Auditor in UOB

[roy82]

Hi, I am going to meet HR of UOB tomorrow and would like to do a salary benchmark with the market industry now.

I worked in a big 4 as an Assistant Manager (Risk & Control) for 2 years and in total, I have 6 years of working experience with the other 4 years in system administration. How much should I request from UOB? The position I am offered is an Associate role as they couldn't offered me AVP due to my zero experience in Banking products.

Appreciate any advice from seniors out there

uob is one of the worst paymaster around. if you are going for money don't go to uob. My friend is a AVP in UOB getting less than 4k

Thanks.So out of the 3 local banks, UOB, OCBC and DBS, which one pay better?

Originally Posted by Unregistered

uob is one of the worst paymaster around. if you are going for money don't go to uob. My friend is a AVP in UOB getting less than 4k

Rubbish, talk rot @ less than 4k, though I agree UOB rank pretty low in salary in the banking industry.

Originally Posted by Unregistered

Rubbish, talk rot @ less than 4k, though I agree UOB rank pretty low in salary in the banking industry.

Well said, from what I gather from the OP is that his job is more to the non-quantitative side of risk management, hence from a position below AVP ie. a Snr Assoc in a local bank should net te incumbent 7.5-9k/pm excl bonus.

However if the post entails quantitative risk management, local paymasters will go up to 11-13k /mth max for the said position, for foreign investment firms like Blackstone or KKR an LBO firm, a Snr Assoc below AVP can draw an average of $35 k /mth excl possible bonus of up to 10-12 months. Nearing 400k per annum before tax.

Cheers

Originally Posted by Unregistered

Well said, from what I gather from the OP is that his job is more to the non-quantitative side of risk management, hence from a position below AVP ie. a Snr Assoc in a local bank should net te incumbent 7.5-9k/pm excl bonus.

However if the post entails quantitative risk management, local paymasters will go up to 11-13k /mth max for the said position, for foreign investment firms like Blackstone or KKR an LBO firm, a Snr Assoc below AVP can draw an average of $35 k /mth excl possible bonus of up to 10-12 months. Nearing 400k per annum before tax.

Cheers

Seriously, dun give false hope to TS... 7.5-9K pm for associate is only for foreign investment bank and for selected position only.

For local bank, below AVP, expect less than 6K... the likely median (not higher end or lower end) for associate would be 4.5K

Agree. AVP salary range should be around $5k to $8k for local banks. My impression is that UOB tends to be pretty easy-going in promoting people to AVPs, or even VPs fot that matter, so the salary range could be lower.

yes, i agree to the above poster, an AVP could get as much as 6 - 8k per annum for an IA position in the IB's such as Barclays Capital and the like. Risk, Audit and Compliance are not profit centers but rather cost, so it simply means this position does not command a salary based on Company's profit, so BS on the person who mentioned about bonuses of more than 2 months, the best IA gets is 2 mos, that's it, and it comes in a good year where risk professionals are in demand, and not because the Company is raking up profits.

UOB being a local bank may be at the lower end of the scale for an AVP level, so I reckon a salary of 6 - 7k. An associate should be around 4.5k to 6k, this is because you have a big 4 experience, so you may be taken in as an associate but your salary is close to that of an AVP.

Source:
Ex External Auditor for the Big 4 firm (6 Years) who specializes in Banking and Financial Institution, currently working as an Internal Auditor for a financial institution.

Am being selected by UOB for a Senior Business Analyst position in IT department . I hold 11 years of experience. Can anyone pls suggest me how much salary can I expect for the said position in UOB ? How is their bonus and other allowances ?

14-18k for vp level. bonus 7-8 mths for average performer