Risk, compliance professionals in high demand
Manpower Group’s 2019 Net Employment Outlook reported financial advice firms weren’t necessarily looking to expand their businesses right now, but wealth management job recruiter, SUPER Recruiter, has said risk and compliance officers are still in high demand.
SUPER Recruiters’ executive director, Sally Humphris, said the firm was experiencing the greatest demand from businesses seeking to acquire talented and experienced individuals in risk, compliance and governance functions, as well as data security.
“We can’t get enough professionals and are actively seeking well-experienced, proven people,” she said.
Humphris said the consequences of the Banking Royal Commission, combined with economic pressures and changing consumer preferences, meant that wealth managers required better risk and compliance insights.
Recommended for you
The Federal Court has imposed a $10 million penalty on Macquarie Bank for failing to prevent and control unauthorised fee transactions by third parties after an adviser fraudulently withdrew almost $3 million from his clients' Macquarie cash accounts.ransactions by third parties such as financial advisers.
A financial advice firm has seen a weekly decline of 10 advisers, with all moving to a new licensee, while Centrepoint Alliance continues its “growth story”.
Sequoia Financial Group has seen a top-level reshuffle as the chair of the board, John Larsen, steps down after five years in the position.
As statements of advice move into the rear-view mirror, Vital Business Partners explores how financial advisers are adopting innovative documentation strategies.