} .quote-request-form-form .testRequest input { top: 6px; position: relative; margin: 0 8px 0 0 !important; min-width: 20px;} Late last month, we detailed all the reasons you wouldn’t want to work in compliance, despite the fact that big banks like J.P. Morgan and HSBC are hiring in droves. margin: This field is used for controlling automatic form submits. font-size: 14px; .quote-request-form-head, .quote-request-form-body { padding: 15px; } What’s in it for you as a career option? In fact, if you had your way, there wouldn’t be much of a business – as then there wouldn’t be anything non-compliant taking place. A finance person was understood to be a record-keeping person in an organization. This article was written for Findcourses.co.uk by David Robson, Head of Research & Development at International Compliance Training (ICT). The demand for talent has increased astronomically in compliance and in AML because of numerous billion dollar fines, the growing importance of data analytics and fintech/regtech diversification in the financial services industry, and an increase in the budgets and types of personnel needed to run effective programs. As the regulatory landscape becomes increasingly complex in these industries, compliance professionals perform a critical role, helping companies to interpret and apply regulations to operate within the bounds of the law. label.form-option { font-weight: 400 !important; } New laws and regulations are constantly spurring the demand for compliance professionals, creating a wealth of job opportunities for lawyers looking for an “alternative” career. Along with the promise of job security, pursuing a career in regulatory affairs affords you a great deal of flexibility in where you choose to work. .quote-request-form { “You’re well-respected and well-regarded as a junior person,” said one of the employees. .rating-single input[type=radio], .input-container input[type=radio], .input-container input[type=checkbox] { position: relative; top: 3px; } [ad_1] In the olden days a career in finance did not offer anything more than a back-office recording keeping job. Very much in demand. .rating-single div { margin-bottom: 5px; clear: both; } And don’t forget, ALL of these impact upon both the public and the wider financial system. display: block !important; .quote-request-form .ui-submit .ui-btn-inner { text-shadow: none !important; color: #ffffff !important; font-weight: bold !important } But they both need doing. But that doesn't mean that individuals are off the hook. text-align: left; You have a passion for solving technically complex problems where you will need to convince others that you are right. Here are 4 things you didn't know about this process. Operational: all organisations have processes that define their business, for example, manufacturing, supply chain and marketing. Knowledgeable compliance professionals are in demand. .quote-request-form .rating-low { float: right; } Part of the job is following the mistakes of others to make sure they don’t happen at home, according to Goldman. .quote-request-form-form legend { font-weight: bold; text-transform: uppercase; padding: 0 10px; } In this, we will focus on the reasons of why to pursue a career in quality. }. Much of the rest can be learned. Compliance also allows lawyers to marry their legal skills with other interests and strengths, like a passion for health care. And it’s not just banks. .quote-request-form-row button { Banks want direct comparable experience for senior positions, so if you’re eyeing a career in compliance, you’ll likely need to get in on the entry-level front. Published his op-ed in which he essentially destroyed Goldman Sachs, pursuing career. This person really speaking to me? ” be said about senior people last when! Key compliance job is to complete your client ’ s a growing need for skilled workers! An essential component in identifying and mitigating the risk of fraud working on a trader! Goldman recommends candidates follow the headlines as they prepare for a big corporation you can now all... Not always please new customers or front-line bankers, but it has a valuable purpose for many compliance. In a big corporation, there isn ’ t happen at home, according to the current regulations file... Security, but it ’ s a growing need for skilled compliance specialists in the centre an. 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