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AML/Compliance/KYC professionals come in!

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  #91 (permalink)  
Old 10-10-2014, 08:02 PM
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and prospects wise - is it good? sounds like a very dead-end job to me

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  #92 (permalink)  
Old 11-10-2014, 10:22 AM
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Day to day involves collecting names and screening names of clients.
This could be on an annual or bi annual basis
This job tasks are pretty straightforward.

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  #93 (permalink)  
Old 18-10-2014, 12:01 AM
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Hi all, I'm going to graduate soon and am quite interested in compliance. Can I ask if I need to have a strong background in maths to be able to excel in this field? And also, what other skills would be useful? Thanks for the help!

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  #94 (permalink)  
Old 19-10-2014, 12:17 AM
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No you cannot ask
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  #95 (permalink)  
Old 02-11-2014, 08:08 PM
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How different is the career prospects of compliance officers between banks/ oil&gas/ FMCG?
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  #96 (permalink)  
Old 03-12-2014, 11:21 PM
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Default Bank vs MAS

Currently i am working in a bank, dealing directly with MAS regulators.

Is it worth it to apply and attempt to jump into MAS, ie be a regulator.
OR to stay long term in banks?

Considerations mainly in term of working hours, stability, career progression and remuneration package.

Local uni business bachelors grad here.
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  #97 (permalink)  
Old 04-12-2014, 04:06 PM
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Default Contract roles

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Originally Posted by Unregistered View Post
There's a difference... but usually companies call onboarding roles as AML/KYC in general because it's part of the AML process when u onboard a new client.

AML analysts are usually your transaction monitoring/reviews guys, AML officers are usually those who provide advisory or file suspicious reports.

KYC remediation, as the name suggests, refers to redoing/refreshing KYCs... Usually there are contract roles and u will be kick out after the project ends.

KYC for corporate and private banking is very different. They types of documents required and the level of depth differs greatly. Corporates you need to identify the directors who are empowered to operate the accounts, while private banking u need to dig deeper (i.e. trust structures)... identify their source of wealth etc etc.
I'm currently trying to move out of operations and was offered a contract role in KYC remediation. As mentioned, it is a project and I will be kicked out after the project ends. I would like to ask is it possible to advance my career progression in compliance by just having this contract role as a relevant experience a few months down the road?
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  #98 (permalink)  
Old 05-12-2014, 01:03 PM
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Quote:
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I'm currently trying to move out of operations and was offered a contract role in KYC remediation. As mentioned, it is a project and I will be kicked out after the project ends. I would like to ask is it possible to advance my career progression in compliance by just having this contract role as a relevant experience a few months down the road?
i think it'll be useful but you should look for a role in a reputable bank.
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  #99 (permalink)  
Old 21-12-2014, 02:28 PM
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anyone move from front office (sales etc) to compliance before?
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  #100 (permalink)  
Old 21-12-2014, 02:41 PM
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Quote:
Originally Posted by Unregistered View Post
Day to day involves collecting names and screening names of clients.
This could be on an annual or bi annual basis
This job tasks are pretty straightforward.
For which role?
Where gt so easy?
I would say for compliance, most impt thing is analytical skills.
Must have brains.
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