Salary.sg Forums - AML/Compliance/KYC professionals come in!

Recently landed an offer of 7.5k for a non-aml compliance role at a bb (8.5k w/ estimated bonus). 6 years of experience. I’m moving from a short stint so initially they only wanted to match my current pay, but I managed to negotiate a slight increment.

I see people here already earning 8-9k+ base with similar or less exp and wondering whether I’m indeed lagging behind for now? Salary guides online don’t really state avg compensation vis-à-vis yrs of exp so I’m having trouble getting a sense of the real market rate.

Frankly 7-8k base sounds pretty desirable for 6 years of experience so congrats on that! How many companies were you at prior to this new role?

Unregistered

04-12-2021 04:34 PM

Quote:

Originally Posted by Unregistered (Post 192497)

Frankly 7-8k base sounds pretty desirable for 6 years of experience so congrats on that! How many companies were you at prior to this new role?

I do hope that I'm not too off the right pay scale!

It will be my 3rd place. I stayed in my first for the bulk of my career. Moved to my 2nd earlier this year but am jumping ship cos of various reasons.

Unregistered

08-12-2021 03:03 PM

Would industry veterans be aware of the accuracy of the following salary benchmark? Since ranks across banks differ widely, I'm not too sure which column to refer to if I have 3 years of experience in AML.

s://.efinancialcareers.sg/news/finance/compliance-salary-and-bonus-singapore

Unregistered

08-12-2021 03:49 PM

Quote:

Originally Posted by Unregistered (Post 192892)

Quite accurate for AVP level which is at least 6 years and above. You should still be at analyst level.

Unregistered

08-12-2021 04:25 PM

Quote:

Originally Posted by Unregistered (Post 192896)

Quite accurate for AVP level which is at least 6 years and above. You should still be at analyst level.

I see, thanks. I'm an Associate at my current place but nowhere near 90k as mentioned in the website. Would it be right to say

Analyst 1-3yeara
Associate 4-5 years
AVP 6/7+ years

In order for the salary table to make sense?

.efinancialcareers.sg/news/finance/compliance-salary-and-bonus-singapore

Unregistered

08-12-2021 06:29 PM

Quote:

Originally Posted by Unregistered (Post 192906)

Yes around that range but it is not a fixed rule. Associate could just be your job title but actual rank is analyst.

Unregistered

18-12-2021 10:41 AM

Anyone aware of avg performer bonus for compliance in UBS/CS? Got at least 1 month?

Unregistered

18-12-2021 07:51 PM

Is an offer for $10,500pm for 10yrs experience in advisory within market rate? Total package is variable, could be anywhere from 140-160k.

If not, what would be a base that I should be expecting? Many of the JDs I've seen seem to hover around the 12.5k range, but not sure if it's realistic as I don't really share or discuss salary with my network.

Unregistered

18-12-2021 08:21 PM

Quote:

Originally Posted by Unregistered (Post 194166)

Anyone aware of avg performer bonus for compliance in UBS/CS? Got at least 1 month?

Average is around 1 month. Can range anywhere from 0.5 - 2 months.

Unregistered

18-12-2021 08:31 PM

Quote:

Originally Posted by Unregistered (Post 194212)

Average is around 1 month. Can range anywhere from 0.5 - 2 months.

thanks! would you know about average increment as well?