Any advice for someone who works as an associate in Private Wealth looking to branch into Compliance, Audit and Risk Management. What jobs or companies should I be looking for?

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I did this exact move (PWM to Risk/Compliance) years ago and it’s been a great journey so far. Feel free to DM if you want to chat.

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What postions did you transition into?

I work in Audit and it sucks. Only reason I can still tolerate it is because of the wfh transition

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Fantastic explanation… it sounds eerily similar to where I currently am (operations- viewed as a huge cost to the firm w/ none of the comp or glory of “revenue generating” depts.)

I work for a cheap firm, as it is. But I’m being artificially held back due to departmental budget limitations.
I’m Coming to sad realization as someone who spent 10 years with the firm, hoping that motivation, dedication, experience, high education & loyalty would pay off… boy I was wrong!

Let’s hope I can jump ship in time before this recession trashes the job market.

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I’m in compliance testing at Morgan Stanley. I got into it through my branch risk officer. Reach out to your branch compliance or risk officer and see if they have an established rapport with someone in internal audit or branch exams.

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Back office roles will be the easiest to get and build up your licenses. Those are all very different career projections. Audit is a different breed and most people don’t like it.

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I work at SMBC. It’s a great culture and relaxed work environment. I would look there.

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I moved from WM to Compliance after getting an MBA and being an assistant trader. When a recession hit and half the trading desk was laid off, I was offered a supervisory role on the desk, then moved to Compliance with my next firm.

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This sounds like my path as well. I was on an institutional desk, then the Great Recession hit and I got a bunch of principal licenses and moved to management. I’m a CCO now.

I have got a Masters in Legal studies, with a Compliance and Risk Management focus yet finding jobs is a bit of a challenge.

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