mentoring for financial professionals

© Insala All Rights Reserved 2016

Mentoring for

Finance Professionals

Judy Corner

Mentoring Subject Matter Expert Insala


Discussion Groups


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


Navigate through complexities of regulations and real world

situations.

POLL #1

Please select one of the following. I am…


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


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


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


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


Tailoring Matching for Finance Professionals

Department

Location – needed for Global Program

Skills / Competencies

Career Level


Example Career Levels

Career Level Role Qualification

Analyst Mentee

Associate Mentee

Vice President Mentee or Mentor

Director Mentor

Managing Director Mentor


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?


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”!


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


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


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


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


PHASE 2: Increasing the number of mentoring programs in order to have smaller programs which target the development of Hi- Potentials.

Case Study #2


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


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?


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

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mentoring for financial professionals

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