Which part of Compliance has the best prospect and why?

[dreamzknight]

1) Sanctions
2) Advisory
2) Transaction Monitoring
3) CDD/ KYC

cdd the best

Originally Posted by dreamzknight

1) Sanctions
2) Advisory
2) Transaction Monitoring
3) CDD/ KYC

There is no such thing as best prospect. It all drills down to whether you want to be a Specialist or a Generalist. Do you want to be a regional head of sanctions, advisory, TM or CDD, or do you want to be country head of AML? At the end of the day, regardless which part of Compliance you are at, if it is an area that interest you and you can perform well, you will get the best prospects in that specific area.

Its the same as getting a degree in Business Admin. Should you specialize in HR, Marketing or Economics? At the end of the day, it doesn't matter.

Originally Posted by dreamzknight

1) Sanctions
2) Advisory
2) Transaction Monitoring
3) CDD/ KYC

I think the main thing is to like and be good in the area you are in. There are challenges in each area of work. I have been in KYC for close to 4 years and been exposed to diverse areas within this space. This include handling auditors/regulators, being in a checker role and also drafted KYC policies. I have also have some knowledge on sanctions and a bit of advisory for KYC.

wait till trump deregulate us banking industry, whole world will follow suit in order to stay competitive

compliance no longer hot job anymore

would a cdd role give one the required experience to enter aml and FCC?

hi guys

i have a really tough decision to make and wish to have some good advice. Should I go for 6 months contract CDD with HSBC or 6 months with SGX in ops.

Originally Posted by Unregistered

hi guys

i have a really tough decision to make and wish to have some good advice. Should I go for 6 months contract CDD with HSBC or 6 months with SGX in ops.

None looks good to be honest.

Originally Posted by Unregistered

None looks good to be honest.

Yes they arent very good. I seem to be having trouble trying to get a perm job at banks. Even with about 8 months experience and a degree, i keep getting rejected. How can I get a per job?

Originally Posted by Unregistered

Yes they arent very good. I seem to be having trouble trying to get a perm job at banks. Even with about 8 months experience and a degree, i keep getting rejected. How can I get a per job?

You got to be careful. You only have 8 months, it is not significant. Why did you leave after 8 months?
Banks are cutting costs on these functions ever before. Headcount are normally given to more senior roles as they need people with solid expertise. Junior roles are not granted many headcounts and are forced to work within budget, thus the reason for many contracts.