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az69648 05-05-2013 11:50 AM

Risk Management
 
Hi All,

Would there be anyone be kind to advise me on this?

Total 3 years working experience. 1 year in compliance, 2 years in risk management. I'm supporting the treasury division on Financial Institution Credit Risk & Counterparty Credit Risk. I'm also a Chartered FRM.

How much would I be drawing if I jump to my next job, similar scope and function?

Thanks in advance.

Unregistered 09-05-2013 11:45 PM

I am also interested to know how much can a compliance officer get in a bank after 3 years of working?

jobhunter1234 10-05-2013 12:54 AM

Quote:

Originally Posted by Unregistered (Post 36636)
I am also interested to know how much can a compliance officer get in a bank after 3 years of working?

Hi. Is compliance officer considered as middle or back office?

trish 10-05-2013 09:36 AM

Quote:

Originally Posted by az69648 (Post 36449)
Hi All,

Would there be anyone be kind to advise me on this?

Total 3 years working experience. 1 year in compliance, 2 years in risk management. I'm supporting the treasury division on Financial Institution Credit Risk & Counterparty Credit Risk. I'm also a Chartered FRM.

How much would I be drawing if I jump to my next job, similar scope and function?

Thanks in advance.

Risk analysts' position is roughly 6k and above range.


but it seem like the working conditions are not that good? may not be the same for all companies.. but stand chart doenst seem like too fun a place to be in

http://www.********.sg/standard-char...40/?poskw=risk

http://www.********.sg/salary/search/risk-salary-range/

Unregistered 10-05-2013 09:42 AM

For foreign banks basic should be 120k, plus bonus 160k+

Donny 10-05-2013 10:15 AM

Compliance no where near astronomical bonuses
 
Quote:

Originally Posted by jobhunter1234 (Post 36637)
Hi. Is compliance officer considered as middle or back office?

Compliance is back office. Risk management should be middle office. When it is said compliance officer, it could be an analyst doing back office work.

120k for foreign banks sounds possible but not probable. My opinion is that you won't be anywhere close to that for a local bank.

I would disagree with the 160k bonus even for a foreign bank. Seriously? Standard consensus among the bankers, large bonuses are tied to the revenue generating departments of the bank, that is trading, sales, M&A, IPO or the front office jobs. Compliance and Risk Management is not in that area.

Short anecdote - I know a guy fairly well working at JPMorgan back office, a role booking the booking of trades for the traders. Not sure whether it is similar to that of the original poster. Anyway, granted that he was only there for a year plus, if he knew he was going to get 120k with a 160k bonus in two years time, I'm pretty sure he'll stay. :)

Please don't get confuses that ANY job in a bulge bracket bank equals a 100k salary.

Unregistered 10-05-2013 11:29 AM

so for a senior compliance(4 years working exp) in an international bank, how much are we looking at?

also do you guys think compliance is a good profession to be in the banking sector? prospects wise good?

Unregistered 10-05-2013 11:41 AM

Quote:

Originally Posted by Unregistered (Post 36666)
so for a senior compliance(4 years working exp) in an international bank, how much are we looking at?

also do you guys think compliance is a good profession to be in the banking sector? prospects wise good?

I would say at least 100k base, maybe more for tier 1 global banks.

Prospect not as good as FO, but stay in the industry long enough hitting 300k all-in should be no problem.

Unregistered 10-05-2013 04:06 PM

Quote:

Originally Posted by az69648 (Post 36449)
Hi All,

Would there be anyone be kind to advise me on this?

Total 3 years working experience. 1 year in compliance, 2 years in risk management. I'm supporting the treasury division on Financial Institution Credit Risk & Counterparty Credit Risk. I'm also a Chartered FRM.

How much would I be drawing if I jump to my next job, similar scope and function?

Thanks in advance.

Ohhhh you are doing FI credit risk. And how much are you drawing now? Jumping to another bank's FI credit prolly maybe 10-20% increment ba depending on whether you are drawing below market or market rate now.

