Take RW's pay surveys with a pinch of salt. The numbers generally tend to trend on the high side, by about 20-30%.
How many years of experience do you have in this field, in the law enforcement agency? Don't be too caught up with job titles as well, your pay range should instead commensurate more with your level of experience. There are junior 'AVPs' with 4-5 years of experience earning anywhere between 5k - 7k, and there are senior 'AVPs' with 10 years of experience earning 10k. There are a lot of variables to consider. |
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From a hiring manager's perspective, someone with immediate law enforcement background won't be the most attractive candidate. You might have working knowledge of law enforcement, but we often noticed that there is difficulty in adaption into a corporate environment. A bank operates very differently from a law enforcement unit, culturally and work expectations. We prefer someone who has gone from law enforcement unit, to a bank, and coming to a 2nd/3rd bank's candidates. At least, we don't have to waste time, helping you understand how banks operate and why certain rules operate certain way, and what is acceptable/non acceptable. Additionally, don't be misguided by "Robert Walters, it was quoted as $90k p.a. (majority) onwards for Manager/AVP level". Such ranks is a range and will always be a huge range, dependent on the number of years of experience, how relevant in your experience, and your performance. Many salary survey inflate results, to attract candidates, and very few banks are paying that range. |
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Secondly, it opens up more options (other FIs or agencies) in the future if I want have a change of environment. Quote:
Currently 4 years in white collar LEA. Not those NPP haha |
Anyone in big 4 advisory working in AML-CFT related field? I see my bank employ these external consultants in regulatory compliance and project space. May I ask how much a junior associate can earn in such attachment?
Heard they are on daily rate one. Which I heard can hit range of 900~1k? That's kinda lot. |
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4 years of experience generally tends to fall within the associate range. AVPs usually means 5 years +++ unless u are an exceptional candidate or employee with outstanding continuous years of performance. |
For a person with 2 years exp and no relevant background, which bank/position is a better start? RBS AML or Nomura KYC?
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Can these figures be expected for a local university graduate joining compliance at a bulge bracket bank?
Year 1: 4k Year 2: 5k Year 3: 6.2k Year 4: 7.2k Year 5: 8k Or what figures can I expect? Also, which bulge bracket bank pays the best for compliance? |
Hi, I have limited knowledge about the compliance industry, and I would like to know which area of compliance would be the best to start off in for a fresh grad? ie. roles in KYC, AML and regulatory compliance? Which would provide the best exposure and progression opportunities?
Also, would agencies be the best avenue to get an entry level job in compliance? |
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Year 1: 2800 Year 2: 2950 Year 3: 3300 Year 4: 3630 Year 5: 3980 If you don't believe me, go try it. Better lower down your expectations though lol |
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