AML/Compliance/KYC professionals come in!

Originally Posted by Unregistered

Haha why so? Will you do it if it were you?

Go for it! Digital assets is the future! If they offer you higher pay for a similar TM role, why not? Take the chance to expose yourself with new challenges in this emerging field!

Originally Posted by Unregistered

Anybody can give me some advice?
Currently working in bank as TM, Binance SG offered me a role doing similar stuff and higher pay.
Is it worth the jump? Will it be hard if I would like to go back to bank say in a couple of years?

- Crypto is pretty specialized, it'll be quite hard imo to jump back to banks next time unless you have personal connections with the hiring manager. That being said, the growth potential is much bigger than banks. Banks are always finding ways to cut cost nowadays but Fintech is hiring. Some people might worry about jumping out of the big banking industry but there's actually tons of other opportunities in non-banking finance.

If you are interested in this industry definitely consider. Try negotiating for a significant bump if possible.

Originally Posted by Unregistered

- Crypto is pretty specialized, it'll be quite hard imo to jump back to banks next time unless you have personal connections with the hiring manager. That being said, the growth potential is much bigger than banks. Banks are always finding ways to cut cost nowadays but Fintech is hiring. Some people might worry about jumping out of the big banking industry but there's actually tons of other opportunities in non-banking finance.

If you are interested in this industry definitely consider. Try negotiating for a significant bump if possible.

Yup that's my concern too as right now I'm in a private bank, don't mind exploring this new sector however, just thinking if I would like to go back to the big banking industry will it be harder. Also what's a significant bump? 20%? 50%?

Originally Posted by Unregistered

Yup that's my concern too as right now I'm in a private bank, don't mind exploring this new sector however, just thinking if I would like to go back to the big banking industry will it be harder. Also what's a significant bump? 20%? 50%?

Yeah I see where you are coming from, the private banking sector is quite good. Another factor to keep in mind is whether you want to be a specialist in a private bank compared to taking on more responsibility at a smaller setup.

If you have interest in the industry definitely consider the role. A significant bump would be more than 30% imo.

Trust your gut and good luck!

Originally Posted by Unregistered

Yeah I see where you are coming from, the private banking sector is quite good. Another factor to keep in mind is whether you want to be a specialist in a private bank compared to taking on more responsibility at a smaller setup.

If you have interest in the industry definitely consider the role. A significant bump would be more than 30% imo.

Trust your gut and good luck!

In a best case scenario that I would love to have will be taking on more responsibility at a smaller setup and then returning to the bank to be a specialist haha.

Hello, when you all change job, does the hiring company ask for the payslip of the previous company? Asking as it’s my first job hop after graduating two years ago

Originally Posted by Unregistered

In a best case scenario that I would love to have will be taking on more responsibility at a smaller setup and then returning to the bank to be a specialist haha.

Go for it then! But make sure the increment is worth it

Originally Posted by Unregistered

Anybody can give me some advice?
Currently working in bank as TM, Binance SG offered me a role doing similar stuff and higher pay.
Is it worth the jump? Will it be hard if I would like to go back to bank say in a couple of years?

please read the news and do your due diligence, thats the basis of compliance work
binance sg is not where u wanna be at this stage

Originally Posted by Unregistered

please read the news and do your due diligence, thats the basis of compliance work
binance sg is not where u wanna be at this stage

Lol why not? from my understanding they are a separate legal entity from binance.com and do not provide any services/ products from binance.com
Maybe you might want to share more?

Originally Posted by Unregistered

Yeah I see where you are coming from, the private banking sector is quite good. Another factor to keep in mind is whether you want to be a specialist in a private bank compared to taking on more responsibility at a smaller setup.

If you have interest in the industry definitely consider the role. A significant bump would be more than 30% imo.

Trust your gut and good luck!

Hi may I seek your advice - do you have a view between being a specialist in private bank vs a generalist in smaller setup? Many smaller PBs or boutiques have a really lean compliance team of maybe just 5-10 and they do everything from account opening, periodic review, transaction monitoring, policy & governance, monitoring and testing, regulatory compliance, etc. Good opp to gain exposure I guess?