BusinessFinance reported Wednesday that demand for governance, risk and compliance (GRC) professionals is strong, as are their corresponding salaries, despite the down economy. Robert Half Management Resources executive director Paul McDonald noted:
Demand for this expertise has risen since the implementation of Sarbanes-Oxley, and I don't see it subsiding soon. In fact, the need for professionals who can succeed in risk and compliance positions could grow in the coming years if the current economic situation leads to increased and tighter regulation.
And if what Ephraim Schwartz wrote this week about the impending regulatory crackdown turns out to be true, then demand for that type of expertise will certainly grow -- along with salary expectations. (Schwartz pointed out that many industry experts say the regulations to come out of the financial crisis will be a bigger IT burden than Sarbanes-Oxley or the Patriot Act.)
That's good news for GRC and IT people. I would imagine, then, that GRC professionals with an IT background, or IT professionals with GRC expertise, will be doubly in demand.