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I wont want to have poor work balance with high pay. |
Anyone knows or work in Sanctions Screening in Bank of Tokyo MUFG? May I know how is the work, culture and prospect in this role in MUFG?
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Mid career switch
Hi everyone,
it has been enlightening reading up on how the fresh grads can get into compliance/AML functions. However, I would like to go further and ask for some advice for myself. I am going to be 40 come 2019 and I have spent the last 10 years (since 2008) in trading and other functions with brokerages. A couple of years ago, I started my own firm and was licensed with MAS as a broker(SFA). During that time, I focused on the compliance aspect of the company (regulators/licencing/KYC/AML) while the other partners did the front office work. However, it didn't work out and I am now looking to join the corporate world. What I would like to know is if I could join a FI in compliance at a middle level rather than a fresh hire. Hope to hear your inputs. Thank you. |
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The questions that you'd ask yourself is - for a mid level position, why would they choose you over somebody who spent the same amount of years across several big FIs with 100% focus in the regulatory / compliance space. That person would very likely have hands-on experience with numerous trading platforms - the same as you, and with one or more dedicated surveillance platforms. Nonetheless, these are just my views - it's best you get an professional advice instead. |
Currently in a Big4 within the AML service line doing stuff such CDD,TM,SOW,Regulatory GAP Analysis etc. Drawing 4.8k.
Got offered a job at a Swiss Private Bank with a 100% increment for a TM specific role. Would you recommend the jump? |
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Means 9.6k? Of course go. |
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Salary Expectation : AML KYC Director
Hi All
Quick Question: What is considered a good salary for an Expat in Singapore to work in a British Bank as an AML KYC Director (Senior Manager) My Background: 36 yrs old Male , Muslim, US Citizen, 4 Kids and currently living in NY. 10+ years of banking experience within AML KYC space, CAMS certified with Masters degree. Thanks |
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Or a new job? In the first case, perhaps you may find out more information from the HR and/or colleagues who are already working in Singapore... For the latter, and with 4 kids + your wife (assuming she will be homemaker), safe bet would be at least SGD$250,000 to not "struggle", but that also depends on your lifestyle. Groceries and daily necessities are cheap in common supermarkets in Singapore as compared to NYC. Large chunk of your disposable income will be for your kids (schools, etc.) and accommodation (rental, furnishing, monthly upkeep,etc.). Maybe you could get a second-hand used car... but i would advise against doing that unless you have work out the math. |
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Hi
Can I check if the CAMS6-SG (IBF Level 2) Program is suitable to be taken up, for someone who is a new to Compliance? I am wondering if this program would help me kickstart a career in AML/Transaction Monitoring. Currently, I am 6 months into my role as a Transaction Filtering Operator, dealing with Sanctions. |
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Mid-Career switch
Hi guys,
I’ve been hoping to do a mid career switch into compliance and was wondering if you guys have any tips or advice in the steps I can take to go about this. I’ve done some job search and there hardly seem to be any entry level jobs. I did apply to the credit suisse compliance academy but there’s been no news so far. Currently I’m in the F&B sector for about 3 years. Prior to that I did 2 years of insurance sales and am holding a degree in IT. Do you guys think that I’ll have a chance at this? |
Certification suggestions
Hello All,
I'm currently working for an e commerce site as a operations manager for the enterprise Risk team who deals with compliance / sanctions. i m currently looking to xplore more opportunities around this field. I have a total experience of 8 and 4 years of manager experience. Does doing certification in any of the compliance field fetch me a good pay and role in future? Also please advise the course name and institution where it will help me. I work and live in India. |
any news from the credit suisse compliance program?
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Hi thanks for the reply. Actually my intention is to find out whether the CAMS6-SG or intl CAMS is better. |
exit opportunities at mas
hi all,
just wondering what kind of exit opportunities are available for a graduate officer at mas in one of the supervisory departments (banking, aml, capital markets and so on). is it possible for them to transit to a bank easily after 2~3 years? or would it be extremely difficult due to the specific skills gained at mas? |
Job advice
Hi guys
Any advise? I have around 2 years of Compliance experience in an international bank. I did the IBF level 1 Compliance cert already. Now I have 2 offers 1 offer is from another international bank the role is a client regulatory advisory role. 1 offer is aml transanction screening/monitoring role in local bank. If I take the first role, would it be considered a deviation from compliance? Would it be easy to go back to Compliance? Might also be important to note that first offer got more than 20% increment. But second one only offering about 10% increment. What is your advice? |
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What are u exactly doing now (?compliance) aml? If u want to focus on aml then obviously switching to another speciality I.e regulatory compliance won’t let u gain the kind of exposure and experience which looks good on your cv For the tm / screening role this isn’t fantastic either - most will likely plateau in learning by the 2nd year and it is very routine. Unless u like this kind of a role and want to Specialize For 10% I would think Too Low to jump as u will likely Want to jump within next 1 -2 years. Think about whether this is what u want or should u hold for another opportunity |
Hi everyone, I need to gather some opinions here with you experienced professionals. I am a fresh grad and have been looking to land a role in compliance, preferably in banks as i feel there will be more exposure. Recently, i received this offer to work in the compliance team of an insurance company. I was hesitant to take up this offer, my first thoughts are to take up this job and gain some experiences but i am not sure if there is any transferrable skills when i want to move to the banking side in future. Can anyone share some insight on this? Thanks in advance :)
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If you give up this offer, how long will it take to get another? For transferrable skills, some areas of compliance are niche and it is very hard to enter without specific experience for banking. I started in banking and switched to payments industry. Banking is a good training ground but in terms of salary and work balance, some industries are better. As I look back after 6 years of working experience, I will not want to return to banking. |
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Hello i would like to check which banks’ aml function are at changi biz park and which ones are at cbd?
