GDPR stands for the General Data Protection Regulation and was implemented in May 2018. As a regulation of the European Union, it is directly binding and applicable and provides flexibility for certain aspects of the regulation to be adjusted by individual member states. The GDPR’s primary aim is to guarantee individual control over one’s personal data and simplify the international business regulatory environment.
The regulation had a massive impact on the financial sector due to its intensive contact with sensitive information. As such, high demand for experts in this new field arose. Job profiles related to the GDPR regulation can be Compliance officer (GDPR), Legal consultant (GDPR) or Data Protection Officer.