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AML/Compliance/KYC professionals come in!

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  #1681 (permalink)  
Old 17-11-2022, 07:26 AM
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Absolutely disagree. DO NOT stay in AML for long. There is no prospect and your market value quickly diminishes the longer you stay in this industry. Jump out the moment an opportunity comes, be it fintech or not, your main priority should be to move out of AML roles.
Do you mean AmL only or also include other area of compliance?

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  #1682 (permalink)  
Old 17-11-2022, 10:30 PM
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Absolutely disagree. DO NOT stay in AML for long. There is no prospect and your market value quickly diminishes the longer you stay in this industry. Jump out the moment an opportunity comes, be it fintech or not, your main priority should be to move out of AML roles.
Mind sharing the reason why? AML roles appear to continue to be in demand, minus those that can be offshored such as transaction monitoring, KYC, etc

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  #1683 (permalink)  
Old 17-11-2022, 10:49 PM
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Mind sharing the reason why? AML roles appear to continue to be in demand, minus those that can be offshored such as transaction monitoring, KYC, etc
high demand yes, but after u hit associate level you will find yourself stuck with useless skillsets to jump anywhere else.

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  #1684 (permalink)  
Old 19-11-2022, 11:10 AM
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high demand yes, but after u hit associate level you will find yourself stuck with useless skillsets to jump anywhere else.
Is it a bad idea to stick it out in the AML field then? Climb the ropes and get into mid level mgmt / TL role at VP level (12-15k p.m) or D (20k and up)
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  #1685 (permalink)  
Old 20-11-2022, 12:31 AM
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Is it a bad idea to stick it out in the AML field then? Climb the ropes and get into mid level mgmt / TL role at VP level (12-15k p.m) or D (20k and up)
There is a very high chance you won't make it to VP / ED level. These positions require you to lead more than just the AML function.
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  #1686 (permalink)  
Old 20-11-2022, 11:43 AM
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There is a very high chance you won't make it to VP / ED level. These positions require you to lead more than just the AML function.
What more other than the AML function? What does a VP / ED typically oversee?
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  #1687 (permalink)  
Old 20-11-2022, 12:59 PM
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There is a very high chance you won't make it to VP / ED level. These positions require you to lead more than just the AML function.
12 to 15k can lead a small team already. Just that you don know which company.
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  #1688 (permalink)  
Old 20-11-2022, 01:49 PM
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12 to 15k can lead a small team already. Just that you don know which company.
Agree, where Iím at, 12-15k can be solo contributor with no direct reports below
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  #1689 (permalink)  
Old 20-11-2022, 04:32 PM
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What more other than the AML function? What does a VP / ED typically oversee?
AML VP usually oversees the Sales function and sometimes governs what decisions Executive Office can make (e.g. hiring which CEO or CFO etc.).
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  #1690 (permalink)  
Old 20-11-2022, 05:30 PM
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There is a very high chance you won't make it to VP / ED level. These positions require you to lead more than just the AML function.
You're absolutely ****ing clueless. There are plenty of AVP-VP team lead roles in banking that are purely AML.
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