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AML/Compliance/KYC professionals come in!

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  #431 (permalink)  
Old 18-08-2016, 09:50 AM
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How long you stayed at each job?
On average, a year.

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  #432 (permalink)  
Old 18-08-2016, 02:58 PM
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1st job) 2.7k
2nd job) 3k (1 year contract)
3.7k (converted to perm at 6 month mark)
3rd job) 4.3k
4.6k (after increment)
4th job) 5.5k (rank jump + team lead role)

I hold a normal bachelors degree from an Aussie uni. No honors, no masters. Decent but not spectacular results.

woah. team lead in the 4th year of work? impressive. mind sharing what scope and the bank names u were in?

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  #433 (permalink)  
Old 18-08-2016, 03:01 PM
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KYC (Onboarding/Periodic Reivew) roles in smaller banks are parked under compliance while in big banks it will be under middle office/business support. Any comments, anyone?

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  #434 (permalink)  
Old 18-08-2016, 03:16 PM
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woah. team lead in the 4th year of work? impressive. mind sharing what scope and the bank names u were in?
Thanks. I have been lucky to meet good colleagues, which has helped in the scouting of ideal opportunities. Can't share the bank names, will give my identity away pretty quickly. This space is rather small. I've been in American and European banks.

Started out in the KYC domain. Moved into Compliance, dealing with KYC/AML advisory.
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  #435 (permalink)  
Old 18-08-2016, 03:18 PM
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KYC (Onboarding/Periodic Reivew) roles in smaller banks are parked under compliance while in big banks it will be under middle office/business support. Any comments, anyone?
KYC i.e. client due diligence, is generally an operational role which usually isn't parked under the Operations arm of most banks. Some banks park it under MO, a few banks park it under Compliance. End of the day, doesn't really matter. All that matters is which bonus pool the KYC team falls under.
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  #436 (permalink)  
Old 18-08-2016, 04:56 PM
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Thanks. I have been lucky to meet good colleagues, which has helped in the scouting of ideal opportunities. Can't share the bank names, will give my identity away pretty quickly. This space is rather small. I've been in American and European banks.

Started out in the KYC domain. Moved into Compliance, dealing with KYC/AML advisory.
Do you think you're an outlier/high flyer? I don't think most ppl's career in AML goes as smoothly as yours
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  #437 (permalink)  
Old 18-08-2016, 07:46 PM
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Do you think you're an outlier/high flyer? I don't think most ppl's career in AML goes as smoothly as yours
Well yes, definitely I think I am one of the lucky ones. I know many of my previous colleagues who are still struggling. This is an overrated industry that somehow many think is attractive. But they dont know the reality.
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  #438 (permalink)  
Old 18-08-2016, 08:42 PM
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Well yes, definitely I think I am one of the lucky ones. I know many of my previous colleagues who are still struggling. This is an overrated industry that somehow many think is attractive. But they dont know the reality.
Then may I ask wat r your previous colleagues doing now? Still at analyst / associate lvl doing more ops aml / kyc roles? Guess u gotta know the right ppl to rise up


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  #439 (permalink)  
Old 18-08-2016, 09:24 PM
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Thanks. I have been lucky to meet good colleagues, which has helped in the scouting of ideal opportunities. Can't share the bank names, will give my identity away pretty quickly. This space is rather small. I've been in American and European banks.

Started out in the KYC domain. Moved into Compliance, dealing with KYC/AML advisory.
Actually what do you doing in KYC/AML advisory?
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  #440 (permalink)  
Old 18-08-2016, 10:06 PM
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For onboarding of clients, who are the ones who get the documents from clients? Client facing team, ops or compliance etc?
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