So we got told that AI will be doing some of our work, the “easy cases”. I know Tampa will be seeing layoffs this year, anyone got insight if AML will be affected? They’re upping our pace in June due to an uptick in workload
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Layoffs will be inevitable when the AI projects are implemented. The scope will be limited, but less work = less demand for human capital. Will the layoff be geographic? Based off performance or business line? Who knows.
@jr could be, but here is reality. This is a quote from a standard chartered on laying off back office people due to the implementation of ai from today’s guardian :
“The most affected roles will be with the bank’s back-office centres, including those in Chennai, Bengaluru…. It’s not cost-cutting. It’s replacing in some cases lower-value human capital with the financial capital and the investment capital we’re putting in,”
Low value human capital…. Ai means abort India for these guys.
https://www.theguardian.com/business/2026/may/19/standard-chartered-bank-cut-jobs-ai-london
Of course this will happen globally, but there’s the standard chartered take…replace low value human capital in india with ai. Not my words, sc banking executives in a global newspaper.
@jq who tf are junior roles? There’s analysts who work the cases, reviewers who review SARs, and managers who do who the he-l knows what
@jn nope AI stands for American Incompetence
AML is one of the easiest things to automate. 100% going to eliminate plenty of junior roles.
@hv short answer: no. The “I” in Citi stands for “incompetence.”
@fc This is hilarious. 10 years ago AML/KYC was primarily in Costa Rica. Lots of management from the US moved there. 4 years later, the site pretty much closed. Now they are moving it back again. Does this company have any idea wtf they are doing?
@fc I wish
Hiring in Costa Rica as well. Give it a few years and will be little left of AML onshore.
@dn damn 2030? I was hoping this year lol
I've seen multiple AI projects that greatly affect multiple KYC and AML some going into effect end of this year and some not being implemented till 2030. If your in a KYC or aml role I'd get out while you can or atleast start looking, some of the AI agents are just in the beginning stages but they can finish low to medium risk rated cases fully autonomous and have a 97%+ QC rate which is better that most analyst. I think by early 2030 Citi will automate most of their KYC or aml department then what ever is left give it to India.
KYC and AML will 100% be impacted. I seen a tool that completely eliminates junior roles and takes it straight to QC.
I have to worry about the people want to take my place. There are no friends at Citi. Only those who want to take your place or dismiss you as your nada.
When the Jane Frasers and the Brian Moynihans of this world go before Wall Street and claim they can eliminating jobs through AI-driven efficiencies it is really AI washing.
While artificial intelligence does indeed have promise as a labor-saving technology, this is what is really happening to the work when jobs are cut in 2026:
- Some projects will simply be shelved
- Work is sent overseas to be performed by lower-paid humans in places like India and Costa Rica
- Remaining employees have more work dumped on them (they are expected to automate their workflows with agentic AI tools like GitHub which in cases is impossible)