Great for personal development - Senior Manager AML Saxo Bank Employee Review

4.0
13 Jul 2020
Recommend
CEO approval
Business outlook

Pros

Great for personal development. You are trusted and given autonomy, if you prove that you are reliable and knowledgeable. I had great managers both in Denmark and the UK. The UK office is well managed and with good vibe. The management team tries to balance business needs, and work life balance. Nice banter and sense of humour. Fierce discussions but productive and respectful. Some veteran people that have been around for 20-30 years in the largest banks and brokers and you can learn a lot from them.

Cons

Danish centric, as expected. The Nordics remain behind when it comes to the best AML practices. Most of the AML/Compliance staff based in Denmark doesn't have the slightest intention of getting up to date with the latest risks and trends in the AML arena. They are also reluctant to make decisions and they try to push everything to the First Line of Defence. A mix of true ignorance and laziness. The Compliance team in Denmark doesn't like to be challenged, specially if you are not Danishor based in an overseas office. Getting into the Compliance team is 99% of the times reserved to Danish people. But note that the official language of the company is English, and th ecommunication to the Danish regulator is in Danish and English. Also, you can imagine, the most problematic clients are not Danish, so the language criteria becomes pretty irrelevant. The Danish squad is also very reluctant to deem the UK or other EU regulators as their equivalent. The squad has a mentality that Denmark is more honest than the rest of Europe (looking at the Danske case... they should be more realistic about their honesty as a country). Note that this is an opinion about the technical side of the job

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5.0
8 Feb 2023
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Pros

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Cons

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Pros

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Cons

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