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19-04-2023, 06:50 PM
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Anyone knows how much can 6 yr of exp in regulatory compliance be worth in local banks? conscious that it'll be lower than bulge brackets but curious abt an approximate range.
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19-04-2023, 08:00 PM
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Quote:
Originally Posted by Unregistered
Anyone knows how much can 6 yr of exp in regulatory compliance be worth in local banks? conscious that it'll be lower than bulge brackets but curious abt an approximate range.
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According to RobertHalf salary benchmark
s://.roberthalf.com.sg/salary-guide/details/regulatory-compliance-financial-crime-compliance-manager-avp/singapore
6 yrs of experience should put you in the Manager / AVP level.
25th percentile: 87k
50th percentile: 105k
75th percentile: 132k
I would say it depends whether you have hopped around to maximise your pay during your 6 years, what your starting salary are, etc. As you mentioned, local banks are not known to be good paymasters too so maybe give another 10-15% haircut?
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29-04-2023, 08:28 AM
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Quote:
Originally Posted by Unregistered
According to RobertHalf salary benchmark
s://.roberthalf.com.sg/salary-guide/details/regulatory-compliance-financial-crime-compliance-manager-avp/singapore
6 yrs of experience should put you in the Manager / AVP level.
25th percentile: 87k
50th percentile: 105k
75th percentile: 132k
I would say it depends whether you have hopped around to maximise your pay during your 6 years, what your starting salary are, etc. As you mentioned, local banks are not known to be good paymasters too so maybe give another 10-15% haircut?
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Thanks for this. Managed to get in between the 50 and 75th percentile. Quite contented with the offer.
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06-05-2023, 11:31 AM
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Quote:
Originally Posted by Unregistered
Thanks for this. Managed to get in between the 50 and 75th percentile. Quite contented with the offer.
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well done, that is very impressive !
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20-05-2023, 09:27 PM
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4 years experience, drawing $8.5k p.m. gross. How is this relative to the market? Am I over or underpaid?
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20-05-2023, 10:32 PM
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Quote:
Originally Posted by Unregistered
4 years experience, drawing $8.5k p.m. gross. How is this relative to the market? Am I over or underpaid?
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overpaid.. 4yoe is normally around 5-6k max
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21-05-2023, 06:30 AM
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Quote:
Originally Posted by Unregistered
overpaid.. 4yoe is normally around 5-6k max
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If OP is from an american bank or top tier bank, would it be reasonable? Maybe they are better paymasters and able to pay 8.5 for their 4-year associate/avp?
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21-05-2023, 09:25 PM
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Quote:
Originally Posted by Unregistered
If OP is from an american bank or top tier bank, would it be reasonable? Maybe they are better paymasters and able to pay 8.5 for their 4-year associate/avp?
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4 years in aml/kyc at a US bank would be an associate position. that experience can't land you a VP/managerial role. associate position you can expect around 6k.
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22-05-2023, 01:06 PM
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Quote:
Originally Posted by Unregistered
4 years in aml/kyc at a US bank would be an associate position. that experience can't land you a VP/managerial role. associate position you can expect around 6k.
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associate position should be more than just 6k esp in better banks which are fairly good paymasters, somewhere between 6k - 10k could even be plausible?
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22-05-2023, 09:47 PM
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Quote:
Originally Posted by Unregistered
associate position should be more than just 6k esp in better banks which are fairly good paymasters, somewhere between 6k - 10k could even be plausible?
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for 1lod aml/kyc, 6k sounds fair given that such roles do not require much skills and are currently heavily outsourced to low cost providers
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