I had an opportunity to meet with a number of Risk & Compliance professionals to discuss the market and hear about their individual career backgrounds and experience.
When discussing motivators and reasons for exploring opportunities in the market, three common discussion points kept arising: lack of leadership; career progression; and brand disengagement. It could be a coincidence that the hearings and findings from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services industry have taken its toll and are bringing these motivators to the forefront, or it could simply be that as we near the end of the year, Risk & Compliance professionals are taking stock of the year and assessing their career. Whatever the reasons, I want to explore these topics in more detail over the course of the next three weeks in this blog series. This week I am going to focus on the effects that a lack of leadership can have on an individual.
What is a ‘Lack of Leadership’?
A lack of leadership can be evidenced and affect people in many ways. What does a lack of leadership mean for you?
Have you lost confidence in the strategic vision of the organisation? Do you feel that the executive leadership team are not executing their obligations in relation to the strategic objective? Do you feel that you aren’t being given clear direction from your line manager?
No matter what the reason is, it’s important to take the time to think and really analyse what it is that is preventing you from giving your job your all. As was evidenced in the Royal Commission, a lack of leadership led to a toxic culture which put profits before its customers. Don’t be led by your emotions, think about the challenges that you are experiencing in your current role and how you might be able to rectify this. Whilst it can be confronting, it is important to be able to have an honest conversation with yourself to identify the real issues.
Some questions that will assist you in exploring the real issues are:
Risk & Compliance professionals will know that the market is currently very buoyant as a result of the Royal Commission enquiry and the interim report handed down by Commissioner Hayne in September of this year. Whilst this is the case, seeking a new job should be the last resort to addressing any issues in your current role.
According to seek.com.au, recent studies have shown that candidates are seeking a greater transparent management style. Honest, frequent two-way communication between workers and managers, including constructive discussion of workplace issues, is imperative to the continuous engagement of employees and job satisfaction.
If after asking yourself the above questions, you can no longer see yourself working in your current organisation, be very clear about your motivators and what you value in a role. Asking the right questions in an interview is essential to ensuring you are driving your career forward in the right direction. To avoid joining another organisation and finding yourself in the same situation, use every interview as an opportunity to find out about the:
Take the time to also do your own independent due diligence on the organisation – what are other people saying about the organisation in the market? Have there been any recent articles posted about them in the media - positive or negative?
Asking the right questions is key to ensuring you are arming yourself with all the information you need to make an educated and informed decision.
Have you taken the time to think about your next career move, and more importantly, what it is you are wanting out of your next role? I am happy to talk with you about your next step - please do not hesitate to reach out to me on +61 (0)2 8986 3120 or firstname.lastname@example.org.