We have just released our 2021 Compliance Roles Salary Benchmark report for the UK. The report also highlights the latest challenges facing leaders managing regulatory compliance, financial crime, operational resilience and vulnerable customers.
Scroll down to download the full report.
Long gone are the days where compliance was a tick box exercise and far from a business priority. Now our clients see a robust and well-run compliance function as essential to their growth and sustainability.
Businesses that have an old school approach will at best, lose talented people who want to work with an employer that values their contribution, and at worst, fall foul of the regulatory authorities.
We’ve seen high profile cases such as the Wirecard fraud in Germany and large fines handed out to some of the biggest financial institutions including Goldman Sachs in the US, where a lack of stringent compliance processes was to blame.
The FCA’s Financial Lives 2020 survey showed that by February 2020 46% of UK adults displayed one or more characteristics of vulnerability. The FCA’s Covid-19 panel survey found that this had increased to 53% of UK adults in October 2020, showing that there were many more people who found themselves at greater risk of harm due to the pandemic and its effects.
Our salary benchmarking report will be useful for candidates seeking a new role and for employers seeking to re-evaluate salary and benefits packages within regulatory compliance roles.
Download the full report here now>
If you have a specific technical asignment please email Patrick McMahon, our Head of Compliance Recruitment at patrick.mcmahon@thefourthline.co.uk
Alternatively you can book a call with Patrick here>