Huge data breaches exposing the personal information of enormous numbers of people have become a regular occurrence, manifested recently by hackers’ theft of the data of 500 million Yahoo users. The risks of data breaches can lead to identity theft and can be magnified as businesses use Big Data tools analyze masses of information to attempt to predict our behavior.
Last year, an article in the Wall Street Journal entitled “Compliance Officer: Dream Career” discussed the massive growth of compliance jobs, emphasizing hiring for new compliance positions in the financial services industry. Just last month, New York Comptroller Tom DiNapoli identified hiring in compliance as driving growth in Wall Street employment in the first half of 2015.
Employment opportunities in financial services compliance are booming for two interrelated reasons.