Originally Posted by Unregistered

1) It vary from banks to banks. Regardless of the prerequsite, you should still apply and try for it. Recruiters will probably won't put you up, but you can always apply directly via the FI's website. Similarly, you must be prepared for the interview, which is to actually study what each area covers. The reality is, there isn't so many candidates with direct AML Advisory and/or sanctions experiences floating around. Hence, some banks will take a stab with someone with the right thought process and right attitude.

2) No, this vary from banks to banks as well. If you are heading the team, you obviously cannot be at associate level. However, the head will still need a team to support him/her, and the team would range from associate to VP or even SVP.