All financial institutions operate in a restrictive regulatory environment, and the barrage of new rules from lawmakers and regulatory agencies makes the once-luxurious compliance department a now-vital resource. Yet acquiring talent and organizing it properly can be a haphazard undertaking. With significant variations in asset size, charter type, organizational complexity, budgetary allowance, and other considerations, credit unions often have a hard time finding the blueprint that’s right for them.
The two staffing approaches below look different in practice, but they target the same goal — addressing the growing complexity of the compliance space. Regardless of where your own strategy falls on this spectrum, there are tips here you can use to attract and retain top talent.
Invest More Now, Pay Less Later
As is the case with many cooperatives, the past few years have necessitated - Read More: Staffing Tips To Stem Compliance Concerns - General Features - News | Credit Unions
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