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GRC Professional : GRC Spring 2011
3737 which of the following best describes your next career move? choice response percent Another compliance-related role within my current organisation 22.14% A non compliance role within my current organisation 10.48% A compliance-related role with another organisation 39.52% A non compliance role with another organisation 3.57% Consulting to the compliance profession / sector 7.38% Full time study 0.24% Retirement or semi-retirement 7.62% Academia 1.19% Set up my own business 2.86% Other 5.00% how many years experience do you have in total, in a compliance, risk or governance role? response 0 - 1 year 3.57% 2 - 5 years 25.71% 6 - 10 years 32.14% 11 - 15 years 19.76% Greater than 15 years 18.81% how many layers are there between you and the Board? choice response None – I report to the Board 15.48% One – I report to the CEO 10.95% Two 31.19% Three 22.14% More than three 20.24% myth that seems to circulate that ACI is only financial services sector based. While there is a heavier weighting in this sector due to team sizes (which will undergo further analysis in this survey), ACI had responses to every single sector option. It is one of the ongoing challenges that we work to address – both meeting the needs of members across this huge range and to make sure the foundation for our education options go back to principles based approaches and provide value to all members. Given that over 40% of members have worked across more than one sector during their career and their membership with ACI, suggests some level of success with this endeavour. ACi courses In regards to providing for members’ education needs, the survey indicated that 43% of participants had under taken some form of training with ACI from its education suite (from Compliance and Risk 101 through to CCP (Fellow)) and of these, 30% had undertaken more than one course, many of which were more experienced professionals who were keeping their skills and knowledge up to date by attending the Compliance and Risk 101 workshop. Comparing the earning potential of those who have participated in ACI education versus those who have not, there is a slight skew observed toward the lower earning range for those not accredited, (similar to the differences observed between members and non- members) however this will be an area further analysed by ACI prior to the full release of the survey results. It is encouraging that members undertake ACI courses, given that over 80% of par ticipants in the survey indicated that they have an undergraduate or higher degree, which could suggest the distinct value of ACI’s compliance and risk training and recognition of the particular skill set required by compliance professionals. From the data there is also the suggestion that ACI training offers an option for career development for those individuals who have undertaken no other formal training, with over 50% of this group undertaking ACI courses to meet their professional needs. Reporting to the Board What has remained a constant over time are the layers that remain between compliance professionals and their organisation’s board or other governing body. Despite the apparent seniority of many of the participants, direct reporting to the Board still remains statistically low at 15% and reporting via a Business Unit head, relatively high. Boards may wish to consider the risk this poses to their awareness of critical issues at a time when regulator attention is focused on the execution of director duties.•• • Full results of the salary survey will be released after aci’s 15th annual conference in Brisbane from 19-21 october. For more information, email naomi Burley at email@example.com employers should be aware that 35% indicated they were looking to change employers within the next 12 months.
GRC Summer 2012