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Smaller banks, private equity firms and hedge funds are on the lookout for compliance professionals in response to Dodd-Frank, which will require many of these firms to register with regulatory bodies for the first time. Thousands of institutions will be hiring.
Months before financial regulation reform passed in July, firms had already started planning for the inevitable new registration requirements and monitoring. And it's no surprise: According to the Bureau of Labor Statistics, compliance is one of the fastest-growing industries. The agency projects a 31% increase in compliance employment from 2008 to 2018.
While mass hiring won't be immediate, firms are expecting to fill many compliance slots over the next several months.
Compliance Hiring: Thousands of Hedge Funds, PE Shops and Community Banks - Finance and Accounting Jobs News and Advice
Months before financial regulation reform passed in July, firms had already started planning for the inevitable new registration requirements and monitoring. And it's no surprise: According to the Bureau of Labor Statistics, compliance is one of the fastest-growing industries. The agency projects a 31% increase in compliance employment from 2008 to 2018.
While mass hiring won't be immediate, firms are expecting to fill many compliance slots over the next several months.
Compliance Hiring: Thousands of Hedge Funds, PE Shops and Community Banks - Finance and Accounting Jobs News and Advice