Wall St banks ease off on compliance hiring
The Financial Times article, “Wall St banks ease off on compliance hiring,” quoted Russell Reynolds Associates Consultant Cynthia Dow about the slow-down in compliance specialist hiring. The article is excerpted below.
A golden era for Wall Street careers in compliance is drawing to a close as the wave of regulations introduced after the crisis reaches a peak, say financial recruiters.
The figures were a sign, recruiters say, that demand for compliance specialists has cooled — even before the incoming Trump administration gets a chance to cut red tape.
“We were seeing just explosive growth in 2014 and 2015,” said Cynthia Dow, a legal and compliance specialist at Russell Reynolds Associates, the executive search group. “Hiring has levelled off.”
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