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

[ZoOq]

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 ?

[ZoOq]

anyone could advise?

[happyman]

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.

[happyman]

If there are any openings of related field in your current job, Pm me thanks.

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.

[happyman]

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

Originally Posted by happyman

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...

Originally Posted by Unregistered

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..

Originally Posted by Unregistered

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.

[happyman]

Originally Posted by Unregistered

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?