Interim Management for Financial Services

Financial services firms answer for their leadership in a way few other sectors do.

Regulators expect named senior individuals to own risk, conduct and resilience. When a senior leader leaves, or a major change programme needs experienced direction, the gap matters to the board and to the regulator.

Interim executives give firms that experience quickly, with a clear mandate. Fractional leaders give smaller firms and fintechs senior finance, risk or operational input without a full-time appointment.

Novo provides interim management and fractional leadership for banks, building societies, insurers, wealth managers, payments firms and fintechs.

Discuss an interim or fractional appointment

Book a confidential discussion with one of our Executive Search Directors

Discuss an Interim Requirement

When Financial Services Firms Bring in Interim Executives

Common situations include:

  • A Senior Manager leaves or steps back at short notice
  • A regulatory review or remediation programme needs leading
  • A transformation or systems change has stalled
  • An acquisition or integration needs senior attention
  • A growing fintech needs board-level finance or risk experience
  • A permanent executive search is underway

We agree each mandate around a defined result, such as completing a remediation, stabilising a function or leading a change programme.

Interim Cover Under the Senior Managers and Certification Regime

Interim appointments in regulated roles need planning.

Under the Senior Managers and Certification Regime, a firm can usually appoint someone to cover a senior management function for up to 12 weeks in a 12-month period without prior regulatory approval, where the absence is temporary or unforeseen. If cover will last longer, the firm must submit an application within those 12 weeks, so it helps to plan the appointment early.

We take this into account when we agree the brief, so the timing of the interim assignment and any permanent appointment fits the firm’s regulatory obligations.

Testimonials

Novo identified an interim CFO who combined deep sector expertise with reassuring emotional intelligence. Their impact was immediate, governance strengthened, our equity story sharpened and teams felt more prepared for the scrutiny ahead.

Interim CFO, Pre-IPO Biotech

 

Novo supported us with carefully selected executive and non-executive search campaigns; all three roles were successfully filled. Thank you.

Central Bedfordshire Council

“I received an excellent service from Novo, from my initial meeting with the consultant to the final negotiations around the job offer the service was faultless. I felt I was well matched to the role and I was kept well informed during the entire recruitment process and any queries I had were answered very promptly. I would highly recommend Novo”

JISC

Interim and Fractional Roles in Financial Services

We find interim and fractional leaders across financial services, including:

Our Sector Specialists

jon hollier

Jon Hollier

matt searle

Matthew Searle

dale perrett

Dale Perrett

matt searle

Matthew Searle

Director

Matthew is a Director at Novo Executive Search specialising in helping clients identify and attract the best possible senior management and executive appointments. Matthew’s early career began with 10 years...

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dale perrett

Dale Perrett

Founding Director

Dale is one of the Founding Directors of Novo Executive Search and Selection. He is part of the Novo leadership team that drives the business. He remains passionate about working...

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jon hollier

Jon Hollier

Founding Director

Jon is a Founding Director of Novo Executive Search & Selection. Beyond establishing and developing Novo, his extensive experience covers a wide range of disciplines across commercial and the third...

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Related Case Studies

Need interim leadership in a regulated role?

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Permanent Financial Services Leadership

For permanent appointments, see our financial services executive search and accountancy and financial leadership pages.

Interim & Fractional Leaders for Financial Services FAQs