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What’s YouConnect’s perspective on the evolution of the role of the compliance professional across industries?
In recent years, we’ve observed growing demand for compliance roles across a variety of industries. Initially concentrated in financial services, compliance professionals have been in increasing demand in other sectors such as technology, healthcare and manufacturing.
This growth is primarily due to the increase in regulations, particularly European ones, like GDPR and CSRD, which have made compliance crucial for businesses of all types. A decade ago, compliance was often handled by a company’s legal advisor or integrated into other functions. Today, however, the growing volume and complexity of regulations often require dedicated professionals with specialist expertise.
New skills are now needed, including a deep understanding of industry-specific regulations, risk management and the ability to implement effective compliance programs. Additionally, compliance has become more strategic, playing a critical role in ensuring a company’s long-term sustainability.
Are there specific challenges involved when it comes to recruiting compliance professionals?
Recruiting compliance professionals presents several challenges for companies. Firstly, the job requirements are often highly specific, necessitating a unique combination of legal expertise, business processes know-how and risk management skills.
Secondly, there’s a shortage of qualified talent to answer the growing demand. Many organizations are looking to strengthen their compliance teams at the moment, resulting in a high level of competition for the top candidates. To attract the best talent, a strong employee value proposition is essential. Companies should emphasize the strategic and value-added role that compliance professionals play.
Additionally, the lack of a dedicated “compliance degree” means that compliance is often unfamiliar territory for those at the start of their career. Furthermore, compliance roles are occasionally perceived as less dynamic or engaging, which can deter interest, despite the critical importance and diverse challenges these positions offer.
Finally, it can be challenging to find candidates who combine technical expertise with the interpersonal skills needed to influence business decisions effectively.
What added value does a recruiter with specialization in compliance provide?
Engaging a recruiter specializing in compliance is crucial for several reasons. First, we have a deep understanding of the complexity of compliance roles and the specific skills required, allowing us to effectively assess both candidates and client needs, providing a strong foundation for sustained success. By leveraging our extensive network of seasoned compliance professionals, we access a talent pool that might otherwise be unreachable for companies, significantly expanding the quality of potential hires.
Moreover, we also make efforts to stay up to date with the latest trends and regulatory requirements, which helps us to identify candidates with the most relevant skills. Our expertise also allows us to advise companies on structuring compliance roles and designing competitive compensation packages. Finally, our targeted approach saves time and resources for companies by presenting only relevant candidates, ensuring a smoother hiring process and a greater likelihood of a successful, lasting placement.
Tell us a bit about the YouConnect approach to recruiting compliance talent.
At YouConnect, our approach to compliance recruitment is grounded in a deep understanding of the sector and each client’s unique needs. We begin with a detailed analysis of the position and company culture, ensuring we know exactly what our client is looking for. From there, we use our extensive network and advanced search-techniques to identify the most suitable candidates.
Our rigorous selection process includes in-depth interviews and assessments of both technical and behavioral skills. Our specialist knowledge of the compliance field allows us to better understand job requirements and more accurately evaluate candidates. Additionally, we provide strategic advice to companies on the evolution of compliance roles and the current market trends.
On the other hand, we also prioritize building strong, trust-based relationships with our candidates. We invite them to roundtables and other events. We ensure they are thoroughly informed about each vacancy, helping them make well-considered decisions about whether a position is the right fit for them. Throughout the selection process, we provide close support, ensuring candidates feel guided and supported every step of the way.
Ultimately, our goal is to create the perfect match between the candidate and the company, ensuring successful and long-lasting placements.
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