More compliance jobs open as Hong Kong banks set to lead Basel regulations in 2018

Those with AML and KYC skills are poised to be the most sought-after.

Candidates with highly technical skills on compliance are set to benefit as more recruitment opportunities open up with Hong Kong set to take the lead in Basel compliance and stress testing talent in 2018, according to Hays Asia Salary Guide. 

The Basel are three sets of international banking regulations set by the Basel Committee on Bank Supervision which seeks to improve on the financial services sector ability to deal with stress and enhance risk management capabilities. 

The recruitment market in compliance was abuzz with activity the previous year amidst a stringent regulatory environment and this is set to extend till 2018 with anti-money laundering (AML) and know your customer (KYC) poised to be the most sought after in the compliance market. 

“In internal audit, we expect high demand for talent to fill positions across compliance, CIB and treasury audit,” the report noted, adding that demand will come as banks from the Mainland expand their operations. 

Insurance audit is also opening new recruitment opportunities in the market as there is an anticipated robust demand for in-house experience due to complex distribution models and steady growth across the APAC region.