Hi, i am working in the logistic industrial for 8years.
just grad from my private degree in business management. really interested to join this AML industrial, tried sending many resume to sgunited but no response them. anyone have advise how do i get in or any cert that have funding to sign up? |
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Associate-Level Certification Specialist-Level Certification Advanced Specialist-Level Certification |
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even with my private degree, i still lacking of enough points to sign up. |
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Economics - supply and demand. |
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It is true that banks have mostly acknowledged the role AI plays in its business, especially within the compliance space. AML/KYC is one such example. Conceptually, it looks very good and noble on paper. Realistically, many banks struggle to achieve it. The biggest hurdle? Cost. This may surprise many but it is generally cheaper to hire a warm body to deal with those problems than to integrate into its businesses - until such a point where its business size reaches a critical state in which they are able to justify these costs. And surprisingly, our dearest regulators, the likes of MAS, HKMA/SFC, FINMA and the likes are indifferent on this matter. And having a big name parent company does not automatically mean the hurdles are all cleared. Because of issues like cross-border data sharing, banking secrecy and etc., you'll probably have problems relying on the existing infrastructure used by the rest of the Group entities. So circling back to the earlier topic - having some knowledge of data analytics is alright but it wouldn't be something I would break my back over it. On the other end of the spectrum, being a TM analyst the prospects are very much limited these days - many things are and can be filtered/flagged by the pre-determined system rules. |
Anybody can give me some advice?
Currently working in bank as TM, Binance SG offered me a role doing similar stuff and higher pay. Is it worth the jump? Will it be hard if I would like to go back to bank say in a couple of years? |
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If you are interested in this industry definitely consider. Try negotiating for a significant bump if possible. |
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If you have interest in the industry definitely consider the role. A significant bump would be more than 30% imo. Trust your gut and good luck! |
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Hello, when you all change job, does the hiring company ask for the payslip of the previous company? Asking as it’s my first job hop after graduating two years ago
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binance sg is not where u wanna be at this stage |
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Maybe you might want to share more? |
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Yeah it's fine, binance.com is a separate entity from binance sg and I'm sure binance will sort it out with the regulators over time. It's still one of the biggest if not the biggest crypto exchange.
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just got a job offer from another company so was wondering how do you all resign? Print out the letter and pass to your manager or just email manager and cc HR?
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hello. can anyone advise on how to get into compliance?
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- for big banks, the role alot of the time is very specialized (e.g. sanctions) which means it's harder to move to other FIs. - compliance is a huge cost centre and roles can get offshored or cut. - you can learn more in a smaller FI which translates to many different skillsets. Some might think specializing is good but I feel someone who has a wide spectrum of knowledge in compliance is more valuable than someone who just specializes in one area. With the above being said some people do like working in big companies where you have more structure, maybe more prestige and benefits etc. |
Hello, I just joined compliance role two months ago and I’m thinking of taking some courses, specifically ICA or ACAMS. Which is more recognised in SG? And I think I saw that ACAMS is IBF Level 2 so would I be able to take it with only 2 months of experience? To all those who took, how much did you all pay for it? Hope to get some help here, thanks!
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What factors would make it or break it for you - in terms of swaying your decision to move from a generalist to a specialist (as you mentioned you prefer the former)? |
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Was from a big setup, currently at a smaller setup doing a generalist role. If an opportunity presents itself in a good company and growing industry, e.g. Fintech, asset management, electronic trading etc definitely go for it. Pay is good, more breadth of experience, way lesser chance of getting retrenched/offshored. Downside is less "prestige" but that's about it. |
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Wanna know the same thing too! |
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Are you new to the industry or have been working for a few years already? I saw on the website that it’s $1990 but not sure what it covers. Emailed them to ask but no reply yet. |
If you already have ACAMS + pass the sg aml regime exam, will you still take the ICA diploma in aml? Like same thing.
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Anyone has taken ICA Level 1(advanced certificate)? How much did you all pay for it?
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Yes can pass ACAMS with 2 months experience. If office can sponsor you, grab it. For ACAMS, self-sponsored candidates can get IBF subsidy. I don't know if got same subsidy for ICA Dip. Rates are fixed in ICA and ACAMS. Won't change person to person. Must email and ask. Both ICA and ACAMS reply fast, within 3 working days. Quote:
Good Luck! |
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Thanks for the insight! |
Both are unrated. Only go for it if u are sponsored. But key difference:
Ica is a lot more structured coz u have lessons and modules. Gives u a framework what to think about but let me tell u. U can’t design a ewra for eg becoz of going to ica. I see it more as networking with tutors or classmates la. Acams just self study and very us centric tho aml concepts still relevant. Not so practical in a sense but reinforces your knowledge if u r doing aml for a while |
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