Saturday, 30 May 2015

Crumbling in compliance: How the middle office became one of the most stressful finance jobs

From e Financial Careers –

“Compliance professionals in banking are hot property. They can name their price (to an extent) when taking new jobs and pay is spiralling as banks struggle to meet demand for the thousands of extra staff they’re taking on. But compliance professionals are also leaving in ever-greater numbers.

“There’s a lot more pressure than when I first started out,” says one director in compliance advisory who quit last year to start his own entertainment firm. “Expectations are higher, visibility is greater and internal resistance to enforcement adds to the stress.”

Compliance teams were always viewed internally as the ‘police’, but increased scrutiny internally has only added to the pressure of the job.”

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