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
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