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AML/Compliance/KYC professionals come in!

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  #1501 (permalink)  
Old 08-09-2021, 01:21 PM
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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?

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  #1502 (permalink)  
Old 08-09-2021, 04:36 PM
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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?

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  #1503 (permalink)  
Old 08-09-2021, 04:39 PM
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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 for your view on being a specialist in a big private bank versus a generalist in a smaller setup? For example, a smaller bank or boutique firm may have a lean team of just 5 - 10 compliance folks doing everything from account opening, periodic review, sow, transaction monitoring, policy & governance, monitoring and testing, etc. Guess one can have exposure to all these areas. Compared to a large bank where each of the function mentioned earlier have their standalone team that specialises in it.

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  #1504 (permalink)  
Old 09-09-2021, 10:37 AM
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Yeah it's fine, binance.com is a separate entity from binance sg and I'm sure binance will sort it out with the regulators over time. It's still one of the biggest if not the biggest crypto exchange.
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  #1505 (permalink)  
Old 13-09-2021, 06:46 PM
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just got a job offer from another company so was wondering how do you all resign? Print out the letter and pass to your manager or just email manager and cc HR?


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  #1506 (permalink)  
Old 13-09-2021, 08:54 PM
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hello. can anyone advise on how to get into compliance?
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  #1507 (permalink)  
Old 13-09-2021, 10:38 PM
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hello. can anyone advise on how to get into compliance?
no. just no
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  #1508 (permalink)  
Old 14-09-2021, 09:33 AM
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just got a job offer from another company so was wondering how do you all resign? Print out the letter and pass to your manager or just email manager and cc HR?
Yeah just write a standard letter and pass it to your manager. They will start counting your notice from the day you submit your letter.
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  #1509 (permalink)  
Old 14-09-2021, 09:54 AM
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Hi, may I seek your advice for your view on being a specialist in a big private bank versus a generalist in a smaller setup? For example, a smaller bank or boutique firm may have a lean team of just 5 - 10 compliance folks doing everything from account opening, periodic review, sow, transaction monitoring, policy & governance, monitoring and testing, etc. Guess one can have exposure to all these areas. Compared to a large bank where each of the function mentioned earlier have their standalone team that specialises in it.
Oops missed this, I prefer a generalist role in a smaller setup and some recruiters might tell you the same thing as well.

- for big banks, the role alot of the time is very specialized (e.g. sanctions) which means it's harder to move to other FIs.
- compliance is a huge cost centre and roles can get offshored or cut.
- you can learn more in a smaller FI which translates to many different skillsets. Some might think specializing is good but I feel someone who has a wide spectrum of knowledge in compliance is more valuable than someone who just specializes in one area.

With the above being said some people do like working in big companies where you have more structure, maybe more prestige and benefits etc.
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  #1510 (permalink)  
Old 16-09-2021, 01:49 AM
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Hello, I just joined compliance role two months ago and Iím thinking of taking some courses, specifically ICA or ACAMS. Which is more recognised in SG? And I think I saw that ACAMS is IBF Level 2 so would I be able to take it with only 2 months of experience? To all those who took, how much did you all pay for it? Hope to get some help here, thanks!
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