INDUSTRY NOTES:
1.2 Million New Compliance Officers And Examiners Will Soon Be Needed
Published on Fri Jan 01, 2010
DOL predicts an 18% rise in demand for compliance professionals. According to a handbook released by the United States Department of Labor, financial examiners and compliance officers are among the 30 fastest growing occupations in the country. With the economic recession finally on a downturn, the business and financial operations occupations segment is slated to show an 18 percent growth, over the period 2008-2018, resulting in 1.2 million new jobs according to the DOL handbook -- Occupational Handbook and Career Guide. Following are a few predictions about the finance industry that the handbook makes: The finance and insurance industry is expected to grow by 5 percent in the period 2008-2018. Demand for financial examiners will grow by more than 40 percent in the same period. This spurt will be caused mainly because of an increase in financial regulations. With the administration's new drives, especially in the healthcare industry, [...]