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-   -   AML/Compliance/KYC professionals come in! (https://forums.salary.sg/income-jobs/3243-aml-compliance-kyc-professionals-come.html)

Unregistered 06-06-2021 09:23 PM

What is an ideal salary package (excluding bonus) in this field for 2 years of experience?

Thanks.

Unregistered 12-06-2021 08:23 PM

anyone knows progression of KYC analyst in DBS?

Unregistered 21-06-2021 07:04 PM

Hi fellow compliance peers, can anyone explain what is the difference between aml and kyc?

For example, in some banks they have positions for both aml and kyc e.g. A) AML analyst and B) KYC analyst

I spent much of my time sending applications for AML compliance role but was offered a KYC role in a bank instead

Whats the diff between the them and is doing kyc useful for switching into aml compliance role in future?

Unregistered 22-06-2021 10:42 PM

Quote:

Originally Posted by Unregistered (Post 175031)
Hi fellow compliance peers, can anyone explain what is the difference between aml and kyc?

For example, in some banks they have positions for both aml and kyc e.g. A) AML analyst and B) KYC analyst

I spent much of my time sending applications for AML compliance role but was offered a KYC role in a bank instead

Whats the diff between the them and is doing kyc useful for switching into aml compliance role in future?


Which bank is it? And do you have prior AML experience?

Unregistered 25-06-2021 10:02 PM

Bump thread

Unregistered 26-06-2021 12:30 PM

Up-skills, upgrade your self from time to time with short courses and certification is key to compliance careers, law and regulations changes on a weekly, monthly and on annual basis.

It is the only way to move around and stay relevant in my opinion.

Unregistered 02-07-2021 11:00 PM

bumpinggg 10 char

Unregistered 04-07-2021 01:43 PM

Quote:

Originally Posted by Unregistered (Post 175620)
Up-skills, upgrade your self from time to time with short courses and certification is key to compliance careers, law and regulations changes on a weekly, monthly and on annual basis.

It is the only way to move around and stay relevant in my opinion.

any recommended courses?

Unregistered 04-07-2021 01:56 PM

Quote:

Originally Posted by Unregistered (Post 176674)
any recommended courses?

ICA and CAMS

NotaBot 05-07-2021 01:25 PM

Anyone able to share experience on the usefulness of ACAMS vs ICA?
I have been in operations and controls and have moved to advisory and policy making.

I have browsed Level 1 & 2 ACAMS and Level 1 ICA from my friends and do not find the ACAMS material particularly useful as it mentions and makes some questions around history, such as the setup of organisations or principles.
My previous workplaces encouraged ACAMS although they were admittedly openly biased towards it, knowing people on the board and claimed the material is alot fresher than ICA.
A friend who is a senior on an operations team, queried the usefulness of either and the hiring manager only cares about work experience and team fit.
ACAMS requires a ''refresher'' certification every 3 years and sounds like a money-grabbing tactic.
The subscription to AML/CTF news seems useful if extracting for training and being kept up to date.

On other hand ICA, some of my friends mentioned that the coursework/tests are more practical such as designing frameworks and policies. I have not seen the advanced course material and have seen fewer people with this certification.


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