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-   -   AML/Compliance/KYC professionals come in! (https://forums.salary.sg/income-jobs/3243-aml-compliance-kyc-professionals-come.html)

Unregistered 05-09-2022 09:01 PM

may i know what are exit opportunities for cdd and kyc

Unregistered 07-09-2022 01:49 AM

Quote:

Originally Posted by Unregistered (Post 229715)
may i know what are exit opportunities for cdd and kyc

It all depends on what you want in your career isnít it? Some people move out to do sales. Some do client servicing, and some take on other supporting roles in the client life cycle.

Unregistered 07-09-2022 10:42 PM

Quote:

Originally Posted by Unregistered (Post 229819)
It all depends on what you want in your career isnít it? Some people move out to do sales. Some do client servicing, and some take on other supporting roles in the client life cycle.

impossible to move to sales. plz be realistic....

Unregistered 08-09-2022 08:48 PM

Quote:

Originally Posted by Unregistered (Post 229877)
impossible to move to sales. plz be realistic....

don't listen to people like this

i moved from investment banking kyc to IB front office sales and many of my colleagues made the move easily too

Unregistered 08-09-2022 10:30 PM

Training
 
Just saw some compliance programmes at this school called the Wealth Management Institute, they seem to have many senior compliance trainers. Anyone went before?

Unregistered 09-09-2022 11:19 PM

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

Unregistered 10-09-2022 01:26 AM

Quote:

Originally Posted by Unregistered (Post 229877)
impossible to move to sales. plz be realistic....

Maybe if you get out of your pigeon hole, you will know itís possible. So many cases of people moving internally to do sales, and here you are saying impossible. You better stay in your shitty hell hole then. You probably donít know what is internal mobility.

Unregistered 10-09-2022 01:28 AM

Quote:

Originally Posted by Unregistered (Post 230000)
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

RBC? For 7 years exp, is considered okay.

Unregistered 10-09-2022 02:05 PM

Quote:

Originally Posted by Unregistered (Post 230006)
Maybe if you get out of your pigeon hole, you will know itís possible. So many cases of people moving internally to do sales, and here you are saying impossible. You better stay in your shitty hell hole then. You probably donít know what is internal mobility.

yeah exactly... i was a kyc analyst and moved to markets sales VP immediately when i jump

Unregistered 11-09-2022 04:43 PM

Quote:

Originally Posted by Unregistered (Post 230030)
yeah exactly... i was a kyc analyst and moved to markets sales VP immediately when i jump

Classic example here. Mind sharing your years of experience and progression track?

Unregistered 11-09-2022 07:18 PM

Quote:

Originally Posted by Unregistered (Post 230097)
Classic example here. Mind sharing your years of experience and progression track?

y1 - y2: contract kyc role
y3: kyc analyst local bank
y4 - y6: kyc analyst foreign bank
y7: kyc associate foreign bank
y8: market sales VP foreign bank
y9: market sales director foreign bank

Unregistered 11-09-2022 09:56 PM

Quote:

Originally Posted by Unregistered (Post 230107)
y1 - y2: contract kyc role
y3: kyc analyst local bank
y4 - y6: kyc analyst foreign bank
y7: kyc associate foreign bank
y8: market sales VP foreign bank
y9: market sales director foreign bank

Very nice. Itís a good progression! Howís the pay though? Surprised you jumped VP to Director within a year. Must be a top notch employee.

Unregistered 12-09-2022 12:23 AM

Quote:

Originally Posted by Unregistered (Post 230107)
y1 - y2: contract kyc role
y3: kyc analyst local bank
y4 - y6: kyc analyst foreign bank
y7: kyc associate foreign bank
y8: market sales VP foreign bank
y9: market sales director foreign bank

same - except i jumped from kyc contract analyst to market sales managing director immediately

Unregistered 16-09-2022 01:13 PM

Hi all, any idea what's the salary range for 5 yr exp in risk/compliance?

