How to enter middle office (KYC, Compliance, Risk Management) in bank ? - 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




How to enter middle office (KYC, Compliance, Risk Management) in bank ?

Reply
 
Thread Tools
  #1 (permalink)  
Old 04-06-2013, 01:49 PM
Verified Member
 
Join Date: May 2013
Posts: 11
ZoOq is on a distinguished road
Default How to enter middle office (KYC, Compliance, Risk Management) in bank ?

I am a fresh grad, holding an engineering degree. I wish to enter to these sector but it seems not easy. Most of my engineering friend start off by accepting those contract based job to accumulate at least 1 yr exp for a next job hop. Their official career started is when the day they convert into perm. Most of them took half mth to 1 yr to convert into perm. It depends mainly on luck, network and headcounts of the bank.

I facing difficulties to get a contract job becoz I wanna to get in to KYC/AML, compliance or risk management roles as some of my friends are lucky enough to get their hands on for those field on their first job. Therefore, I am trying my luck. Sending resume and checking with recruitment agent. Any advise to improvise my job seeking skills?

For compliance and risk management roles, how is the job nature compare to a bank and those MNC companies? In terms of annual income, workload and job scope, could anyone share the differences and experience?

I am wondering, for pple who started off in compliance or risk management roles in MNC regardless of any industries, can the exp and skill be transferable to banking sector during urs mid term career ?

Reply With Quote
  #2 (permalink)  
Old 06-06-2013, 10:05 AM
Verified Member
 
Join Date: May 2013
Posts: 11
ZoOq is on a distinguished road
Default

anyone could advise?



Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS 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
  #3 (permalink)  
Old 13-06-2013, 06:39 PM
Verified Member
 
Join Date: May 2013
Posts: 21
happyman is on a distinguished road
Default

Hi,

Can anyone share some tips? I am also seeking for back end mid office banking roles. Any tips on entering this market? Which roles are the prospect ones and with easier entry.

Reply With Quote
  #4 (permalink)  
Old 13-06-2013, 06:41 PM
Verified Member
 
Join Date: May 2013
Posts: 21
happyman is on a distinguished road
Default

If there are any openings of related field in your current job, Pm me thanks.
Reply With Quote
  #5 (permalink)  
Old 13-06-2013, 09:38 PM
Unregistered
Guest
 
Posts: n/a
Default Advice

My advice is don't bother if you think you can make big money out from it. Many people are suffering and want to get out. Like what the guys in UK say, the go-go years are gone. Base pay is getting lower, bonus (if there is) is miserable for the amount of workload.

It doesn't make economical sense to house a non revenue generating department in Singapore anymore.

Go find something that you are truly keen on.

This is the best advice i can give. Otherwise, you just have to keep trying.
Reply With Quote
  #6 (permalink)  
Old 14-06-2013, 12:58 AM
Verified Member
 
Join Date: May 2013
Posts: 21
happyman is on a distinguished road
Default

Bro dun be too pessimistic la... its not the end of the world =) Anymore advice?
Reply With Quote

  #7 (permalink)  
Old 14-06-2013, 01:17 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by happyman View Post
Bro dun be too pessimistic la... its not the end of the world =) Anymore advice?
hahahaha...go in and you will know...the true meaning of a living hell...
Reply With Quote
  #8 (permalink)  
Old 14-06-2013, 01:55 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
hahahaha...go in and you will know...the true meaning of a living hell...
contract staff in middle office but i do not see much prospect entering such positions

perm staff worked for long hours here and the remuneration dont really seem worth it.
on top of that, have to see the patterns of those sales people cause your bonus is indirectly dependent on their sales numbers..
Reply With Quote
  #9 (permalink)  
Old 14-06-2013, 03:16 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
hahahaha...go in and you will know...the true meaning of a living hell...
I am in credit risk management and it's not really hell leh. I get to go home everyday before 6 pm loh usually i leave around 5.35 - 5.45pm. My official hours are 9am - 5.30 pm loh. Work load is v manageable. Salary wise also not too bad 6k+ bonus around 2 months.

Pro-tip, work for a small-offshore bank where you do have crazy workloads.
Reply With Quote
  #10 (permalink)  
Old 18-06-2013, 02:55 PM
Verified Member
 
Join Date: May 2013
Posts: 21
happyman is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
I am in credit risk management and it's not really hell leh. I get to go home everyday before 6 pm loh usually i leave around 5.35 - 5.45pm. My official hours are 9am - 5.30 pm loh. Work load is v manageable. Salary wise also not too bad 6k+ bonus around 2 months.

Pro-tip, work for a small-offshore bank where you do have crazy workloads.
ya I am trying to get in to tis field too.. any tips or lobang? U may pm me. So far none response... Thanks ... any lobang?
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
Standard Chartered Bank Back Office brandon Income and Jobs 52 03-09-2022 09:26 AM
Career progression for risk management related position david Income and Jobs 84 27-09-2017 09:29 PM
Risk Management az69648 Income and Jobs 17 25-05-2013 11:09 AM
How many income groups are there - Low, Middle-low, Middle, Middle-high, High? xtrasaver Income and Jobs 20 27-12-2011 01:52 AM
Hospital/Polyclinic Admin Jobs for Middle-Aged Auntie? AndroAsc Income and Jobs 6 20-11-2011 09:13 AM

» 30 Recent Threads
DBS tech seed programme ( 1 2 3... Last Page)
2,499 Replies, 725,995 Views
ST Electronics ( 1 2 3... Last Page)
3,144 Replies, 956,707 Views
Career as Teacher ( 1 2 3... Last Page)
6,224 Replies, 3,940,945 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
562 Replies, 233,632 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
9,189 Replies, 2,889,712 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,159 Replies, 3,150,953 Views
Electrical Engineering Jobs in...
2 Replies, 333 Views
How is life as a doctor in... ( 1 2 3... Last Page)
4,280 Replies, 2,114,486 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,686 Replies, 3,315,945 Views
Lawyer Salary ( 1 2 3... Last Page)
18,047 Replies, 7,134,348 Views
Management Consultant MBB Big4 etc... ( 1 2 3... Last Page)
227 Replies, 106,336 Views
Micron starting pay ( 1 2 3... Last Page)
563 Replies, 215,536 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
966 Replies, 659,080 Views
For those with 2-5 YOE, what is... ( 1 2 3... Last Page)
1,044 Replies, 253,620 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
730 Replies, 205,588 Views
IMDA (under MCI) ( 1 2 3... Last Page)
354 Replies, 181,420 Views
Roles in accenture singapore ( 1 2 3... Last Page)
5,398 Replies, 1,170,235 Views
20% salary bump? ( 1 2)
19 Replies, 5,186 Views
Engineer Pay ( 1 2 3... Last Page)
524 Replies, 285,283 Views
RM Salaries and Commissions
0 Replies, 92 Views
What are some good non-fang tech... ( 1 2 3... Last Page)
71 Replies, 18,766 Views
Be a commodities trader ( 1 2 3... Last Page)
223 Replies, 216,441 Views
jobs at Tech companies
4 Replies, 3,256 Views
Bnp paribas graduate ( 1 2 3... Last Page)
194 Replies, 114,067 Views
Credit Suisse ( 1 2)
14 Replies, 5,713 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
341 Replies, 110,653 Views
How much do you earn and save? ( 1 2 3... Last Page)
385 Replies, 181,993 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,475 Replies, 2,533,778 Views
GovTech Tech Associate Program... ( 1 2 3... Last Page)
351 Replies, 143,534 Views
Compare civil service salary ( 1 2 3... Last Page)
14,844 Replies, 9,613,674 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 06:29 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2