Extract from IDS Executive Compensation Review 327

Compliance specialists

With financial regulation coming under the spotlight following the widely publicised problems of Northern Rock and Sociétié Generalé, more than ever the focus is on the role of compliance professionals. This month, we take a look at what impact recent developments are having on the job market for compliance specialists.

Despite evidence that the ‘credit crunch’ is forcing some investment banks and hedge funds to lay off compliance staff, recruitment specialists in the field continue to report a shortage of skilled candidates and are hopeful that the profession will ride out any economic slowdown. But it is not only the level of demand that characterises the job market for compliance staff – there has also been a change in the type of candidate organisations are seeking to recruit.

Detailed tables provide indications of the typical salary rates and bonuses received by compliance specialists, with tables looking specifically at job region and industry sector. A table providing selected advertisements for compliance specialists by named and type of organisation is also included.