In an age of ‘compliance officer 2.0′, more is expected of the profession, conference hears

REUTERS/Mitch Dumke

Risk and compliance professionals have become in high demand in recent years, but more is also expected of them, an industry conference in Hong Kong heard. In particular, compliance officers are expected to exhibit greater business savvy and help drive their organisations forward, said one regional compliance head.

“We’re in the era of ‘compliance officer 2.0′,” said Benjamin Bair, managing director and head of corporate and investment bank compliance for Asia-Pacific at Barclays. He said the days when compliance specialists could sit in a corner and simply interpret regulations and study financials while gauging institutional compliance were long gone.  (more…)