A Fortune 100 bank cut contingent spend by 22%
Net2Source replaced fragmented vendors with one accountable, MSP‑aligned program for AML, KYC and risk‑analytics hiring across 14 locations, and every regulatory deadline was met.
- Client
- Fortune 100 Global Bank
- Sponsor
- Head of Talent Acquisition, Risk & Compliance
- Engagement
- MSP‑aligned compliance hiring program
- Solutions
- Vendor consolidation, compliance screening, rate benchmarking
Lower contingent spend
Reduction in contingent labor spend after the program was consolidated.
Regulatory deadlines met
Every compliance hiring deadline was met under the new program.
Locations covered
AML, KYC and risk‑analytics roles staffed through one program.
Accountable partner
One partner replaced a fragmented, multi‑vendor setup.
From hiring bottleneck to one accountable program
A Fortune 100 global bank needed a steady supply of AML, KYC and risk‑analytics talent across 14 locations, without missing a regulatory deadline.
Its vendor base was fragmented and contingent costs kept rising. Every new supplier added another rate card, another screening process and another point of failure.
Net2Source consolidated the work into one MSP‑aligned program with compliance‑ready background checks and rate benchmarking. The bank met every regulatory deadline and cut contingent spend by 22%.
At a Glance
- Client
- Fortune 100 Global Bank
- Industry
- Banking & Finance
- Sponsor
- Head of Talent Acquisition, Risk & Compliance
- Mandate
- AML, KYC and risk‑analytics hiring across 14 locations
- Timeline
- Every regulatory deadline met
- Outcome
- 22% reduction in contingent spend
Compliance hiring had become the bottleneck
Regulatory roles cannot sit open. Yet the bank’s hiring model made them slower and more expensive to fill.
Fragmented vendors
Multiple suppliers worked in parallel, with no single owner accountable for quality, speed or compliance.
Rising contingent costs
Rates varied by vendor and location, and contingent spend kept climbing without a clear market benchmark.
14 locations, specialist roles
AML, KYC and risk‑analytics talent had to be staffed consistently across 14 locations under regulatory deadlines.
“Compliance hiring used to be our bottleneck.”
Head of Talent Acquisition, Risk & ComplianceOne program, built for compliance
Net2Source brought vendors, screening and pricing under one MSP‑aligned program with a single point of accountability.
Consolidated, MSP‑aligned program
Fragmented vendors were replaced by one accountable partner, aligned to the bank’s MSP model across all 14 locations.
Compliance‑ready background checks
Candidates were screened to the bank’s compliance standards before start, so regulated roles were filled without delays.
Rate benchmarking
Bill rates were benchmarked against the market by role and location, bringing contingent spend under control.
From fragmented to fully accountable
A structured rollout moved the bank from many vendors to one program while hiring continued.
Vendor & spend review
Mapped existing suppliers, rates and open compliance roles across locations.
Rate benchmarking
Set market‑based rate bands for each role family and location.
Screening standards
Built compliance‑ready background checks into every requisition.
Consolidated delivery
Moved hiring for all 14 locations into one MSP‑aligned program.
Deadlines met
Every regulatory deadline met, with contingent spend down 22%.
AML
Anti‑money‑laundering talent for monitoring and investigations.
- AML analysts
- Transaction monitoring
- Investigations support
KYC
Know‑your‑customer talent for onboarding and periodic reviews.
- KYC analysts
- Customer due diligence
- Periodic reviews
Risk Analytics
Analytical talent supporting the bank’s risk and compliance functions.
- Risk analysts
- Data & reporting
- Regulatory reporting
Lower spend, zero missed deadlines
One accountable partner gave the bank cost control and compliance confidence at the same time.
Contingent spend
Contingent spend, indexed to the client’s previous baseline (= 100)
reduction in contingent spend
Chart is indexed for illustration; the 22% reduction is the reported result.
22% lower contingent spend
Rate benchmarking and consolidation brought contingent costs down across the program.
Every regulatory deadline met
Compliance‑ready screening kept regulated roles filled on schedule.
One point of accountability
A single partner now owns delivery across all 14 locations.
Compliance hiring used to be our bottleneck. With one accountable partner, we met every regulatory deadline while cutting our contingent spend.
Accountability over fragmentation
The difference was structural: one partner, one standard and one view of cost.
| Dimension | Traditional approach | The Net2Source approach |
|---|---|---|
| Vendor model | Many suppliers, no single owner | One accountable partner |
| Program structure | Ad hoc, vendor by vendor | Consolidated, MSP‑aligned program |
| Compliance screening | Varies by supplier | Compliance‑ready background checks |
| Cost control | Rates vary by vendor and location | Market rate benchmarking |
| Coverage | Managed location by location | One program across 14 locations |
Make compliance hiring your advantage
Talk to Net2Source about one accountable program for your risk, compliance and regulated roles.