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AML/Compliance/KYC professionals come in!

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  #41 (permalink)  
Old 28-06-2014, 09:28 PM
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Originally Posted by Unregistered View Post
I see. If that's the case I think overall it's fair enough and pay seems to be higher than positions at later stage.
But is there a difference between AML analyst and KYC analyst for entry lvl? Or they are actually same position with different name?
So far what I see is kyc analyst is mainly doing client on boarding, process documents etc
How about kyc analyst for remediation project? Is there a difference between a kyc analyst in corporate banking and other areas??

I'm rather confused and there isn't any clear information provided...
There's a difference... but usually companies call onboarding roles as AML/KYC in general because it's part of the AML process when u onboard a new client.

AML analysts are usually your transaction monitoring/reviews guys, AML officers are usually those who provide advisory or file suspicious reports.

KYC remediation, as the name suggests, refers to redoing/refreshing KYCs... Usually there are contract roles and u will be kick out after the project ends.

KYC for corporate and private banking is very different. They types of documents required and the level of depth differs greatly. Corporates you need to identify the directors who are empowered to operate the accounts, while private banking u need to dig deeper (i.e. trust structures)... identify their source of wealth etc etc.

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  #42 (permalink)  
Old 28-06-2014, 09:29 PM
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How best do I do a career switch into AML when all the job adverts requiring at least 3 years experience? I almost completed my ICA dip in AML though. But everyone is looking for some form of experience.
sorry bro... it has gotta be connections or internal transfers who will most likely give you a shot at an interview

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  #43 (permalink)  
Old 28-06-2014, 09:31 PM
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Hi, you mean you hit 8k after 5 years of total working experience, or you had some
prior working exp before joining banking?
no, i just banking straight after grad

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  #44 (permalink)  
Old 28-06-2014, 09:32 PM
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Originally Posted by issey View Post
I am applying for a KYC analyst role too and am wondering on the career progression on this.

Can anyone who has info on this enlighten us?
not really sure on this... but hould be KYC analyst -> team leader -> team manager
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  #45 (permalink)  
Old 29-06-2014, 01:24 PM
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Just wondering, what is the average pay for a team lead with the responsibility of leading and expanding the team including interviewing/hiring new members? (leading around 5-8 member of staff)

I was offered at 4.5k sgd a couple of weeks ago from a very large MNC and I felt that the pay was way too low for the industry average.

What's your thought about this?

I heard one of my friend got 5k and above for experienced kyc analyst position.
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  #46 (permalink)  
Old 07-07-2014, 12:33 PM
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I feel the numbers a bit too exaggerated. There's lots of salary guides published by recruiters and u can use it as reference.

Anyway the figures below are based on my own experience:
Analyst/Officer/Associate 40k-60k
AVP 60k-120k
VP 120k-180k
D 180k-240k
MD 240k+
For an average performer, how many years to move on the ranks?
Maybe how much to expect at 5 year mark? 10 year mark?

Bonus included?
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  #47 (permalink)  
Old 09-07-2014, 06:10 PM
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Up for replies
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  #48 (permalink)  
Old 23-08-2014, 11:03 PM
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Wanna know if a job in KYC ( e.g. kyc analyst ) or Compliance (e.g. Compliance AM ), which has better prospect?

Seems that KYC is also in compliance, just that it is more specialized.
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  #49 (permalink)  
Old 26-08-2014, 02:24 PM
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guys, anyone here has contact to a headhunter who provides candidates to uob private bank? can please email me the contact of the headhunter? thank you... [email protected]
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  #50 (permalink)  
Old 26-08-2014, 02:42 PM
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guys, anyone here has contact to a headhunter who provides candidates to uob private bank? can please email me the contact of the headhunter? thank you... [email protected]
headhunt for uob pb aml/kyc?
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