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Unregistered 18-12-2015 12:47 AM

Quote:

Originally Posted by Unregistered (Post 76951)
SVP by age of late 20s to early 30s? in the field of compliance? try harder brah. everyone knows u're full of sh!t.

not just any early 30s SVP hor, its an unknown poly grad who seldom socialize professionally somemore...

Unregistered 18-12-2015 01:03 AM

is regulatory compliance a good specialisation?
Easy to get in?
Pay can match or slighlty lower than AML?

Unregistered 18-12-2015 10:07 AM

i recently started work as a compliance exe in an insurance company. and i am kinda regretting the new job. alot of reading of rules and regulations, checking of documents/contracts etc. feels like high level admin work. do you think it is worth staying for the long run? came from big 4 audit, so i feel i am not learning as much now. not looking at the accounts aspect but rather backend operations etc. miss doing finance.

Unregistered 18-12-2015 10:29 AM

Quote:

Originally Posted by Unregistered (Post 76974)
i recently started work as a compliance exe in an insurance company. and i am kinda regretting the new job. alot of reading of rules and regulations, checking of documents/contracts etc. feels like high level admin work. do you think it is worth staying for the long run? came from big 4 audit, so i feel i am not learning as much now. not looking at the accounts aspect but rather backend operations etc. miss doing finance.

Compliance is like that lor, what u expect? BO jobs are just average paid admin type most of the time.

Unregistered 21-12-2015 11:50 PM

Technology to AML
 
I don't think I saw a response to one of my posts in the past and so re-posting. Can somebody please help me with it?

I seek some help from the experts over here.

My background:
I'm a Technology Project Manager for the whole suit of AML applications of a US bank and I have the exposure to AML business for the past 3 years. I have a total 9 years experience as a developer, support analyst, project lead and project manager but all these years I'm in the compliance world only.

Now I'm exploring my options to switch to AML business and would like to know what my entry level would be, considering the 3 years of AML exposure and 9 years of Compliance exposure.

Any response to my post would be greatly appreciated!

Unregistered 22-12-2015 05:08 PM

I have to say I am unconvinced that a 35yrs old poly grad with 15 years of working experience who doesnít socialize is able to become SVP earning 200-250k a year. I assume thereís a 6 ranks difference from the rank (clerical) she start working to SVP, this means she is promoting bi-annually. What is her achievement that make her deserve her ever promotion?

I donít think local banks can pay that amount for compliance SVP, so she should be in a foreign bank?

How significant was it to have a diploma 15 years ago? What can be the starting pay be like?

A lot of sums doesnít add up, unless she has a godfather looking after her as mentioned by another dude.

Does she hold specialist cert? (ICA/ACAMS etc) if yes, is she still considered a poly grad?

Unregistered 25-12-2015 06:10 PM

What does having only a poly degree got to do with how far you can go in your career? In foreign banks especially, how far you go depends on your performance, and ultimately the value you add to the organization. If a poly grad can outperform a uni grad, why not?

A degree is not an entitlement. Yes it helps to open doors and gets you interviews, but whether or not you become SVP etc has nothing to do with your degree. I'm qualifying myself to say that this is true in foreign banks. Can't speak for local banks or the government sector.

Unregistered 27-12-2015 01:24 AM

Quote:

Originally Posted by Unregistered (Post 77170)
What does having only a poly degree got to do with how far you can go in your career? In foreign banks especially, how far you go depends on your performance, and ultimately the value you add to the organization. If a poly grad can outperform a uni grad, why not?

A degree is not an entitlement. Yes it helps to open doors and gets you interviews, but whether or not you become SVP etc has nothing to do with your degree. I'm qualifying myself to say that this is true in foreign banks. Can't speak for local banks or the government sector.

Not really. It depends when u join the sector. If u r armed with just a diploma with more than 20yrs of experience to date, it might be possible.

But if u have less than 10years of exp with a diploma you wont make it to svp or director level in compliance.. becos of the soft ceiling capped on qualification even in foreign banks..

Please dont bring in examples of sales or other FO roles. We r talking about regulatory/compliance roles here. Feel free to prove me wrong and bring out examples. Pls dont be afraid to name them or the banks. If they are already svp, high chance many of us would already heard of them from conferences, chapter/networking gatherings...

Unregistered 28-12-2015 02:41 AM

Quote:

Originally Posted by Unregistered (Post 77092)
I have to say I am unconvinced that a 35yrs old poly grad with 15 years of working experience who doesnít socialize is able to become SVP earning 200-250k a year. I assume thereís a 6 ranks difference from the rank (clerical) she start working to SVP, this means she is promoting bi-annually. What is her achievement that make her deserve her ever promotion?

I donít think local banks can pay that amount for compliance SVP, so she should be in a foreign bank?

How significant was it to have a diploma 15 years ago? What can be the starting pay be like?

A lot of sums doesnít add up, unless she has a godfather looking after her as mentioned by another dude.

Does she hold specialist cert? (ICA/ACAMS etc) if yes, is she still considered a poly grad?

Never say never. Everyday go in and suck cock. Possible

Unregistered 28-12-2015 02:47 AM

Quote:

Originally Posted by Unregistered (Post 76782)
Nope, you assume wrongly. I work in a household global bank, not sure where you are getting the idea that I work in a small bank. I am not trying to know everyone in the industry, it's just part and parcel of networking and attending related forums and courses that one will get to know your peers. Compliance is not so big after all.

I notice after this long wall of text you still haven't told me which bank this friend of yours is from. All I read are a bunch of excuses of how supposedly low profile this friend is and she does not socialize in any events so nobody knows her etc.

If you will forgive me, there's just way too many of these fantastic make it big banking stories in this forum. Similar claims were also made in the SIM-UOL and banking BO thread and despite numerous challenges, nobody has been able to provide even one simple linkedin profile of all these poly/pte uni make it big superstars.

I am not even asking you to tell me who this "friend" is, just the bank she is working so that I can tap my connections to find out and approach her directly. All I hear are numerous implausible excuses of some hermit life mysterious compliance super high flying poly SVP.


I agree. Compliance is not so big after all.


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