Despite economic challenges in the U.S, Compliance officer position has been overcoming them, its number of people employed and their salaries have always been on the rise. The reason for this is that Business laws and regulations have been tightened such that any failure to honor them results in huge penalties and fines.
There has been a hiring spree of these compliance officers in most companies. The compliance team was set up and in a company like HSBC indicated that 1,600 new compliance officers were hired last year alone.
If you want to become a compliance officer you need to be highly informed in all the regulations affecting businesses across the world. Its doing prevention on any risk that may come your way doing some business. Company executives or managers need to guided on this, hence the need to have a team of compliance officers who help the company save millions if not billions. If you want to start this career, better be smart since its full of complexities. All the best though.
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