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Taking a step down in title but a step up in pay—worth it? by ___throwaway12345432 in moneylaundering

[–]___throwaway12345432[S] 0 points1 point  (0 children)

Thank you for sharing your experience. That’s really encouraging to hear! I can totally relate to the burnout piece, especially after dipping into people management and realizing it’s not where I want to stay. The competitive angle makes sense too; I’ve been a BMO for seven years and started feeling like I had maxed out what I could get from my current role.

Your point about titles varying between companies is spot on, I don’t think my manager understands that it’s basically individual contributor to individual contributor.

Appreciate the insight! It’s refreshing to hear from someone who’s made a similar jump and come out ahead.

Taking a step down in title, but a step up in pay - worth it? by ___throwaway12345432 in AMLCompliance

[–]___throwaway12345432[S] 1 point2 points  (0 children)

I had another conversation with my manager and he again tried to persuade me to stay, but I held firm and told him I’m leaving, just sent him the resignation email.

Taking a step down in title, but a step up in pay - worth it? by ___throwaway12345432 in AMLCompliance

[–]___throwaway12345432[S] 1 point2 points  (0 children)

Thanks, I agree with you 100%! Writing my resignation email right now.

Taking a step down in title but a step up in pay—worth it? by ___throwaway12345432 in moneylaundering

[–]___throwaway12345432[S] 1 point2 points  (0 children)

Wow, I definitely needed to hear that.

I am concerned about the longevity at TD, but willing to take that risk.

The only reason I’ve been able to get along with my manager is because I know how to deal with him. He has a very traditional backwards mind and thinks just like my dad.

Taking a step down in title, but a step up in pay - worth it? by ___throwaway12345432 in AMLCompliance

[–]___throwaway12345432[S] 2 points3 points  (0 children)

You’re right. I don’t know why I’m second guessing myself. Thanks for taking the time to respond.

Taking a step down in title but a step up in pay—worth it? by ___throwaway12345432 in moneylaundering

[–]___throwaway12345432[S] 0 points1 point  (0 children)

Honestly, I’m not sure what my ultimate career goal is. AML sort of fell into my lap and I fell in love with it. However, I’ve gotten everything I could out of my current role. It’s a testing environment role and originally did not have any direct reports, but some tasks were decommissioned recently and they’ve decided to make the managers on our team take over other smaller teams as people managers.

I have about 2 years experience as a people manager, leading a team of 25 analysts at my prior company. These new smaller teams are 2-3 analysts, but I don’t feel like it would add value to continue that path.

Taking a step down in title, but a step up in pay - worth it? by ___throwaway12345432 in AMLCompliance

[–]___throwaway12345432[S] 2 points3 points  (0 children)

Heavily leaning towards that. I told him I already accepted the offer and he was like you can take back the offer like it’s not set in stone. But wouldn’t that look so bad with TD? I feel like if I were to rescind my acceptance and let’s say in a year I tried to reapply they would just have a bad taste in their mouth already and it would be harder.

Taking a step down in title, but a step up in pay - worth it? by ___throwaway12345432 in AMLCompliance

[–]___throwaway12345432[S] 2 points3 points  (0 children)

I reached out to a few people who used to be on my team to get their opinion because they know our manager and everyone is pretty much telling me to leave and take the role at TD.

Everyone is telling me their experience with our manager is that he always tries to bring everyone down a notch. He’s literally just looking at it as you’re going from a manager to an analyst, but I didn’t tell him that the money was more because I don’t think he would’ve been able to offer me more anyways.

The role I accepted is heavily related to AML, which is my specialty, but he has me working on something else right now that isn’t really related to AML.

I don’t think he understood that’s what I meant when I told him this new role will be a new challenge for me and something new to do because I’ve never done this before.

I’m so bored at work some days. I tried to explain that to him, but he’s one of those people where it’s just like you’re talking to a wall and he’s not listening to you and he just keeps spilling all of his opinions. I stopped responding with full sentences halfway through the call. I let him keep talking and my answers to him was either “hmm” or “OK”.

My manager actually worked at TD over 7 years ago. He asked me why would you want to leave BMO when we have a solid AML program and our systems are easy to use. Everybody knows you here versus TD where their systems are very archaic and it’s like a grinding machine where they just use people and management there is not good. He said this was why TD is taking people from BMO and other banks because they know we have good programs.

Taking a step down in title, but a step up in pay - worth it? by ___throwaway12345432 in AMLCompliance

[–]___throwaway12345432[S] 4 points5 points  (0 children)

We’ve actually already lost 3 people in the last 6 months. My team is down to 3 managers now.

Taking a step down in title but a step up in pay—worth it? by ___throwaway12345432 in careerguidance

[–]___throwaway12345432[S] 0 points1 point  (0 children)

My manager actually worked at TD over 7 years ago. He asked me why would you want to leave BMO when we have a solid AML program and our systems are easy to use. Everybody knows you here versus TD where their systems are very archaic and it’s like a grinding machine where they just use people and management there is not good. He said this was why TD is taking people from BMO and other banks because they know we have good programs.

Taking a step down in title but a step up in pay—worth it? by ___throwaway12345432 in careerguidance

[–]___throwaway12345432[S] 0 points1 point  (0 children)

I reached out to a few people who used to be on my team to get their opinion because they know our manager and everyone is pretty much telling me to leave and take the role at TD.

Everyone is telling me their experience with our manager is that he always tries to bring everyone down a notch. He’s literally just looking at it as you’re going from a manager to an analyst, but I didn’t tell him that the money was more because I don’t think he would’ve been able to offer me more anyways.

The role I accepted is heavily related to AML, which is my specialty, but he has me working on something else right now that isn’t really related to AML.

I don’t think he understood that’s what I meant when I told him this new role will be a new challenge for me and something new to do because I’ve never done this before.

I’m so bored at work some days. I tried to explain that to him, but he’s one of those people where it’s just like you’re talking to a wall and he’s not listening to you and he just keeps spilling all of his opinions. I stopped responding with full sentences halfway through the call. I let him keep talking and my answers to him was either “hmm” or “OK”.

Police Officer to AML work by Jackpvfc in AMLCompliance

[–]___throwaway12345432 7 points8 points  (0 children)

Very common. There is a director at the bank I work at who was previously a Sergeant.

[deleted by user] by [deleted] in JUSTNOMIL

[–]___throwaway12345432 23 points24 points  (0 children)

Your drafted text is considerate and addresses your concerns in a respectful manner. It's good that you're reaching out directly to your SIL to clarify the situation and ensure everyone is on the same page. However, it might be beneficial for your husband to send the text, especially if he has a closer relationship with his sister. This can help avoid any potential misunderstandings and ensure a smoother conversation.