KYC (sure) or Coverage (unsure) role ?
Hi everyone,
So here is my situation/issue I thought you guys might be able to help me with.
I got an offer for a job as a KYC (capital markets) analyst but I also have a second interview for a coverage analyst position at the same bank. I have to give an answer by Wednesday for the KYC one, but I am more interested in the second job. I am however scared to put pressure on the team about giving an answer quickly after the interview. Furthermore I am also scared to let the first opportunity go, as I kind of need a job. But I want to work more in IB as my career goes on and I am afraid a KYC position might penalized me. It's at the same bank so I can't really say yes to one and then go back on my word...
Any advice on what I should do ?
Thanks !
DO NOT DO KYC. I had to do KYC even though it was not my job (long story), fucking hell. Please please don't do that to yourself. No amount of money is worth that job.
Really ? Is there no 'exit' possibility? It would only be for a year and a half.
I don't know what the exit opportunities would be but god I wanted to die after 3 months. If you think you can do it for that long, go for it. I wouldn't.
Know your client- is essentially data entry. Avoid if at all possible
Right. That's what I heard as well.... Argh it's annoying because I was happy to have found a job and to move to NY. But it sounds pretty bad. Is there really no exit opps, knowing that I will only be there for a few months, not even 2 years.
Bump
Say no to Kentucky fried chicken.
KYC is back office with no real on-ramp to front office IB roles. It’s a path that leads to the compliance department. Seems getting to NY is a priority for you, if you want to be a compliance officer in NY, take it. If you want to be FO, don’t.
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