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introduction of new financial
instruments, and the subsequent increase in state and federal regulations
governing these and other new products mean that law firms, corporations, and
financial institutions are now productively seeking to develop strong compliance
departments to help guide their operations and protect them from liability.
In the 1980's when government
pressure on financial services firms resulted in the demand for more
sophisticated and specialized professionals to oversee and staff compliance
departments, Robert Hadley Associates created its Legal and Compliance
Recruitment division to respond to these changes in the marketplace.
Within this division, a team of account executives are dedicated specifically to
recruiting attorneys and compliance professionals for financial institutions
that deal with new products in areas such as derivatives, capital markets, and
fixed income.
With the emergence of new products and markets, come new regulations that affect
them, creating the demand for more highly educated and specialized compliance
personnel to manage and interpret the regulations. As many compliance
departments are merging with legal departments an increasing number of
compliance officers have legal backgrounds, and they are required to go through
the same testing procedures and meet the same qualifications as the
professionals they supervise - from brokers and options traders to in-house
legal teams.
In other companies, compliance departments have been brought closer to the
business activity and have become an integral part of the business unit it
serves.
Whether a client's need is for a director of compliance department for a
financial institution, a team of attorneys for a corporate legal department, or
a paralegal to administer and direct the flow of new cases in a law firm, Robert
Hadley has the resources to build a strong base of quality legal and compliance
professional talent to support their business interests and ensure the success
of their organizations.
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