Compliance jobs are no longer as hot as they were. Banks begrudgingly hired more compliance staff as regulators clamped down after the financial crisis, but not only has this slowed, there’s increasing talk that some jobs will be automated as the robots take over.
Nonetheless, in the senior ranks, there remains a battle for the best compliance professionals and Goldman Sachs has been hiring.
Joanna Redgrave, the former co-head of EMEA securities compliance at Goldman Sachs who left for a senior role at J.P. Morgan two years ago, has returned to the bank in a senior compliance role related to its trading floor, recruiters suggest.
Also in London, Goldman has a new head of EMEA corporate governance in Carolyne Hodkin, who joined the U.S. bank from Santander earlier this month.
Goldman has been hiring for compliance in New York too. Earlier this month, it brought in Darian Futrell, a managing director at Deutsche Bank, as an MD within its corporate finance compliance division. Futrell too is a former Goldmanite, having left as a VP for Deutsche Bank in January 2016. - In other words, the last year has been good in terms of fast-tracking his career.
Goldman hasn't just been building its compliance team though. Alan Cohen, the former head of compliance at Goldman Sachs, left in January and was replaced by controller and chief accounting officer Sarah Smith. He's since re-emerged this month as a senior policy adviser to Securities and Exchange Commission (SEC) chairman Jay Clayton.
Goldman is currently hiring for analysts and associates within its securities compliance division in London, but has the most live roles in New York for compliance professionals across securities, investment banking division and asset management. Still, to some extent the compliance boom has cooled and recruitment has shifted towards technology. Of the 2,000 job listings at Goldman Sachs in September, analysed by CB Insights, 46% were in technology. Compliance, meanwhile, had the sixth largest number of roles - behind operations, investment management, securities and finance.
Goldman Sachs didn't respond to requests for comment. In other senior compliance moves, Erik Mogavero, a managing director within its asset management compliance division, has joined investment manager Nuveen Fund Advisors as its new chief compliance officer.
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