A recent article on Fortune looked at hiring for Compliance Officers in the wake of changing regulations, including Dodd-Frank and pending Volcker legislations. We thought we would look at the trend of job postings, skills required, and how hard-to-fill these job openings are.
In the past 60 days, more than 300 financial services firms have posted a total of 1,200 job ads for Compliance Officers across the US. This is a 49% increase compared to the same 60-day period in 2011. With the increasing regulations affecting banks and other financial services companies, seeing this increase in specialized hiring is not too much of a surprise.
Hiring Demand for Compliance Officers – 4 Year Hiring Trend
In addition, it may not be too surprising that New York, Dallas, and Chicago lead the US in hiring demand for these professionals. Recruiters in these 3 areas are likely to see challenges with sourcing enough candidates to fill job openings and will compete heavily for qualified talent. Our Hiring Scale™ shows that employers in New York City are seeing some of the most difficulties and longest time-to-fill. Here, job ads stay online for more than 6.5 weeks, about 1 week longer than average.
Hiring Scale for Compliance Officers – New York, NY (Hard-to-Fill)
Some of the commonly required skills listed in online job ads for Compliance Officers include:
- Microsoft Office
- Compliance testing
- Microsoft PowerPoint
- Internal audit
- Microsoft word
- Audit management
- Portfolio management
- Transaction processing
- Microsoft Project
- Microsoft Access
- Microsoft Excel
- Microsoft SharePoint
- Legal research
Some of the most demanded certifications for these candidates include:
- Certified Public Accountant (CPA)
- Certified Internal Auditor (CIA)
- Certified Fraud Examiner (CFE)
- Chartered Wealth Manager
- Chartered Financial Analyst (CFA)
- Juris Doctorate Degree
Are you recruiting for Compliance Officers? Try our online Hiring Scale™ to see how easy- or hard-to-fill these jobs will be in your area, average salary information, who you are competing with for talent, and where to find hidden candidates.