Compliance
Business compliance is a vastly complex area of the working world, and as a result, it’s home to a huge array of roles and responsibilities. Navigating the ever-evolving regulatory laws can be extremely difficult without the help of a talented and dependable compliance function, especially when the evolution of modern tech changes the face of business on what seems like an everyday basis.
Compliance jobs can include titles such as ethics officer, compliance manager, financial compliance officer, compliance monitoring administrator, and many others. In the business protection space, many roles tend to overlap. From increased productivity to greater rates of employee satisfaction, a great compliance function doesn’t just benefit the backend of the business, it enriches every aspect of the operation.
Investing in compliance shows that business cares about the employees and the safety of the brand, acting as a good morale booster and an extra line of defence against outside (and inside) threats. In the financial sector, compliance professionals are responsible for ensuring that markets are as fair and transparent as possible, while making sure to adhere to any outside regulatory requirements. Without the talents of these individuals, organisations would not be scrutinised for unethical practices, and ultimately, the consumer is the one who pays the price.
In the UK, financial compliance is monitored incredibly closely – failure to comply with the stringent regulations can result in more than just substantial fines. Poor compliance practice can leave companies susceptible to lawsuits and open to financial crime.
There are many different types of financial compliance risk to watch out for too, five of which include:
•Liquidity Risk
•Credit Risk
•Legal Risk
•Operational Risk
•Investment Risk
To ensure that your business remains compliant as it evolves, you’ll need to have the right people on board.
A great compliance officer makes sure that your processes keep in line with every regulation, both internally and externally, and that your business keeps up with the times. Compliance professionals are in demand right now, particularly in the legal and financial sectors, but there are many different fields to work in, so don’t be afraid to look further afield if you’re searching for a rewarding new career.
At Broadgate, we specialise in placing compliance talent into roles where they can truly thrive, and we take a people-first approach to recruitment to ensure that all our candidates have the chance to progress in an environment that they belong in. Our DEIB-led hiring methodology, our expansive community network of talent, and our industry expertise have enabled us to help people find their dream careers in industries all over the planet. If you feel like now is the right time to jump into a new role, then we can support you along every step of the way, just reach out to the team, we’re happy to help.
Conversely, if you’re the one doing the hiring, then we can help find you the talent that takes your team to the next level. We have a wealth of experience in hiring compliance professionals in both an interim and a permanent capacity, from the executive level all the way through to junior compliance jobs.