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Why don't you go and ask the auditors what it takes to be good at their job? the responses should be somewhat similar in nature...... It's always 2 sides to a coin, whether to be pro business or to be committed to the regulations. A straightforward response obviously is to give you the typical textbook answer, of which you are able to google it online. But those that are in the trench now know its not necessary the case. |
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KYC/AML is not necessary bad, its higher rungs are usually less prone to outsourcing... its remuneration is not skyhigh as to what other FO compliance is drawing (i.e. markets). But of course high or low is dependent on each person's appetite. |
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become the most hated compliance officer by following the book totally. you sure sibei song get scolded by alot of people and then they call your superior to complain about you. |
Are there differences between the compliance function of insurance companies and banks? Can the experience gained in insurance compliance of relevance to job functions of banks vice versa? Appreciate any advice.
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can shed some views for me which will u choose:
onboarding/periodic review VS txn monitoring/investigation Txn monitoring seems onerous and high risk... |
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Hi I was wondering if someone could help me out with this. I recently graduated with a law degree but I have decided to enter the compliance industry. I have not gotten any replies probably due to my inexperience in this area. How do I gain more exposure in this area as most jobs are looking at 1-2 years of experience? Also, I have applied for some graduate management programmes as well, would it be useful?
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1) Set your expected salary to $SGD 2,500 starting pay. 2) Apply for 6 months contract roles 3) Re-adjust your expectations as you will be in the same pool of candidates from private universities like SIM. 4) You have to outshine many other contract staffs to succeed |
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i started out with 2.5k as a contract staff, got converted to perm at the 6th month mark and got 2.7k. then suddenly one batch of old birds left, i guess the management panicked and decided to give a pay raise to the newly converted staffs to prevent further resignations. at the 7th month mark, i got a raise to 3.1k. sometimes you just have to be at the right place at the right time but i don't think compliance advisory is for me though i like doing onboarding. why isn't sanctions talked about? i would think it's under compliance as well. |
Hi all, I'm currently doing compliance in the stockbroking industry. Have been here for about 5 years and I find it very difficult to move to a bank. There's not much specialisation for my role cos I do everything from advisory to TM to AML. But it seems like experience in a non bank FI is not considered relevant. The pay is much much lower than market rate (currently only low 3s) and that's why I'm looking to move. Having been trying to look for quite a while but only contract positions available. Not sure if it's worth giving up a perm position here for a contract one in a bank.
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