Compliance Officer - side gigs?
A little background, I'm 38 and a Compliance Officer for a private asset manager in a high cost of living US city. I am doing reasonably well comp-wise, but feel the need to expedite my savings goals with a side gig. Does anyone have any practical suggestions for a side gig I could pursue with my background? I have prior gigs at PIMCO, BBH, and EY.
Based on the most helpful WSO content, here are some practical side gig suggestions tailored to your background as a Compliance Officer with experience at firms like PIMCO, BBH, and EY:
Consulting for Smaller Firms: Leverage your compliance expertise to offer consulting services to smaller asset managers, hedge funds, or startups that may not have a full-time compliance team. Many firms need help navigating regulations but can't afford in-house talent.
Teaching or Training: Consider teaching compliance-related courses or conducting training sessions for professionals or students. Platforms like LinkedIn Learning or local universities often look for industry experts to lead workshops or online courses.
Freelance Writing or Content Creation: Use your knowledge to write articles, white papers, or guides on compliance and regulatory topics. Financial publications or niche blogs often pay for high-quality, expert content.
Developing Compliance Tools: If you have a knack for tech, consider creating tools or templates for compliance processes (e.g., KYC checklists, risk assessment frameworks). These can be sold online to smaller firms or individuals.
Financial Planning or Advisory: With your asset management background, you could explore becoming a part-time financial advisor or planner, provided you meet the necessary licensing requirements.
Real Estate Investing: If you're looking for a more passive side gig, real estate investing could be an option. Your financial acumen could help you identify good opportunities in your high-cost-of-living area or beyond.
Career Coaching: Offer career coaching services for individuals looking to break into compliance, asset management, or related fields. Your experience at top firms like PIMCO and EY would be highly valuable to aspiring professionals.
Internal Audit or SOX Consulting: As mentioned in WSO threads, internal audit or SOX-related consulting can be a low-stress, lucrative side gig, especially for someone with your background.
Each of these options aligns with your expertise and could help you accelerate your savings goals. Just ensure that any side gig complies with your current employer's policies to avoid conflicts of interest.
Sources: Work to live, not live to work. Low-stress finance jobs..., Overnight 23-year old BTC Millionaire? Life Choices, Stuck in Corporate Banking - Fighting Complacency, Lesser known MBA career options? Looking for advice on what to do post-HBS., Q&A - Commercial Banking Credit Risk SVP in Southeast USA
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