AML/Compliance/KYC professionals come in! - Page 101 - 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




AML/Compliance/KYC professionals come in!

Reply
 
Thread Tools
  #1001 (permalink)  
Old 02-11-2017, 02:24 PM
Unregistered
Guest
 
Posts: n/a
Default Park livery

Quote:
Originally Posted by ocp View Post
Hi!

I have 3 years experience in aml and have completed the Adv Cert in GRC from ICA. I have a masters degree but not related to finance (did msc in a science subject). Am looking for a job in aml. How much can I expect for base pay?

Thanks in advance.
If you already have 3 years experience in AML, it will just depend on your last drawn pay. How much increment you will get depends on how well you do during the interview and how far you are from market pay.

Why dont you share how much are you getting now.

Reply With Quote
  #1002 (permalink)  
Old 02-11-2017, 02:42 PM
ocp ocp is offline
Junior Member
 
Join Date: Nov 2017
Posts: 3
ocp is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
If you already have 3 years experience in AML, it will just depend on your last drawn pay. How much increment you will get depends on how well you do during the interview and how far you are from market pay.

Why dont you share how much are you getting now.
Have not been working since 2009. Back in 2009 my last drawn pay was around 4500.

I understand from a headhunter that organizations have a fixed budget to pay for a position. So, no matter how well one did in an interview they are not going to pay more.

I would like to know what is the current pay scale (approximately) in foreign banks, local banks and other FIs for candidates with 3 years experience and an advanced cert in grc.

Reply With Quote
  #1003 (permalink)  
Old 02-11-2017, 06:45 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by ocp View Post
Have not been working since 2009. Back in 2009 my last drawn pay was around 4500.

I understand from a headhunter that organizations have a fixed budget to pay for a position. So, no matter how well one did in an interview they are not going to pay more.

I would like to know what is the current pay scale (approximately) in foreign banks, local banks and other FIs for candidates with 3 years experience and an advanced cert in grc.
I am another poster. It depends on the seniority of the role you apply. As you have not been working in this field, I am not too sure if you can ask for a higher increment.

I am in kyc for around 3.5 years. Has acams n post graduate cert. Drawing close to 6k.

Reply With Quote
  #1004 (permalink)  
Old 03-11-2017, 09:11 AM
Unregistered
Guest
 
Posts: n/a
Default Beach Rd4500

Quote:
Originally Posted by ocp View Post
Have not been working since 2009. Back in 2009 my last drawn pay was around 4500.

I understand from a headhunter that organizations have a fixed budget to pay for a position. So, no matter how well one did in an interview they are not going to pay more.

I would like to know what is the current pay scale (approximately) in foreign banks, local banks and other FIs for candidates with 3 years experience and an advanced cert in grc.
i think 4500 is well within the budget for roles that require 3 years AML experience. Your harder task to to convince your interviewer that your experience from 2009 is still relevant now, especially there are so many changes in AML regulations.

If successful, you can possibly ask for around 20% increment realistically?
Reply With Quote
  #1005 (permalink)  
Old 03-11-2017, 11:50 AM
ocp ocp is offline
Junior Member
 
Join Date: Nov 2017
Posts: 3
ocp is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
I am another poster. It depends on the seniority of the role you apply. As you have not been working in this field, I am not too sure if you can ask for a higher increment.

I am in kyc for around 3.5 years. Has acams n post graduate cert. Drawing close to 6k.
Thank you for the feedback. I guess 6k is an ideal figure after 3 years work experience. It would be the equivalent value of 4500 about 8 years back.

Would you mind sharing the requirements / functions which you fulfill in your work?

Thank you.

Quote:
Originally Posted by Unregistered View Post
i think 4500 is well within the budget for roles that require 3 years AML experience. Your harder task to to convince your interviewer that your experience from 2009 is still relevant now, especially there are so many changes in AML regulations.

