AML/Compliance/KYC professionals come in!

Originally Posted by Unregistered

That's 100% accurate. I'm in a local bank with 3 years of compliance experience and drawing 120k annual base salary. My VP base for last year was more than 250k. Compliance is the best department, screw FO.

good troll lmao 3 years of relevant experience in local bank probably just command you 60-70k at best.

Originally Posted by Unregistered

good troll lmao 3 years of relevant experience in local bank probably just command you 60-70k at best.

Continue being salty that compliance roles pay much higher than FO.

Originally Posted by Unregistered

Continue being salty that compliance roles pay much higher than FO.

3 years local bank exp only where got 120k lmao who are you kidding bruh. 6 years in foreign banks also just narrowly reaching this anybody actually in compliance would know. Don’t be a salty ARM? Anyways, it’s true that not all FO are glamarous. E.g. PB space - only a fraction of headcount in FO are actually the RMs themselves. ARMs are mostly stuck drawing max 120-140k p.a at their peak (at least 10 years exp)

Compliance = Ops = HR = BO

Originally Posted by Unregistered

3 years local bank exp only where got 120k lmao who are you kidding bruh. 6 years in foreign banks also just narrowly reaching this anybody actually in compliance would know. Don’t be a salty ARM? Anyways, it’s true that not all FO are glamarous. E.g. PB space - only a fraction of headcount in FO are actually the RMs themselves. ARMs are mostly stuck drawing max 120-140k p.a at their peak (at least 10 years exp)

i can agree with the OP that compliance roles are well paid. i'm 4 years in american bank and got 150k last year. compliance is a very attractive place to be in.

so IB in local bank or Compliance in American Bank better?

Originally Posted by Unregistered

so IB in local bank or Compliance in American Bank better?

This is obvious.

Compliance in Malaysian bank >>> IB in American bank.

Originally Posted by Unregistered

i can agree with the OP that compliance roles are well paid. i'm 4 years in american bank and got 150k last year. compliance is a very attractive place to be in.

This guy got called out for his dumb FO takes and now he's desperately overcompensating.

So im a fresh grad with a degree in economics, coming from a different industry (diploma is Hospitality related) and i will like to do compliance in the banking sector. Which Cert is better? ICA Certificate in AML or ACAMS Certified in Transaction Monitoring.
In the future i will probably want to do something more towards investigation in nature.

Originally Posted by Unregistered

So im a fresh grad with a degree in economics, coming from a different industry (diploma is Hospitality related) and i will like to do compliance in the banking sector. Which Cert is better? ICA Certificate in AML or ACAMS Certified in Transaction Monitoring.
In the future i will probably want to do something more towards investigation in nature.

Without any compliance experience, ICA Cert in AML will definitely be a better choice as it open you up to a variety of compliance roles. Transaction monitoring is too niche for a fresh grad.