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Need advice - local bank or bulge bracket bank?

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  #11 (permalink)  
Old 15-10-2021, 05:02 PM
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Local bank Bo 5 months bonus? Slowly wait.
5 months in ringgits maybe have

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  #12 (permalink)  
Old 15-10-2021, 05:19 PM
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DBS pays on average 3 to 4 months bonus depending on company performance. 5 months bonus for good performer.

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Old 15-10-2021, 05:27 PM
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DBS pays on average 3 to 4 months bonus depending on company performance. 5 months bonus for good performer.
Might as well say Maybank pays 50 months bonus

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Old 15-10-2021, 05:31 PM
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Hahaha curios how is the bonus at Maybank?
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  #15 (permalink)  
Old 15-10-2021, 09:15 PM
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What is "junior compliance role" could you elaborate? junior is just a ranking and compliance is a broad term covering all domains of compliance from product compliance, regulatory compliance, licensing, AML, communications surveillance and many more
Paralegal, or those whose job title is literally junior compliance officer. They work under the qualified legal counsels and assist when the dept advises on legal matters.

AML, KYC all these saikang are usually outsourced to another dept under a different head (typically lower earning, with an ops background instead of legally trained).

That is what I mean when I say junior compliance role vs AML/KYC lackey.
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Old 16-10-2021, 09:40 PM
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Paralegal, or those whose job title is literally junior compliance officer. They work under the qualified legal counsels and assist when the dept advises on legal matters.

AML, KYC all these saikang are usually outsourced to another dept under a different head (typically lower earning, with an ops background instead of legally trained).

That is what I mean when I say junior compliance role vs AML/KYC lackey.
What is the job scope of a "junior compliance officer" which you are describing? What do they ensure FI's compliance to? What laws/regulations?

Not sure many banks, definitely not the BBs, refer to "junior compliance officer" as a specific job scope like you mentioned wrt to working "under qualified legal counsels", etc. Shouldn't they be under Legal team instead??? In most banks, junior doesn't really mean anything and compliance could refer to a multitude of roles as mentioned by the poster above (not just AML KYC)
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Old 18-10-2021, 10:52 PM
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What is the job scope of a "junior compliance officer" which you are describing? What do they ensure FI's compliance to? What laws/regulations?

Not sure many banks, definitely not the BBs, refer to "junior compliance officer" as a specific job scope like you mentioned wrt to working "under qualified legal counsels", etc. Shouldn't they be under Legal team instead??? In most banks, junior doesn't really mean anything and compliance could refer to a multitude of roles as mentioned by the poster above (not just AML KYC)
AML is lawyer meh? You tell me lah. Just describing the org structure at all the banks I have worked at.

Compliance and AML/CDD are separate departments, one has legally trained officers and a head of dept who is a lawyer by profession, and the other is helmed by aunties who just spent a long time there. Quite obvious to see where the money is.
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Old 18-10-2021, 11:20 PM
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AML is lawyer meh? You tell me lah. Just describing the org structure at all the banks I have worked at.

Compliance and AML/CDD are separate departments, one has legally trained officers and a head of dept who is a lawyer by profession, and the other is helmed by aunties who just spent a long time there. Quite obvious to see where the money is.
lol you're obviously not in the compliance field. just do a job search for compliance officer and you will see the job scope ranges from liaising with regulators to drafting of AML/KYC policies. position titles may differ in companies. i've seen companies having preference for head of compliance to have a law degree, however it is also common for people who have worked in MAS to be recruited due to their understanding of regulations and dealings with regulators. being a lawyer is not a must.

i have a friend who is now heading the compliance department for a fintech company and his kah kias, in your term the "junior compliance officers", are not required to be legal trained and did AML/CDD in their previous roles.
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  #19 (permalink)  
Old 19-10-2021, 05:25 PM
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Pretty sure a BB is better than a local bank in terms of salary, brand name and progression.
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  #20 (permalink)  
Old 19-10-2021, 11:39 PM
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AML is lawyer meh? You tell me lah. Just describing the org structure at all the banks I have worked at.

Compliance and AML/CDD are separate departments, one has legally trained officers and a head of dept who is a lawyer by profession, and the other is helmed by aunties who just spent a long time there. Quite obvious to see where the money is.
tiagong ticking the checklist ish jin hard
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