If successful, you can possibly ask for around 20% increment realistically?
Thank you for the response. The experience is no doubt relevant. More so since laws, regulations and requirements are continuously upgraded. They haven't really changed, they have just upgraded to cover more ground and involve more functions. Yet, 10 years later fewer compliance officers will be required as many scopes of his work will get redundant because of better technology. Therefore, it is all about upgrading one's skills constantly with newer certifications and having the initiative to learn what else can be done out there with fintech, which have been doing. Anyways, I was told by a headhunter that the pay scale depends on market conditions. Currently the economy is not doing too well. But it really depends on the organization, in what they want to invest. I was also told that the salaries vary a lot, from as low as 2500 a month to 9000 a month from within the range of 1 to 5 years experience. Hence, wanted to know what is the average pay employees in foreign and local banks and other FIs are getting considering the work requirements they fulfill. Thank you.
Reply With Quote
  #1006 (permalink)  
Old 03-11-2017, 12:04 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by ocp View Post
Thank you for the feedback. I guess 6k is an ideal figure after 3 years work experience. It would be the equivalent value of 4500 about 8 years back.

Would you mind sharing the requirements / functions which you fulfill in your work?

Thank you.


Thank you for the response. The experience is no doubt relevant. More so since laws, regulations and requirements are continuously upgraded. They haven't really changed, they have just upgraded to cover more ground and involve more functions. Yet, 10 years later fewer compliance officers will be required as many scopes of his work will get redundant because of better technology. Therefore, it is all about upgrading one's skills constantly with newer certifications and having the initiative to learn what else can be done out there with fintech, which have been doing. Anyways, I was told by a headhunter that the pay scale depends on market conditions. Currently the economy is not doing too well. But it really depends on the organization, in what they want to invest. I was also told that the salaries vary a lot, from as low as 2500 a month to 9000 a month from within the range of 1 to 5 years experience. Hence, wanted to know what is the average pay employees in foreign and local banks and other FIs are getting considering the work requirements they fulfill. Thank you.
I am the kyc poster. Basically I do kyc for new customers. Hard to explain here. I think its not too difficult to do kyc but many people classify this as ops.
Reply With Quote

  #1007 (permalink)  
Old 03-11-2017, 02:59 PM
Unregistered
Guest
 
Posts: n/a
Default Mz33laho

Quote:
Originally Posted by Unregistered View Post
I am the kyc poster. Basically I do kyc for new customers. Hard to explain here. I think its not too difficult to do kyc but many people classify this as ops.
If you are purely just doing the KYC, then maybe people will classify this as ops. But if you are the one writing the AML Policy and where complex / higher risk cases are escalated to, then you definitely wont be classified as ops. Its the direction that you should be aiming for too
Reply With Quote
  #1008 (permalink)  
Old 03-11-2017, 03:01 PM
Unregistered
Guest
 
Posts: n/a
Default Reunion5150

Quote:
Originally Posted by ocp View Post
Thank you for the feedback. I guess 6k is an ideal figure after 3 years work experience. It would be the equivalent value of 4500 about 8 years back.

Would you mind sharing the requirements / functions which you fulfill in your work?

Thank you.


Thank you for the response. The experience is no doubt relevant. More so since laws, regulations and requirements are continuously upgraded. They haven't really changed, they have just upgraded to cover more ground and involve more functions. Yet, 10 years later fewer compliance officers will be required as many scopes of his work will get redundant because of better technology. Therefore, it is all about upgrading one's skills constantly with newer certifications and having the initiative to learn what else can be done out there with fintech, which have been doing. Anyways, I was told by a headhunter that the pay scale depends on market conditions. Currently the economy is not doing too well. But it really depends on the organization, in what they want to invest. I was also told that the salaries vary a lot, from as low as 2500 a month to 9000 a month from within the range of 1 to 5 years experience. Hence, wanted to know what is the average pay employees in foreign and local banks and other FIs are getting considering the work requirements they fulfill. Thank you.
I think you have already answered your own question already. Since the headhunter already told you that there is such a huge range, knowing the average doesnt really help you also. It really depends on the company that is hiring and what is the volume and complexity of the clients that are onboarded.
Reply With Quote
  #1009 (permalink)  
Old 11-11-2017, 11:44 AM
Unregistered
Guest
 
