AML/Compliance/KYC professionals come in!

Originally Posted by Unregistered

Hello I am interested in entering KYC role. Can anyone tell me about what a day in the life of an entry level KYC analyst is like in DBS/OCBC/UOB? Thank you. Also any tips on how to prepare for interview would be much appreciated

Don't think it's a good field now honestly, suggest to look to another function. Think even business compliance/HR is better.

Been in AML, TM first then KYC team lead across 12 years. Just got laid off. Story of the market is that compliance is easily outsourced (less skill involved and largely information processing). > half of my team's getting outsourced to low cost locations (in my intnl bank: to Philippines). Ex colleagues' banks outsourcing compliance function outsourcing to India.

Quite rattled however still getting interviews albeit in non compliance roles and slight haircut due to extensive IT exp and background handling dataset projs

Originally Posted by Unregistered

Don't think it's a good field now honestly, suggest to look to another function. Think even business compliance/HR is better.

Been in AML, TM first then KYC team lead across 12 years. Just got laid off. Story of the market is that compliance is easily outsourced (less skill involved and largely information processing). > half of my team's getting outsourced to low cost locations (in my intnl bank: to Philippines). Ex colleagues' banks outsourcing compliance function outsourcing to India.

Quite rattled however still getting interviews albeit in non compliance roles and slight haircut due to extensive IT exp and background handling dataset projs

Not true. KYC may be easily outsource-able, but getting into compliance /managerial-checker roles changes the ballgame... Also sanctions teams of most banks is a good niche to get into and pays well.