Son looking to get into compliance
Discussion
My 22 year old Son has been in the police for the last 4 years on response.
He would like to transfer to fraud within the police but given the police are always short on response police he's stuck indefinitely.
He's a genius on computers and finds fraud and compliance far more interesting and where he wants to be.
Any tips or advice as to how his current skill set might get him into a compliance/fraud/cyber crime role ?
He would like to transfer to fraud within the police but given the police are always short on response police he's stuck indefinitely.
He's a genius on computers and finds fraud and compliance far more interesting and where he wants to be.
Any tips or advice as to how his current skill set might get him into a compliance/fraud/cyber crime role ?
Edited by GT3Manthey on Tuesday 17th September 07:42
AWRacing said:
22 with 18years experience?? 
Can he get hold of the job role profile to see what they require and see if there is anything 'missing' from his own skillset. If all aligns then I guess he can just apply / put in for a transfer
Sorry have amended . Big fat finger there! Can he get hold of the job role profile to see what they require and see if there is anything 'missing' from his own skillset. If all aligns then I guess he can just apply / put in for a transfer
I'm not sure this is a set compliance type role within the police so he will need to dig deeper.
He's not married to the idea of staying within the police so I have suggested he tries to align what he's been doing with a role in a different organisation.
His main issue is that the police are blocking any transfer and yet when he first joined they rotate them in different departments to see what they like .
Edited by GT3Manthey on Tuesday 17th September 07:49
GT3Manthey said:
His main issue is that the police are blocking any transfer
Can he explain to the Fraud department that he is being blocked and ask them if they will interview/offer him as an external candidate and if he is successful he will if necessary quit roleA to take roleB if the transfer is still blocked?Voldemort said:
Can he explain to the Fraud department that he is being blocked and ask them if they will interview/offer him as an external candidate and if he is successful he will if necessary quit roleA to take roleB if the transfer is still blocked?
Not a bad idea tks. So far he's gone through one of his superiors who said she will find him something but she only comes back with "no current vacancies" hence him thinking of pursuing a role outside of the police.
I can see it's getting him down so trying to see if there might be another route he can try
All the banks have to maintain financial crime departments, it's an obligation
Example: https://www.santander.com/en/careers/uk-careers/wh...
I have a suspicion that spending all day putting together SARs (suspicious activity reports) may be less than exciting
Example: https://www.santander.com/en/careers/uk-careers/wh...
I have a suspicion that spending all day putting together SARs (suspicious activity reports) may be less than exciting
mikef said:
All the banks have to maintain financial crime departments, it's an obligation
Example: https://www.santander.com/en/careers/uk-careers/wh...
I have a suspicion that spending all day putting together SARs (suspicious activity reports) may be less than exciting
Many tks . Example: https://www.santander.com/en/careers/uk-careers/wh...
I have a suspicion that spending all day putting together SARs (suspicious activity reports) may be less than exciting
Looking at the London based role he'd need to have some relevant qualifications but worth exploring.
I'll send him the link, if nothing else it might well get him looking at similar roles .
One relative was with the Met for a few years…then it became clear he was waiting for “dead men’s shoes” for promotion, so he jumped ship to the FCA. He had done a degree first, so he would be a little older than your son, & he got on a grad thing with the FCA.
He did a few years there but now works for a “private” financial institution.
Very rarely interact with him so I can’t tell you much more than that, but tell him to look around.
He did a few years there but now works for a “private” financial institution.
Very rarely interact with him so I can’t tell you much more than that, but tell him to look around.
mikeiow said:
One relative was with the Met for a few years…then it became clear he was waiting for “dead men’s shoes” for promotion, so he jumped ship to the FCA. He had done a degree first, so he would be a little older than your son, & he got on a grad thing with the FCA.
He did a few years there but now works for a “private” financial institution.
Very rarely interact with him so I can’t tell you much more than that, but tell him to look around.
Great shout many tks Mike, will pass on He did a few years there but now works for a “private” financial institution.
Very rarely interact with him so I can’t tell you much more than that, but tell him to look around.
Compliance in financial services can be a good industry to get into, mostly thanks to the increased oversight by the FCA on a variety of matters at any one time. As a result, Compliance has become more important to firms and headcount (generally speaking!) has increased.
I spent ten years in Compliance across deliverable (physical) and non-deliverable foreign exchange and almost two years as a compliance consultant.
If he hasn't already done so, I would recommend your son get a LinkedIn account and start looking at jobs on there, for it to start to learn what he's looking for to suggest similar roles that he might otherwise not have thought of.
I myself returned to physical fx and started my own business as Compliance didn't always fulfil my desire to speak to and engage with clients but as a result of my experience on both sides of the fence, I have sympathy for both Compliance teams' requirements and clients' apparent exhaustion re document requests and KYC questions.
He could look at The Currency Cloud, whose services I use, or (dare I say!) the challenger banks like Monzo, Revolut or even Wise for early career experience.
I'd be happy to speak with him if he wants more of an insight into the industry.
