Most of them are still contract staff as analysts. Mostly are doing remediation for KYC or name screening, which actually is very easily outsourced to hubs in cheaper regions such as India or Malaysia. I can think of at least 5 ex colleagues who are either still contract staffs after 3 years or they have just taken a perm job in a non compliance related role. It can get very discouraging when you work for 3 years and still only a contract staff.

This is beceause Compliance is deemed to be an independent function that can provide independent advise.

This is not me. You can ignore these comments.

Jump ship? Perhaps move into other related space such as aml. Take a slight pay cut if need be. See as you deemed fit.

thanks for advice.
that's what i am thinking too.
going to take CAMS exam at the end of the month.
if need be i willing to take pay or contract role to go into aml.
after all my pay miserable 3k only.
can 2.5k aml contract role i also happy liao.

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aml is considered a different space from compliance?

I am another poster. I would advise you against going to contract. You have already had 3 yrs experience. Are all these contracts? Make wiser choices. Unless you have a diploma. 3 yrs is enough for you to get a promotion already.

i'm not the poster with 3 years exp haha. however i'm still new to compliance, so.. trying to get a better grasp of compliance's structure(s). seems like it varies bank to bank though

I am a degree holder from uol.
I am in a perm position.
No promotion cos I am just a kyc saikang warrior doing kyc for rm.
Boss also don't xing shang me enough despite all my hard work.

Kyc imho is a sunset industry.

I see..how much did you start with?