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#1918780 - 04/30/14 02:13 PM
Regulatory Costs
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Power Poster
Joined: Feb 2005
Posts: 5,349
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I am not trying to make this political. I think all of us in banking can appreciate this: http://news.investors.com/042914-698787-regulatory-economy-booms-under-president-obama.htmIE it is not just a recent problem, but the problem has grown out of control.
Last edited by Red Herring; 04/30/14 02:14 PM.
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#1918822 - 04/30/14 02:57 PM
Re: Regulatory Costs
Sound Tactic
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Gold Star
Joined: Apr 2012
Posts: 264
one state over
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job security?
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"Strip the Flesh, Salt the Wound" - Krieg
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#1918827 - 04/30/14 03:10 PM
Re: Regulatory Costs
Sound Tactic
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10K Club
Joined: Jun 2004
Posts: 19,854
Pulling people out of the ditc...
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if you have a compliance or regulatory background, unless you are a complete and utter buffoon, you can write your own ticket these days...
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#1918830 - 04/30/14 03:13 PM
Re: Regulatory Costs
Sound Tactic
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Power Poster
Joined: Jul 2002
Posts: 5,568
New Jersey
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"When regulatory costs are combined with federal spending, Washington's share of the economy rises to an eye-popping 31%." Wow. And you wonder why the economy can't seem to rev up.
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Management is doing things right; leadership is doing the right things. Peter Drucker
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#1918833 - 04/30/14 03:18 PM
Re: Regulatory Costs
HappyGilmore
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Diamond Poster
Joined: Aug 2012
Posts: 1,700
48.934476, -114.343735
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if you have a compliance or regulatory background, unless you are a complete and utter buffoon, you can write your own ticket these days... I've never gotten so many calls from head hunters. Definitely a nice niche to be in these days.
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#1918844 - 04/30/14 03:27 PM
Re: Regulatory Costs
Sound Tactic
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Diamond Poster
Joined: Feb 2008
Posts: 2,207
Deleted
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I'm with NP. I get calls and emails from recuiters daily now.
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#1918845 - 04/30/14 03:27 PM
Re: Regulatory Costs
Sound Tactic
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Power Poster
Joined: Mar 2005
Posts: 2,659
Kennel
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::Stares at phone waiting for it to ring with an offer.
Unfortunately, current employers don't get the fact that we should be making more money. Wait till they have to replace us at current rates.
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#1918880 - 04/30/14 04:02 PM
Re: Regulatory Costs
Big Dog
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Power Poster
Joined: Feb 2005
Posts: 5,349
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::Stares at phone waiting for it to ring with an offer.
Unfortunately, current employers don't get the fact that we should be making more money. Wait till they have to replace us at current rates. I learned from a very good compliance officer that at this point, when any head hunter calls me I ask "is this for greater than 90k?". If he does not state anything other than yes, I tell them I am not going to waste my time. Keep in mind I also live in a very low cost of living area. My second question is, is this for a bank located in New England? If they say yes, I say I am not interested.
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#1918896 - 04/30/14 04:26 PM
Re: Regulatory Costs
Dani York, CRCM
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10K Club
Joined: Jun 2004
Posts: 19,854
Pulling people out of the ditc...
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I only get contacted for jobs where I would have to move cross-country. I have 5 children, an ex-husband, and a husband with a psycho ex-wife preventing me from upward mobility. Dani - you are looking at this the wrong way...first, the move would come with some expense reimbursement...taking care of the pesky ex's would certainly fall under the reimbursement category...now, were there any other issues you need me to address
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#1918908 - 04/30/14 04:32 PM
Re: Regulatory Costs
HappyGilmore
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Power Poster
Joined: Apr 2005
Posts: 3,663
TN
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I only get contacted for jobs where I would have to move cross-country. I have 5 children, an ex-husband, and a husband with a psycho ex-wife preventing me from upward mobility. Dani - you are looking at this the wrong way...first, the move would come with some expense reimbursement...taking care of the pesky ex's would certainly fall under the reimbursement category...now, were there any other issues you need me to address I wish it were that simple..... My ex is not really a problem, just more like an annoying itch that's needs scatching every so often. It's the psycho ex-wife who will revise the visitation to almost nothing for my husband. Think the compliance market will still be hot in 6 years?
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#1918933 - 04/30/14 04:50 PM
Re: Regulatory Costs
Sound Tactic
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Diamond Poster
Joined: Sep 2011
Posts: 1,648
A CU, Where Regs Don't Apply
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Think compliance is likely to go away?? Not many CUs in the headhunting business (or they're just not interested in me! maybe both), too many are too small to even have dedicated compliance people, and the ones that are big enough are far too far away from here. I mean, I could give up my soul and look at banking, possibly finding a local job, but I keep a pretty good pulse locally and nothing has come up within 100 miles in the last two years worth looking at.
