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10-05-2018, 07:17 PM
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Quote:
Originally Posted by Unregistered
Hey guys, fresh grad here and im particularly interested in the field of AML/compliance & was offered this position.
May i know which is a better choice ?
salary is not my main focus but experience and skills is what im looking after.
Company A (insurance coy)
-do ppt for training, getting documents from other departments and reporting to regulators, doing research for regulatory updates and fieldwork
Company B (global bank)
-getting documents from clients, kyc and to pass on to cdd stage
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To be honest, both roles are administrative in nature. Compliance is more towards advisory n policy.
Even for ur kyc role, it is the document collection work. The real kyc work comes at the cdd stage.
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10-05-2018, 07:23 PM
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Quote:
Originally Posted by Unregistered
To be honest, both roles are administrative in nature. Compliance is more towards advisory n policy.
Even for ur kyc role, it is the document collection work. The real kyc work comes at the cdd stage.
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thanks, you're right. but i believe i do need to start somewhere as a fresh grad without any prior experience. so am i right to say company b will be a better place to start and progress to cdd stage in the future ?
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10-05-2018, 08:17 PM
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Quote:
Originally Posted by Unregistered
thanks, you're right. but i believe i do need to start somewhere as a fresh grad without any prior experience. so am i right to say company b will be a better place to start and progress to cdd stage in the future ?
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From the description, yes B seems like a better choice. You wont learn much from doing ppt slides or research for regulatory updates etc.
You need to have a good mentor at work. For KYC, if you are lucky enough, you may deal with auditors and regulator. You may also assist in drafting policies and implementing it.
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18-05-2018, 08:02 AM
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Hi everyone, keen to get a general consensus on perm vs contract job. Currently am in a back office role, which is a perm job. I have been offered a middle office role which is a 1 year contract. Not sure if I should take it up, as I may be out of a job in a year again. However I am keen to move out of the back office, but not sure if it's a worthwhile risk to take.
Also, how many % increment in my current salary can I ask for if I move from a perm to a contract role? Thanks.
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18-05-2018, 09:26 AM
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Quote:
Originally Posted by Unregistered
Hi everyone, keen to get a general consensus on perm vs contract job. Currently am in a back office role, which is a perm job. I have been offered a middle office role which is a 1 year contract. Not sure if I should take it up, as I may be out of a job in a year again. However I am keen to move out of the back office, but not sure if it's a worthwhile risk to take.
Also, how many % increment in my current salary can I ask for if I move from a perm to a contract role? Thanks.
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Contractual roles mean the risks are on you. Typical budget of any company is to pay 20% more than the said perm role. So look at 15-20% on top of the expected pay of such a perm role rather than to benchmark against your current salary.
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18-05-2018, 08:35 PM
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i'm currently working as CDDKYC analyst and accumulated 4.5 years experience, drawing $5k/mth currently.
should i be happy?
should i study for CAMS/ICA? will it help?
thank you for advice...
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18-05-2018, 11:00 PM
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Quote:
Originally Posted by Random Stranger
i'm currently working as CDDKYC analyst and accumulated 4.5 years experience, drawing $5k/mth currently.
should i be happy?
should i study for CAMS/ICA? will it help?
thank you for advice...
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Are you from a bank? How many months of bonus are you getting?
ACAMS does help in your work. Pay wise may not.
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19-05-2018, 06:01 PM
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Quote:
Originally Posted by Unregistered
Are you from a bank? How many months of bonus are you getting?
ACAMS does help in your work. Pay wise may not.
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thanks for answering. yes i’m in an international bank.
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19-05-2018, 06:03 PM
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Quote:
Originally Posted by Unregistered
thanks for answering. yes i’m in an international bank.
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sorry post too fast. i’m in international bank, bonus about 1.5 to 2 months. my key aim is to find ways to earn higher salary
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19-05-2018, 07:19 PM
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Quote:
Originally Posted by Unregistered
sorry post too fast. i’m in international bank, bonus about 1.5 to 2 months. my key aim is to find ways to earn higher salary
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Thanks for the reply. acams can help you to understand your work better. Perhaps you can apply for more senior roles or companies that can pay well.
I am in kyc for 4 years plus 1 year in operations. I am getting abt 6.2k/month with Aws. Bonus is average 2 months. I switched to a well known MNC in payments industry from banking.
I had acams as well but it does not equate to higher pay.
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