} Have you got the professional know-how? background-color: #ffffff; Salaries are strong. The job can be boring yet stressful, and the pay isn’t all it’s cracked up to be (so we’re told). which means you can now find all your favourite courses right here. Being able to recognise, track and report millions of dollars in cartel drug funds channelled through corporate service providers and bearer shares may be sexier than working out the finer points of which roles exactly are captured by provision 3.6.1 in the conduct of business sourcebook and how that in turn impacts (or otherwise) on the principles covered in Appendix 6 section 9B.426.01. A strong compliance program is an essential component in identifying and mitigating the risk of fraud. .quote-request-form .ui-submit .ui-btn-inner { text-shadow: none !important; color: #ffffff !important; font-weight: bold !important } .quote-request-form-row button { Risk and Compliance professionals the biggest winners, 4 things you didn’t know about becoming FCA qualified. However, with the evolution of business landscape, the role of finance has evolved and become more challenging. color: #ffffff; float: none; Save. eFinancialCareers is a DHI service .quote-request-form-form .testRequest label { position: relative; margin: 0 !important; font-size: inherit;} } This post is the continuation of the last post. Designing a new product? .rating-single div { margin-bottom: 5px; clear: both; } Don't worry - you can still do all the things that you could do before. “You’re well-respected and well-regarded as a junior person,” said one of the employees. .quote-request-form-form .testRequest label { position: relative; margin: 0 !important; } You invest in better, more knowledgeable compliance staff - which of course creates opportunity for compliance-minded professionals. Do you agree? display: block !important; On October 15th, hotcourses.com moved to findcourses.co.uk - The answer was yes. That’s fine. @media (max-width: 750px) { .quote-request-form-form .testRequest { clear: both; position: relative; top: 6px; margin: 0 8px 0 0 !important; padding: 0 !important; display: flex; } font-weight: bold; width: 100%; And it’s not just banks. Treasury management is a rewarding, exciting and varied career that helps shape the future of an organisation’s financial strategy. The BLS also notes above-average growth projections for accounting jobs: 10% between 2016 and 2026, with 1.5 million employment in 2026. 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. Thorough KYC/CDD compliance may not always please new customers or front-line bankers, but it has a valuable purpose. How many people can say that their jobs are interesting? There was an error with your request. Some of the reasons as to why you should pursue a career in quality, that we can list out are given below: From good to great: } .quote-request-form-row { overflow: hidden; margin-top: 12px; } Forget traditional roles in business finance. } text-shadow: none !important; Team Prosple. .htmlpage-content .input-container td { padding: 0 !important; } .quote-request-form input[type=text], .quote-request-form input[type=email], .quote-request-form input[type=tel], .quote-request-form select, .quote-request-form textarea { width: 100% !important; } Leaked email suggests Big Four employees work longer hours than bankers, UBS made senior fixed income hires in New York and London, Computer science student shares long journey to job offer. Nearly nine out of 10 financial services executives find it a challenge to recruit skilled compliance workers. color: #666666; This is a cost-free and obligation-free service. background-color: #ffffff; We use cookies on our site to give you the best experience possible. But now the compliance professional is pretty much in the centre of an organisation. If it’s your first application for a compliance job then you … One of the employees is working on a large trader reporting rule that was just updated on Friday, for example. Compliance also allows lawyers to marry their legal skills with other interests and strengths, like a passion for health care. One of the employees was working in the office last year when Greg Smith published his op-ed in which he essentially destroyed Goldman Sachs. .quote-request-form-head { font-size: 16px; font-weight: bold; background-color: #1e88e5; color: #ffffff; } border: solid 1px #cccccc; Working in the compliance field gives me the opportunity to impact things far beyond a specific business or even a business bottom line. Part of the job is following the mistakes of others to make sure they don’t happen at home, according to Goldman. Something has happened and a firm is in breach of the laws/regulations with which it is bound to comply. Please try again. The impact goes as far as the international fight against terrorism to wealth inequality. But they both need doing. .quote-request-form-row { We'll help you reach them. So why should graduates consider a career in risk management? .quote-request-form-form legend { font-weight: bold; text-transform: uppercase; padding: 0 10px; } Compliance is a pretty good sector to be in if you want job security and a healthy paycheck. Very much in demand. Subscribe and get the latest news, discounts and giveaways sent straight to your inbox! 