How ironic - Is compliance now the riskiest jobs in banking ?

Axe In Tree Stump

One slip and you're out.

The Financial Times reports that compliance was never supposed to be a high-stakes job in finance. For thrills and big pay, the natural choices were investment banking or trading. But that is changing. As the consequences of breaking the rules have increased dramatically, the internal staff policing activities at JPMorgan, Citigroup and elsewhere have become more numerous, better paid and far more in the line of fire.

One industry veteran likens it to American football and asks whether we really want compliance to be the same sort of career: hard, short but well-compensated as a result, with $10m salaries for the top players.

Compliance officials can earn seven figures, although with the pay comes a newly-heightened risk of job loss.

Hit the link below to access the complete Financial Times article:

Bubble could burst on boom in bank compliance units

UK’s top 5 banks slash bonus pools by more than £1bn

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts