The only way is up
Until now, op risk and compliance professionals have not been as well remunerated as their counterparts in other risk disciplines. However, with increased demand for those with the right skills, this looks set to change. Peter Madigan reports
When asked how they got involved in operational risk, many risk managers say they just drifted into it. But regardless of how the people running risk and compliance teams entered their respective fields, nowadays regulations such as Basel II, Sarbanes-Oxley, the Markets in Financial Instruments Directive and others are fuelling demand for professionals like them on both sides of the Atlantic.
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