[xan]

Originally Posted by Unregistered

Hi !

Graduated last yr May and gotten a compliance role with a european bank specializing in the area of aml risk n controls.

At entry levels, AML/kyc roles r paid lower than their middle/front office counterparts. You don't really have to work late / OT over the wkends becoz workloads r generally manageable. But of coz there r days u have to come back during wkends for UAT testing, etc. And , u will have plenty of "life" outside. It all comes down to how u manage your work. Every tasks that you're given with r tagged with a deadline. U screw it up, u stay back n finish it. Some banks separate AML/KYC with compliance coz at low lvls things r generally quite mundane. But as u progresses up, to somebody that provides advisory, yr pay increases exponentially. At AVP level, you can expect around 5-7k basic depending on which part of the bank u serve. From what i know, private banking pays much more to their AML executives... As you clock the hours, you might wanna explore different other compliance functions. There r specific areas within compliance that pays very well Unfortunately, they dont just accept any fresh grad with no prior exp in regulatory roles, you gotta work your way up there. There r also professional certs (subsidized by MAS) which banks favor it a lot.

P.S: graduated with FCH and drawing just abit below mid 3s.

Wow, am really keen to know which bank do you work for. Mine requires OT everyday, workload is crazy):