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. Compliance. margin: Financial advisers need to be qualified to perform the role they are given with an FCA-approved qualification. Well, alright, most of the time it’s interesting. Very good question in my opinion. Exposure to senior folks: Even junior people in the compliance office get to interact with senior thought leaders, said one of the officers. margin: A tax role has two main parts: compliance and consultancy. The same certainly can’t be said about senior people. Will you change jobs? font-weight: bold !important; To what sort of customers? Robert Walters released a hiring survey which confirmed the opportunities out there in compliance and the difficulties firms are encountering in sourcing the staff they need. So there we have it. Effective Compliance professionals will possess a combination of experience, relevant qualifications that enhance capabilities, and a good attitude and aptitude: A … .rating-options { background-color: transparent !important; } .quote-request-form-form fieldset { border: none; border: solid 1px #cccccc; margin: 20px 0; padding: 0 10px 15px 15px; } .quote-request-form-closertext { text-align: center !important; overflow: hidden; margin-top: 12px; font-weight: bold !important; } Maybe you’re not interested, maybe you’d rather drive a train. “Compliance is a perfect way to get into the industry and understand how the business works.” The same certainly can’t be said about senior people. width: 100%; text-align: center !important; “With compliance, you can come in with a non-traditional background and just dig in,” said one of the employees who majored in international relations and diplomacy. But what is compliance? Beecher Tuttle 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. .rating-single input[type=radio], .input-container input[type=radio], .input-container input[type=checkbox] { position: relative; top: 3px; } Compliance jobs are getting a lot of attention as a hot alternative legal career lately, as more lawyers are shifting into these roles. @media (min-width:751px) { This article was written for Findcourses.co.uk by David Robson, Head of Research & Development at International Compliance Training (ICT). There are some bits which are more exciting than others. Fair enough, but why should you bother? Let’s involve compliance! Much of the rest can be learned. ... For example operational, financial, compliance and security. .quote-request-form .rating-low { float: right; } 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. margin-top: 10px; I find this to be the most significant factor for me. Compliance workers tend to specialize in a particular reporting rule or regulatory issue, meaning you’ll be the go-to person when a certain concern pops up. border-radius: 3px; .quote-request-form input[type=checkbox], .quote-request-form input[type=radio] { float: left; margin-right: 5px; } Perhaps the industry''s gender problem stems from young girls'' perception of tech jobs. Step 2: Pursue Certification or Licensure. font-weight: bold !important; margin-top: 12px; .quote-request-form-row button { The work is always changing: New rules and regulations hit Wall Street on seemingly a daily basis, so the work stays fairly fresh. .rating-item input[type=radio] { position: relative; left: 7px; top: 5px; } From high marks for job satisfaction and growth potential to the ability to impact individuals and entire organizations in meaningful ways, here are four reasons why human resources stands out as a “best careers” choice: 1. No longer is it about box-ticking or rubber stamping. background-color: #43a047 !important; And big demand means good salaries. .quote-request-form input[type=text], .quote-request-form input[type=email], .quote-request-form input[type=tel], .quote-request-form select, .quote-request-form textarea { min-width: 150px; width: 100% !important; } You have a passion for making sure the company you work for follows the law / you think that protecting your customers is of the upmost concern. It is a developing and challenging discipline that has become a key business requirement, good risk management is a core part of the success of any business enterprise, in any sector across the globe. Most media coverage focuses on what are known as 'enforcement actions'. background-color: #43a047 !important; margin-top: 12px; Regulations and laws change so your job will change too. .quote-request-form-form legend { font-weight: bold; text-transform: uppercase; padding: 0 10px; } What delivery channels are you intending to use? Banks want direct comparable experience for senior positions, so if you’re eyeing a career in compliance, you’ll … Jennifer Scalise, a compliance expert and … According to the Bureau of Labor Statistics (BLS), accountants in the U.S. earn a median annual salary of $70,500 — nearly double the median wage of all occupations nationwide. A bit dull solving technically complex problems where you will need to be qualified to perform the role are! Offers high-powered opportunities in a big corporation you can now find all your favourite courses right here post, will... 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