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02-06-2023, 08:09 PM
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Quote:
Originally Posted by Unregistered
How is IT audit like nowadays? Heard it's not a very popular role despite the decent pay as it's deadend and boring.
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Can’t expect much from an audit role, naturally they’d be boring. But should pay pretty well especially when it concerns IT.
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04-06-2023, 10:17 AM
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Hello dear compliance folks and peers, I graduated in 2017 and have close to 6 years of working experience in the compliance space till date in 2 large banks.
Currently drawing ~ $7.5k p.m. Is this reasonable for my years of experience? If not, what is a good ballpark figure that I should be expecting?
Thank you
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06-06-2023, 08:19 AM
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Quote:
Originally Posted by Unregistered
Hello dear compliance folks and peers, I graduated in 2017 and have close to 6 years of working experience in the compliance space till date in 2 large banks.
Currently drawing ~ $7.5k p.m. Is this reasonable for my years of experience? If not, what is a good ballpark figure that I should be expecting?
Thank you
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Came here for a similar query. I graduated in 2017 too and currently drawing 7.8k. Been looking around these few months and was recently offered a role at 9.3k. Was wondering if this offer was in line with current compliance market averages.
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06-06-2023, 10:31 AM
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Quote:
Originally Posted by Unregistered
Came here for a similar query. I graduated in 2017 too and currently drawing 7.8k. Been looking around these few months and was recently offered a role at 9.3k. Was wondering if this offer was in line with current compliance market averages.
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Although there are many variables such as the type of compliance department you are in (compliance advisory or compliance operations), local or int bank etc., 8-10k seems about right. Bonus should be 20-25% on avg.
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06-06-2023, 10:33 AM
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hello folks. hope to seek some advice on how to kickstart my compliance journey, current doing audit and graduated from a local university 1 year back — with pretty not so fantastic grades :/.
salary is one of my priority but I’ve heard it’s difficult to get into foreign banks.
I aim to leave by EOY and would be drawing abt 4k/mnth.
Also, is compliance a fulfilling career to pursue? What sort of roles should I go for (KYC/AML.. etc)
thanks a lot! ☺️
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06-06-2023, 01:01 PM
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Quote:
Originally Posted by Unregistered
Although there are many variables such as the type of compliance department you are in (compliance advisory or compliance operations), local or int bank etc., 8-10k seems about right. Bonus should be 20-25% on avg.
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Thanks for the insight! Do you think there is a distinct difference in pay for different teams / LoD, for e.g. a KYC/onboarding/1.5 role vs a FCC/Reg Com/2.0 role?
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07-06-2023, 08:45 AM
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Hi guys, I would like to move to an AML position, unfortunately my current work experience (public sector) is not relevant. Would like to ask if no experience + ICA Cert in AML + CAMS is good enough to get associate level. Thanks!
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07-06-2023, 12:30 PM
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Quote:
Originally Posted by Unregistered
Frankly speaking, certificates may help in showing your interest in the field. However, it largely depends on the role you’re applying for, how the managers/interviewers feel about you, your transferrable skillset and attitude etc. Unless you have technical AML knowledge and actual working contributions in that field, do be prepared to settle for even a junior role.
Why have you decided to move to AML? Why specifically AML?
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Felt that the public sector just wasnt a right fit. Would like to try the finance industry and thought that other roles such as banking ops would be difficult to get a foot in as there are not really much certs that can help jump start, unlike AML.
Would eventually want to get into FCC though.
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