Regulatory pressure boosts demand for compliance monitoring and surveillance experience

After a slow start to 2019, the market for hiring compliance professionals has picked up. Medium to smaller-sized institutions have mainly been responsible for this uptick in recruitment, write Caleb Hawkins and Leo Bellometti.

Caleb Hawkins is head of compliance and Leo Bellometti is senior consultant for compliance at recruiters Morgan McKinley (www.morganmckinley.co.uk).

What has the compliance hiring landscape looked like in the first half of 2019?

The hiring of permanent compliance professionals has increased as the year progressed towards Summer, after a slow start to 2019 that was quieter than the same periods in recent years. Most of this hiring has come from the medium to smaller institutions, whereas large wholesale banks and brokerage houses have been less active. In addition, asset managers continued to hire throughout the second quarter across various areas of compliance.