If it states "project management", this means that there is a remediation resulting from a backlog, usually identified by audits / MAS. There are usually a group of people doing the BAU transaction monitoring, and most banks will put in a place a separate team to cover the remediation. There are usually attrition in the BAU team, so if you performs well in the remediation, you are likely to be offered a permanent role in the BAU team.

If you are completely out of the AML world and is trying to find a way to get in, remediation will be a good way to get one foot in. Most people doing remediation has a sluggish attitude, so if you have a positive attitude and do well, it is often recognized and roles will open up. There are too many movements within AML, especially at the junior level. Many people are moving for a few hundred dollar increments, but that is very short sighted. You barely have any foundation and you are moving for more money. Hiring managers are getting more cautious about such people as well.