AML Compliance Jobs
The AML compliance jobs are involved in making sure that the businesses are in compliance with the money laundering rules and regulations. The AML compliance jobs in general contribute to the day-to-day running of the operations within the financial side of companies. The AML compliance jobs are very common within the large multi national companies. The AML compliance jobs involve handling all the paperwork to do with handling the money that is being invested by someone and all the administration connected with it. The AML compliance job can be very interesting and can be a great way to learn skills to further your career later in life. The AML compliance job can be very demanding; however, it can also be very well paid. There are many AML jobs that are available and there is a wide scope to move up the career ladder.
The main skills that you need in order to be able to perform this job well include a commitment to the job, integrity, technical skills and the knowledge and understanding of the role that you will be expected to perform. Other important skills that are essential for the AML compliance job are very good analytical skills and communication skills, both written and spoken. On some occasions the candidates for an AML job are judged mainly on their background and the experience that they have, so this can make it a difficult sector to get into. The main reason that entrance into this sector can be difficult is because the person who is employed within the AML compliance role is responsible for making sure that the anti money laundering rules and regulations are being complied with. If they do not do this properly the company can be caught out and this may lead to disaster for the company.
Most of the employers who are looking to fill AML compliance jobs are looking for someone who at least has a bachelor’s degree in commerce and has an in-depth knowledge of the financial world, accounts, and anti-money laundering rules and regulations. It is possible to get certificates in anti-money laundering, so this may be an advantage when you apply for a compliance job. People who have qualifications or experience within the law sector will also have an added advantage, because the AML compliance job involves aspects of law.
AML Analyst Jobs
The job of the AML analyst is to analyze and review data to establish the amount of risk that is associated with every financial transaction that the business is thinking about doing or has done, whilst being able to identify any problems that may arise. The job of an AML analyst can be interesting but it is also a very demanding job; however, this is reflected in the handsome amount of pay that is usually paid to the AML analyst. The AML analysts’ jobs are very common within the big multi national companies that are located worldwide. There are many AML analyst jobs that are available, and some of these are on the internet. It is vital to have excellent communication skills both written and spoken. When employers are looking for AML analyst staffs they are more often than not looking for someone who has qualifications, especially a commerce degree, but some do also look for a law degree and experience within this role. If you are just starting out in the AML sector you nearly always have to start at the bottom and work your way up as the competition is very fierce, and if you do not have experience and qualifications you do not really stand a chance. The reason that this job is so hard to get into is that there is high pressure, as they are working with the finances of the company and can actually mean the difference between a company continuing to run and a company failing. It is also an advantage when applying for an AML analyst’s job if you have knowledge and experience of the financial and account sector as well as anti-money laundering laws and regulations. It may also be a real advantage if you are able to gain a certificate in anti-money laundering and law.
Conclusion
There are many AML jobs that are involved in the financial sector, but there are also some AML positions within the large multi national companies. All the AML jobs have one thing in common, and that is that they are all concerned with anti-money laundering rules and regulations.
Most of the AML jobs are very interesting and offer varying duties. All the AML jobs are very much sought after. All the different AML jobs are very demanding in their own way; however, this is recognized in the high amount of wages that the employees are paid. The jobs are very much sought after, which means that the employers are able to be very precise with who they choose to employ. Most of the employers tend to look for someone who had a commerce degree and experience in a similar role. Some employers who also look for staff have a qualification in anti-money laundering and law. The essential skills that are required for most of the AML jobs are good communication skills in both written and spoken, knowledge of accounts, and the financial sector.
There is a wide range of AML jobs that are advertised on various sites on the internet, and there are also some specialist sites who advertise the full range of AML jobs that are available.
