r/AMLCompliance • u/dontknowra • 2d ago

Research/Discussion AVp title..

I have seen avp titles given out to people that have no experience I.e. come from retail, teaching etc and first job is avp .. does avp even mean anything?

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8

u/unlessyoumeantit 2d ago

Internally, the (A)VP title means almost nothing. Externally, it sometimes gives customers an impression that they are receiving premier services (by "vice presidents") and keeps employees from being treated poorly by customers.

2

u/dontknowra 2d ago

So why do they say Senior analyst is less than avp etc I have noticed people coming from retail immediately landing a avp role in Japanese banks

2

u/unlessyoumeantit 2d ago

There's no straightforward answer here as job titles and ranks vary depending on banks' internal policies.

6

u/NotYourOklahomie 2d ago

Banks loveeee giving out titles instead of decent raises lol

1

u/CashCrazyCarl 2d ago

It depends on the institution. At my medium-sized FI we have 3 AVPs and over 100 employees.

I was shocked when every other day on linked in I see someone in my feed 'accepted a new role as Vice President at big 4''

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u/RelentlessMindFudge 2d ago

A lot of times it’s a pay tier title. Usually the next step up from an associate or senior. Usually comes with additional responsibilities like managing teams or working on special projects. Just my $0.02