1.credit suisse 2. Jp morgan 3. Deutsche 4. Ubs 5. Citi 6. Scb 7. Dbs For transaction monitoring, how is the workload and OT situation for these banks? Thanks in advance! |
Aml analyst
Hi I currently got a job at a 3rd party vendor for banks. The job description for my role stated performing transaction analysis and the position is stated as aml analyst. When I went for orientation this week, they gave the run down of the position and essentially it is a name screening position which can easily be outsourced to India which is what other banks have done. This company overpromised the role. Should I be looking elsewhere for another compliance or aml role or stick with it for a while? I am also looking into getting into regulatory advisory, what is the career path and education or certs needed for this move. I am currently 24 degree holder. Would a diploma in accounting or scams help? Do you think the aml industry is being outsourced or should I move into other pockets of compliance or take on a more permanent kyc or Cdd role at a bank? Thanks!
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Hi there, how should a fresh grad looking to go into AML/KYC roles go about looking for a position? I tried applying to such roles through job finding portals, mainly went for the interview and they hired experienced people instead(experienced this quite a number of times over past few months). Kinda disheartening. I have heard from recruiters that it is easier to enter this line through doing maybe a ops role and get some experiences before jumping into this line. Not sure if this is true. Anybody who can shed some insight regarding these issues? Or perhaps you know of any openings at your workplace that you can recommend to me? Thanks in advance!
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Here you go. Personal experience |
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what i can see right now is that low level AML resources (e.g. clearing screening alerts, etc) are too abundant and hard to compete. |
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kyc job in BNPP
Hi,
I saw several roles in BNP for kyc/on boarding officer. I have applied as well. How long does the selection procedure take? French banks are slow to act but with the quarter end approaching, can I epxept speedy action? I want to join BNP soon. Mercy boocoup |
Hi all,
I'm currently doing kyc with nearly one year experience, would like to know is it hard to get a kyc role or aml in Singapore? Because seems like most bank outsource their kyc department to low cost country. |
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Career Options
Hi folks, need your advice. Currently an internal auditor at a buy-side firm (cmsl holder) with abt 1y experience. Getting bored with work. What are the exit opportunities out there?
This might be a wayyy long shot, is it possible to get into Corporate Banking/Structured Finance? |
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Hi! Would like some advice. I have slightly over 2 years external audit experience with a Big4 and am thinking of applying for a compliance role in UBS. The job description mentioned that it is mostly KYC, cross-border activities and conflict of interests etc.
Can anyone shed some light on what the job of KYC really entails? I only have audit experience so I’m not sure on this. Also, what kind of salary and progression could I expect? Currently drawing approx 4.2 per month. Thank you! |
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You probably cant get 4.2k as you dont have the relevant experience. KYC is a more operational role in banks. |
Hi all, would like some advice! I am currently a Relationship Manager with local bank at priority segment. Have been in bank sales for 3.5yrs. Currently looking to switch to non-sales role and considering compliance. Because I don’t have prior compliance experience, is it a must for me to take paycut? I am currently drawing basic 4.5k (excluding commissions).
Just got an offer for compliance role at insurance company, however they offered me 3.9k basic. Benefits like annual leave is much lesser than what I get in the bank. Do you think it is worthwhile to make the switch? I definitely don’t want to continue doing sales however I have reservations because of the paycut. |
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That said, there are many functions within compliance. You wont know if compliance is suitable for you. getting increment of 4.5k is rather tough given your RM experience is just 3.5 years with little compliance experience. Unless you are a 8 years RM experience and 4 years compliance experience. |
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Is there a specific reason why the switch? If the reason outweighs the monetary loss then you can consider. |
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