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  #1 (permalink)  
Old 05-05-2013, 11:50 AM
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Exclamation 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.

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Old 09-05-2013, 11:45 PM
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I am also interested to know how much can a compliance officer get in a bank after 3 years of working?

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Old 10-05-2013, 12:54 AM
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Quote:
Originally Posted by Unregistered View Post
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?

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Old 10-05-2013, 09:36 AM
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Quote:
Originally Posted by az69648 View Post
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/


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Old 10-05-2013, 09:42 AM
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For foreign banks basic should be 120k, plus bonus 160k+


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Old 10-05-2013, 10:15 AM
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Default Compliance no where near astronomical bonuses

Quote:
Originally Posted by jobhunter1234 View Post
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.
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Old 10-05-2013, 11:29 AM
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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?
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Old 10-05-2013, 11:41 AM
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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.
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Old 10-05-2013, 04:06 PM
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Originally Posted by az69648 View Post
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.
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Old 10-05-2013, 05:23 PM
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Quote:
Originally Posted by Unregistered View Post
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?
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