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08-09-2021, 04:39 PM
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Quote:
Originally Posted by Unregistered
Yeah I see where you are coming from, the private banking sector is quite good. Another factor to keep in mind is whether you want to be a specialist in a private bank compared to taking on more responsibility at a smaller setup.
If you have interest in the industry definitely consider the role. A significant bump would be more than 30% imo.
Trust your gut and good luck!
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Hi, may I seek your advice for your view on being a specialist in a big private bank versus a generalist in a smaller setup? For example, a smaller bank or boutique firm may have a lean team of just 5 - 10 compliance folks doing everything from account opening, periodic review, sow, transaction monitoring, policy & governance, monitoring and testing, etc. Guess one can have exposure to all these areas. Compared to a large bank where each of the function mentioned earlier have their standalone team that specialises in it.
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13-09-2021, 06:46 PM
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just got a job offer from another company so was wondering how do you all resign? Print out the letter and pass to your manager or just email manager and cc HR?
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13-09-2021, 08:54 PM
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hello. can anyone advise on how to get into compliance?
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13-09-2021, 10:38 PM
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Quote:
Originally Posted by Unregistered
hello. can anyone advise on how to get into compliance?
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no. just no
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14-09-2021, 09:33 AM
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Quote:
Originally Posted by Unregistered
just got a job offer from another company so was wondering how do you all resign? Print out the letter and pass to your manager or just email manager and cc HR?
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Yeah just write a standard letter and pass it to your manager. They will start counting your notice from the day you submit your letter.
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14-09-2021, 09:54 AM
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Quote:
Originally Posted by Unregistered
Hi, may I seek your advice for your view on being a specialist in a big private bank versus a generalist in a smaller setup? For example, a smaller bank or boutique firm may have a lean team of just 5 - 10 compliance folks doing everything from account opening, periodic review, sow, transaction monitoring, policy & governance, monitoring and testing, etc. Guess one can have exposure to all these areas. Compared to a large bank where each of the function mentioned earlier have their standalone team that specialises in it.
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Oops missed this, I prefer a generalist role in a smaller setup and some recruiters might tell you the same thing as well.
- for big banks, the role alot of the time is very specialized (e.g. sanctions) which means it's harder to move to other FIs.
- compliance is a huge cost centre and roles can get offshored or cut.
- you can learn more in a smaller FI which translates to many different skillsets. Some might think specializing is good but I feel someone who has a wide spectrum of knowledge in compliance is more valuable than someone who just specializes in one area.
With the above being said some people do like working in big companies where you have more structure, maybe more prestige and benefits etc.
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16-09-2021, 01:49 AM
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Hello, I just joined compliance role two months ago and I’m thinking of taking some courses, specifically ICA or ACAMS. Which is more recognised in SG? And I think I saw that ACAMS is IBF Level 2 so would I be able to take it with only 2 months of experience? To all those who took, how much did you all pay for it? Hope to get some help here, thanks!
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16-09-2021, 12:16 PM
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Quote:
Originally Posted by Unregistered
Oops missed this, I prefer a generalist role in a smaller setup and some recruiters might tell you the same thing as well.
- for big banks, the role alot of the time is very specialized (e.g. sanctions) which means it's harder to move to other FIs.
- compliance is a huge cost centre and roles can get offshored or cut.
- you can learn more in a smaller FI which translates to many different skillsets. Some might think specializing is good but I feel someone who has a wide spectrum of knowledge in compliance is more valuable than someone who just specializes in one area.
With the above being said some people do like working in big companies where you have more structure, maybe more prestige and benefits etc.
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Thanks for sharing - this is very insightful. Are you yourself in a generalist role in a smaller setup or a specialist in a larger setup now?
What factors would make it or break it for you - in terms of swaying your decision to move from a generalist to a specialist (as you mentioned you prefer the former)?
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16-09-2021, 12:57 PM
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Quote:
Originally Posted by Unregistered
Oops missed this, I prefer a generalist role in a smaller setup and some recruiters might tell you the same thing as well.
- for big banks, the role alot of the time is very specialized (e.g. sanctions) which means it's harder to move to other FIs.
- compliance is a huge cost centre and roles can get offshored or cut.
- you can learn more in a smaller FI which translates to many different skillsets. Some might think specializing is good but I feel someone who has a wide spectrum of knowledge in compliance is more valuable than someone who just specializes in one area.
With the above being said some people do like working in big companies where you have more structure, maybe more prestige and benefits etc.
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Agree with what you said. I am looking to go into generalist role but not willing to forgo working in a big company.
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