Compliance officers are cashing in on the ever-growing pile of laws and regulations confronting companies around the world. Some are now earning well into the seven figures, reports Michael Grebb at Bank Technology News.
The work is enormous. Just the babks alone have to contend with Bank Secrecy Act and anti-money laundering provisions. Then there are the Sarbanes-Oxley rules, and Red Flag guidelines issued by the Federal Trade Commission and the federal financial institution regulatory agencies.
Companies are looking for people who not only know the laws and regulations but who also know how to communicate them. And the problem is there aren't that many experienced people around, which puts them in a very strong bargaining position when it comes to negotiating salaries.
Might sound an ideal spot for anyone coming out of law schools and business schools. But the trouble is there aren't that many coming out of those places saying they want to be a compliance professional. Yet.
no comment untill now