Employment opportunities for compliance managers should be good during the next decade. "As businesses race to address an array of consumer-focused compliance requirements, from anti-money laundering laws to corporate accounting mandates, the demand for compliance officers continues to grow," according to the staffing firm Robert Half.
More companies will seek compliance managers to guide and inform them on the steps they can take to operate in accordance with regulations and standards, and to keep them apprised of changes to laws that may affect their organization.
Growing regulatory oversight in some settings is increasing demand for compliance managers. For example, stricter regulations (especially in some states) are imposing hefty fines on companies for violations of government and industry regulations. For example, stricter anti-money laundering laws have increased the need for compliance managers in financial institutions.
Compliance managers with considerable experience, industry expertise, and knowledge of emerging issues that have the potential to affect compliance (such as artificial intelligence) will have the best job prospects.
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