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Unregistered 27-12-2021 07:39 AM

Quote:

Originally Posted by Unregistered (Post 195226)
Perm. No pressing reason, just that progression seem slow and stagnant. I'm holding the same rank as my seniors who have 4-5 YOE, and presumably drawing similar pay. Attrition rate is extremely high and my colleagues have gotten 20-40% pay bump by jumping to other banks.

Weak reason I know, especially for someone who's relatively inexperienced.

No one will tell you how much their salaries are.

Progression seems slow and stagnant when you only had 1 year of experience?

If you have worked long enough, issues like stagnation and high attrition rate are almost seen everywhere.

Need to think long term about your career goals.

Unregistered 27-12-2021 09:10 AM

I'd say stay for 2 years and then jump. I jumped from 4.3 to 5.8 after jumping from my first role where I stayed 2 years. 1 year may be a little too fast.

Unregistered 27-12-2021 09:38 AM

Quote:

Originally Posted by Unregistered (Post 195237)
I'd say stay for 2 years and then jump. I jumped from 4.3 to 5.8 after jumping from my first role where I stayed 2 years. 1 year may be a little too fast.

Ok thanks!

Unregistered 27-12-2021 10:39 AM

Quote:

Originally Posted by Unregistered (Post 195237)
I'd say stay for 2 years and then jump. I jumped from 4.3 to 5.8 after jumping from my first role where I stayed 2 years. 1 year may be a little too fast.

I'll say you can start looking out any time, don't need to time 1 year or 2 year more. Once the right opportunity presents itself. Get ready to jump. F

First you need to keep looking out. Start by talking to recruiters and sending out your resume.

On and off you will need to go for interviews and all but it's all part of the process.

Unregistered 27-12-2021 11:02 AM

Quote:

Originally Posted by Unregistered (Post 195247)
I'll say you can start looking out any time, don't need to time 1 year or 2 year more. Once the right opportunity presents itself. Get ready to jump. F

First you need to keep looking out. Start by talking to recruiters and sending out your resume.

On and off you will need to go for interviews and all but it's all part of the process.

What are your views on someone who perhaps has multiple stints of between 1-2 years on their resume (2 or more)? Would this strategy work out past the 2nd time, and employers become more wary that you may just be hopping every 1 year+ for the increment?

Unregistered 27-12-2021 11:23 AM

Quote:

Originally Posted by Unregistered (Post 195250)
What are your views on someone who perhaps has multiple stints of between 1-2 years on their resume (2 or more)? Would this strategy work out past the 2nd time, and employers become more wary that you may just be hopping every 1 year+ for the increment?

It really depends firsthand if you are the right person for the job and possessed the skill sets for this role.

The justification for the job transition needs to be clear and if they are in the same line of related job scopes. Most importantly is the vibe during the interview, if this person can come across as earnest and sincere. that would be most critical.

changes is rapid in banking industry, so I won't bank on someone too much to stay for more than 2 or 3 years.

Unregistered 27-12-2021 11:53 AM

Quote:

Originally Posted by Unregistered (Post 195226)
Perm. No pressing reason, just that progression seem slow and stagnant. I'm holding the same rank as my seniors who have 4-5 YOE, and presumably drawing similar pay. Attrition rate is extremely high and my colleagues have gotten 20-40% pay bump by jumping to other banks.

Weak reason I know, especially for someone who's relatively inexperienced.

Take a long term view on your career. After you have worked for a long time, you may focus more on non monetary aspects.

Take time to look out for new roles; it certainly wont harm by staying for another 1 to 2 years.

FATFMember 27-12-2021 02:41 PM

Quote:

Originally Posted by Unregistered (Post 195226)
Perm. No pressing reason, just that progression seem slow and stagnant. I'm holding the same rank as my seniors who have 4-5 YOE, and presumably drawing similar pay. Attrition rate is extremely high and my colleagues have gotten 20-40% pay bump by jumping to other banks.

Weak reason I know, especially for someone who's relatively inexperienced.

Perhaps you can share a bit more about your current role and what you aspire to do in future. The last thing you want to do is to hop blindly into a new role that gives better pay but ends up pigeonholing your career in compliance.

Unregistered 27-12-2021 05:04 PM

Does anyone know whats the growth and pay prospects for reg roles focusing on banking act advisory? At perhaps 2/4/6 years of experience?

Unregistered 27-12-2021 09:37 PM

Anyone worked in compliance for Chinese banks before either from prc or taiwan? Boc/icbc/Citic/cub/ctbc.

Hows the culture. And pay range or progression like?