Thank you in advance

Unregistered 16-09-2022 06:00 PM

Quote:

Originally Posted by Unregistered (Post 230441)
Hi all, any idea what's the salary range for 5 yr exp in risk/compliance?

Thank you in advance

what company?

Unregistered 17-09-2022 01:19 PM

Quote:

Originally Posted by Unregistered (Post 230457)
what company?


Asset management

Unregistered 17-09-2022 11:52 PM

Quote:

Originally Posted by Unregistered (Post 230518)
Asset management

is your 5 YOE aml/kyc or compliance/risk?

Unregistered 22-09-2022 01:41 PM

Quote:

Originally Posted by Unregistered (Post 230558)
is your 5 YOE aml/kyc or compliance/risk?

Investment compliance

Unregistered 22-09-2022 11:37 PM

Quote:

Originally Posted by Unregistered (Post 230962)
Investment compliance

useless job

Unregistered 22-09-2022 11:40 PM

Quote:

Originally Posted by Unregistered (Post 231020)
useless job

OUCHHH lol that hurts lmaoo

Unregistered 23-09-2022 12:00 AM

Anyone with 3-4 years experience in regulatory / product / AML / FCC compliance in private/investment/corporate bank? What is your current base salary + bonus?

Unregistered 23-09-2022 11:56 PM

Quote:

Originally Posted by Unregistered (Post 231026)
Anyone with 3-4 years experience in regulatory / product / AML / FCC compliance in private/investment/corporate bank? What is your current base salary + bonus?

100k base minimally for aml

Unregistered 24-09-2022 11:27 AM

Quote:

Originally Posted by Unregistered (Post 231081)
100k base minimally for aml

What's your source thank you~

Unregistered 24-09-2022 03:14 PM

Quote:

Originally Posted by Unregistered (Post 231101)
What's your source thank you~

working in aml now

Unregistered 24-09-2022 03:23 PM

Quote:

Originally Posted by Unregistered (Post 231116)
working in aml now

3-4 years exp and 100k base? What aspect of aml you in? Retail, corporate or private bank?

Unregistered 24-09-2022 05:25 PM

Quote:

Originally Posted by Unregistered (Post 231117)
3-4 years exp and 100k base? What aspect of aml you in? Retail, corporate or private bank?

asset management

Unregistered 24-09-2022 06:58 PM

Quote:

Originally Posted by Unregistered (Post 231132)
asset management

Cool! So AM pays good money! 3 years total experience fresh out of uni?

Unregistered 24-09-2022 07:57 PM

Quote:

Originally Posted by Unregistered (Post 231137)
Cool! So AM pays good money! 3 years total experience fresh out of uni?

yes, at associate level.

Unregistered 24-09-2022 10:14 PM

Hi ,
Wanted to know if a Malaysian with good degree & working with SG bank's AML hub. (based in Malaysia)
2 year exp in L1 FCC TM (covering consumer and corporate banking)
Not bad performance (overall KPI>120% with minimal QA finding).
Current salary below RM 4K (~SGD 1.3k) ; performance bonus around 3 months

Should i consider move to SG next year ? What salary range should i expect ?
Should i continue working under TM team or moving to other AML ascpect (e.g. KYC, CDD, ECDD, Sanction and etc) to expand my profile?

Unregistered 24-09-2022 10:31 PM

Quote:

Originally Posted by Unregistered (Post 231145)
yes, at associate level.

well done for picking the right field! 100k (8+k) is quite the abnormally for 3 yrs of exp. banking should be around 5-6k

Unregistered 24-09-2022 10:34 PM

Quote:

Originally Posted by Unregistered (Post 231152)
Hi ,
Wanted to know if a Malaysian with good degree & working with SG bank's AML hub. (based in Malaysia)
2 year exp in L1 FCC TM (covering consumer and corporate banking)
Not bad performance (overall KPI>120% with minimal QA finding).
Current salary below RM 4K (~SGD 1.3k) ; performance bonus around 3 months

Should i consider move to SG next year ? What salary range should i expect ?
Should i continue working under TM team or moving to other AML ascpect (e.g. KYC, CDD, ECDD, Sanction and etc) to expand my profile?

yes you can definitely considering moving to SG if your situation allows. hard to say what pay you should be expecting since i'm not familiar with foreign hires, but i'd say they shouldn't be offering less than SGD 3k.

