AML/Compliance/KYC professionals come in!

Originally Posted by Unregistered

Hey guys, fresh grad here and im particularly interested in the field of AML/compliance & was offered this position.

May i know which is a better choice ?
salary is not my main focus but experience and skills is what im looking after.


Company A (insurance coy)
-do ppt for training, getting documents from other departments and reporting to regulators, doing research for regulatory updates and fieldwork


Company B (global bank)
-getting documents from clients, kyc and to pass on to cdd stage

To be honest, both roles are administrative in nature. Compliance is more towards advisory n policy.

Even for ur kyc role, it is the document collection work. The real kyc work comes at the cdd stage.

Originally Posted by Unregistered

To be honest, both roles are administrative in nature. Compliance is more towards advisory n policy.

Even for ur kyc role, it is the document collection work. The real kyc work comes at the cdd stage.

thanks, you're right. but i believe i do need to start somewhere as a fresh grad without any prior experience. so am i right to say company b will be a better place to start and progress to cdd stage in the future ?

Originally Posted by Unregistered

thanks, you're right. but i believe i do need to start somewhere as a fresh grad without any prior experience. so am i right to say company b will be a better place to start and progress to cdd stage in the future ?

From the description, yes B seems like a better choice. You wont learn much from doing ppt slides or research for regulatory updates etc.

You need to have a good mentor at work. For KYC, if you are lucky enough, you may deal with auditors and regulator. You may also assist in drafting policies and implementing it.

Hi everyone, keen to get a general consensus on perm vs contract job. Currently am in a back office role, which is a perm job. I have been offered a middle office role which is a 1 year contract. Not sure if I should take it up, as I may be out of a job in a year again. However I am keen to move out of the back office, but not sure if it's a worthwhile risk to take.

Also, how many % increment in my current salary can I ask for if I move from a perm to a contract role? Thanks.

Originally Posted by Unregistered

Hi everyone, keen to get a general consensus on perm vs contract job. Currently am in a back office role, which is a perm job. I have been offered a middle office role which is a 1 year contract. Not sure if I should take it up, as I may be out of a job in a year again. However I am keen to move out of the back office, but not sure if it's a worthwhile risk to take.

Also, how many % increment in my current salary can I ask for if I move from a perm to a contract role? Thanks.

Contractual roles mean the risks are on you. Typical budget of any company is to pay 20% more than the said perm role. So look at 15-20% on top of the expected pay of such a perm role rather than to benchmark against your current salary.

i'm currently working as CDDKYC analyst and accumulated 4.5 years experience, drawing $5k/mth currently.

should i be happy?

should i study for CAMS/ICA? will it help?

thank you for advice...

Originally Posted by Random Stranger

i'm currently working as CDDKYC analyst and accumulated 4.5 years experience, drawing $5k/mth currently.

should i be happy?

should i study for CAMS/ICA? will it help?

thank you for advice...

Are you from a bank? How many months of bonus are you getting?

ACAMS does help in your work. Pay wise may not.

Originally Posted by Unregistered

Are you from a bank? How many months of bonus are you getting?

ACAMS does help in your work. Pay wise may not.

thanks for answering. yes i’m in an international bank.

Originally Posted by Unregistered

thanks for answering. yes i’m in an international bank.

sorry post too fast. i’m in international bank, bonus about 1.5 to 2 months. my key aim is to find ways to earn higher salary

Originally Posted by Unregistered

sorry post too fast. i’m in international bank, bonus about 1.5 to 2 months. my key aim is to find ways to earn higher salary

Thanks for the reply. acams can help you to understand your work better. Perhaps you can apply for more senior roles or companies that can pay well.

I am in kyc for 4 years plus 1 year in operations. I am getting abt 6.2k/month with Aws. Bonus is average 2 months. I switched to a well known MNC in payments industry from banking.

I had acams as well but it does not equate to higher pay.