The 20 Rising Stars of Compliance 2007 - (Page 11) “ It’s one of the few areas on Wall Street where you can build a career and not worry about being eliminated.” DANIEL SOLO Solo. “Fixed income has been an area of need for the last three to four years. Compliance will continue to follow with that.” Technology Compliance officers and recruiters believe that the most sought after candidates over the next three years will be tech-savvy compliance offices. Can You Solve the 22c-2 Puzzle? Access Data SalesVision® provides an integrated, comprehensive solution to a complex problem. Access to intermediary data Flexible compliance rules Powerful analytical tools Analysis and alerts With these skills, a compliance officer can earn the higher side of the salary scale, for example, starting at $350,000 for a chief compliance officer. Compliance officers need to turn increasingly to vendors for compliance monitoring functions so tech-savvy compliance officers are in demand. “The numbers keep on growing,” said Carter, Global Crown Capital’s CCO, about these recruits. Compliance officers who have experience with multiple types of computer systems will see doors open because of it, said Lord. “You’re all the more marketable,” he said. “Experience in technology is going to be an asset.” Lord said the job itself does not even need to be tech-driven. Some firms have been at the forefront of a trend in approaching compliance as a function in technology. Carter, a former compliance director at E*Trade, takes that approach at Global Crown. He has two compliance officers dedicated to technology: a director of technology compliance and as assistant officer. Carter concedes that finding compliance officers with a good technology background is a challenge. But they are needed because regulators expect data analysis of transaction reports as well as electronic communication tracking, he said. As compliance has become ingrained in firms’ various businesses—as seen by the range of experience now required of compliance professionals—it is becoming immune to market volatility compared with a position strictly on business side, said The Response Cos.’ Solo. “It’s one of the few areas on Wall Street where you can build a career and not worry about being eliminated,” he added. SEPTEMBER 2007 SalesVision is the only solution in production today protecting financial service firms representing over $2 trillion in assets under management. www.accessdc.com http://www.accessdc.com http://www.accessdc.com
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