some unqualified resumes that require you to filter through.
All in all, hiring can be a stressful affair for you and your company. However, this does not mean it should be, especially after reading this quick guide. For more information on how to hire a chief investment officer, contact Y Scouts today.
Y Scouts is a purpose-based, performance-proven leadership search and development firm focused on transforming how people and organizations connect to work that matters. They have a proven track record of how to hire a chief investment officer. When you’re ready to hire a new leader, contact Y Scouts. If you are looking for your next leadership role within a purpose-driven, performance-focused organization, please join the Y Scouts Leadership Community.
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