low as fck

compliance loser and dead job

Hi, I would like some advice regarding Legal & Compliance officers role in BOC. I am a recent accepted the offer and wondering what should I expect from the position (like workload)? I am working in gov sector, 0 exp in banking sector

TIA for the reply!

If depends on your job title. The qn is too broad-based.

Workload expect high volume and OT across the board.

Reasonable pay range
 

What's a reasonable pay range and bonus package to ask for a 8 years banking compliance/aml (L2) experience?

What's the difference in pay package (for the above level) between foreign banks (JPM/DB/CITI/HSBS etc) and local banks?

Any experienced compliance professional jumped to fintech? Can share what's the % increment firms are willing to pay? And experience so far?

Lol must be one of those losers kena ****ed by your compliance officer over email.

compliance dept once reported me to hr for sending n00ds to my colleage....

Reasonable Pay Range
 

Am a compliance generalist (2+ years) , doing investment controlling as well.

Moved from Investment support role (2 years) and am with the firm for 4+ years.

What's a reasonable range for my YoE?

Head of compliance salary
 

What is the head of compliance salary for a small fintech firm like?

IA/Compliance or risk
 

I am an external auditor. I was wondering what roles should I go into? IA, regulatory compliance or risk? What particular ones will have opportunities and good salary package in the long run? Especially now AI has affected the industry

IA/Compliance/Risk
 

Following my previous post, actually i’m lagging behind by about 3 years than peers as i have done my own business. Which path can progress faster?

Which has the best & worst career progression?

1. Risk management
2. Compliance
3. Legal
4. Operations

Risk management > Operations > Compliance > Legal

Any clown who puts Operations above Compliance and Legal probably never worked in Operations before.

The ranking should go like this.

Compliance = Legal > Risk Management > Operations

I would put Legal and Compliance together. In many large banks, both functions are in the same department and many of the top compliance officers are former lawyers themselves. The future of Legal/Compliance is bright as many fintech firms wishing to make their product offerings mainstream will find themselves coming under regulation. They will hire Compliance staff to meet regulatory demands or risk getting fined. The rise of crypto as an alternative asset class also means the space of Compliance will only grow over time.

Prospects are more limited for Risk Management as many things are filtered/flagged by pre-determined system rules.

The worst progression is in Operations. Not only is your job mind-numbingly mundane and very process-driven, your progression will be very slow compared to the front and middle office. To make things worse, your job is vulnerable to offshoring/outsourcing. Many banks and FIs are moving their Operations over to India. To add insult to injury you may even be asked to train your replacement overseas before being made redundant.

Risk Management is more front office than Legal/Compliance. For some positions like Product Controller, the team sits between business and compliance/operations to manage projects or processes.

Compliance
 

Does compliance requires advanced excel or data skills?

Its ok its ok

curious to hear other opinions too

operational risk management is quite a crucial role to the bank. good career prospects and opportunities to jump to other parts of the bank thereafter.

What would be the market rate for a pb compliance officer with 8-9yoe?

corporate or private banking compliance has better prospects?

Just wondering, is anyone earning more than 8k just purely doing KYC?

Have. But must be experienced candidate like more than 5 years

Does anyone know what's the increment and bonus like for Data related tech jobs around AML in UBS? And the prospects in say 5 years to come?

Much thanks in advance!!

Yes, I hit 8k doing PB KYC in compliance at year 5. Jumped 3 times with 1 promo.

Cams
 

Hi everyone, has anyone tried to apply subsidies for CAMS under IBF?

So what’s your rank and salary now 8k flat?

Rank 3SG
salary 1.1k

AVP 8 flat

is WISE a good company to be in doing kyc/compliance?

anyone knows how much julius baer pays for role of transaction monitoring analyst?

was in the other industry and moved to work as a aml anlyst (3k salary) in an insurance company but just finished my 6mth contract and have an offer (4k salary) at a PB doing name screening for 1year contract.

1) any advise if i should take up the offer and also what is the career path like?
2) can i move back to aml after my name screen role?

what is the prospects for AML / KYC ?

No prospect

Possible to reach 200k p.a. if you take on managerial role.

please tell me which bank is willing to pay such money for a useless job

Literally every big PB/IB, clueless much?

Would it be better to stay at big 4 doing AML advisory or better to join banks doing BAU roles?

Big 4 AML advisory is **** unlesss you're looking to transition into a Fintech role. Its high workload for below industry pay.

At my previous place, most of the managers and associate directors who left eventually joined Fintechs as heads of compliance. Your exposure to gap analysis, TM & NS systems testing, project management will come in really handy for a generalist compliance role at a small firm.

If you're looking to secure a FCC advisory role in IB/PB, you're much better starting at BAU. Obviously there are more relevant BAUs and less relevant ones. You don't wanna be doing pointless **** like name screening or account activation.

Checking if 9k base with 2 months bonus is at market rate for a managerial role in private banking?
I manage a team in cdd and another in business risk
5 years in ops and 2 years in this current role.
Planning to jump ship and would like to know what to expect/ negotiate