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How many MDs in banking got started in compliance?
Play the long game and understand what the path looks like.
I got into the financial crimes field after getting my master’s in criminal Justice. I’ve been on this path for about 5 years and have worked in both fraud and AML. I have my CFE credential. Personally I prefer AML to fraud — more interesting, varied case typologies and more directions you can go in. I love my job but I’ve been lucky to have mentors who have championed me and helped me move into the type of work I wanted to do. Some jobs in this industry you can get stuck doing boring or repetitive work and it’s hard to get out of it because the bank is swamped and needs someone doing that job to meet BSA requirements. The pay depends a lot on the institution.