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: