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50 Percent of Regulatory Staff in Banking are Looking for Career Change

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Anti-money laundering staff, regulatory officers and compliance specialists are aiming to change careers

As increasingly stringent regulations take effect, the risk of penalties or incarceration is driving banking staff responsible for regulatory adherence to seek alternative careers.

Banking used to be a highly desirable career for an array of professions, not simply for those working directly in financial services. Core support staff in regulatory and compliance disciplines also enjoyed superb packages, prospects and rewarding jobs in one of Britain’s largest and most revered sectors.

However, the credit crunch and subsequent recession put pay to the elevated role of banking in Britain. The strict new rules that are now being enforced by regulators mean that many anti-money laundering staff, regulatory officers and compliance specialists are aiming to change careers.

SOURCE: recruitingtimes.org