AML/Compliance/KYC professionals come in! - Page 152 - 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
  #1511 (permalink)  
Old 16-09-2021, 12:16 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Thanks for sharing - this is very insightful. Are you yourself in a generalist role in a smaller setup or a specialist in a larger setup now?
What factors would make it or break it for you - in terms of swaying your decision to move from a generalist to a specialist (as you mentioned you prefer the former)?

Reply With Quote
  #1512 (permalink)  
Old 16-09-2021, 12:57 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Agree with what you said. I am looking to go into generalist role but not willing to forgo working in a big company.

Reply With Quote
  #1513 (permalink)  
Old 16-09-2021, 05:05 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Thanks for sharing - this is very insightful. Are you yourself in a generalist role in a smaller setup or a specialist in a larger setup now?
What factors would make it or break it for you - in terms of swaying your decision to move from a generalist to a specialist (as you mentioned you prefer the former)?
If you ask me there's almost no reason to stay in specialist roles for a long period (2-3 years), the only progression is a Team Lead or Head role, but such roles are very limited. Try to move to a broader role or advisory role as soon as you gain sufficient experience.

Was from a big setup, currently at a smaller setup doing a generalist role. If an opportunity presents itself in a good company and growing industry, e.g. Fintech, asset management, electronic trading etc definitely go for it. Pay is good, more breadth of experience, way lesser chance of getting retrenched/offshored. Downside is less "prestige" but that's about it.

Reply With Quote
  #1514 (permalink)  
Old 17-09-2021, 12:09 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hello, I just joined compliance role two months ago and I’m 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!

Wanna know the same thing too!
Reply With Quote
  #1515 (permalink)  
Old 17-09-2021, 05:16 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Wanna know the same thing too!
i just paid 3999.51 sgd for ACAMS
Reply With Quote
  #1516 (permalink)  
Old 19-09-2021, 01:01 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
i just paid 3999.51 sgd for ACAMS

Are you new to the industry or have been working for a few years already? I saw on the website that it’s $1990 but not sure what it covers. Emailed them to ask but no reply yet.
Reply With Quote

  #1517 (permalink)  
Old 19-09-2021, 09:46 PM
Unregistered
Guest
 
Posts: n/a
Default

If you already have ACAMS + pass the sg aml regime exam, will you still take the ICA diploma in aml? Like same thing.
Reply With Quote
  #1518 (permalink)  
Old 21-09-2021, 10:30 PM
Unregistered
Guest
 
Posts: n/a
Default

Anyone has taken ICA Level 1(advanced certificate)? How much did you all pay for it?
Reply With Quote
  #1519 (permalink)  
Old 29-09-2021, 05:56 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hello, I just joined compliance role two months ago and I’m 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!
I did ICA advanced cert (level 1), ICA diploma (level 2) and ACAMS (level 2). Both ICA and ACAMS are equally recognised in SG.

Yes can pass ACAMS with 2 months experience.

If office can sponsor you, grab it. For ACAMS, self-sponsored candidates can get IBF subsidy. I don't know if got same subsidy for ICA Dip. Rates are fixed in ICA and ACAMS. Won't change person to person. Must email and ask. Both ICA and ACAMS reply fast, within 3 working days.

Quote:
Originally Posted by Unregistered View Post
If you already have ACAMS + pass the sg aml regime exam, will you still take the ICA diploma in aml? Like same thing.
Yes, I still suggest taking ICA Diploma. Both ACAMS and ICA Diploma have own advantages. For example, in ICA Diploma you learn how to do risk scoring, gap analysis and manage (banking) product risk from design stage onward. CAMS will test on US Patriot Act, BSA, EU directives, Egmont, Wolfsberg, Basel, etc. CAMS SG regime exam will test on TBML ABS guidelines, CDSA, TSOFA, MAS, etc. Both ICA and ACAMS test for knowledge (fines, laws and fact-based questions) as well as logic (scenario-based questions). Its good to have all 3, ICA Diploma in AML, CAMS, and CAMS SG regime certifications.

