I want to get an AML (Anti-Money Laundering) job in one of the B4s. I have heard EY and Deloitte have decent groups. Any insight would be appreciated!

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Deloitte AML manager here - came in as an experienced hire Senior Consultant after being a manager at an investigations team at a bank. Good level to come in at. Work is up and down - depends on the engagement, but can get experience across kyc, transaction monitoring, fraud, testing, etc… i would recommend it for experience, networking, and upskilling but not for the long haul

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It’s a grind - being in client services we are beholden to the client demands/needs (or the partner’s perception of them). Can be long hours and weekends, deadline driven, and expectations to assist with firm initiatives (proposals, thought development, etc). You learn an incredible amount due to the fast pace and expectations, but easy to see burnout

For pay, in my experience, there is more guaranteed salary then a bank and better annual raises, bonus is comparable or slightly less

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EY does have a substantial AML team. There are multiple projects in pipeline and needs multiple experiences resources. Your work life kinda depends on the SM and the client though.

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It can be tough work because you have to balance the business side. For actual FIs, it’s not a money making exercise. For B4s it is. So it’s not just about the work, but about making money. Interesting balance, but has its pos/negs

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