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17-11-2022, 07:26 AM
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Quote:
Originally Posted by Unregistered
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.
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Do you mean AmL only or also include other area of compliance?
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17-11-2022, 10:30 PM
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Quote:
Originally Posted by Unregistered
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.
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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
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17-11-2022, 10:49 PM
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Quote:
Originally Posted by Unregistered
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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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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19-11-2022, 11:10 AM
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Quote:
Originally Posted by Unregistered
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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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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20-11-2022, 12:31 AM
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Quote:
Originally Posted by Unregistered
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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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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20-11-2022, 11:43 AM
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Quote:
Originally Posted by Unregistered
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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What more other than the AML function? What does a VP / ED typically oversee?
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20-11-2022, 12:59 PM
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Quote:
Originally Posted by Unregistered
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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12 to 15k can lead a small team already. Just that you don know which company.
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20-11-2022, 01:49 PM
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Quote:
Originally Posted by Unregistered
12 to 15k can lead a small team already. Just that you don know which company.
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Agree, where I’m at, 12-15k can be solo contributor with no direct reports below
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20-11-2022, 04:32 PM
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Quote:
Originally Posted by Unregistered
What more other than the AML function? What does a VP / ED typically oversee?
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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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20-11-2022, 05:30 PM
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Quote:
Originally Posted by Unregistered
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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You're absolutely ****ing clueless. There are plenty of AVP-VP team lead roles in banking that are purely AML.
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