Compliance Professionals Find the Job Varies Greatly from One Institution to the Next

By Colby Adams

Compliance officers who have relocated to different cities or even taken a better paying position at a bank down the street often learn quickly that the one-size approach to compliance does not fit every financial institution. In fact, changing jobs usually entails getting a handle on new rules and regulations, learning a new market and customer base and earning the confidence and respect of other employees as well as state and federal regulators. One Manhattan compliance officer compared the Long Island domestic bank he left recently with the large foreign export bank he now works for. His former institution maintained...