AML/Compliance/KYC professionals come in! - Page 123 - 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
  #1221 (permalink)  
Old 17-07-2018, 06:33 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by seojuns0310 View Post
Hi everyone, I need to gather some opinions here with you experienced professionals. I am a fresh grad and have been looking to land a role in compliance, preferably in banks as i feel there will be more exposure. Recently, i received this offer to work in the compliance team of an insurance company. I was hesitant to take up this offer, my first thoughts are to take up this job and gain some experiences but i am not sure if there is any transferrable skills when i want to move to the banking side in future. Can anyone share some insight on this? Thanks in advance
You can still explore your options. But as a fresh grad, you must bear in mind that no one job is perfect.

If you give up this offer, how long will it take to get another?

For transferrable skills, some areas of compliance are niche and it is very hard to enter without specific experience for banking.

I started in banking and switched to payments industry.

Banking is a good training ground but in terms of salary and work balance, some industries are better.

As I look back after 6 years of working experience, I will not want to return to banking.

Reply With Quote
  #1222 (permalink)  
Old 20-07-2018, 11:44 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hi

Can I check if the CAMS6-SG (IBF Level 2) Program is suitable to be taken up, for someone who is a new to Compliance?

I am wondering if this program would help me kickstart a career in AML/Transaction Monitoring. Currently, I am 6 months into my role as a Transaction Filtering Operator, dealing with Sanctions.
What exactly is sanctions screening? Is it a good area to work in? Got prospect?

Reply With Quote
  #1223 (permalink)  
Old 24-07-2018, 12:04 AM
Unregistered
Guest
 
Posts: n/a
Default

Hello i would like to check which banks’ aml function are at changi biz park and which ones are at cbd?

1.credit suisse
2. Jp morgan
3. Deutsche
4. Ubs
5. Citi
6. Scb
7. Dbs

For transaction monitoring, how is the workload and OT situation for these banks?

Thanks in advance!

Reply With Quote
  #1224 (permalink)  
Old 17-08-2018, 03:10 PM
Bbk
Guest
 
Posts: n/a
Default Aml analyst

Hi I currently got a job at a 3rd party vendor for banks. The job description for my role stated performing transaction analysis and the position is stated as aml analyst. When I went for orientation this week, they gave the run down of the position and essentially it is a name screening position which can easily be outsourced to India which is what other banks have done. This company overpromised the role. Should I be looking elsewhere for another compliance or aml role or stick with it for a while? I am also looking into getting into regulatory advisory, what is the career path and education or certs needed for this move. I am currently 24 degree holder. Would a diploma in accounting or scams help? Do you think the aml industry is being outsourced or should I move into other pockets of compliance or take on a more permanent kyc or Cdd role at a bank? Thanks!
Reply With Quote
  #1225 (permalink)  
Old 18-08-2018, 12:33 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Bbk View Post
Hi I currently got a job at a 3rd party vendor for banks. The job description for my role stated performing transaction analysis and the position is stated as aml analyst. When I went for orientation this week, they gave the run down of the position and essentially it is a name screening position which can easily be outsourced to India which is what other banks have done. This company overpromised the role. Should I be looking elsewhere for another compliance or aml role or stick with it for a while? I am also looking into getting into regulatory advisory, what is the career path and education or certs needed for this move. I am currently 24 degree holder. Would a diploma in accounting or scams help? Do you think the aml industry is being outsourced or should I move into other pockets of compliance or take on a more permanent kyc or Cdd role at a bank? Thanks!
FCC investigator here. A diploma in accounting will not help in any direct way. Acams might but there have been people who got into AML without any AML certs. Both tm & kyc operations are increasingly being located offshore but usually their last level stays in Singapore. If you want regulatory advisory and not aml advisory, you should just try to start from regulatory asap. About your current predicament, you just got to weigh the factors but overall if you can help it, get a tm role instead of a name screening one for a good beginning.
Reply With Quote
  #1226 (permalink)  
Old 20-08-2018, 07:24 PM
Junior Member
 
Join Date: Jul 2018
Posts: 3
seojuns0310 is on a distinguished road
Default

Hi there, how should a fresh grad looking to go into AML/KYC roles go about looking for a position? I tried applying to such roles through job finding portals, mainly went for the interview and they hired experienced people instead(experienced this quite a number of times over past few months). Kinda disheartening. I have heard from recruiters that it is easier to enter this line through doing maybe a ops role and get some experiences before jumping into this line. Not sure if this is true. Anybody who can shed some insight regarding these issues? Or perhaps you know of any openings at your workplace that you can recommend to me? Thanks in advance!
Reply With Quote

  #1227 (permalink)  
Old 04-09-2018, 03:07 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hello i would like to check which banks’ aml function are at changi biz park and which ones are at cbd?

1.credit suisse
2. Jp morgan (cbp)
3. Deutsche
4. Ubs
5. Citi (cbp)
6. Scb
7. Dbs (mbfc)

For transaction monitoring, how is the workload and OT situation for these banks?

Thanks in advance!