L1 TM is at risk of being offshored. If can, consider L2 (investigations) or advisory roles or more generalist role covering end-to-end like onboarding, PR, AML, etc.

Unregistered 24-09-2022 10:43 PM

Quote:

Originally Posted by Unregistered (Post 231160)
well done for picking the right field! 100k (8+k) is quite the abnormally for 3 yrs of exp. banking should be around 5-6k

started off drawing 4.5 as a fresh grad. did extremely well on first year and got more than 20% bump to 5.5. promoted to associate thereafter, top performer, and bumped to 7.8 and recently just re-nego my compensation to 8.3.

Unregistered 24-09-2022 10:46 PM

Quote:

Originally Posted by Unregistered (Post 231169)
started off drawing 4.5 as a fresh grad. did extremely well on first year and got more than 20% bump to 5.5. promoted to associate thereafter, top performer, and bumped to 7.8 and recently just re-nego my compensation to 8.3.

42% pay bump from 5.5 to 7.8?

you reached 7.8 just after 2 years?

Unregistered 24-09-2022 11:09 PM

Quote:

Originally Posted by Unregistered (Post 231172)
42% pay bump from 5.5 to 7.8?

you reached 7.8 just after 2 years?

no, close to 3 years

Unregistered 24-09-2022 11:12 PM

Quote:

Originally Posted by Unregistered (Post 231162)
yes you can definitely considering moving to SG if your situation allows. hard to say what pay you should be expecting since i'm not familiar with foreign hires, but i'd say they shouldn't be offering less than SGD 3k.

L1 TM is at risk of being offshored. If can, consider L2 (investigations) or advisory roles or more generalist role covering end-to-end like onboarding, PR, AML, etc.


Thanks for your suggestion !

Unregistered 25-09-2022 09:34 AM

Quote:

Originally Posted by Unregistered (Post 231175)
no, close to 3 years

mind sharing more about how you land yourself in this AM compliance role to begin with? local u grad? did prior internship with the firm?

Unregistered 16-11-2022 07:34 AM

Any Compliance / Risk / AML / KYC professionals with 3-7 years of exp here? What salary are you drawing now and do you think it is reasonable compared to market? Any plans to move to other fields / industry (e.g. digital banking, crypto, etc)?

Unregistered 16-11-2022 09:15 PM

Quote:

Originally Posted by Unregistered (Post 234934)
Any Compliance / Risk / AML / KYC professionals with 3-7 years of exp here? What salary are you drawing now and do you think it is reasonable compared to market? Any plans to move to other fields / industry (e.g. digital banking, crypto, etc)?

AML for 4 years in BB, drawing 6.2k/month. Looking to switch to Compliance role asap due to poor growth opportunity.

Unregistered 16-11-2022 09:49 PM

Quote:

Originally Posted by Unregistered (Post 234934)
Any Compliance / Risk / AML / KYC professionals with 3-7 years of exp here? What salary are you drawing now and do you think it is reasonable compared to market? Any plans to move to other fields / industry (e.g. digital banking, crypto, etc)?

Not a good time to move out to other fields/industry, esp tech or fintechs. Increment may be good but whether sustainable is another issue. 7 years can get above 10k in most areas of work.

Unregistered 16-11-2022 10:35 PM

Quote:

Originally Posted by Unregistered (Post 234985)
Not a good time to move out to other fields/industry, esp tech or fintechs. Increment may be good but whether sustainable is another issue. 7 years can get above 10k in most areas of work.

Absolutely disagree. DO NOT stay in AML for long. There is no prospect and your market value quickly diminishes the longer you stay in this industry. Jump out the moment an opportunity comes, be it fintech or not, your main priority should be to move out of AML roles.


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