An asset manager’s compliance staff does more than just say “no” to their colleagues, they help win mandates.
….Asset managers no longer want someone who just tells colleagues what isn’t allowed, but instead someone who can offer creative responses to problems and propose new ideas, says Alan Johnson, managing director of Johnson Associates.

….Compliance as a career is a new concept. Previously, compliance was often an extra duty thrown on the operations team, and not something people actually sought out as a job, says Johnson. But as regulations continue to grow and dominate the industry, “compliance is only going to get bigger,” says Johnson. While not as “sexy” as other investment industry positions, compliance offers reasonable security and good pay, making it a very appealing career choice, he says.

FundFire / December 12, 2014