Entry-Level Positions For Aspiring Compliance And Risk Professionals
Success in the financial industry requires individuals who are "very flexible" and possess strong negotiation skills, able to effectively communicate the value of new processes and initiatives to multiple stakeholders. This involves navigating competing priorities and demonstrating how changes benefit both individual teams and the bank's overall risk mitigation and customer treatment.
Negotiation, Communication, Project Management, Problem-Solving, Leadership
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Karin Lin
VP, Compliance and Operational Risk
Large Bank
UC Berkeley, 2005
UCLA - Anderson School of Business / MBA
Political Science, American Studies
Finance (Banking, Fintech, Investing)
Finance
Honors Student, Scholarship Recipient, Pell Grant Recipient, Took Out Loans, Immigrant, Worked 20+ Hours in School, First Generation College Student
Video Highlights
1. Flexibility and negotiation skills are crucial for success in this industry.
2. Professionals must be able to effectively communicate and persuade others to adopt new processes or changes.
3. A significant portion of the work involves navigating various stakeholders and negotiating budgets, projects, and processes to mitigate risks and improve efficiency for the bank and its customers.
Transcript
How would you describe people who typically thrive in this industry?
People who thrive in this industry have to be very flexible. They also need to be able to negotiate and speak up.
This is because, as I've mentioned before, there's a lot of negotiating going on. It could be about budget, project importance, or even process.
You have to ask why someone would want to follow a process that you or your team has built. What's in it for them to do this extra work?
What does it mean for their workload and for the bank? Does it mitigate the bank's risk by ensuring we treat customers equally? Does it lead to cleaner data, a better system, or a more automated process?
These are all conversations that have to happen within sometimes five or ten different groups.