Mentoring in Financial Services - Webinar Kit Download

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The Key to Building
Future-Ready Teams in 2024

The financial services industry is primed for radical change in 2024.

With a slowing global economy, the emergence and rapid growth of new technologies, rising security and regulation concerns, as well as increasing competition, the financial services industry is in for a challenging 2024.

In times like these, it’s essential to invest in your people to ensure they are ready to take these challenges on. What we’re finding is that one way organizations are choosing to do this is through mentoring programs.

So join Mentorloop’s Sales Lead for EMEA and the Americas, Jess Benham, as she takes you through why mentoring has emerged as a go-to for organizations in the financial services industry in this time of change, how to maximize a mentoring program’s impact, and how to measure its success.

This webinar is for:

Team Leaders
Human Resources leaders and practitioners
People & Culture leaders and practitioners
DEI (Diversity, Equity, and Inclusion) leaders and practitioners

working in corporates and industry associations within the banking, insurance, and the broader financial services industry.

What's in this webinar?

Using insights from hundreds of mentoring programs and what we’ve seen work for our customers in the banking and financial services industry, your workshop facilitator will guide you through how to build and launch your best mentoring program yet!

From what recruitment style to use to how to measure success, your workshop facilitator and mentoring expert, Jess Benham, will guide you through it all. Plus, you’ll also get a chance to ask any burning mentoring questions you may have!

Your workshop facilitator

Jess is Mentorloop’s Sales Lead for EMEA and the East Coast of the Americas at Mentorloop. She has worked with hundreds of mentoring champions over the years and is passionate about setting mentoring program coordinators up for success.

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Challenges for the Financial Services Industry in 2024:

a slowing global economy, new technologies, more assertive regulation, and more

(Deloitte)

A Global Economic Slump
the International Monetary Fund (IMF) expects the world economy to grow at no more than 3.0% while global inflation and interest rates are expected to drop.

New Tech and Trends
The rise of generative AI, embedded finance, open data, digitization of money, decarbonization, digital identity, etc. will heavily influence how institutions operate and service customers. Fraud is also expected to grow in 2024.

Disruptive External Forces
More assertive regulations, climate change, and geopolitical tensions are going to be key drivers behind changes in the financial services industry. Bank leaders will focus on proposed regulatory changes to capital, liquidity, and risk management for US banks.

While there are different ways to set your teams up to face these challenges successfully, mentoring is critical as it builds skills that workshops and classes are less effective at teaching.

Creative Problem Solving
New sets of challenges require new and creative solutions. And learning how to explore creative solutions is best learned by interacting with other people with diverse perspectives.

Agility
New and unique challenges coupled with the breakneck speed that things move nowadays get you to a situation where teams will need to respond quickly. Mentoring is key to learning how to do just that without sacrificing efficacy and efficiency.

Amplifying Soft Skills
Soft skills like active listening, conflict management, and collaboration tactics are extremely valuable, especially during uncertain times. These skills are strengthened through interactions with peers through initiatives like mentor programs.

This might be the best piece of software I've ever used. We were able to grow our mentoring programme here at LEAD Network, thanks to the efficiency and functionality we gained by having Mentorloop. Now we’re in a position to significantly scale the reach and impact our mentoring programme to our members!

Mentorloop streamlines the mentoring process, promotes structured communication, and fosters a culture of growth and collaboration within organizations with features that cater to both mentors and mentees. For us at Heinemann, Mentorloop is an indispensable tool for unlocking the full potential of mentorship programs.

Through efficient matching tools and resources to structure mentoring relationships, we have shifted the heavy-lifting part of mentoring, getting our people focused on driving their own development and having quality conversations.

Mentorloop came out as the lowest investment, highest value learning program that we run. Mentorloop is the lowest investment for us in terms of the cost of the platform and resourcing to manage and to report on.

Mentorloop allows us to have a great program with little overhead cost. Additionally, it has improved cross-discipline connections across our North and South American offices. Our previous mentoring programs have all lost momentum until we adopted Mentorloop as our tool.