Salaries for compliance heads skyrocket

Times are good for regional and global compliance heads at the big banks, where salaries have gone up as much as 50% in the past two years, reports FT.com.

“Recruiters Hedley May warn that the market for experienced compliance officers is overheating, as big institutions compete for former regulators and steal each other’s staff. Among the 15 biggest banks that are internationally active, 28 global and regional head of compliance positions have turned over in the past two years, compared with a historical average of five a year,” the report says.

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