Compliance and anti-money laundering staff are in hot demand in the Nordic finan...
COPENHAGEN - Compliance and anti-money laundering staff are in hot demand in the Nordic financial sector following tougher regulations and a string of scandals involving the region’s top banks Danske Bank, Nordea and Swedbank.
“We’ve become the new ‘business rock stars’,” a Copenhagen-based compliance professional told Reuters. Danske Bank said last month it would take on an extra 600 compliance and anti-money laundering staff this year. It has already quadrupled the number since 2015 to 1,200. Jobindex, a major Danish job site, posted almost 1,500 job adverts containing the word “compliance” last quarter, up from less than 200 per quarter a decade ago.
Sweden’s Handelsbanken, for example, said that as well as hiring more people banks could develop IT systems and use artificial intelligence in areas such as fraud prevention.
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