Lawyers in High Demand as City Firms Deal With Sanctions Compliance

London, UK — (SBWIRE) — 03/30/2022 — The Russian invasion of Ukraine has created many challenging situations and in the legal community this is centered around the sanctions being imposed – and those being considered. Economic sanctions create a compliance minefield, one that it is vital for the legal community to get out ahead of, according to the experts. As the potential for sanctions increases, with the goal of making Russia’s invasion an economic failure, there is a rising demand for lawyers with the right skill set to help navigate the compliance challenges that economic sanctions tend to create. Many firms in the UK are likely to be caught up in the compliance issues that arise from sanctions against Russia, especially if these continue to be expanded. City firms are being urged to review relationships and to ensure that they have the expertise to deal with the possible ramifications of the situation, including teams with the requisite compliance experience to safely navigate the crisis.

As a compliance recruitment firm, Selby Jennings has seen the jump in demand for lawyers with compliance skills to help cope with the fallout of sanctions as the situation in the Ukraine worsens. Established in 2004, the team has extensive experience as a compliance recruitment firm and has supported organisations through situations such as this where urgent action is required, as well as ongoing, strategic recruitment to build resilience and growth. Selby Jennings’ expertise goes beyond being purely a compliance recruitment firm, extending into many other connected areas. This includes hiring for private wealth management roles, risk management jobs as well as positions in areas such as insurance and actuarial and sales and trading. The firm has extensive resources – including a database of more than a million mid-to-senior professionals built up over the years – and a network of connections across the sector. A combination of permanent, contract and multi-hire solutions provides options for every hiring need.

The reach that Selby Jennings has as a compliance recruitment firm is nationwide in the UK. This includes major cities, such as London, Manchester and Birmingham as well as many other locations in between. In addition, the UK team is also part of a worldwide workforce that numbers more than 1,000, adding a global perspective that is so vital for any compliance recruitment firm today. Plus, Selby Jennings is also the recruitment partner of choice to hundreds of world-leading companies as part of the Phaidon International group, which operates across 6 countries. Talent drives growth at Selby Jennings and the firm has invested heavily in its own people over the years. Consultants receive regular ongoing training and work with best-in-class recruitment technology and strategies. As a compliance recruitment firm with a wealth of experience in general banking and financial services hiring too there are many roles available via Selby Jennings today, including Senior Compliance Monitoring Officer, Senior Business Development Director and Quantitative Risk Analyst.

The team at Selby Jennings said, “Little did we know that the pandemic would spark a new chapter for financial services. From ever-evolving regulations, mercurial consumer expectations, digital transformation, to the heightened competition from incumbents and new entrants, financial services verticals evolved at lightning speed โ€“ all while in a stage of poised recovery with the need to future-proof operations from additional disruption.

Alongside challenges brought on by the pandemic, financial services in 2021 were gripped by the wider political and socio-economic context that was Brexit, as banks and financial institutions packed their bags to move some, or all, of their operations to cities across Europe. However, Financial Services were one of the few bright spots of the past year, providing fuel to the economy and scaling up in a time where many sectors wouldn’t take the risk. 2022 is already shaping up to be a record-breaking year in terms of talent movement, and we can’t wait to help clients secure that world-class talent.”

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About Selby Jennings
Selby Jennings knows that building the right team isn’t easy. However, with the support of the right hiring partner, access to key networks and contacts, it’s possible to reimagine the process of recruitment to make it more positive, satisfying and productive.

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