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?

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 51 26-01-2021 08:09 PM
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
Queries about Cpib application ( 1 2 3... Last Page)
1,296 Replies, 653,321 Views
UOB Management Associate Program ( 1 2 3... Last Page)
478 Replies, 289,463 Views
GovTech ( 1 2 3... Last Page)
505 Replies, 347,702 Views
Working in a bank ( 1 2 3... Last Page)
531 Replies, 343,845 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
577 Replies, 459,434 Views
Compare civil service salary ( 1 2 3... Last Page)
12,740 Replies, 7,498,322 Views
Can share your your car... ( 1 2 3... Last Page)
37 Replies, 14,860 Views
How is life as a doctor in... ( 1 2 3... Last Page)
2,942 Replies, 1,464,788 Views
How rich/poor am I compared to... ( 1 2 3... Last Page)
86 Replies, 73,298 Views
Mnc jobs - a must in life ?? ( 1 2 3... Last Page)
176 Replies, 69,463 Views
Grab Finance Graduate Programme... ( 1 2 3)
23 Replies, 2,354 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
3,119 Replies, 1,331,882 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
519 Replies, 297,289 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
248 Replies, 107,021 Views
Whats your net worth ( 1 2 3... Last Page)
2,852 Replies, 969,694 Views
Lawyer Salary ( 1 2 3... Last Page)
14,385 Replies, 4,843,164 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,209 Replies, 2,599,253 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,786 Replies, 4,421,784 Views
ST Electronics ( 1 2 3... Last Page)
2,390 Replies, 609,164 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,953 Replies, 1,815,136 Views
How much do you earn and save? ( 1 2 3... Last Page)
296 Replies, 113,189 Views
Getting MBA worth? ( 1 2 3... Last Page)
140 Replies, 101,663 Views
High Finance Thread ( 1 2 3... Last Page)
354 Replies, 112,580 Views
Singtel Management Associate... ( 1 2 3... Last Page)
279 Replies, 154,081 Views
DBS tech seed programme ( 1 2 3... Last Page)
1,111 Replies, 273,517 Views
JTC (Jurong Town Corporation) ( 1 2 3... Last Page)
38 Replies, 40,457 Views
IB Salaries in SG (BBs and EBs...
0 Replies, 147 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
3,442 Replies, 1,400,301 Views
Career as Teacher ( 1 2 3... Last Page)
4,073 Replies, 2,582,139 Views
Officer Role in Bank of Tokyo -... ( 1 2 3... Last Page)
209 Replies, 172,571 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 03:52 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2