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Under Regulatory Pressure, New Compliance Chiefs Must ‘Hit the Ground Running’
By Brian Monroe
printIf you aren't certain that the Bank Secrecy Act job market is unusually active these days, ask anyone who has recently taken an executive position in a compliance department facing regulatory scrutiny. The message they're hearing: move quickly or move out of the way. Since January of last year, JPMorgan Chase & Co., Citigroup Inc., HSBC Holdings Plc and Standard Chartered Bank have collectively hired at least 3,800 compliance staffers to improve their anti-money laundering (AML), trading and lending policies. The hiring spree has coincided with turnover of top AML and risk compliance officers at some of the world's largest...
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