Financial Crime World

Title: Dutch Financial Services Industry Braces for Increased Demand in Compliance and Financial Crime Professionals

Compliance and Financial Crime Hiring Market Update for the Netherlands

Amsterdam, The Netherlands - The Dutch financial services sector is bracing for a significant surge in hiring, with a particular focus on compliance and financial crime specialists, according to the latest Compliance and Financial Crime Hiring Market Update for the Netherlands by Danos Group.

Key Driving Forces

Fortifying AML/CTF System

  • The Netherlands is strengthening its Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) system.
  • This initiative, fueled by regulatory requirements, has led to an increase in demand for professionals skilled in AML and sanctions.

Growing FinTech Sector

  • The Netherlands has become a major European FinTech hub due to government support for startups (regulatory sandboxes, startup visas, and grants).
  • The rise of FinTech companies, particularly those focusing on payments and e-money, has created a greater need for compliance experts.

Rising Importance of ESG Factors

  • Environmental, Social, and Governance (ESG) factors are gaining significance in compliance practices.
  • Firms are expected to demonstrate their commitment to sustainability, ethical business practices, and social responsibility.
  • Compliance frameworks are evolving to address ESG considerations, and ESG reporting is becoming a vital requirement for businesses.

Competition for Compliance and Financial Crime Professionals

Candidate Shortage

  • The junior to mid-level market for compliance and financial crime professionals is witnessing a candidate shortage.
  • This situation has resulted in a candidate-focused market, with companies implementing various retention methods to attract talent.

Retention Strategies

  • Companies are offering competitive salaries.
  • Hybrid and remote work models are being implemented to accommodate candidate preferences.

Isabel Anchebe’s Expertise

  • Isabel Anchebe, a senior recruiter at Danos Group and head of compliance, has successfully placed candidates in various seniority levels across Europe, including the Netherlands, Luxembourg, Germany, and Switzerland.
  • For more information on market insights and salary details, contact Isabel at +44 (0) 203 889 5758 or via email at ianchebe@danosassociates.com.

Expected Growth in Demand

  • As the Dutch financial services sector adapts to these changes, the demand for skilled compliance and financial crime professionals is expected to remain strong.
  • Furthermore, requirements for data incorporation to deliver compliance in the Netherlands will continue to increase.