The Young and the Restless: Financial Services Compliance Officers
Here’s Institutional Investor’s 20 Rising Stars of Compliance and they’re young and they’re restless. They’re young because the average age of these regulatory compliance pros is 35. They’re restless because they specialize in regulatory compliance for anti-money laundering, financial crime, international regulation, risk management, IT and auditing.
Bank Secrecy Act compliance is a tough job, compounded by ambiguous regulations and the fear that a slip-up can aid drug traffickers and terrorists — not to mention cause bad publicity for your financial institution.
Regarding some of the issues facing compliance officers, Institutional Investor pulled together some great quotes from its rising stars:
“In compliance we struggle with the sometimes competing visions of those we serve, such as our business clients, compliance and legal department colleagues and external regulators.” — Paula Bosco, Lehman Brothers
“Clients hold all of their fund managers to the same high standards and expectations. But for small and newly-established groups, implementing best practices can create particular challenges.” — Alexandra Gardiner, EMAlternatives
“It is incumbent on a compliance officer to continuously re-examine the risks associated with our industry and those specific to his firm in order to help prevent violations of laws, rules and regulations and to protect the reputation of his firm and the integrity of our industry.” — Alan J. Herzog, A.G. Edwards & Sons
If this post draws any of you 20 Rising Stars of Compliance to Identity Resolution Daily, we’d love to have you contribute a guest post to our Knowledge Center.
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