AML/Compliance/KYC professionals come in! - Page 45 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




AML/Compliance/KYC professionals come in!

Reply
 
Thread Tools
  #441 (permalink)  
Old 19-08-2016, 07:25 AM
Unregistered
Guest
 
Posts: n/a
Default Seeking Advice.

Hi All,

I been doing KYC over 3 years but not getting any progression and drawing only 3k pay.
Everyday OT gao gao work until 8PM saturday come back half day work until no life.

Hitting a Wall in a long hour lousy job with no progression sian to the max.

Anyone have any kind advice for me?

Thank you.



Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #442 (permalink)  
Old 19-08-2016, 08:14 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hi All,

I been doing KYC over 3 years but not getting any progression and drawing only 3k pay.
Everyday OT gao gao work until 8PM saturday come back half day work until no life.

Hitting a Wall in a long hour lousy job with no progression sian to the max.

Anyone have any kind advice for me?

Thank you.
What is your qualification, perm or contract?

What is your daily role about?

Reply With Quote
  #443 (permalink)  
Old 19-08-2016, 09:42 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
This is not me. You can ignore these statements.

Reply With Quote
  #444 (permalink)  
Old 19-08-2016, 09:46 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Do you think you're an outlier/high flyer? I don't think most ppl's career in AML goes as smoothly as yours
I am definitely not a high flyer. I have a degree in Banking & Finance from an Aussie uni but no honors or masters, not a dean lister etc. No professional qualifications yet as well, but am in the midst of studying for CAMS.

To be honest, it really goes down to finding the right time and opportunity to jump, and jump often. If I have to point out my strongest skillset, I have to say it's my interviewing skills more than anything technical or work related.
Reply With Quote
  #445 (permalink)  
Old 19-08-2016, 09:49 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Actually what do you doing in KYC/AML advisory?
Being the point of contact in the Compliance team for the Due Diligence team as well as Business, on all issues related to KYC and AML.

They usually present complex situations, and my job is to analyst, dissect and ask the right questions, pointing them in the right direction and prescribing a risk based approach to take for the situation.

In a nutshell, the bulk of what my team does.
Reply With Quote
  #446 (permalink)  
Old 19-08-2016, 09:51 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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
The bulk of my ex colleagues from the KYC domain are still within the KYC space, in one form or another. Most of them have risen up to senior analyst or assoc roles, though we don't really talk about those kinda stuff when we meet up. Sensitive.
Reply With Quote

  #447 (permalink)  
Old 19-08-2016, 09:53 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
For onboarding of clients, who are the ones who get the documents from clients? Client facing team, ops or compliance etc?
Differs from bank to bank. Some banks have dedicated client management teams that deal exclusively with the acquisition of documentation (KYC, legal, credit etc.) from the client. Some banks put the responsibility on the KYC operational team to get these documents from the client.

I have never heard of Compliance personnel being tasked for such matters. Pretty sure it's a clash in mandate. Compliance is strictly internal and not supposed to be client facing in any form.
Reply With Quote
  #448 (permalink)  
Old 19-08-2016, 10:36 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I am definitely not a high flyer. I have a degree in Banking & Finance from an Aussie uni but no honors or masters, not a dean lister etc. No professional qualifications yet as well, but am in the midst of studying for CAMS.

To be honest, it really goes down to finding the right time and opportunity to jump, and jump often. If I have to point out my strongest skillset, I have to say it's my interviewing skills more than anything technical or work related.
Agree..technical skills can be trained.
Reply With Quote
  #449 (permalink)  
Old 19-08-2016, 10:41 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Differs from bank to bank. Some banks have dedicated client management teams that deal exclusively with the acquisition of documentation (KYC, legal, credit etc.) from the client. Some banks put the responsibility on the KYC operational team to get these documents from the client.

I have never heard of Compliance personnel being tasked for such matters. Pretty sure it's a clash in mandate. Compliance is strictly internal and not supposed to be client facing in any form.
Thanks for sharing.
Reply With Quote
  #450 (permalink)  
Old 19-08-2016, 11:59 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Differs from bank to bank. Some banks have dedicated client management teams that deal exclusively with the acquisition of documentation (KYC, legal, credit etc.) from the client. Some banks put the responsibility on the KYC operational team to get these documents from the client.

I have never heard of Compliance personnel being tasked for such matters. Pretty sure it's a clash in mandate. Compliance is strictly internal and not supposed to be client facing in any form.
Why is there a clash in mandate for compliance?
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
MAS for Mid Career Professionals Soul Companies 470 Today 11:16 AM
How to enter middle office (KYC, Compliance, Risk Management) in bank ? ZoOq Income and Jobs 17 04-10-2017 09:56 AM
Income for IT Professionals sudoku Income and Jobs 10 24-10-2014 07:20 PM
what does corporate hr executives/professionals do? lmaohaha Income and Jobs 2 12-05-2012 06:03 PM
Professionals and Managers - Is Your Pay above the Median? Salary.sg Income and Jobs 174 04-10-2009 07:42 PM

» 30 Recent Threads
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,514 Replies, 728,517 Views
GIC (Government of Singapore... ( 1 2 3... Last Page)
327 Replies, 451,671 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,057 Replies, 2,515,268 Views
Lawyer Salary ( 1 2 3... Last Page)
13,626 Replies, 4,577,614 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,656 Replies, 4,343,210 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
2,587 Replies, 1,265,725 Views
Career as Teacher ( 1 2 3... Last Page)
3,997 Replies, 2,489,767 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,909 Replies, 1,739,752 Views
Compare civil service salary ( 1 2 3... Last Page)
12,546 Replies, 7,326,316 Views
IMDA (under MCI) ( 1 2 3... Last Page)
112 Replies, 56,534 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
470 Replies, 270,312 Views
Banks' Pay and Bonuses ( 1 2 3... Last Page)
350 Replies, 150,787 Views
Comp Science Frsh Grad Salary ( 1 2 3... Last Page)
615 Replies, 95,427 Views
How is life as a doctor in... ( 1 2 3... Last Page)
2,726 Replies, 1,403,309 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,844 Replies, 605,572 Views
ST Electronics ( 1 2 3... Last Page)
2,330 Replies, 568,035 Views
Breaking the Letter Of Commitment... ( 1 2 3)
27 Replies, 25,853 Views
DBS tech seed programme ( 1 2 3... Last Page)
865 Replies, 218,044 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,020 Replies, 736,129 Views
High Finance Thread ( 1 2 3... Last Page)
298 Replies, 98,874 Views
Perm to contract, increase > 2k... ( 1 2 3... Last Page)
30 Replies, 3,815 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,266 Replies, 639,323 Views
Unilever UFLP 2018 ( 1 2 3... Last Page)
81 Replies, 23,672 Views
How rich/poor am I compared to... ( 1 2 3... Last Page)
81 Replies, 69,708 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
3,093 Replies, 1,309,470 Views
Starting Pay for CS/Ministries... ( 1 2 3... Last Page)
229 Replies, 106,552 Views
Band 4 and Band 5 in Standard... ( 1 2 3... Last Page)
31 Replies, 32,938 Views
UOB Management Associate Program ( 1 2 3... Last Page)
434 Replies, 271,989 Views
GovTech Tech Associate Program... ( 1 2 3... Last Page)
62 Replies, 34,316 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
734 Replies, 196,049 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 05:50 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2