1st year analyst, really not satisfied with the role but need a sanity check.

I work as an analyst a financial services role at a in a highly regulated industry. I started  mid-last year and it was fine, extremely slow starting out because my MD wanted to train me on a specific technical reporting system that's really important to our work/the models we use. It was okay, but the associate who was supposed to train me was obviously pissed at his job, barely came into the office, and basically blew me off saying he was busy whenever I'd try to ask questions/learn from him.

He ends up resigning late last year and a bunch of his work immediately falls on my MD. I'm pretty excited because I think it'll mean I'll get more opportunities to learn and grow.

However, I'm stuck just doing process stuff, my MD has basically taken all the excessive coverage and my job is over 90% compliance/admin stuff, which I both really dislike and I'm not very good at. I'm finding it very stressful and unpleasant, additionally my MD is super stressed and has zero time to train me on any of the actual complex and high value work.

I find everything stressful, as he often calls me to criticize me, and it makes doing anything super stressful because I need to triple check it to ensure no mistakes, which makes me seem inefficient.

I'm the only person working under him so all the admin/process stuff goes to me, and there's no way to stand out besides doing the process stuff. It's been like this since the start of the year, and it won't get until mid June if everything goes well and they increase headcount. I've come to really dread my job and find it miserable, I feel like I'm spinning my wheels but I don't think I have enough experience to find something better. I feel extremely misled because the heavy procedural and compliance work never came up in the interview, I went from building models and making ad-hoc reports to doing stultifying work.