Unregistered |
27-08-2016 11:03 AM |
Quote:
Originally Posted by Unregistered
(Post 89865)
My advice for all here is to think whether you like compliance, not beacause of it popularity now or stability. You dont know the stress compliance officer face on a daily basis. U just need one error and you may lose your job. It's not a cruise through life.
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i worked in the compliance dept in a private bank in SG. I had a temp staff 2 months ago, a freshie from one of the local U. i asked, given his results he could probably get better placement elsewhere, in other industries even. His answer - "but compliance is very hot now mah and since i can't make it for IB i can't miss this boat now".
Well... he's not wrong either. I told him if he expects people to pay you upwards of $5k /m and still expect work life balance as a fresh grad <3years of exp or if he thinks advising people merely is shooting off emails or taking phone calls, telling the other party to 'just do it', perhaps he should drop that thought and be real.
Its always hard to juggle between the business and being compliant. It's always the same question of "to what extent it is sufficient?". We draft policies and procedures, put it out on the table, next thing we know is that we'll be sitting in a meeting room with few other department heads or team leads challenging every nitty gritty details inside. And everyone knows how the MAS papers are written, they will not take any position (their RBA bs), directives are always open-ended, leaving rooms for them to manuevre around and on the other side of the coin, ample space for people to come up with "solutions" in varying degrees mostly in the grey areas just because "but regulations didn't say what"
and that's just SG, not even talking about rule books from other jurisdictions yet. But of course, my temp staff just looked at me being all confused... haha
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