Banking Risk and Regulation reposted this
For the Financial Times, Managing Partner John Gilmore weighs in on key factors in recruiting and retaining Chief Compliance Officers. #compliance #recruitment #HR #ChiefComplianceOfficer
💼 US chief compliance officers with “smarts and self-awareness” are prioritising workplace culture over dollars when weighing up moving to a competitor. ⚖️ Fear of burnout and being able to exert influence in a new job have a major bearing on whether or not to jump ship, says John Gilmore, co-founder of executive search firm BarkerGilmore LLC. 📊 It found nearly two-thirds of CCOs at US banks and financial institutions don’t primarily ‘follow the money’ when searching for opportunities. 🔍 Some 63 per cent of responders to a survey for the recruiter said solely ‘compensation-motivated’ job searches ranked low or very low to them, compared with 37 per cent who said it mattered highly or very highly. 🧠 “A smart chief compliance officer is someone who has the self-awareness to understand it’s not all about the money because you have to be careful about what you’re buying into,” he says. 🎯 CCO roles are particularly multifaceted and high-pressured, requiring people skills and emotional intelligence as well as technical ability, Gilmore explains. Story by John Crowley. Read more below. https://lnkd.in/eNi9ckYF #Recruitment #ChiefComplianceOfficer #BankRecruitment