After Dodd-Frank regulations took effect, the need for compliance officers began to increase in the banking industry – and now with the Volcker Rule taking effect this coming July, jobs in compliance are going to be in even more demand. In fact, many job resources are already reporting surges in compliance hiring, particularly in major cities such as New York, Chicago, and Dallas. From major investment banks, to regional and community banks, compliance officers will serve a major role and often report directly to top tier management.
Considering a job in compliance? It’s certainly worth looking into! Banks are looking for all ranges of experience; while chief compliance officers will need to have extensive experience, other firms offer training for entry- and low-level hires. In addition, compliance salaries can range from $70,000 to $90,000 at smaller banks and over $150,000 at investment banks and hedge funds. Want to learn more? Click here to review jobs in compliance on OneWire!