AML/Compliance/KYC professionals come in!

Originally Posted by Unregistered

Just wondering if drawing 5.8k per month is considered average for someone with 4.5 yrs of exp? What about in non-compliance related back/middle office functions?

Depends on the company. I see it as decent for me.

Originally Posted by Unregistered

Just wondering if drawing 5.8k per month is considered average for someone with 4.5 yrs of exp? What about in non-compliance related back/middle office functions?

AVP position?

Originally Posted by Unregistered

AVP position?

Nope. An analyst position.

Originally Posted by Unregistered

Nope. An analyst position.

A foreign bank? Thats very good!

Originally Posted by Unregistered

A foreign bank? Thats very good!

Nope I am in a non FI.

Originally Posted by Unregistered

Nope I am in a non FI.

Im in a FI now but i dont think ill be close to 5.8k with 4 yrs of exp. Not sure whether thats the norm. 5.8 sounds like what a fresh avp will draw. Seems like you are doing well for yourself.

Originally Posted by Unregistered

Im in a FI now but i dont think ill be close to 5.8k with 4 yrs of exp. Not sure whether thats the norm. 5.8 sounds like what a fresh avp will draw. Seems like you are doing well for yourself.

Also in FI. Started at 4k since grad. Bonus 1+ mth. Euro bank (small branch here).
Been 3+ years with 1 promo and I just hit 4.9+k as average performer.
Better performing peers are getting 5++k.

Originally Posted by Unregistered

Also in FI. Started at 4k since grad. Bonus 1+ mth. Euro bank (small branch here).
Been 3+ years with 1 promo and I just hit 4.9+k as average performer.
Better performing peers are getting 5++k.

Dont worry too much about the actual figure now. I was drawing about 3.6k only when I had 5 years experience. After grabbing some good opportunities that allowed me to jump 3 times in the last 5 years, i have reached 13k now.

For career switch people, it is actually very possible to land a decent compliance role. I was a sole proprietor (no relevance to compliance) for 4 years before deciding to do a law degree. I graduated in june this year and landed a 3 month contract role. Was initially very hesitant about the 3 month contract as it was for a maternity cover and it was told to me from the beginning that the chances of being converted was low. Nevertheless, I wanted to get my foot into the door so I accepted the role, it was the best decision I have ever made.

After 1 month, they converted me to perm and told me that there was actually a headcount that was unfilled and even though they were actively looking for someone to fill the headcount, I did well enough for them to consider me and eventually offered me the job. After long drawn negotiations about salary, i'm currently drawing close to 80k pa all in.

Originally Posted by Unregistered

For career switch people, it is actually very possible to land a decent compliance role. I was a sole proprietor (no relevance to compliance) for 4 years before deciding to do a law degree. I graduated in june this year and landed a 3 month contract role. Was initially very hesitant about the 3 month contract as it was for a maternity cover and it was told to me from the beginning that the chances of being converted was low. Nevertheless, I wanted to get my foot into the door so I accepted the role, it was the best decision I have ever made.

After 1 month, they converted me to perm and told me that there was actually a headcount that was unfilled and even though they were actively looking for someone to fill the headcount, I did well enough for them to consider me and eventually offered me the job. After long drawn negotiations about salary, i'm currently drawing close to 80k pa all in.

Sorry which area of compliance are you talking about? Regulatory, sanctions? And did you do your law degree overseas?