Financial Institutions - How many FTE do you currently have aligned to regulatory training creation and management (Consultants, PMs, and Designers)?
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The optimum number of employees required for regulatory training can vary significantly based on number of factors, including the regulatory environment in which your organization operates, the specific regulations that apply, the size of your workforce, and the nature of your business. The Financial Institutions typically require more staff than a Technology company as regulatory framework for Financial Institutions is very robust. Though there is no one-size-fits-all scenario but having 10% of total FTEs dedicated to regulatory training and management is an adequate number to manage these functions in a Financial Institution.
Currently we have 5% of total FTEs dedicated to regulatory training and to manage these functions in the financial Institution. We also manage global regulatory reporting in the US based out of India and accordingly allocated the FTE's