Quote:
Originally Posted by Unregistered
What is the job scope of a "junior compliance officer" which you are describing? What do they ensure FI's compliance to? What laws/regulations?
Not sure many banks, definitely not the BBs, refer to "junior compliance officer" as a specific job scope like you mentioned wrt to working "under qualified legal counsels", etc. Shouldn't they be under Legal team instead??? In most banks, junior doesn't really mean anything and compliance could refer to a multitude of roles as mentioned by the poster above (not just AML KYC)
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AML is lawyer meh? You tell me lah. Just describing the org structure at all the banks I have worked at.
Compliance and AML/CDD are separate departments, one has legally trained officers and a head of dept who is a lawyer by profession, and the other is helmed by aunties who just spent a long time there. Quite obvious to see where the money is.