AML/Compliance/KYC professionals come in!

Do you guys think most of the AML jobs would get replaced by AI in near future?

Is it possible for a aml investigator switch job to risk management department?

Originally Posted by Unregistered

Is it possible for a aml investigator switch job to risk management department?

Hi, sorry for the amateur question but how do i become an aml investigator? Would CDD experience allow me entry? Thank you.

[hxc]

Hi there, is this role within the specialised activities team?

Would having some general external audit experience during university help in landing an entry level compliance role in MNCs/banks upon graduation?

What do the more experienced of you make of sanctions advisory? The career trajectory looks quite clear (Advisor - Regional Advisor - Regional head), but what would the role and industry look like after 5 or 10 years? Is sanctions higher paid too among FCC functions?

Originally Posted by Unregistered

Is it possible for a aml investigator switch job to risk management department?

Hi may I know what's wrong with being an aml investigator? I would think it is an interesting job or am I wrong?

All the job postings want candidates with a few years experience. Where to find entry level positions to gain the experience in the field?

Originally Posted by Unregistered

What do the more experienced of you make of sanctions advisory? The career trajectory looks quite clear (Advisor - Regional Advisor - Regional head), but what would the role and industry look like after 5 or 10 years? Is sanctions higher paid too among FCC functions?

Realistically, what are the chances of everyone becoming a regional head? In big banks, there are a few hundreds AML / Compliance practitioners and only 1 regional head. Unless you are superstar, which in reality, most people are not, you should have a more realistic dream.

Sanctions is not the highest paid. Pay goes with experiences, along with how good you are, to a certain extent. Additionally, Sanctions is a very niche coverage. To reach the top, you have very very limited roles that you can take. In a bigger banks, you might have a small team of people focusing on Sanctions, in Singapore. There are limited growth for these group of people as well, so likely, they will stay in their job for a long while.

Additionally, its not necessary adviser - regional adviser - regional head. There are many routes and it depends on the size of the FIs. You can move from regional adviser (small bank) to a country advisory (big bank) or country head (med-sized bank). If you are fixated with one route, your career will be stuck very quickly.

Originally Posted by Unregistered

All the job postings want candidates with a few years experience. Where to find entry level positions to gain the experience in the field?

Some banks offer special programs for fresh graduate and people with no experience. Some banks, also hire entry level positions. Being an interviewer, what annoys me the most are candidates who
- Can't give a clear reason why they want to move into Compliance/AML
- Did not prepare themselves, to understand the basics of the role that you are applying. You dont have to be able to do the job immediately, but you must, at least, understand what the job is about, and connect the reason why you want to try that position. This points a lot on positive attitude, which is much more valuable than knowledge.

Additionally, having all the certificates (ACAMS, Dip in Comp, etc) are completely useless if you cannot apply it. I have seen candidates with every possible certificate in the market, but is not able to identify basic AML risks.