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#1918943 - 04/30/14 05:10 PM
Re: Regulatory Costs
Sound Tactic
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Power Poster
Joined: Feb 2005
Posts: 6,559
Foxboro
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My second question is, is this for a bank located in New England? If they say yes, I say I am not interested. And for that, we thank you.
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#1918948 - 04/30/14 05:13 PM
Re: Regulatory Costs
Sound Tactic
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Power Poster
Joined: Feb 2005
Posts: 5,349
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I have been all over the United States. Maybe it is personal preference, or just that there are certain things about every location that appeal to me differently. But imo the standard of living in the NE is very bad. Probably why so many of them leave for Florida.
But in all honesty it was a joke. Kind of. My wife recently got a high paying job in that area. We turned it down for a handful of reasons. She ended up getting a better paying job in a place we both find more desirable. Sort of a win-win.
Last edited by Red Herring; 04/30/14 05:15 PM.
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#1918957 - 04/30/14 05:20 PM
Re: Regulatory Costs
TB 12
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10K Club
Joined: Dec 2002
Posts: 40,766
Turnpike Exit 10
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My second question is, is this for a bank located in New England? If they say yes, I say I am not interested. And for that, we thank you. New England is one of the prettiest places in the US. Especially the coast.
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Get your facts first, then you can distort them as you please. - Mark Twain
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#1918965 - 04/30/14 05:24 PM
Re: Regulatory Costs
Sound Tactic
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Power Poster
Joined: Feb 2005
Posts: 5,349
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I think it is pretty common for people to feel a certain love for the places they grew up in. I was raised in the Midwest and I love it. Is it for everyone? Certainly no.
I can see how some people would like the New England area, but it is not my thing.
It is sort of like going on vacation to the Caribbean. I would love to live there. Would everyone? I doubt it. I could go on my explanation on why I don't find New England appealing but I have a feeling that someone would get offended.
Last edited by Red Herring; 04/30/14 05:25 PM.
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#1918975 - 04/30/14 05:29 PM
Re: Regulatory Costs
HappyGilmore
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Joined: Jul 2002
Posts: 13,994
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if you have a compliance or regulatory background, unless you are a complete and utter buffoon, you can write your own ticket these days... I guess I'm stuck where I am then
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#1918979 - 04/30/14 05:31 PM
Re: Regulatory Costs
Sound Tactic
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Power Poster
Joined: Feb 2005
Posts: 6,559
Foxboro
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It is a very diverse region given New England covers 6 states (or 5, depending on whether CT wants to be lumped in) Rural, urban, mountains, beaches, high tech, dairy farms, etc.
I am not offended in the least if you don't like New England. There are many things I don't like about the area either.
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#1918981 - 04/30/14 05:33 PM
Re: Regulatory Costs
TB 12
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10K Club
Joined: Jul 2002
Posts: 13,994
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such as Belichick and Ortiz?
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#1918993 - 04/30/14 05:41 PM
Re: Regulatory Costs
Sound Tactic
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Power Poster
Joined: Feb 2005
Posts: 5,349
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Sure it is diverse. But covering 6 states itself does not really make it that diverse. The state I live in is probably as large as all of those states combined.
That said I really should change what I call New England. I am not really speaking as much about New England as I am New York, Pennsylvania, New Jersey and that area.
My apologies as I did not realize that New England did not comprise these locations until I looked it up.
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#1918996 - 04/30/14 05:42 PM
Re: Regulatory Costs
Sound Tactic
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10K Club
Joined: Dec 2002
Posts: 40,766
Turnpike Exit 10
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That would be the Tri-state area. Completely diffent animal than NE.
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Get your facts first, then you can distort them as you please. - Mark Twain
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#1919020 - 04/30/14 06:02 PM
Re: Regulatory Costs
Sound Tactic
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Power Poster
Joined: Feb 2005
Posts: 6,559
Foxboro
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It sure is deek.
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#1919066 - 04/30/14 07:14 PM
Re: Regulatory Costs
Sound Tactic
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Diamond Poster
Joined: Jan 2010
Posts: 1,028
Utopia
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RH is correct, most people have a special spot for where they grew up. I'm in central NY and the weather and economy around here both pretty much stink... but as I watch the news and see all of the tragic weather issues in other parts of the country there have been many times that I am thankful we don't have tornados, fires, earthquakes etc... We do however get flooding at times and oh yeah snow! I guess it's all in what your used to. Now if the phone would ring for a CO job in south Florida I'd be all set
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#1919082 - 04/30/14 07:41 PM
Re: Regulatory Costs
Soccer
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10K Club
Joined: Jul 2002
Posts: 13,994
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how do headhunters find you all? do they comb through Linkedin profiles?
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