Swiss banking giant UBS is set to hire about 350 compliance staff in Nashville and Krakow in the coming two to three year period, according to Reuters.
Following the recruitment, the number of staff in the UBS’ compliance and operational risk control department headed by Colin Bell will increase to nearly 1,500.
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The bank in a memo, seen by Reuters, said, "We must also continue to focus on improving the effectiveness of our processes and productivity across the function," Zurich-based UBS wrote in a memo to staff detailing its risk controls.
"In Compliance and Operational Risk Control alone, we envisage the need to add 350 roles," the memo said.
According to the memo, the new employees will initially focus on monitoring and oversight, employee conduct and financial crime.
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