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AML Assistant Counsel Jobs

I know this is a super specific area of jobs, but I have see alternativestats10/02/18
You seem to actually know what you're doing so you already h fuckyouracists10/03/18
On a related note, are you sure you want some of this hot fi fuckyouracists10/03/18
alternativestats (Oct 2, 2018 - 5:01 pm)

I know this is a super specific area of jobs, but I have seen many of these positions pop up on job boards and am really interested to see if anyone has made the jump from compliance/ops to legal.

I got my JD in 2013 and have been working in AML/KYC since 2015. I really enjoy my job but have been getting the itch to utilize my law degree in conjunction with my AML/KYC experience. As a KYC/AML subject matter expert, I get the opportunity to work with senior management in implementing controls, revising policies and procedures, and working with regulators/IA. It’s really been a great experience so far — and I’m looking to see how I can add legal experience with my existing AML career.

Some of the job ads seem to covet regulator experience and/or biglaw but a quick LinkedIn search shows that some people simply worked their way up through the organization. I am actively networking and meeting with professionals to ask about their path to legal, and was hoping someone here took a similar road.

Any tips would definitely be appreciated! And if anyone has any questions for me about my current career please feel free to ask.

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fuckyouracists (Oct 3, 2018 - 8:46 am)

You seem to actually know what you're doing so you already have a leg up on most cut/paste AML attorneys. You may be able to make the jump if you can find a white collar practice that also helps with the remediation (though that will likely be copy/paste as well). This is one of the areas where actual experience matters. I do it all for my FI so my only suggestion aside from the above is to be the person that has to read/interpret the regs, create/sign off on the policy, internal controls, etc. It'll take some more years of experience 7-10 seems to be the soft spot for the larger entities, which I always find questionable bc so many AML programs are God awful to begin with as bad experience does not equate with knowing what one is doing. The thing I do enjoy about the smaller shops is I not only have to be an expert in AML, but also general Risk Management, then fiduciary for personal trusts, ERISA, cyber security, etc. It never ends. Outside counsel helps, but unless they actually know how to formulate all of this within the institution itself, take it all with a grain of salt. Sometimes it takes years to effectuate, trust me. That nice little memo is just a starting point. Become an expert as best as you can so you can adapt in the upcoming years.

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fuckyouracists (Oct 3, 2018 - 5:54 pm)

On a related note, are you sure you want some of this hot fire? When it’s your ass on the line things get viewed a little differently.

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