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AML/Compliance/KYC professionals come in!

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  #11 (permalink)  
Old 25-10-2013, 09:23 AM
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If you have 3 or more keywords in cv, you r in high demand - AML, anti-tying, sanctions, anti-terrorist financing, dodd frank, fatca, volcker, ISDA, resolution&recovery, cftc, emir, basel, cad2.

Starting pay for
Analyst 50
Associate 80
AVP 120
VP 200
ED 300
MD 500

To progress each stage, just dont screw up and clock in the hours. Be diplomatic to front office but firm in dealings. I reach ED 300k base last year at age 34 after 10years , good luck

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  #12 (permalink)  
Old 25-10-2013, 09:53 AM
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Quote:
Originally Posted by Unregistered View Post
If you have 3 or more keywords in cv, you r in high demand - AML, anti-tying, sanctions, anti-terrorist financing, dodd frank, fatca, volcker, ISDA, resolution&recovery, cftc, emir, basel, cad2.

Starting pay for
Analyst 50
Associate 80
AVP 120
VP 200
ED 300
MD 500

To progress each stage, just dont screw up and clock in the hours. Be diplomatic to front office but firm in dealings. I reach ED 300k base last year at age 34 after 10years , good luck
The numbers from AVP onwards are too low.

Analyst 60
Associate 120
AVP 200
VP 300
ED 500
MD >600

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  #13 (permalink)  
Old 25-10-2013, 03:00 PM
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100+ seats in JPM Changi are set aside for both contractors and employees. The long and short of it is that they need folks and have been interviewing candidates. PM me if you want the phone number of the hiring manager.
you posted this anonymously without logging in. how do i pm you?

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  #14 (permalink)  
Old 26-10-2013, 08:30 AM
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you posted this anonymously without logging in. how do i pm you?
Everyone wants to be anonymous and yet everyone wants to send PM. Cool. At least you guys can use some disposable mail ids. good luck.
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  #15 (permalink)  
Old 26-10-2013, 09:30 AM
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Red face

i graduated with sim uol degree in 2003 during sars, started a 30k contractor reviewing deals in control room as part of chinese wall, move to perm AML role, then jump to private bank 100k for KYC and data privacy compliance, followed with internal mobility to join commodities trade finance compliance, then front office compliance for commod desk, last year move to tier 1 bank as SVP to run a team on compliance assessment with base 350k + 100k bonus.
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  #16 (permalink)  
Old 26-10-2013, 11:15 AM
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Quote:
Originally Posted by Unregistered View Post
i graduated with sim uol degree in 2003 during sars, started a 30k contractor reviewing deals in control room as part of chinese wall, move to perm AML role, then jump to private bank 100k for KYC and data privacy compliance, followed with internal mobility to join commodities trade finance compliance, then front office compliance for commod desk, last year move to tier 1 bank as SVP to run a team on compliance assessment with base 350k + 100k bonus.
Very nice ! Mind if i ask , how often do you hop around?
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  #17 (permalink)  
Old 29-10-2013, 09:55 PM
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Can I ask with all the job listings around looking for at least 5 years experience in AML position, how does switch to a career in AML. I have an engg degree but I'm currently doing a diploma in AML, but I'm not sure what are the better options for me to venture into AML.

Any advice are appreciated.
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  #18 (permalink)  
Old 29-10-2013, 10:03 PM
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Default need advice

I also want to find our more about aml and compliane jobs. I have accepted a compliance executive job in a local insurance company, but just got an offer of a AML role in a big foreign bank. Both offer the same basic salary, I dun know which one to choose.

My end goal is to do compliance in a bank. is it easy for me to change from insurance company to banks after a couple of years? or should i take this AML job, but would it be too specialized alr?

pls advice, many thanks!
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  #19 (permalink)  
Old 24-12-2013, 11:36 PM
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I see some big numbers here, not sure how accurate it is though.

Anyways ! reviving this dead thread -

Some bckground introduction: I am currently in my mid 20s, holding on to a AML job under my bank's grp compliance doing trade finance (sanctioned elements related,pre-approval of cross border transaction,etc) , transaction monitoring assessment for corporate client's acc and AML controls of payments pertaining to markets products(FXMM etc) and corporate client's management screening plus probably will pick up some "KYC-onboarding skills" and data mining via SQL along the way. Basically, "bao sua bao hai" doing everything.

This is my first job but I am severely underpaid. Was looking around and asking some recruiters and senior colleagues, I should be getting somewhere near mid low to mid 3s as a freshie. Unfortunately, I am being paid only in the high 2s. My first month into the job, i kept getting calls from various recruiters / other banks which i've applied long before, saying that they could pay better 15~20% more of what im drawing currently provided I am accepted. I didn't bulge becoz i see extra value in the things im doing/learning now compared to the stuffs I will be doing had i been accepted into those jobs.

Fortunately (or unfortunately?), my manager and other indirect line managers are aware of this issue, and my direct mgr said he would push for a review of my package subjected to HOD and HR approval as it is too much of a disparity compared to other staff in our team.
Other manager advise me to start jumping after gaining a full year of experience if the review fails i would probably get a measly 3~5% base increment. (if the review passes, my pay should be adjusted upwards by 20% which is the norm bracket).

I don't know if i'm stupid or what. If I were to jump, which would be in early 2015 i guess? almost 1-1.5yrs of exp, can i be looking somewhere around high 3s or low 4s with all these things that I'm doing now?
Sorry for the lengthy writeup
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  #20 (permalink)  
Old 25-12-2013, 07:28 AM
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Quote:
Originally Posted by Unregistered View Post
If you have 3 or more keywords in cv, you r in high demand - AML, anti-tying, sanctions, anti-terrorist financing, dodd frank, fatca, volcker, ISDA, resolution&recovery, cftc, emir, basel, cad2.

Starting pay for
Analyst 50
Associate 80
AVP 120
VP 200
ED 300
MD 500

To progress each stage, just dont screw up and clock in the hours. Be diplomatic to front office but firm in dealings. I reach ED 300k base last year at age 34 after 10years , good luck
The starting pay figure is rather accurate as with relevant to the job posting below:

VP Compliance Officer ? Investment Bank ? SINGAPORE | Recruit.net

Thanks for the info.

I would like to check is the experience gained in CPIB valuable for career in AML compliance?
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