Unregistered 30-12-2021 08:04 PM

Is it possible to hit 9k a month in compliance by year 5/6?

Unregistered 01-01-2022 04:05 PM

Anyone has experience or insight on seamoney/shopee's regulatory Compliance specialist / AML specialist roles?

What's the pay range like? Seems like they are hiring quite aggressively across experience levels. I have about 4-6 years. Been approached on few occasions by their HR and currently on second stage.

Unregistered 04-01-2022 06:10 PM

Quote:

Originally Posted by Unregistered (Post 195884)
Is it possible to hit 9k a month in compliance by year 5/6?

Possible but your base would need to be high and depends on the industry.

Top banks and hedge funds - very possible
Local banks/Asia banks - possible but less likely

Unregistered 04-01-2022 06:12 PM

Quote:

Originally Posted by Unregistered (Post 196075)
Anyone has experience or insight on seamoney/shopee's regulatory Compliance specialist / AML specialist roles?

What's the pay range like? Seems like they are hiring quite aggressively across experience levels. I have about 4-6 years. Been approached on few occasions by their HR and currently on second stage.


Pay range not too sure but I heard they have a working culture of long hours. Something like 996.

Unregistered 04-01-2022 09:05 PM

Quote:

Originally Posted by Unregistered (Post 196379)
Possible but your base would need to be high and depends on the industry.

Top banks and hedge funds - very possible
Local banks/Asia banks - possible but less likely

Would 9k by year 5/6 be considered just average?

Unregistered 06-01-2022 10:23 PM

FCC Advisory
 
Just started a role in FCC Advisory in big4 as an Associate. The big4 is not paying so well.. especially compared to the banks… is it good to stay in big4 for career growth specialising in AML/FT? Or is it better to hop to FIs?

Unregistered 08-01-2022 12:02 AM

anybody doing transaction monitoring work? What's the job progression like?

Unregistered 13-01-2022 04:31 PM

i have no compliance experience.. currently taking my acams (flunk twice already)

currently have a insurance co want to hire me for 6mth compliance analyst contract.

any advice if i should take the offer to gain experience?

Unregistered 13-01-2022 08:17 PM

Quote:

Originally Posted by Unregistered (Post 196660)
Just started a role in FCC Advisory in big4 as an Associate. The big4 is not paying so well.. especially compared to the banks… is it good to stay in big4 for career growth specialising in AML/FT? Or is it better to hop to FIs?

I take it you're in the low 3k figures as an associate? The increment to senior associate is over 30% so why not wait for that before you jump?

Unregistered 13-01-2022 11:28 PM

Hi all, im doing kyc in a local bank and coming to the end of my 1 year contract in about 3 months time?

Can I know how much can i expect with 1 year exp if i apply for other banks? Possible to get a flat 4k offer with just 1 year exp?

Unregistered 13-01-2022 11:28 PM

Hi all, im doing kyc in a local bank and coming to the end of my 1 year contract in about 3 months time

Can I know how much can i expect with 1 year exp if i apply for other banks? Possible to get a flat 4k offer with just 1 year exp?

Unregistered 14-01-2022 03:32 PM

Had 1 year of work experience in AML advisory.. and has gotten ACAMS.. however I realise my company do not value the cert at all… may I know is ACAMS cert useful? Does it helps with pay increment/progression in any particular firm?

sinkingfeeling 15-01-2022 03:09 PM

Quote:

Originally Posted by Unregistered (Post 197507)
Hi all, im doing kyc in a local bank and coming to the end of my 1 year contract in about 3 months time

Can I know how much can i expect with 1 year exp if i apply for other banks? Possible to get a flat 4k offer with just 1 year exp?

You got uptron degree? :(

Unregistered 17-01-2022 09:01 PM

Hey guys, looking for some help with expected salary.

Im at a final round of interviews with HR for an avp position at a local firm. I have 5 years of experience and my current salary is 5.5k, would it be reasonable if I were to ask for 6.5-7k expected salary for the position?

I came to that number as it seems I would have to give up my increment and bonus this year if I were to accept this role.

Hoping to get some expertise on this. Thanks!

Unregistered 17-01-2022 09:02 PM

Hey guys, looking for some help with expected salary. I have also posted this in the other bank thread.

Im at a final round of interviews with HR for an avp position at a local firm. I have 5 years of experience and my current salary is 5.5k, would it be reasonable if I were to ask for 6.5-7k expected salary for the position?

I came to that number as it seems I would have to give up my increment and bonus this year if I were to accept this role. Just confused with the current market rates

Hoping to get some expertise on this. Thanks!

