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AML/Compliance/KYC professionals come in!

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  #1331 (permalink)  
Old 04-06-2019, 08:11 PM
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Anyone can advice?
I am diploma holder and have been doing credit admin for about a year now
Currently drawing $2250 and I want to do Compliance but most of these roles are for degree holders only.

I tried applying for KYC/CDD roles but most of these are just the outsourced name screening functions and only offer me 1.8k-2k citing that my experience is not relevant. Is it worth taking these roles if I want to go into compliance?
I am intending to quit my job too because I have to frequently OT and it's not suitable for me when I am studying part time.

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  #1332 (permalink)  
Old 08-06-2019, 03:03 PM
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Smile Career switch to compliance. Please advise?

Hi,
I need some advice in venturing into a compliance career.

A little background:
6-7 years of experience in fund operations and accounting in am, never work in a bank before
Pursuing ICA advanced cert now
Salary is about 4k

Fund ops has already no or little progression so I'm hoping to see if I could maybe do a switch into AML compliance. Any advice on:
What kind of roles should I focus on as a start (AML TM, KYC/CDD and etc)?
Based on my ops experience, what are my chances to get an AML compliance job in am/bank and the pay that I can expect?
Any particular difference in the compliance role in am and bank?

Many thanks in advance!

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  #1333 (permalink)  
Old 13-06-2019, 01:04 AM
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Fresh grad from a local uni looking for job here. If there are any recruiters with lobang out there, please take PM me! I've done 3 months of AML screening before.

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  #1334 (permalink)  
Old 25-06-2019, 07:05 PM
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I am planning to take Skillsfuture course to study Banking like AML/compliance. Some of the courses I pull out are taught in SIM. I have a private degree in biomedical science but interested in banking. Do you guys think it is worth it take up on this course? I have contacted the lecturer who is teaching the courses and they were very vague and I feel that it might not be useful. I just want to boost my resume.
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  #1335 (permalink)  
Old 26-06-2019, 11:05 AM
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just wondering for those switching to compliance without relevant exp, how much should I expect if I am taking a contract role? Will they take into account for my 2 years work exp or just treat me the same as a fresh grad?
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  #1336 (permalink)  
Old 29-06-2019, 01:25 AM
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Quote:
Originally Posted by Unregistered View Post
you sure don't sound like a 40 year old head/senior exec...
well, im well over 40 actually. but then again, some of those from my batch are still officers, while some others like myself, made it to regional heads.
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  #1337 (permalink)  
Old 29-06-2019, 01:26 AM
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Quote:
Originally Posted by Unregistered View Post
I am planning to take Skillsfuture course to study Banking like AML/compliance. Some of the courses I pull out are taught in SIM. I have a private degree in biomedical science but interested in banking. Do you guys think it is worth it take up on this course? I have contacted the lecturer who is teaching the courses and they were very vague and I feel that it might not be useful. I just want to boost my resume.
Take ACAMS or ICA courses, those teaching the courses in SIM might not even have any actual experience as Compliance officers themselves. Theory aint going to help when you go for interviews.
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  #1338 (permalink)  
Old 30-06-2019, 09:14 PM
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Quote:
Originally Posted by kenalowballed View Post
Anyone can advice?
I am diploma holder and have been doing credit admin for about a year now
Currently drawing $2250 and I want to do Compliance but most of these roles are for degree holders only.

I tried applying for KYC/CDD roles but most of these are just the outsourced name screening functions and only offer me 1.8k-2k citing that my experience is not relevant. Is it worth taking these roles if I want to go into compliance?
I am intending to quit my job too because I have to frequently OT and it's not suitable for me when I am studying part time.
I feel that name screening will soon be outsourced to countries such as India where the cost would be lower and not much learning potential I feel. But if you're determined to do KYC in the future, just keep applying and be open to contract jobs!
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  #1339 (permalink)  
Old 30-06-2019, 09:16 PM
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Quote:
Originally Posted by Unregistered View Post
just wondering for those switching to compliance without relevant exp, how much should I expect if I am taking a contract role? Will they take into account for my 2 years work exp or just treat me the same as a fresh grad?
If your 2 years work exp is relevant, I feel that it will make you an attractive candidate to hire. If it is not, the learning curve is gonna be steep and you might as well be a fresh grad
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  #1340 (permalink)  
Old 01-07-2019, 07:32 PM
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Quote:
Originally Posted by Unregistered View Post
I feel that name screening will soon be outsourced to countries such as India where the cost would be lower and not much learning potential I feel. But if you're determined to do KYC in the future, just keep applying and be open to contract jobs!
I would like to do compliance eventually but I am still a diploma holder and most positions I see that are not name screening or alerts disposition are only available to degree holders.
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