Here’s some good news for compliance officers from the Wall Street Journal’s Sam Rubenfeld:
. . . Though the number of jobs on Wall Street in risk and compliance isn’t broadly tracked, industry players and recruiters say anti-money laundering compliance has seen a boom in recent years.
The unemployment rate for compliance officers in the fourth quarter of 2014 was 2.4%, according to the U.S. Bureau of Labor Statistics, compared with an overall jobless rate of 5.7% in the same period.
Compliance salaries also continue to rise, according to the latest data compiled by Robert Half International Inc. The projected national average starting salary in 2015 for a compliance officer at a small company ranges from $82,500 to $108,500. It rises to $99,750 to $132,750 at a midsize company and to $109,500 to $150,000 at a large company, the Robert Half data show.
The focus of Rubenfeld’s story was the launch at the University of South Florida of a graduate certificate program in compliance, risk, and anti-money laundering.
USF also developed a concentration on compliance, risk, and anti-money laundering for its MBA program, the story said.
Richard L. Cassin is the publisher and editor of the FCPA Blog. He can be contacted here.