What is the pay progression and working hours as a KYC analyst in DBS? - Page 2 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




What is the pay progression and working hours as a KYC analyst in DBS?

Reply
 
Thread Tools
  #11 (permalink)  
Old 07-02-2018, 02:53 PM
Unregistered
Guest
 
Posts: n/a
Default

[QUOTE=Unregistered;104445]
Quote:
Originally Posted by Unregistered View Post
Anyone from DBS or knows about there advise on the following

1) is there a lot of OT as a KYC analyst in DBS?
No OT. Very good hours and environment. The progression for KYC is good as well and have many colleagues move onto risk and compliance role in foreign bank as well as buy side firm.

2) What is the pay progression like?
analyst - 3.5k
associate - ~6k
senior associate - >6.5k
2 years to move from analyst to associate and another 2 years to senior associate/manager. DBS has good progression and is stable with good bonuses for KYC peeps since they are growing their business rapidly
Nice troll. Even KYC in a bulge bracket bank won't have such good progression, DBS so nice to its employee?

Reply With Quote
  #12 (permalink)  
Old 07-02-2018, 04:18 PM
Unregistered
Guest
 
Posts: n/a
Default

KYC is the volume that makes it tedious in the long run.

Most banks will have OT. I have been in KYC for close to 4 years and getting 6k excluding bonus.

But life is tough.

Reply With Quote
  #13 (permalink)  
Old 07-02-2018, 04:33 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
KYC is the volume that makes it tedious in the long run.

Most banks will have OT. I have been in KYC for close to 4 years and getting 6k excluding bonus.

But life is tough.
what abt DBS?

Reply With Quote
  #14 (permalink)  
Old 07-02-2018, 04:40 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
what abt DBS?
It is more of the job nature of KYC. Is there something you like about DBS?

KYC is tough everywhere even for the local banks. I have been with 2 banks and now I am in a payments company.

Given the job nature, I will go to where I am being paid. I dont really bother about which company so long they can pay me.
Reply With Quote
  #15 (permalink)  
Old 07-02-2018, 09:24 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hi. Possible to elaborate on what you meant by steep?
Hi,

What I mean "step" is the leaning curve. Because whatever you will be doing next, most likely involve more judgement calls and more work, and not everyone is prepared to do more or think more, but that is a determining factor to see if you could promote to Senior Associate faster then eventually AVP, all within 5-7 years.


SG BusLeh mobile app
SG BusLeh - the best bus app - available on iPhone and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #16 (permalink)  
Old 07-02-2018, 09:29 PM
Unregistered
Guest
 
Posts: n/a
Default

[QUOTE=Unregistered;104445]
Quote:
Originally Posted by Unregistered View Post
Anyone from DBS or knows about there advise on the following

1) is there a lot of OT as a KYC analyst in DBS?
No OT. Very good hours and environment. The progression for KYC is good as well and have many colleagues move onto risk and compliance role in foreign bank as well as buy side firm.

2) What is the pay progression like?
analyst - 3.5k
associate - ~6k
senior associate - >6.5k
2 years to move from analyst to associate and another 2 years to senior associate/manager. DBS has good progression and is stable with good bonuses for KYC peeps since they are growing their business rapidly
I do not know where you get the numbers from, like someone had mentioned only the Associate is relevant.

Analyst ($2700 - $3500) - 2 to 3 years to Associate
Associate ($3700 - $4700) - 2 to 4 years to Senior Associate, depending on performance
Senior Associate ($4800 - $6000) - 2 to 4 years to AVP, depending on performance
AVP ($6200 - $9000) - No specific years to be promoted to VP, this one really depends

-Ken
Reply With Quote

  #17 (permalink)  
Old 07-02-2018, 10:13 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
KYC is the volume that makes it tedious in the long run.

Most banks will have OT. I have been in KYC for close to 4 years and getting 6k excluding bonus.

But life is tough.
your company still hiring? can intro? I also want to earn 6k doing KYC


SG BusLeh mobile app
SG BusLeh - the best bus app - available on iPhone and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #18 (permalink)  
Old 08-02-2018, 08:32 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
what abt DBS?
because i am gg to start work in one mth time, so wanna know the situation inside? Hopefully someone working in KYC from there or know abt there can advise me
Reply With Quote
  #19 (permalink)  
Old 08-02-2018, 09:25 PM
Unregistered
Guest
 
Posts: n/a
Default

Shouldn't you ask all these questions during interview? the role might not be able to offshore completely but it can be easily replaced by technology and fresh grad taking your job few years down the road.
Reply With Quote
  #20 (permalink)  
Old 15-02-2018, 08:44 AM
Unregistered
Guest
 
Posts: n/a
Default

In SCB, all those doing KYC are generally all fresh grads and they have a very high turnover rate. Many XMM in their dept. Only about 3-4 slightly more senior staff the rest all churning freshies.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »

Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
What is the reasonable Commuting hours in SG? unregistered235 Income and Jobs 5 16-03-2016 11:45 AM
After work hours Chuan-Jin Income and Jobs 2 17-11-2014 12:00 AM
★ Earn 2K~5K/month working from home with flexible worrking hours ronallane Marketplace and Find Work 0 14-06-2012 10:55 PM
Recruitment Officer / Coordinator wanted! Work at Home with flexible working hours! kordel Marketplace and Find Work 6 05-06-2012 12:20 AM
Shift working hours in NTU heart_of_flea Income and Jobs 1 23-09-2011 04:47 PM

» 30 Recent Threads
Lawyer Salary ( 1 2 3... Last Page)
3,371 Replies, 1,037,051 Views
Exxon salary question
5 Replies, 954 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
1,760 Replies, 601,278 Views
Career as Teacher ( 1 2 3... Last Page)
1,113 Replies, 800,497 Views
Enterprise Singapore hiriing...
2 Replies, 498 Views
Best Primary Schools 2018
0 Replies, 69 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,002 Replies, 444,120 Views
How is life as a doctor in... ( 1 2 3... Last Page)
311 Replies, 514,572 Views
Compare civil service salary ( 1 2 3... Last Page)
7,104 Replies, 3,850,315 Views
Queries about Cpib application ( 1 2 3... Last Page)
861 Replies, 313,183 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,221 Replies, 352,172 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
2,206 Replies, 983,966 Views
JP Morgan ( 1 2)
13 Replies, 6,282 Views
Top paying companies in SG for... ( 1 2 3... Last Page)
55 Replies, 34,923 Views
Changi Airport Group ( 1 2 3... Last Page)
339 Replies, 219,409 Views
Should i take up CSIT...
1 Replies, 738 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,318 Replies, 275,225 Views
SAS BIA Program
2 Replies, 202 Views
Enquiries about NEA scientific...
1 Replies, 343 Views
Senior police officer in SPF...... ( 1 2)
19 Replies, 52,320 Views
Constituency Manager (People... ( 1 2 3... Last Page)
572 Replies, 277,952 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
732 Replies, 461,382 Views
15% pay cut from private sector to... ( 1 2 3... Last Page)
1,433 Replies, 714,284 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
1,929 Replies, 1,172,434 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
463 Replies, 196,201 Views
Performance Improvement Plan - New... ( 1 2)
19 Replies, 7,314 Views
Engineer Pay ( 1 2 3)
27 Replies, 3,507 Views
Fresh Grad looking to enter...
1 Replies, 1,576 Views
Startup or Bank?
3 Replies, 463 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 05:06 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2