Banks’ crime fighters want to quit

Banks’ crime fighters want to quit their jobs

Banks could face an exodus of crime-fighting staff, as most compliance officers – who are responsible for making sure banks obey the law – want to quit their jobs.
According to a study from the British Bankers’ Association and LexisNexis, the biggest worry for regulatory, compliance, anti-money laundering staff is the risk that they could go to jail if they fail to stop rogue colleagues breaking the law.
As a result, 54 percent say they would leave the industry if an opportunity arose.
Banks have been recruiting compliance staff vigorously in recent years to cope with the rise in regulation, including rules designed to crack down on Libor manipulation, tougher rules on bonuses, stricter anti-money laundering controls and tighter affordability criteria on mortgages.
Failures in these areas have cost banks dear. The PPI mis-selling scandal has cost Britain’s banks £24bn so far, while the global investment banking industry overall has paid $219bn in litigation costs from 2009 to 2014, according to a new study from credit ratings agency Moody’s.
A shortage of relevant skills has driven pay up sharply as a result of the imbalance of supply and demand. According to recruiters Robert Half, junior compliance staff can expect to see their pay rise by an average of 6.8 percent on the year, with similar pay rises seen for senior operational risk staff.
As a result, the report found that major international banks are spending £700m to £1bn per year on financial crime compliance. Yet staffs are still thinking of quitting because of the extraordinary pressures of the job.

Kết quả (Anh) 1:

Banks ' crime fighters want to quit their jobsBanks could face an exodus of crime-fighting staff, as most compliance officers-who are responsible for making sure banks obey the law-want to quit their jobs.According to a study from the British Bankers ' Association and LexisNexis, the biggest worry for regulatory, compliance, anti-money laundering staff is the risk that they could go to jail if they fail to stop rogue colleagues breaking the law.As a result, 54 percent say they would leave the industry if an opportunity arose.Banks have been recruiting compliance staff vigorously in recent years to cope with the rise in self-regulation, including rules designed to crack down on Libor manipulation, tougher rules on bonuses, stricter anti-money laundering controls and tighter affordability criteria on mortgages.Failures in these areas have cost banks dear. The PPI mis-selling scandal has cost Britain's banks was £ 24bn so far, while the global investment banking industry overall has paid $ 219bn in litigation costs from 2009 to 2014, according to a new study from credit ratings agency Moody's.A shortage of relevant skills has driven pay up sharply as a result of the imbalance of supply and demand. According to recruiters Robert Half, junior compliance staff can expect to see their pay rise by an average of 6.8 percent on the year, with similar pay rises seen for senior operational risk staff.As a result, the report found that major international banks are spending £ 700 m to £ 1bn per year on financial crime compliance. Yet staffs are still thinking of quitting because of the extraordinary pressures of the job.

Kết quả (Anh) 2:

Banks' crime fighters want to quit có jobs could face an exodus of Banks crime-fighting staff, compliance officers as nhất - who are responsible for making sure banks obey the law - want to quit ask for their jobs. ACCORDING to a study from the British Bankers 'Association and LexisNexis, the biggest worry for Regulatory, compliance, anti-money Laundering staff is the risk mà go to jail if chúng could fail to stop rogue chúng breaking the law Colleagues. As a result, 54 percent say would leave the industry chúng if an opportunity arose. Banks được Recruiting compliance staff to cope vigorously print recent years with the rise print regulation, to crack down kế gồm rules on Libor manipulation, tougher rules on bonuses, stricter anti-Money Laundering and tighter controls on mortgages affordability criteria . Failures In These Areas have cost banks dear. The PPI mis-selling scandal has cost Britain's banks £ 24bn so far, while the Global Investment Banking industry overall has paid $ 219bn print litigation Costs from 2009 to 2014, the theo a new study from credit ratings agency Moody's. A shortage of the relevant skills has driven up sharply as a result pay of the imbalance of supply and demand. Theo recruiters Robert Half, junior staff can expect to see compliance ask for their pay rise by an average of 6.8 percent on the year, with similar pay rises seen for senior operational risk staff. As a result, the report found major international banks are spending mà £ 700m to £ 1bn per year on compliance Financial crime. Yet are still thinking of quitting staffs of the extraordinary pressures vì of the job.