FinTech Silicon Valley Jobs

To rise in fincrime compliance career, conquer tech fears, get ‘uncomfortable’ to grow

While some banks fret on how to fight and file on fraud when it comes to suspicious transaction reports (STRs), the first mistake is not seeing fraud and AML as interlinked, part of the same continuum of illicit.

To be effective professionally and programmatically, compliance teams need to know both to communicate, coordinate and be a true ally of law enforcement. Banks are breaking down silos between fincrime departments, so a diverse skillset is not only a bonus – it could help futureproof your career.

Remember that we mentioned silos are crumbling and AML and fraud should be seen as interwoven threads of the same criminal cloth? Get ready to bone up on your cybersecurity credentials.

As hackers, criminal groups and foreign nation-states engage in ever more aggressive cyber-enabled frauds – think ransomware, business email compromise and phishing fusillades – that means your counter-crime teams must be more aligned than ever before and speak the same language.

To respond to tech savvy criminals, banks are employing things like artificial intelligence, machine learning and automation to create, capture and analyze data as never before.

What does that mean for you as a job seeker or even someone who wants to stay employed?

Don’t leave all of the systems engineering, data analytics, transaction monitoring tuning or cyber-sleuthing to the external vendors or internal eggheads. Learn how technology empowers your program so you don’t have egg on your face when regulators resume their rigor in a post-pandemic world.

But also remember to be self-sufficient when it comes to software snags. That can include something as simple as understanding how to unlock your PC or get back on your wi-fi – without a call to your “systems” guy or gal. Read more via ACFCS

Pemo Theodore

Pemo is a Media Publisher & Event Producer. She is CoFounder/CEO Silicon Valley TV She is the Executive Producer of FinTech Silicon Valley & organizes Bay Area FinTech meetup: Silicon Valley FinTech meetup & Blockchain Music meetup with almost 3k members. She has produced Silicon Valley Events for Investors & Startups 7 years. She video interviews venture capitalists & angel investors & FinTech experts. She partners with videographers to cover San Francisco Bay area startup conferences & meetups with livestreaming, video & foto packages Silicon Valley TV She is based in Silicon Valley & has been involved in online business for 14 years. She has been in small business for 46 years in Ireland, London, Canada & Australia. She also published a free ebook (the findings of 1 year research from VCs, angels & women founders) “Why are Women Funded Less than Men? a crowdsourced conversation” She was TheNextWomen‘s most prolific contributor of 2011. Silicon Valley TV has been noted as a platform for supporting high growth women led companies in Huffington Post

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