Newsletter | Volume 1

Issue I
Issue II
Issue III
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Issue V
Issue VI
Issue VII
Issue VIII
Issue IX
Issue X
Issue XI
Issue XII
Issue XIII
Issue XIV
Issue XV
Issue XVI
Issue XVII

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The hottest area of corporate recruitment is the Governance, Risk or Compliance Officer

Fordham Law School has taken into account the increasing demand from the global business community for governance, risk management and compliance (GRC) professionals. Copenhagen Compliance® believes that it GRC is one of the most significant growth areas in legal education. The GRC course offerings globally have been adjusted to respond to the corporate and oversight demand.



As fines from global SEC type and supervision authorities bite large chunks off the quarterly profits, an important hiring spree for governance, risk and compliance staff is well under way. In a global economy that is struggling to create jobs, it is fortunate that at least one field is booming and will continue to boom for a long time, and that is GRC officers.

Hefty fines, settlements, and penalties have shaken the stakeholders, and the violent loss of reputation has created a bad standing with potential new employees. The FCPA and UKBA settlements have affected the non-financial companies. Therefore, global companies are forced to enter into a compliance (GRC) hiring spree. It is further expected that all over the world, governments, oversight authorities are still tightening business laws and regulations and upgrading their monitoring and enforcement activity, creating added jobs on both sides of the business fence.

Demand for qualified and experienced GRC officers

A senior Bank of England official estimated that, as a result of European compliance requirements, 70,000 new full-time jobs would need to be created. At the same time, rules like Dodd-Frank or EU competition laws necessitate tens of thousands of compliance positions. For many companies, focus on GRC processes is more than a stakeholder change; it is an entirely new way of monitoring methods of conducting business.

The corporate focus on governance, risk management and compliance (GRC) reflects the increasing demand for qualified and experienced GRC officers. It is not only the large financial institutions like HBSC that added 1600 to their compliance staff. J.P. Morgan Chase is adding a SWAT Team to the compliance organization, after agreeing to make billions of dollars in settlement payments.

Fordham Law's school and other new programs are robust compliance (GRC) platforms and is helping to supply ethically minded legal professionals for the growing demand. Among the school's initiatives is an LL.M. in Corporate Compliance, which welcomed its first group of students this fall.

The university program introduces law students to the field that offers not only employment prospects but also new challenges for development of the GRC law both as JD and LLM degrees. Many other global institutions are also designing compliance programs that include practical roadmaps and frameworks that are suitable GRC program implementations for the global corporation.

These educational programs include the customised GRC components relevant to current FCPA, UKBA, Dodd- Frank, EU competition law and enforcement of global tax planning regimes and other key regulatory reforms are reasons for the continued demand for GRC professionals.

Source; http://www.fcpablog.com, Wall Street Journal and own research