Quote:
Originally Posted by Unregistered
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.
|
lol you're obviously not in the compliance field. just do a job search for compliance officer and you will see the job scope ranges from liaising with regulators to drafting of AML/KYC policies. position titles may differ in companies. i've seen companies having preference for head of compliance to have a law degree, however it is also common for people who have worked in
MAS to be recruited due to their understanding of regulations and dealings with regulators. being a lawyer is not a must.
i have a friend who is now heading the compliance department for a fintech company and his kah kias, in your term the "junior compliance officers", are not required to be legal trained and did AML/CDD in their previous roles.