Quote:
Originally Posted by Unregistered
I've never heard such a moronic take in my life. A first line operational AML/KYC role is relatively easy and straightforward, requiring little education and subject matter expertise. You can be proficient in such a role without a degree and minimal training.
A compliance role deals with high risk clients, escalations, policy drafting and risk assessment, requiring an actual expert in AML. First line ops personnel are easily replacable grunts in contrast.
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i assume forumers refer to "aml/kyc role" as first line onboarding / periodic reviews - yes barrier to entry of these roles are generally lower, and more supply of such roles since they are largely operational and need more warm bodies to clear the cases.
for aml/fcc 2lod roles, there are a spectrum of roles within it such as transaction monitoring, investigations (reviewing escalated txns, filing STRs on them, imposing further actions) or advisory/policy etc. The latter 2 especially have a relatively higher barrier to entry