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  #1751 (permalink)  
Old 20-02-2023, 12:22 AM
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Originally Posted by Unregistered View Post
compliance role easy to join too... pretty much useless and brain dead job.. don't go into support non rev generating roles
Categorically false and clearly coming from an ignoramus. The fact that the role is not directly revenue generating does not render it a dead-end role. Compliance professionals have better career prospects than ARMs in PBs. Compliance VPs and directors, MLROs in bulge brackets make upwards of 15-20k+. These are ranks that most FO staff won't be able to attain.

Compliance teams are super lean and tough to get in. You should know this since you're clearly not in one.

By definition, compliance deals with complex, high risk cases, in other words, non braindead cases which would be handled by first line ops.

The importance of compliance should be self-evident. Given the increasingly complex regulatory landscape and greater fines for non-compliance, compliance professionals are integral in managing risks that could otherwise cost a bank millions in punitive fines, remediation exercises and reputational damages.

Its clear you know nothing about the industry, but as usual, empty vessels make the most noise.

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