BSA 2024 Compliance Salary Guide v2 SPREADS - Flipbook - Page 11
11
understand how certain business activities in
countries not subjected to sanctions can still
inadvertently fall foul of the law.
Inclusion and diversity
In September, the FCA and PRA published new
proposals to improve inclusion and diversity in the
昀椀nancial services sector. The requirements set out
for 昀椀rms include:
⟶ Developing a strategy detailing how companies
will meet their inclusion and diversity objectives
and goals.
⟶ Collecting, reporting and disclosing data
regarding certain protected characteristics.
⟶ Setting targets to address under-representation.
With clear guidance and instructions now in place,
we expect 2024 to be a year in which many 昀椀nancial
services organisations revisit and re昀椀ne their diversity
and inclusion policies and hiring practices.
Encouragingly, the vast majority (88%) of employers
believe their organisation has a culture that supports
equality, diversity and inclusion. The gender split
across compliance and 昀椀nancial crime is also
generally well balanced, although there remain
some areas, such as surveillance, which are still
largely male dominated.
Less focus has traditionally been placed on
other protected characteristics, including ethnicity
and disability. This could be why only 67% of
candidates agree that their company’s approach
to inclusion and diversity is adequate, indicating
a disconnect between the perceptions of employers
and employees.
