AML/Compliance/KYC professionals come in! - Page 180 - 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
  #1791 (permalink)  
Old 02-06-2023, 08:09 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
How is IT audit like nowadays? Heard it's not a very popular role despite the decent pay as it's deadend and boring.
Can’t expect much from an audit role, naturally they’d be boring. But should pay pretty well especially when it concerns IT.

Reply With Quote
  #1792 (permalink)  
Old 04-06-2023, 10:17 AM
Unregistered
Guest
 
Posts: n/a
Default

Hello dear compliance folks and peers, I graduated in 2017 and have close to 6 years of working experience in the compliance space till date in 2 large banks.

Currently drawing ~ $7.5k p.m. Is this reasonable for my years of experience? If not, what is a good ballpark figure that I should be expecting?

Thank you

Reply With Quote
  #1793 (permalink)  
Old 06-06-2023, 08:19 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hello dear compliance folks and peers, I graduated in 2017 and have close to 6 years of working experience in the compliance space till date in 2 large banks.

Currently drawing ~ $7.5k p.m. Is this reasonable for my years of experience? If not, what is a good ballpark figure that I should be expecting?

Thank you
Came here for a similar query. I graduated in 2017 too and currently drawing 7.8k. Been looking around these few months and was recently offered a role at 9.3k. Was wondering if this offer was in line with current compliance market averages.



Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #1794 (permalink)  
Old 06-06-2023, 10:31 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Came here for a similar query. I graduated in 2017 too and currently drawing 7.8k. Been looking around these few months and was recently offered a role at 9.3k. Was wondering if this offer was in line with current compliance market averages.
Although there are many variables such as the type of compliance department you are in (compliance advisory or compliance operations), local or int bank etc., 8-10k seems about right. Bonus should be 20-25% on avg.
Reply With Quote
  #1795 (permalink)  
Old 06-06-2023, 10:33 AM
Unregistered
Guest
 
Posts: n/a
Default

hello folks. hope to seek some advice on how to kickstart my compliance journey, current doing audit and graduated from a local university 1 year back — with pretty not so fantastic grades :/.

salary is one of my priority but I’ve heard it’s difficult to get into foreign banks.

I aim to leave by EOY and would be drawing abt 4k/mnth.

Also, is compliance a fulfilling career to pursue? What sort of roles should I go for (KYC/AML.. etc)

thanks a lot! ☺️
Reply With Quote
  #1796 (permalink)  
Old 06-06-2023, 01:01 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Although there are many variables such as the type of compliance department you are in (compliance advisory or compliance operations), local or int bank etc., 8-10k seems about right. Bonus should be 20-25% on avg.
Thanks for the insight! Do you think there is a distinct difference in pay for different teams / LoD, for e.g. a KYC/onboarding/1.5 role vs a FCC/Reg Com/2.0 role?
Reply With Quote

  #1797 (permalink)  
Old 06-06-2023, 01:07 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
hello folks. hope to seek some advice on how to kickstart my compliance journey, current doing audit and graduated from a local university 1 year back — with pretty not so fantastic grades :/.

salary is one of my priority but I’ve heard it’s difficult to get into foreign banks.

I aim to leave by EOY and would be drawing abt 4k/mnth.

Also, is compliance a fulfilling career to pursue? What sort of roles should I go for (KYC/AML.. etc)

thanks a lot! ☺️
By compliance, presuming you mean 2nd LoD roles such as compliance testing / assurance; reg compliance; aml reviews of high risk clients, etc? Such roles are very competitve and hard to come by. You could increase your chances by exploring relevant 1.5 roles such as KYC ops and hopefully do well enough to find a compliance placement internally. Audit background is highly sought after for testing / assurance roles though, you may consider!
Reply With Quote
  #1798 (permalink)  
Old 07-06-2023, 08:45 AM
Unregistered
Guest
 
Posts: n/a
Default

Hi guys, I would like to move to an AML position, unfortunately my current work experience (public sector) is not relevant. Would like to ask if no experience + ICA Cert in AML + CAMS is good enough to get associate level. Thanks!
Reply With Quote
  #1799 (permalink)  
Old 07-06-2023, 10:54 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hi guys, I would like to move to an AML position, unfortunately my current work experience (public sector) is not relevant. Would like to ask if no experience + ICA Cert in AML + CAMS is good enough to get associate level. Thanks!
Frankly speaking, certificates may help in showing your interest in the field. However, it largely depends on the role you’re applying for, how the managers/interviewers feel about you, your transferrable skillset and attitude etc. Unless you have technical AML knowledge and actual working contributions in that field, do be prepared to settle for even a junior role.

Why have you decided to move to AML? Why specifically AML?


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #1800 (permalink)  
Old 07-06-2023, 12:30 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Frankly speaking, certificates may help in showing your interest in the field. However, it largely depends on the role you’re applying for, how the managers/interviewers feel about you, your transferrable skillset and attitude etc. Unless you have technical AML knowledge and actual working contributions in that field, do be prepared to settle for even a junior role.

Why have you decided to move to AML? Why specifically AML?
Felt that the public sector just wasnt a right fit. Would like to try the finance industry and thought that other roles such as banking ops would be difficult to get a foot in as there are not really much certs that can help jump start, unlike AML.

Would eventually want to get into FCC though.
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 1801 Today 12:51 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
Career as Teacher ( 1 2 3... Last Page)
10,834 Replies, 6,666,550 Views
Is getting a PMP worth it ?
4 Replies, 7,102 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,309 Replies, 4,983,547 Views
Lawyer Salary ( 1 2 3... Last Page)
21,014 Replies, 10,329,569 Views
GovTech ( 1 2 3... Last Page)
5,161 Replies, 2,163,644 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,801 Replies, 1,044,309 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
679 Replies, 388,386 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,619 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,902,691 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,455 Replies, 784,444 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,379 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,656,914 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
309 Replies, 369,043 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,338 Replies, 4,770,571 Views
Compare civil service salary ( 1 2 3... Last Page)
16,342 Replies, 12,455,752 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
169 Replies, 309,151 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 813,952 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,807 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,324,231 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,452 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,049 Replies, 440,583 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,375,238 Views
ST Electronics ( 1 2 3... Last Page)
3,767 Replies, 1,544,924 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,617 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,587 Views
MX12 reappointed at MX11
8 Replies, 818 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,562 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,142,185 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
54 Replies, 84,981 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
511 Replies, 268,608 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 06:43 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2