Salary.sg Forums - View Single Post - AML/Compliance/KYC professionals come in!
View Single Post
  #1006 (permalink)  
Old 03-11-2017, 12:04 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by ocp View Post
Thank you for the feedback. I guess 6k is an ideal figure after 3 years work experience. It would be the equivalent value of 4500 about 8 years back.

Would you mind sharing the requirements / functions which you fulfill in your work?

Thank you.


Thank you for the response. The experience is no doubt relevant. More so since laws, regulations and requirements are continuously upgraded. They haven't really changed, they have just upgraded to cover more ground and involve more functions. Yet, 10 years later fewer compliance officers will be required as many scopes of his work will get redundant because of better technology. Therefore, it is all about upgrading one's skills constantly with newer certifications and having the initiative to learn what else can be done out there with fintech, which have been doing. Anyways, I was told by a headhunter that the pay scale depends on market conditions. Currently the economy is not doing too well. But it really depends on the organization, in what they want to invest. I was also told that the salaries vary a lot, from as low as 2500 a month to 9000 a month from within the range of 1 to 5 years experience. Hence, wanted to know what is the average pay employees in foreign and local banks and other FIs are getting considering the work requirements they fulfill. Thank you.
I am the kyc poster. Basically I do kyc for new customers. Hard to explain here. I think its not too difficult to do kyc but many people classify this as ops.
Reply With Quote