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A third of risk and compliance teams plan to grow PDF Print E-mail
Wednesday, 16 August 2017
Research from specialist professional recruiter Robert Walters has revealed that 31% of risk and compliance teams plan grow in the second half of the year. 

Despite ongoing uncertainty regarding Britain’s negotiations to leave the EU, regulatory pressures are continuing to drive demand for specialists in risk and compliance.

James Murray, Associate Director comments: “As deadlines approach for the implementation of MiFID II, employers are eager to source high calibre compliance professionals to ensure that their operations and procedures are in accordance with the legislations.”

“Similarly, many employers are looking source highly skilled and experienced professionals to ensure that they have a robust risk function, acutely aware of the serious reputational and financial implications if they fail to meet required standards in this area.”

The research also revealed that mid-level professionals are the most sought after, with 71% of businesses planning to hire compliance and risk professionals at this level.

James Murray continues: “SME banks and asset management firms have been responsible for a significant percentage of hiring at mid-level for compliance and risk professionals, particularly VPs and AVPs.”

“For larger firms, anti-financial crime specialists are likely to see particularly high demand for their skills, with those at mid-level in demand to establish new frameworks and procedures to ensure that businesses have a robust strategy in place to prevent financial crime.”

“A consequence of this demand is that compliance and risk professionals are in a strong position to command generous salaries for employers, particularly for those who can demonstrate experience implementing projects relating to key areas of legislation.”

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