AML/Compliance/KYC professionals come in! - Page 134 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




AML/Compliance/KYC professionals come in!

Reply
 
Thread Tools
  #1331 (permalink)  
Old 04-06-2019, 08:11 PM
Junior Member
 
Join Date: Jun 2019
Posts: 3
kenalowballed is on a distinguished road
Default

Anyone can advice?
I am diploma holder and have been doing credit admin for about a year now
Currently drawing $2250 and I want to do Compliance but most of these roles are for degree holders only.

I tried applying for KYC/CDD roles but most of these are just the outsourced name screening functions and only offer me 1.8k-2k citing that my experience is not relevant. Is it worth taking these roles if I want to go into compliance?
I am intending to quit my job too because I have to frequently OT and it's not suitable for me when I am studying part time.

Reply With Quote
  #1332 (permalink)  
Old 08-06-2019, 03:03 PM
Unregistered
Guest
 
Posts: n/a
Smile Career switch to compliance. Please advise?

Hi,
I need some advice in venturing into a compliance career.

A little background:
6-7 years of experience in fund operations and accounting in am, never work in a bank before
Pursuing ICA advanced cert now
Salary is about 4k

Fund ops has already no or little progression so I'm hoping to see if I could maybe do a switch into AML compliance. Any advice on:
What kind of roles should I focus on as a start (AML TM, KYC/CDD and etc)?
Based on my ops experience, what are my chances to get an AML compliance job in am/bank and the pay that I can expect?
Any particular difference in the compliance role in am and bank?

Many thanks in advance!

Reply With Quote
  #1333 (permalink)  
Old 13-06-2019, 01:04 AM
Junior Member
 
Join Date: Feb 2019
Posts: 3
newbie94 is on a distinguished road
Default

Fresh grad from a local uni looking for job here. If there are any recruiters with lobang out there, please take PM me! I've done 3 months of AML screening before.

Reply With Quote
  #1334 (permalink)  
Old 25-06-2019, 07:05 PM
Unregistered
Guest
 
Posts: n/a
Default

I am planning to take Skillsfuture course to study Banking like AML/compliance. Some of the courses I pull out are taught in SIM. I have a private degree in biomedical science but interested in banking. Do you guys think it is worth it take up on this course? I have contacted the lecturer who is teaching the courses and they were very vague and I feel that it might not be useful. I just want to boost my resume.
Reply With Quote
  #1335 (permalink)  
Old 26-06-2019, 11:05 AM
Unregistered
Guest
 
Posts: n/a
Default

just wondering for those switching to compliance without relevant exp, how much should I expect if I am taking a contract role? Will they take into account for my 2 years work exp or just treat me the same as a fresh grad?
Reply With Quote
  #1336 (permalink)  
Old 29-06-2019, 01:25 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
you sure don't sound like a 40 year old head/senior exec...
well, im well over 40 actually. but then again, some of those from my batch are still officers, while some others like myself, made it to regional heads.


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote

  #1337 (permalink)  
Old 29-06-2019, 01:26 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I am planning to take Skillsfuture course to study Banking like AML/compliance. Some of the courses I pull out are taught in SIM. I have a private degree in biomedical science but interested in banking. Do you guys think it is worth it take up on this course? I have contacted the lecturer who is teaching the courses and they were very vague and I feel that it might not be useful. I just want to boost my resume.
Take ACAMS or ICA courses, those teaching the courses in SIM might not even have any actual experience as Compliance officers themselves. Theory aint going to help when you go for interviews.
Reply With Quote
  #1338 (permalink)  
Old 30-06-2019, 09:14 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by kenalowballed View Post
Anyone can advice?
I am diploma holder and have been doing credit admin for about a year now
Currently drawing $2250 and I want to do Compliance but most of these roles are for degree holders only.

I tried applying for KYC/CDD roles but most of these are just the outsourced name screening functions and only offer me 1.8k-2k citing that my experience is not relevant. Is it worth taking these roles if I want to go into compliance?
I am intending to quit my job too because I have to frequently OT and it's not suitable for me when I am studying part time.
I feel that name screening will soon be outsourced to countries such as India where the cost would be lower and not much learning potential I feel. But if you're determined to do KYC in the future, just keep applying and be open to contract jobs!
Reply With Quote
  #1339 (permalink)  
Old 30-06-2019, 09:16 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
just wondering for those switching to compliance without relevant exp, how much should I expect if I am taking a contract role? Will they take into account for my 2 years work exp or just treat me the same as a fresh grad?
If your 2 years work exp is relevant, I feel that it will make you an attractive candidate to hire. If it is not, the learning curve is gonna be steep and you might as well be a fresh grad
Reply With Quote
  #1340 (permalink)  
Old 01-07-2019, 07:32 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I feel that name screening will soon be outsourced to countries such as India where the cost would be lower and not much learning potential I feel. But if you're determined to do KYC in the future, just keep applying and be open to contract jobs!
I would like to do compliance eventually but I am still a diploma holder and most positions I see that are not name screening or alerts disposition are only available to degree holders.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
MAS for Mid Career Professionals Soul Companies 1806 Today 03:47 PM
How to enter middle office (KYC, Compliance, Risk Management) in bank ? ZoOq Income and Jobs 17 04-10-2017 09:56 AM
Income for IT Professionals sudoku Income and Jobs 10 24-10-2014 07:20 PM
what does corporate hr executives/professionals do? lmaohaha Income and Jobs 2 12-05-2012 06:03 PM
Professionals and Managers - Is Your Pay above the Median? Salary.sg Income and Jobs 174 04-10-2009 07:42 PM

» 30 Recent Threads
ITE Polytechnic Scheme ( 1 2 3... Last Page)
311 Replies, 369,406 Views
Career as Teacher ( 1 2 3... Last Page)
10,853 Replies, 6,671,423 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,322 Replies, 4,985,049 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,458 Replies, 784,826 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,330 Replies, 1,142,533 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,806 Replies, 1,045,463 Views
Why Is Having a Google Virtual...
1 Replies, 6,777 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,240 Replies, 3,399,905 Views
JP Morgan ( 1 2 3... Last Page)
199 Replies, 173,491 Views
GovTech ( 1 2 3... Last Page)
5,163 Replies, 2,164,886 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,050 Replies, 440,812 Views
Mining Industry ( 1 2 3... Last Page)
80 Replies, 74,522 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,340 Replies, 4,772,726 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
171 Replies, 309,595 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
680 Replies, 388,842 Views
Compare civil service salary ( 1 2 3... Last Page)
16,343 Replies, 12,458,270 Views
Lawyer Salary ( 1 2 3... Last Page)
21,015 Replies, 10,331,433 Views
ST Electronics ( 1 2 3... Last Page)
3,768 Replies, 1,545,471 Views
Is getting a PMP worth it ?
4 Replies, 7,174 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,729 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,903,587 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,436 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,657,650 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 814,037 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,835 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,325,082 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,828 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,375,797 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,928 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,739,141 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 04:54 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2