What do you consider are the greatest challenges ahead for those working in Compliance/ Financial Crime?
Every industry is undergoing some form of transformation or another, especially in the last couple of years. The compliance and financial crime fields are no different, and in fact both have been in a period of transformation for some time now. Criminal organisations continue to evolve in order to exploit new technologies and perceived weaknesses. As a financial services community, and particularly in the context of compliance, it’s critical that we evolve in how we detect and prevent financial crime; this requires the use of technology.
The “typical” compliance officer or function is evolving which creates lots of opportunities . This may also seem daunting so recruiting for this space is likely going to evolve too. This requires different perspectives and skills, as well as collaborative and innovative thinking. If you’re thinking about a career in compliance but don’t think your skills or experience fit, I am certain there’s a role for you!