Posted by Brian Monroe - 09/06/2022
Fincrime Career Tips and Tricks: Keys to breaking into, conquering compliance field – highlight your ‘attitude and aptitude,’ be inquisitive, expansive in hunt for broad knowledge, in-demand skills
Top tips to get your first fincrime job: if you can’t go in the front door for AML, go in the side door – begin by facing crabby customers, then go after crafty criminals
Read articles that relate to the general discipline.
Get help: Engage in Link(edIn) analysis to get on radar of recruiters, recruit prolific posters to share secrets of success
Find thought leaders and follow them here on LinkedIn.
Interview Tips: Talk it out before you walk it out
The three-eyed raven: Looking back in time to help you see a brighter future
Five pieces of advice you can start doing today!
Industry courses are ‘nice to have’ but NOT ‘essential.’
My advice?️ Don’t do it if it breaks the bank!
Take all of this advice with a pinch of salt and adjust to taste.
You could ask 10 different fincrime compliance officers how they got into the field and they will give you 20 different answers.
Very few people have the same story, hence why breaking into the field can seem so challenging.
Some come from the legal, audit and accounting fields. Others started out fighting fraud and got drafted into compliance because they kept questioning the why and how of these criminals and their rustling red flags.
Still others have come from law enforcement, military or the government, leading the federal investigative agencies that are the tacit customers of the millions upon millions of suspicious reports filed by this community.
As in the hit series, “The Mandalorian,” there is not one set of tips, tactics or experiences that lead to compliance glory, so we can’t just say: “This is the way.”
But there are some key professional, even dare I say, personal, traits that this community of warriors — described by some as the tip of the spear in the fight against financial crime, have in common.
They are creative, curious and courageous.
Compliance to them is more than just rigid rules and riled up regulators. More than the arcane technicalities of backend risk-ranking methodologies and transaction monitoring model validation.
This group is the ultimate underdog, knowing that they face nigh impossible odds against a determined and dastardly adversary, with lives and life savings hanging in the balance.
But in all of this, they keep fighting, sharing and caring, failing and rising each day, revealing a resilience and tenacity that to me is, and always has been, inspiring.
See What Certified Financial Crime Specialists Are Saying
"The CFCS tests the skills necessary to fight financial crime. It's comprehensive. Passing it should be considered a mark of high achievement, distinguishing qualified experts in this growing specialty area."
KENNETH E. BARDEN
"It's a vigorous exam. Anyone passing it should have a great sense of achievement."
(CFCS, Official Superior
de Cumplimiento Cidel
Bank & Trust Inc. Nueva York)
"The exam tests one's ability to apply concepts in practical scenarios. Passing it can be a great asset for professionals in the converging disciplines of financial crime."
(CFCS, Royal Band of
"The Exam is far-reaching. I love that the questions are scenario based. I recommend it to anyone in the financial crime detection and prevention profession."
(CFCS, CAMS Lead Compliance
Trainer, FINRA, Member Regulation
Training, Washington, DC)
"This certification comes at a very ripe time. Professionals can no longer get away with having siloed knowledge. Compliance is all-encompassing and enterprise-driven."
CFCS, CAMS, CFE, CSAR
Director, Global Risk
& Investigation Practice
FTI Consulting, Los Angeles