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Unregistered 02-10-2016 11:45 AM

Hi All,

I'm thinking of making a career switch to compliance, looking more at AML. I've graduated from SIM a year ago with a Business degree and I don't see a clear progression in the field that I am pursuing.

Anyone here can advise on a typical day of a Compliance Officer and a prudent assumption on the career prospects for this role for someone with zero knowledge in this field?

Appreciate your valuable responses!

Unregistered 06-10-2016 11:42 PM

What are the differences between compliance and AML? AML is a subset of compliance no?

Unregistered 10-10-2016 03:05 AM

Quote:

Originally Posted by Unregistered (Post 90993)
What are the differences between compliance and AML? AML is a subset of compliance no?

Yes, AML is a subset of compliance. Under compliance, there are still sanctions, regulatory, monitoring/testing, advisory units.

Unregistered 12-10-2016 03:17 PM

Any UOB /HSBC / OCBC VP here? can share what's your salary ?

Unregistered 12-10-2016 04:56 PM

Quote:

Originally Posted by Unregistered (Post 91127)
Any UOB /HSBC / OCBC VP here? can share what's your salary ?

HSBC VP (actually equivalent to a AVP in other banks) = $6000 to $10000+ depending on appointment and seniority.

Unregistered 12-10-2016 05:25 PM

Quote:

Originally Posted by Unregistered (Post 91134)
HSBC VP (actually equivalent to a AVP in other banks) = $6000 to $10000+ depending on appointment and seniority.

Ya read that HSBC's rank rather inflated. 6k-10k rather wide range..Sound so glamorous but might be a 6k VP nia

Unregistered 12-10-2016 08:10 PM

Quote:

Originally Posted by Unregistered (Post 91135)
Ya read that HSBC's rank rather inflated. 6k-10k rather wide range..Sound so glamorous but might be a 6k VP nia

How many years of exp do u need to become vp in hsbc?

Unregistered 13-10-2016 11:16 AM

Quote:

Originally Posted by Unregistered (Post 91139)
How many years of exp do u need to become vp in hsbc?

There are many people with 3 years of experience holding the AVP title, and 5 years experience holding VP titles. Of course, 5 will be the minority few that had exceptional performance reviews. Typically will be 6-7 years to be VP in HSBC. Compared to the real VP titles in other banks that require 10+ years of exp.

Unregistered 13-10-2016 11:32 AM

Quote:

Originally Posted by Unregistered (Post 91143)
There are many people with 3 years of experience holding the AVP title, and 5 years experience holding VP titles. Of course, 5 will be the minority few that had exceptional performance reviews. Typically will be 6-7 years to be VP in HSBC. Compared to the real VP titles in other banks that require 10+ years of exp.

In HSBC, next rank after VP is SVP, whereas places like local bank, it is like VP1, next up is VP2....still a VP

Well I do know ppl who are still AVP equivalent with 10 years exp

Unregistered 13-10-2016 12:06 PM

Quote:

Originally Posted by Unregistered (Post 91144)
In HSBC, next rank after VP is SVP, whereas places like local bank, it is like VP1, next up is VP2....still a VP

Well I do know ppl who are still AVP equivalent with 10 years exp

I have 4 years experience and still an analyst..with bonus average 6.5k monthly.


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