Posts: n/a
Default

Hi all, I am a fresh graduate and recently I got an offer (3 months contract) from a bank doing FATCA/CRS. May I know if fatca/crs is considered compliance? What do you guys think of the career prospect for FATCA/CRS? Is it as good as aml/kyc?
They offered me $2.5k and said to be highly non renewable. Should I accept this contract? Thank you
Reply With Quote
  #1010 (permalink)  
Old 11-11-2017, 11:46 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hi all, I am a fresh graduate and recently I got an offer (3 months contract) from a bank doing FATCA/CRS. May I know if fatca/crs is considered compliance? What do you guys think of the career prospect for FATCA/CRS? Is it as good as aml/kyc?
They offered me $2.5k and said to be highly non renewable. Should I accept this contract? Thank you
And there are not a lot informations about FATCA/CRA online as it is relatively new.
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
MAS for Mid Career Professionals Soul Companies 446 01-08-2021 11:57 PM
How to enter middle office (KYC, Compliance, Risk Management) in bank ? ZoOq Income and Jobs 17 04-10-2017 09:56 AM
Income for IT Professionals sudoku Income and Jobs 10 24-10-2014 07:20 PM
what does corporate hr executives/professionals do? lmaohaha Income and Jobs 2 12-05-2012 06:03 PM
Professionals and Managers - Is Your Pay above the Median? Salary.sg Income and Jobs 174 04-10-2009 07:42 PM

» 30 Recent Threads
Starter job for HR
3 Replies, 185 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,472 Replies, 698,911 Views
Really that bad for engineers? ( 1 2 3... Last Page)
1,241 Replies, 916,641 Views
Can I start new employment while... ( 1 2)
11 Replies, 2,830 Views
MOM(ACE) offers good career... ( 1 2 3... Last Page)
32 Replies, 3,252 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,483 Replies, 4,252,061 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
551 Replies, 419,814 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,864 Replies, 1,641,685 Views
UBS Financial Services Industry... ( 1 2 3... Last Page)
499 Replies, 104,499 Views
Anyone heard of being a ship... ( 1 2 3... Last Page)
77 Replies, 192,203 Views
Compare civil service salary ( 1 2 3... Last Page)
12,264 Replies, 7,121,337 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,916 Replies, 2,419,308 Views
Starting business as civil service ( 1 2)
11 Replies, 6,020 Views
Lawyer Salary ( 1 2 3... Last Page)
12,934 Replies, 4,305,115 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
990 Replies, 709,984 Views
How is life as a doctor in... ( 1 2 3... Last Page)
2,516 Replies, 1,330,277 Views
ITE (lecturer) ( 1 2 3... Last Page)
246 Replies, 202,757 Views
Roles in accenture singapore ( 1 2 3... Last Page)
1,932 Replies, 469,235 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,051 Replies, 1,633,348 Views
GovTech Tech Associate Program... ( 1 2 3... Last Page)
47 Replies, 24,766 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,249 Replies, 619,494 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
2,055 Replies, 1,133,474 Views
Looking for working partners for...
4 Replies, 2,114 Views
Citibank Singapore ( 1 2 3... Last Page)
131 Replies, 91,961 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
2,682 Replies, 1,984,870 Views
Unilever UFLP 2018 ( 1 2 3... Last Page)
41 Replies, 13,896 Views
GovTech ( 1 2 3... Last Page)
417 Replies, 294,541 Views
For those with 2-5 YOE, what is... ( 1 2 3... Last Page)
329 Replies, 35,420 Views
Finance Student Career Advice ( 1 2)
17 Replies, 1,814 Views
Band 4 and Band 5 in Standard... ( 1 2 3... Last Page)
30 Replies, 26,005 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:11 PM.


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