Demand for specialist legal and compliance professionals has surged in the banking, financial services and insurance (BFSI) sector in the past year with banks, non-banking financial companies (NBFCs), insurance and fintech companies beefing up their senior leadership teams, reports
Demand for specialist legal and compliance professionals has surged in the BFSI sector in the past year. Companies are seeking to bolster their in-house legal teams with chief legal officers, chiefs of compliance, and general counsels. The demand is driven by stricter regulatory guidelines, evolving governance structures, and accelerated digitization of the legal system. Companies are also focusing on fair practices and regulatory adherence.
Demand for legal and compliance professionals in the BFSI sector has surged, with companies making key appointments to strengthen regulatory adherence. There has been a sixfold jump in managing director level movement in legal and compliance functions. The need for skilled senior compliance professionals has increased, especially in the BFSI sector. Financial institutions are recruiting senior compliance officers to ensure customer protection and market transparency. The recent regulatory emphasis has fueled the demand for experts in compliance roles.