I spent ten years in Compliance across deliverable (physical) and non-deliverable foreign exchange and almost two years as a compliance consultant.
If he hasn't already done so, I would recommend your son get a LinkedIn account and start looking at jobs on there, for it to start to learn what he's looking for to suggest similar roles that he might otherwise not have thought of.
I myself returned to physical fx and started my own business as Compliance didn't always fulfil my desire to speak to and engage with clients but as a result of my experience on both sides of the fence, I have sympathy for both Compliance teams' requirements and clients' apparent exhaustion re document requests and KYC questions.
He could look at The Currency Cloud, whose services I use, or (dare I say!) the challenger banks like Monzo, Revolut or even Wise for early career experience.
I'd be happy to speak with him if he wants more of an insight into the industry.
MisanoPayments said:
Compliance in financial services can be a good industry to get into, mostly thanks to the increased oversight by the FCA on a variety of matters at any one time. As a result, Compliance has become more important to firms and headcount (generally speaking!) has increased.
I spent ten years in Compliance across deliverable (physical) and non-deliverable foreign exchange and almost two years as a compliance consultant.
If he hasn't already done so, I would recommend your son get a LinkedIn account and start looking at jobs on there, for it to start to learn what he's looking for to suggest similar roles that he might otherwise not have thought of.
I myself returned to physical fx and started my own business as Compliance didn't always fulfil my desire to speak to and engage with clients but as a result of my experience on both sides of the fence, I have sympathy for both Compliance teams' requirements and clients' apparent exhaustion re document requests and KYC questions.
He could look at The Currency Cloud, whose services I use, or (dare I say!) the challenger banks like Monzo, Revolut or even Wise for early career experience.
I'd be happy to speak with him if he wants more of an insight into the industry.
Amazing thank you so much. I spent ten years in Compliance across deliverable (physical) and non-deliverable foreign exchange and almost two years as a compliance consultant.
If he hasn't already done so, I would recommend your son get a LinkedIn account and start looking at jobs on there, for it to start to learn what he's looking for to suggest similar roles that he might otherwise not have thought of.
I myself returned to physical fx and started my own business as Compliance didn't always fulfil my desire to speak to and engage with clients but as a result of my experience on both sides of the fence, I have sympathy for both Compliance teams' requirements and clients' apparent exhaustion re document requests and KYC questions.
He could look at The Currency Cloud, whose services I use, or (dare I say!) the challenger banks like Monzo, Revolut or even Wise for early career experience.
I'd be happy to speak with him if he wants more of an insight into the industry.
I will speak to him this evening, get him to read this thread ( he's currently unaware of this thread) and come back to you .
I do really think talking to someone with experience would be very useful .
Tks again
What Force is he in?
They (or the ROCU they are part of) are likely to have police staff investigation roles in financial investigation/economic crime units. This would be worth looking into, as would the NCA if they have an office nearby.
My local force pays their FIs up to 50k, so a good chunk higher than his current salary, plus more annual leave, flexitime etc
They (or the ROCU they are part of) are likely to have police staff investigation roles in financial investigation/economic crime units. This would be worth looking into, as would the NCA if they have an office nearby.
My local force pays their FIs up to 50k, so a good chunk higher than his current salary, plus more annual leave, flexitime etc
Defcon5 said:
What Force is he in?
They (or the ROCU they are part of) are likely to have police staff investigation roles in financial investigation/economic crime units. This would be worth looking into, as would the NCA if they have an office nearby.
My local force pays their FIs up to 50k, so a good chunk higher than his current salary, plus more annual leave, flexitime etc
He's In Essex Police. They (or the ROCU they are part of) are likely to have police staff investigation roles in financial investigation/economic crime units. This would be worth looking into, as would the NCA if they have an office nearby.
My local force pays their FIs up to 50k, so a good chunk higher than his current salary, plus more annual leave, flexitime etc
Most office based roles I think are Colchester or Chelmsford which isn't a dealbreaker.
I'll be chatting with him tonight in depth so will mention all the above .
Top stuff
z4RRSchris said:
compliance is boring as f
k.
financial crime much more exciting. A mate does it at CITI bank
Yes I very much think the same and financial crime is what ideally he'd do. k. financial crime much more exciting. A mate does it at CITI bank
Just trying to think of alternatives for him.
Shift work coupled with the usual dross he deals with on a daily basis I can see is getting him down.
What did your mate do prior to financial crime ?
I think ideally he needs some police financial crime experience but it's getting the foot in the door which is proving difficult
Edited by GT3Manthey on Tuesday 17th September 10:19
My mate was a copper and really wanted Special Branch.
Problem was, this was in the 1980s and he had no interest in joining the Masons.
Eventually transferred to a different force that had a large international airport and got Special Branch in a year.
Then decided he didn't really want it...
Oddly enough, prior to the transfer, he was in Fraud Squad. He also got to do a fair bit of overseas travel with the job. I think he also liked the fact that instead of arresting someone and then building a case, the arrest came at the end of the evidence gathering, so generally a certified charge and guilty plea.
