Risk and compliance hiring in the Middle East is strengthening, say recruiters

Demand for risk and compliance professionals remains high in the Middle East, driven by regulatory pressures to improve in this space, say recruiters. This comes at a time when many banks in the US and Europe are ditching staff as part of cost-cutting measures.

Regulators in the region have been pressing firms to improve controls over the past year – for instance, the Dubai Financial Services Authority has publicly chastised both E*Trade and Saxo Bank for deficiencies in anti-money laundering