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Originally Posted by Unregistered
Im from compliance, and i think there are many fresh grads who want to join compliance but are unaware of the type of work (could be dry) at times..
i would classify FATCA and CRS as project based compliance work as opposed to business unit compliance (i.e. retail compliance, wholesale bank compliance).
but if you are a fresh grad, this provides a good entry and exposure into compliance. Subsequently, you can try apply big 4 firms that offer compliance consulting i.e. Deloitte, KPMG or even MAS. Because you will have a minor advantage over fresh uni grads.
And, it also provides u a taste of whether u like compliance.
Meanwhile, you can search for other jobs and your employer will understand if you leave for better prospects! all the best ! |
I have been doing Compliance/AML for the past 15 years. While it is good to have exposure on FATCA and CRS related project based compliance work, do note that these comes in phases, and they are what they are, i.e. project. Once project ends, your term may also come to an end. After the project is launched, each bank will only keep a skeleton crew and let go of the rest.
There are a few banks who are still aggressive hiring junior people with minimum or no AML experiences, largely to clear the backlog. The pay may be good for 5 seconds, but once the backlogs are cleared, the team will be "cleared" as well. Pick your next compliance/AML job carefully, and make sure you learn as much as you can, in the role that you are in. The knowledge will be helpful to your next role.