Unregistered |
28-04-2017 03:43 PM |
Quote:
Originally Posted by Unregistered
(Post 96995)
Thanks for your input! I would like to go towards compliance in the future, therefore would AML experience be more valuable? Am I right to say that entry level AML roles are roles such as transaction monitoring, or what other entry level roles are there in the AML space?
Also, what kind of roles can people in KYC eventually progress to?
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Honestly, there are few people who moved from AML to Compliance. In comparison, there are more demand for AML people. If you are fresh graduate, you can try for junior compliance roles in a bank. Given the current environment, there are more promotions within AML because there are more high profile projects and remediation. If you are willing to put in hard work, you can progress fairly quickly. Compliance, on the other hand, is more mature and stable, hence, progress may not be fast.
Entry level AML roles are not necessarily transaction monitoring. There are entry level advisory roles as well, covering sanctions, KYC, etc.
People in KYC can moved into different aspects, including AML, Compliance or COO office. In most organization, there is a COO office (each bank calls it differently) and they handle most non business driven objectives, like system enhancements, remediation projects, operation initiatives, etc. The most senior person, is obviously the COO, who is one down from the CEO.
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