A third of employers anticipate compliance skills shortages

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Research from Robert Walters has revealed that 27% of employers anticipate a shortage of compliance professionals in the second half of the year.

With scrutiny of banks and financial services institutions still high, employers are acutely aware of the financial and reputational risks of failing to comply with legislation and guidelines. This has resulted in a continuing demand for compliance professionals.

“Compliance hiring will remain healthy during the second half of the year as banks and financial services firms look for top talent to adapt to new legislative frameworks,” said Chad Lawson, Associate Director at Robert Walters.

Need for mid-level professionals

While economic uncertainty may leave many employers hesitant to commit to recruitment in some areas, mid-level professionals are set to be in highest demand, with three out of four employers looking to recruit at this level. 

“Professionals at mid-management level who can demonstrate a combination of strong technical abilities and soft skills are likely to be in high demand,” continued Lawson. 

Key hiring areas

Compliance specialists with key skills and experience in the trade surveillance, regulatory advisory and sanctions fields are likely to be highly sought after.

Professionals at mid-management level who can demonstrate a combination of strong technical abilities and soft skills are likely to be in high demand.

Additionally, we have seen opportunities for professionals with a background in related fields to move into a compliance role as employers become more willing to take candidates with transferable skills.

“Professionals from other fields, such as legal and risk, also have the potential to secure highly desirable compliance roles if they have transferable skills and can demonstrate the ability to adapt,” continued Lawson.

“Compliance specialists who also have experience overseeing large change projects and collaborating effectively with other stakeholders are likely to be the most highly sought after.” 

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