Here you go. Personal experience
Reply With Quote
  #1228 (permalink)  
Old 07-09-2018, 12:20 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by seojuns0310 View Post
Hi there, how should a fresh grad looking to go into AML/KYC roles go about looking for a position? I tried applying to such roles through job finding portals, mainly went for the interview and they hired experienced people instead(experienced this quite a number of times over past few months). Kinda disheartening. I have heard from recruiters that it is easier to enter this line through doing maybe a ops role and get some experiences before jumping into this line. Not sure if this is true. Anybody who can shed some insight regarding these issues? Or perhaps you know of any openings at your workplace that you can recommend to me? Thanks in advance!
you can get thru this either as a RM (handling CDD/KYC) or Project Management / Business Analyst role. The former gets much higher chance as AML team normally work closely with RMs for RFI, etc so you can slowly transition in. PM/BA path takes a bit more time but you will get into much senior role.

what i can see right now is that low level AML resources (e.g. clearing screening alerts, etc) are too abundant and hard to compete.
Reply With Quote
  #1229 (permalink)  
Old 07-09-2018, 12:24 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hi guys

Any advise?
I have around 2 years of Compliance experience in an international bank. I did the IBF level 1 Compliance cert already.

Now I have 2 offers
1 offer is from another international bank the role is a client regulatory advisory role.
1 offer is aml transanction screening/monitoring role in local bank.

If I take the first role, would it be considered a deviation from compliance? Would it be easy to go back to Compliance?

Might also be important to note that first offer got more than 20% increment. But second one only offering about 10% increment.

What is your advice?
I'll take the first role anytime. Having advisory experience will triumph over any other roles in compliance. Remember, the end goal of compliance is too help bankers do the right thing. All other controls (e.g. montiroing, screening, etc.) are just side work. At the end of the day, the result of all CDD/KYC, alerts, etc. will be tabled in front of the compliance advisor to make final decision.
Reply With Quote
  #1230 (permalink)  
Old 09-09-2018, 07:22 PM
Jasmine
Guest
 
Posts: n/a
Default kyc job in BNPP

Hi,
I saw several roles in BNP for kyc/on boarding officer. I have applied as well.
How long does the selection procedure take? French banks are slow to act but with the quarter end approaching, can I epxept speedy action? I want to join BNP soon.
Mercy boocoup
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 : Mid Career Professionals Soul Income and Jobs 70 01-12-2018 03:05 PM
How to enter middle office (KYC, Compliance, Risk Management) in bank ? ZoOq Income and Jobs 17 04-10-2017 10:56 AM
Income for IT Professionals sudoku Income and Jobs 10 24-10-2014 08:20 PM
what does corporate hr executives/professionals do? lmaohaha Income and Jobs 2 12-05-2012 07:03 PM
Professionals and Managers - Is Your Pay above the Median? Salary.sg Income and Jobs 174 04-10-2009 08:42 PM

» 30 Recent Threads
UOB Management Associate Program ( 1 2 3... Last Page)
144 Replies, 98,473 Views
Pass degree and what to expect?
1 Replies, 118 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,568 Replies, 3,217,632 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,040 Replies, 1,322,172 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,373 Replies, 339,785 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
480 Replies, 230,377 Views
Compare civil service salary ( 1 2 3... Last Page)
7,415 Replies, 4,235,415 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
769 Replies, 539,407 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
119 Replies, 53,024 Views
anyone working at NCS ? ( 1 2 3... Last Page)
267 Replies, 197,611 Views
Top paying companies in SG for... ( 1 2 3... Last Page)
64 Replies, 51,675 Views
GovTech career grade ( 1 2 3... Last Page)
47 Replies, 50,733 Views
Bacground screening in interviews
6 Replies, 361 Views
Dsta ( 1 2 3... Last Page)
712 Replies, 395,342 Views
Roles in accenture singapore ( 1 2 3... Last Page)
249 Replies, 151,470 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,163 Replies, 553,070 Views
How much savings do you have? ( 1 2 3... Last Page)
1,226 Replies, 446,850 Views
Career at Exxon Mobil Finance
7 Replies, 1,666 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
1,885 Replies, 703,383 Views
Law vs Accountancy
2 Replies, 260 Views
All about Management Executive... ( 1 2 3)
23 Replies, 10,141 Views
Queries about Cpib application ( 1 2 3... Last Page)
889 Replies, 348,767 Views
How is life as a doctor in... ( 1 2 3... Last Page)
403 Replies, 581,444 Views
Lawyer Salary ( 1 2 3... Last Page)
4,015 Replies, 1,341,081 Views
Anyone working/worked in National...
2 Replies, 2,478 Views
NUS working environment and pay... ( 1 2 3... Last Page)
56 Replies, 38,058 Views
Prospects for Investment Banking... ( 1 2)
11 Replies, 3,192 Views
Career as Teacher ( 1 2 3... Last Page)
1,307 Replies, 950,944 Views
Aircraft Maintenance License and... ( 1 2 3... Last Page)
567 Replies, 400,663 Views
AutoCAD 2D & 3D Essentials
0 Replies, 56 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:23 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2