Good Luck!
Reply With Quote
  #1520 (permalink)  
Old 01-10-2021, 09:02 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I did ICA advanced cert (level 1), ICA diploma (level 2) and ACAMS (level 2). Both ICA and ACAMS are equally recognised in SG.

Yes can pass ACAMS with 2 months experience.

If office can sponsor you, grab it. For ACAMS, self-sponsored candidates can get IBF subsidy. I don't know if got same subsidy for ICA Dip. Rates are fixed in ICA and ACAMS. Won't change person to person. Must email and ask. Both ICA and ACAMS reply fast, within 3 working days.



Yes, I still suggest taking ICA Diploma. Both ACAMS and ICA Diploma have own advantages. For example, in ICA Diploma you learn how to do risk scoring, gap analysis and manage (banking) product risk from design stage onward. CAMS will test on US Patriot Act, BSA, EU directives, Egmont, Wolfsberg, Basel, etc. CAMS SG regime exam will test on TBML ABS guidelines, CDSA, TSOFA, MAS, etc. Both ICA and ACAMS test for knowledge (fines, laws and fact-based questions) as well as logic (scenario-based questions). Its good to have all 3, ICA Diploma in AML, CAMS, and CAMS SG regime certifications.

Good Luck!
How much did you pay for each of the three?
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 for Mid Career Professionals Soul Companies 518 19-10-2021 02:20 AM
How to enter middle office (KYC, Compliance, Risk Management) in bank ? ZoOq Income and Jobs 17 04-10-2017 09:56 AM
Income for IT Professionals sudoku Income and Jobs 10 24-10-2014 07:20 PM
what does corporate hr executives/professionals do? lmaohaha Income and Jobs 2 12-05-2012 06:03 PM
Professionals and Managers - Is Your Pay above the Median? Salary.sg Income and Jobs 174 04-10-2009 07:42 PM

» 30 Recent Threads
Lawyer Salary ( 1 2 3... Last Page)
14,318 Replies, 4,813,010 Views
Mnc jobs - a must in life ?? ( 1 2 3... Last Page)
137 Replies, 67,030 Views
DBS tech seed programme ( 1 2 3... Last Page)
1,054 Replies, 266,240 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,033 Replies, 754,500 Views
How is life as a doctor in... ( 1 2 3... Last Page)
2,903 Replies, 1,456,499 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
3,287 Replies, 1,381,812 Views
architecture graduate - go hdb or...
5 Replies, 1,479 Views
Whats your net worth ( 1 2 3... Last Page)
2,846 Replies, 967,564 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
49 Replies, 18,527 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
811 Replies, 219,668 Views
Roles in accenture singapore ( 1 2 3... Last Page)
2,104 Replies, 549,225 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,876 Replies, 627,331 Views
Relocation to the US or stay in SG? ( 1 2)
11 Replies, 469 Views
Compare civil service salary ( 1 2 3... Last Page)
12,720 Replies, 7,475,821 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,200 Replies, 2,589,644 Views
IMDA (under MCI) ( 1 2 3... Last Page)
164 Replies, 67,700 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,148 Replies, 1,717,256 Views
Getting MBA worth? ( 1 2 3... Last Page)
112 Replies, 100,445 Views
High Finance Thread ( 1 2 3... Last Page)
311 Replies, 109,493 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,945 Replies, 1,805,181 Views
FDM - Technical Graduate Program
2 Replies, 1,024 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
573 Replies, 457,062 Views
infosys, cognizant
5 Replies, 1,762 Views
Need advice - local bank or bulge... ( 1 2)
19 Replies, 1,273 Views
Officer Role in Bank of Tokyo -... ( 1 2 3... Last Page)
202 Replies, 171,655 Views
ST Electronics ( 1 2 3... Last Page)
2,388 Replies, 605,131 Views
Top paying companies in SG for... ( 1 2 3... Last Page)
87 Replies, 137,434 Views
Certis Cisco ( 1 2 3... Last Page)
71 Replies, 83,718 Views
Changi Airport Group ( 1 2 3... Last Page)
412 Replies, 395,983 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
518 Replies, 295,038 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:21 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2