ETA. See if he can find the name of a couple of Fraud Squad police officers and approach them for some info. If he is keen, he might get a tip off if a vacancy is imminent.
Problem was, this was in the 1980s and he had no interest in joining the Masons.
Eventually transferred to a different force that had a large international airport and got Special Branch in a year.
Then decided he didn't really want it...
Oddly enough, prior to the transfer, he was in Fraud Squad. He also got to do a fair bit of overseas travel with the job. I think he also liked the fact that instead of arresting someone and then building a case, the arrest came at the end of the evidence gathering, so generally a certified charge and guilty plea.
ETA. See if he can find the name of a couple of Fraud Squad police officers and approach them for some info. If he is keen, he might get a tip off if a vacancy is imminent.
Edited by Slow.Patrol on Tuesday 17th September 10:25
I’ve worked in (anti) financial crime in financial services for the past 14 years.
My advice would be for him to apply for an entry level position to get his foot in the door, and then study/focus on a more specialised area to develop and move on to.
A lot of the fintech banks (starling, monzo, revolut) have fairly frequent roles working in either fraud/aml customer service, or transaction monitoring. The pay isn’t great, but it gets him into the private sector and most are fully remote so doesn’t matter where he lives.
In terms of development, one of the best things for him to do would be to learn coding, (SQL and Python) and look into a career in fincrime data analytics if that suits him. Everything is data driven now, and it’s a real asset for a team member to understand.
Investigations work is interesting, but usually has an earnings limit on it, before you’d end up being a people manager or policy/strategy person to progress.
I prefer fraud to AML, as fraud is actual events rather than just ticking boxes for AML compliance that ‘might’ be money laundering. General compliance is dull.
Happy to answer any questions.
My advice would be for him to apply for an entry level position to get his foot in the door, and then study/focus on a more specialised area to develop and move on to.
A lot of the fintech banks (starling, monzo, revolut) have fairly frequent roles working in either fraud/aml customer service, or transaction monitoring. The pay isn’t great, but it gets him into the private sector and most are fully remote so doesn’t matter where he lives.
In terms of development, one of the best things for him to do would be to learn coding, (SQL and Python) and look into a career in fincrime data analytics if that suits him. Everything is data driven now, and it’s a real asset for a team member to understand.
Investigations work is interesting, but usually has an earnings limit on it, before you’d end up being a people manager or policy/strategy person to progress.
I prefer fraud to AML, as fraud is actual events rather than just ticking boxes for AML compliance that ‘might’ be money laundering. General compliance is dull.
Happy to answer any questions.
Greshamst said:
I’ve worked in (anti) financial crime in financial services for the past 14 years.
My advice would be for him to apply for an entry level position to get his foot in the door, and then study/focus on a more specialised area to develop and move on to.
A lot of the fintech banks (starling, monzo, revolut) have fairly frequent roles working in either fraud/aml customer service, or transaction monitoring. The pay isn’t great, but it gets him into the private sector and most are fully remote so doesn’t matter where he lives.
In terms of development, one of the best things for him to do would be to learn coding, (SQL and Python) and look into a career in fincrime data analytics if that suits him. Everything is data driven now, and it’s a real asset for a team member to understand.
Investigations work is interesting, but usually has an earnings limit on it, before you’d end up being a people manager or policy/strategy person to progress.
I prefer fraud to AML, as fraud is actual events rather than just ticking boxes for AML compliance that ‘might’ be money laundering. General compliance is dull.
Happy to answer any questions.
Thanks so much and to all the above posters. My advice would be for him to apply for an entry level position to get his foot in the door, and then study/focus on a more specialised area to develop and move on to.
A lot of the fintech banks (starling, monzo, revolut) have fairly frequent roles working in either fraud/aml customer service, or transaction monitoring. The pay isn’t great, but it gets him into the private sector and most are fully remote so doesn’t matter where he lives.
In terms of development, one of the best things for him to do would be to learn coding, (SQL and Python) and look into a career in fincrime data analytics if that suits him. Everything is data driven now, and it’s a real asset for a team member to understand.
Investigations work is interesting, but usually has an earnings limit on it, before you’d end up being a people manager or policy/strategy person to progress.
I prefer fraud to AML, as fraud is actual events rather than just ticking boxes for AML compliance that ‘might’ be money laundering. General compliance is dull.
Happy to answer any questions.
Part of the problem is that he was pretty much promised he'd get a move this summer but now the goal posts have moved .
Largely because they simply don't have enough response police.
Will chat with him this evening as mentioned and go from there
GT3Manthey said:
What did your mate do prior to financial crime ?
I think ideally he needs some police financial crime experience but it's getting the foot in the door which is proving difficult
he worked in compliance, then he worked on AML for high risk customers, then he did corporate intelligence, now financial crime - all at citi. I think ideally he needs some police financial crime experience but it's getting the foot in the door which is proving difficult
Edited by GT3Manthey on Tuesday 17th September 10:19
never been a copper, he speaks russian which helps
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