I am doing corporate credit risk, 1.5 years exp in back office ops, 2 years RM exp, 4.5 years credit exp. annual is ~ 76k excluding bonuses.

Donny 10-05-2013 05:23 PM

Quote:

Originally Posted by Unregistered (Post 36684)
Ohhhh you are doing FI credit risk. And how much are you drawing now? Jumping to another bank's FI credit prolly maybe 10-20% increment ba depending on whether you are drawing below market or market rate now.

I am doing corporate credit risk, 1.5 years exp in back office ops, 2 years RM exp, 4.5 years credit exp. annual is ~ 76k excluding bonuses.

Yup, this is a little more accurate. Just curious, your bonus about half your annual?

Unregistered 11-05-2013 10:29 AM

@ tier-1 bank, risk manager (with decision-making responsibility on bank risk limits + regulatory inflencing skills)
VP level - min 200k base, 20% bonus
ED level - min 250k base, 25% bonus
MD level -min 350k base, 35% bonus

Unregistered 11-05-2013 02:52 PM

Quote:

Originally Posted by Unregistered (Post 36762)
@ tier-1 bank, risk manager (with decision-making responsibility on bank risk limits + regulatory inflencing skills)
VP level - min 200k base, 20% bonus
ED level - min 250k base, 25% bonus
MD level -min 350k base, 35% bonus

Never heard of any MD that is paid <500k base, bonus is definitely much higher than 35% also....

Unregistered 13-05-2013 11:03 AM

Quote:

Originally Posted by Donny (Post 36735)
Yup, this is a little more accurate. Just curious, your bonus about half your annual?

ermmmm no my bonus is quite bad, maybe around 12.5% my annual ( like 1 month - 1.5 months).

For a trade-off I usually get to leave work before 6 (official knock-off: 5.30). Not many banks let you go back so early.

az69648 22-05-2013 08:36 PM

Dear All,

Thanks for kind replies. I graduated with 1st class in UOL, therefore started off in compliance and then made the switch to FI Credit. Drawing high 4 range which I find I'm quite underpaid for this role, though I understand getting promoted and rising internally doesn't guarantee a huge pay rise. Furthermore, its a small foreign bank.

What I do is to provide inputs on CSA as credit enhancements, FI Credit Reviews for Treasury Limits, tracking PFE for different product lines and also VaR and stress tests for different shock scenarios.

Unregistered 23-05-2013 09:22 AM

Quote:

Originally Posted by az69648 (Post 37404)
Dear All,

Thanks for kind replies. I graduated with 1st class in UOL, therefore started off in compliance and then made the switch to FI Credit. Drawing high 4 range which I find I'm quite underpaid for this role, though I understand getting promoted and rising internally doesn't guarantee a huge pay rise. Furthermore, its a small foreign bank.

What I do is to provide inputs on CSA as credit enhancements, FI Credit Reviews for Treasury Limits, tracking PFE for different product lines and also VaR and stress tests for different shock scenarios.

I have always found FI credit to be quite niched somehow I think corporate credit has better prospects / opportunities. Or switch to be a FI RM instead?

happyman 23-05-2013 08:30 PM

I am holding a private engineering degree .. do i stand any chance of going risk management for foreign bank ?.. i dun mind start off with contract based and a 2k plus salary for a head start. any constructive advises?

happyman 24-05-2013 12:22 AM

I am holding a private engineering degree .. do i stand any chance of going risk management for foreign bank ?.. i dun mind start off with contract based and a 2k plus salary for a head start. any constructive advises?

Unregistered 25-05-2013 11:09 AM

Quote:

Originally Posted by happyman (Post 37459)
I am holding a private engineering degree .. do i stand any chance of going risk management for foreign bank ?.. i dun mind start off with contract based and a 2k plus salary for a head start. any constructive advises?

Seriously, not a single chance.
There are too many talents on the street with degrees and masters.
IB are down sizing and woul suggest you have a related degrees to play on a common ground.


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