Salary.sg Forums

Salary.sg Forums (https://forums.salary.sg/)
-   Income and Jobs (https://forums.salary.sg/income-jobs/)
-   -   AML/Compliance/KYC professionals come in! (https://forums.salary.sg/income-jobs/3243-aml-compliance-kyc-professionals-come.html)

Unregistered 27-08-2017 07:11 PM

AI threat
 
Do you guys think most of the AML jobs would get replaced by AI in near future?

Unregistered 27-08-2017 07:19 PM

Aml
 
Is it possible for a aml investigator switch job to risk management department?

Unregistered 29-08-2017 10:33 AM

Quote:

Originally Posted by Unregistered (Post 99822)
Is it possible for a aml investigator switch job to risk management department?

Hi, sorry for the amateur question but how do i become an aml investigator? Would CDD experience allow me entry? Thank you.

hxc 30-08-2017 01:24 AM

Hi there, is this role within the specialised activities team?

Unregistered 02-09-2017 12:53 AM

Would having some general external audit experience during university help in landing an entry level compliance role in MNCs/banks upon graduation?

Unregistered 27-09-2017 11:05 PM

cypress plaza
 
What do the more experienced of you make of sanctions advisory? The career trajectory looks quite clear (Advisor - Regional Advisor - Regional head), but what would the role and industry look like after 5 or 10 years? Is sanctions higher paid too among FCC functions?

Unregistered 28-09-2017 12:49 PM

Quote:

Originally Posted by Unregistered (Post 99822)
Is it possible for a aml investigator switch job to risk management department?

Hi may I know what's wrong with being an aml investigator? I would think it is an interesting job or am I wrong?

Unregistered 28-09-2017 11:47 PM

All the job postings want candidates with a few years experience. Where to find entry level positions to gain the experience in the field?

Unregistered 29-09-2017 08:42 AM

Quote:

Originally Posted by Unregistered (Post 100467)
What do the more experienced of you make of sanctions advisory? The career trajectory looks quite clear (Advisor - Regional Advisor - Regional head), but what would the role and industry look like after 5 or 10 years? Is sanctions higher paid too among FCC functions?

Realistically, what are the chances of everyone becoming a regional head? In big banks, there are a few hundreds AML / Compliance practitioners and only 1 regional head. Unless you are superstar, which in reality, most people are not, you should have a more realistic dream.

Sanctions is not the highest paid. Pay goes with experiences, along with how good you are, to a certain extent. Additionally, Sanctions is a very niche coverage. To reach the top, you have very very limited roles that you can take. In a bigger banks, you might have a small team of people focusing on Sanctions, in Singapore. There are limited growth for these group of people as well, so likely, they will stay in their job for a long while.

Additionally, its not necessary adviser - regional adviser - regional head. There are many routes and it depends on the size of the FIs. You can move from regional adviser (small bank) to a country advisory (big bank) or country head (med-sized bank). If you are fixated with one route, your career will be stuck very quickly.

Unregistered 29-09-2017 08:47 AM

Quote:

Originally Posted by Unregistered (Post 100503)
All the job postings want candidates with a few years experience. Where to find entry level positions to gain the experience in the field?

Some banks offer special programs for fresh graduate and people with no experience. Some banks, also hire entry level positions. Being an interviewer, what annoys me the most are candidates who
- Can't give a clear reason why they want to move into Compliance/AML
- Did not prepare themselves, to understand the basics of the role that you are applying. You dont have to be able to do the job immediately, but you must, at least, understand what the job is about, and connect the reason why you want to try that position. This points a lot on positive attitude, which is much more valuable than knowledge.

Additionally, having all the certificates (ACAMS, Dip in Comp, etc) are completely useless if you cannot apply it. I have seen candidates with every possible certificate in the market, but is not able to identify basic AML risks.


All times are GMT +8. The time now is 01:54 AM.

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2