AML/Compliance/KYC professionals come in! - Page 46 - 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
  #451 (permalink)  
Old 19-08-2016, 01:30 PM
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
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.

Reply With Quote
  #452 (permalink)  
Old 19-08-2016, 01:34 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Why is there a clash in mandate for compliance?
This is beceause Compliance is deemed to be an independent function that can provide independent advise.

Reply With Quote
  #453 (permalink)  
Old 19-08-2016, 01:37 PM
Unregistered
Guest
 
Posts: n/a
Default

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

Reply With Quote
  #454 (permalink)  
Old 19-08-2016, 09:50 PM
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.
Jump ship? Perhaps move into other related space such as aml. Take a slight pay cut if need be. See as you deemed fit.
Reply With Quote
  #455 (permalink)  
Old 19-08-2016, 10:22 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Reply With Quote
  #456 (permalink)  
Old 20-08-2016, 12:10 AM
Unregistered
Guest
 
Posts: n/a
Default 715

Quote:
Originally Posted by Unregistered View Post
Jump ship? Perhaps move into other related space such as aml. Take a slight pay cut if need be. See as you deemed fit.
aml is considered a different space from compliance?
Reply With Quote

  #457 (permalink)  
Old 20-08-2016, 12:13 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Reply With Quote
  #458 (permalink)  
Old 20-08-2016, 12:20 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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
Reply With Quote
  #459 (permalink)  
Old 20-08-2016, 05:14 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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 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.
Reply With Quote
  #460 (permalink)  
Old 20-08-2016, 08:30 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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?
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 1225 30-09-2022 12:49 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
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
9,181 Replies, 2,886,713 Views
IMDA (under MCI) ( 1 2 3... Last Page)
354 Replies, 181,014 Views
Roles in accenture singapore ( 1 2 3... Last Page)
5,398 Replies, 1,168,614 Views
20% salary bump? ( 1 2)
19 Replies, 4,992 Views
Lawyer Salary ( 1 2 3... Last Page)
18,042 Replies, 7,128,923 Views
Engineer Pay ( 1 2 3... Last Page)
524 Replies, 285,042 Views
RM Salaries and Commissions
0 Replies, 44 Views
What are some good non-fang tech... ( 1 2 3... Last Page)
71 Replies, 18,571 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
965 Replies, 658,388 Views
Be a commodities trader ( 1 2 3... Last Page)
223 Replies, 216,239 Views
jobs at Tech companies
4 Replies, 3,205 Views
For those with 2-5 YOE, what is... ( 1 2 3... Last Page)
1,042 Replies, 252,968 Views
Career as Teacher ( 1 2 3... Last Page)
6,215 Replies, 3,937,175 Views
Bnp paribas graduate ( 1 2 3... Last Page)
194 Replies, 113,932 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,494 Replies, 725,086 Views
Credit Suisse ( 1 2)
14 Replies, 5,663 Views
Micron starting pay ( 1 2 3... Last Page)
562 Replies, 215,092 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
341 Replies, 110,420 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
560 Replies, 232,974 Views
How much do you earn and save? ( 1 2 3... Last Page)
385 Replies, 181,741 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,475 Replies, 2,532,418 Views
GovTech Tech Associate Program... ( 1 2 3... Last Page)
351 Replies, 143,274 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
729 Replies, 205,092 Views
Compare civil service salary ( 1 2 3... Last Page)
14,844 Replies, 9,609,813 Views
ST Electronics ( 1 2 3... Last Page)
3,141 Replies, 955,993 Views
Relationship manager / Personal... ( 1 2 3... Last Page)
49 Replies, 51,121 Views
Enterprise Singapore hiriing... ( 1 2 3... Last Page)
146 Replies, 143,298 Views
Job Application with MOE... ( 1 2 3... Last Page)
393 Replies, 432,588 Views
High Finance Thread ( 1 2 3... Last Page)
1,389 Replies, 331,180 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,156 Replies, 3,149,416 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:07 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2