Unregistered 17-01-2022 11:21 PM

Quote:

Originally Posted by Unregistered (Post 197457)
I take it you're in the low 3k figures as an associate? The increment to senior associate is over 30% so why not wait for that before you jump?

Shd gain some assignments aka assignments while u get that senior Assoc as suggested to nego for higher pay jump. Think further ahead

Unregistered 17-01-2022 11:22 PM

Quote:

Originally Posted by Unregistered (Post 197599)
Had 1 year of work experience in AML advisory.. and has gotten ACAMS.. however I realise my company do not value the cert at all… may I know is ACAMS cert useful? Does it helps with pay increment/progression in any particular firm?

Not really. Always good to have but not must have. More valued at us firms but u won’t get paid more becoz u have a cams

Unregistered 17-01-2022 11:23 PM

Quote:

Originally Posted by Unregistered (Post 198131)
Hey guys, looking for some help with expected salary.

Im at a final round of interviews with HR for an avp position at a local firm. I have 5 years of experience and my current salary is 5.5k, would it be reasonable if I were to ask for 6.5-7k expected salary for the position?

I came to that number as it seems I would have to give up my increment and bonus this year if I were to accept this role.

Hoping to get some expertise on this. Thanks!

Seems like a reasonable number. Nego from your current expected overall package and work out an increment from there. If it’s local firm they may suppress u with expected bonuses but depends on your preference really as bonuses are always not gte

Unregistered 17-01-2022 11:25 PM

Quote:

Originally Posted by Unregistered (Post 197507)
Hi all, im doing kyc in a local bank and coming to the end of my 1 year contract in about 3 months time

Can I know how much can i expect with 1 year exp if i apply for other banks? Possible to get a flat 4k offer with just 1 year exp?

Of course possible but depends on what you are currently drawing. If foreign banks I say 4.5 and more is not implausible.

Unregistered 08-02-2022 11:53 PM

Quote:

Originally Posted by Unregistered (Post 198169)
Not really. Always good to have but not must have. More valued at us firms but u won’t get paid more becoz u have a cams

CAMS is not more / less valued at foreign / local banks. Its the most recognized certification in the field, everyone recognizes it equally.

Unregistered 10-02-2022 12:55 AM

Quote:

Originally Posted by Unregistered (Post 202083)
CAMS is not more / less valued at foreign / local banks. Its the most recognized certification in the field, everyone recognizes it equally.

doubt thats true

Unregistered 10-02-2022 07:58 PM

Hello everyone, i would like to check is there anyone who started off their career at big 4 as a compliance associate before existing to commercial? Would like to know the potential exit opportunities, thank you.

Unregistered 14-02-2022 10:03 AM

Compliance across industries
 
Hi! Would anyone be able to shed some light on the compliance function across industries? (Eg:set-up, workload, pay, progression, etc) whether it is advisable to specialise in 1 industry or cross industries when there are opportunities? TIA!

Unregistered 14-02-2022 02:32 PM

How much would 5yr of experience in pb reg compliance be worth generally?

Unregistered 23-02-2022 11:13 PM

Looking to take ICA-Certificate-in-Anti-Money-Laundering, is this certificate useful?

Unregistered 02-03-2022 09:56 PM

Hi, would like some advice regarding kyc officers role in local bank. I am a recent graduate and interested in compliance roles. An agent spoke to me yesterday about a role with a local bank and told me that with no relevant exp, i shld be prepared to get a salary of less than $3,400. Is this really the case? Does local bank pay $2k plus for kyc officer roles with no exp?

Unregistered 02-03-2022 09:57 PM

Does kyc roles at local banks require frequent ot?

Unregistered 03-03-2022 12:59 AM

Quote:

Originally Posted by Unregistered (Post 202935)
How much would 5yr of experience in pb reg compliance be worth generally?

6000 approx

Unregistered 14-03-2022 12:53 AM

Quote:

Originally Posted by Unregistered (Post 205891)
Hi, would like some advice regarding kyc officers role in local bank. I am a recent graduate and interested in compliance roles. An agent spoke to me yesterday about a role with a local bank and told me that with no relevant exp, i shld be prepared to get a salary of less than $3,400. Is this really the case? Does local bank pay $2k plus for kyc officer roles with no exp?

As mentioned many times previously in this thread, KYC alone is generally not a high value role. Furthermore you mentioned that you have no relevant experience, I think 3-3.4k is reasonable.

If you are serious about compliance roles, get your foot in the door and start gaining the necessary experience.

Unregistered 14-03-2022 01:42 AM

Got offered 5.5k for Compliance role at a boutique asset manager, my YoE is about 3, reasonable?


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