AML/Compliance/KYC professionals come in!

Originally Posted by Unregistered

Can a person with no relevant experience, other than difficult, get into compliance?
Or does he at least need to have compliance certification, before he can do compliance?

Not sure what you mean by 'other than difficult'.

But yes, a person with banking experience in other vaguely related functions has made the jump over to Compliance in the banking space. Strangely enough, I see a lot of Sales people managing to get into Compliance as well.

It never hurts to get some sort of certification. Take a look at ACAMS, it's affordable and very recognized. Not easy to pass though.

[simiishthis]

How easy is it for someone from internal audit to jump over to risk mgmt roles in a bank? Thinking of making the move to IA then eventually to some risk mgmt roles...

Originally Posted by simiishthis

How easy is it for someone from internal audit to jump over to risk mgmt roles in a bank? Thinking of making the move to IA then eventually to some risk mgmt roles...

Relatively easy compared to other functions. Make the jump to IA, you might not wanna move out.

Any idea which bank doing retail is in the south of singapore (probably harbour front or mapletree) and parks the transaction surveillience function there?

Originally Posted by unregistered

any idea which bank doing retail is in the south of singapore (probably harbour front or mapletree) and parks the transaction surveillience function there?

h sbc

[Hikaru]

Which certification is better? ICTA/ACAMS?

Currently only holds a polytechnic banking diploma and want to switch field from Securities dealing though. Intend to take one AML certification to help me improve my chance of getting into Compliance, though i know its not easy.

Originally Posted by Hikaru

Which certification is better? ICTA/ACAMS?

Currently only holds a polytechnic banking diploma and want to switch field from Securities dealing though. Intend to take one AML certification to help me improve my chance of getting into Compliance, though i know its not easy.

CAMS are a hell lot easier than ICA. IMO, both are pretty recognized. As a diploma holder, you are better off taking CAMS first and trying to get a foot into the Finance sector. ICA can come later on.

[Hikaru]

Originally Posted by Unregistered

CAMS are a hell lot easier than ICA. IMO, both are pretty recognized. As a diploma holder, you are better off taking CAMS first and trying to get a foot into the Finance sector. ICA can come later on.

Ic. Actually for ICTA i was contemplating on the Specialist Cert in Money Laundering Risk in Correspondent Banking. Costs wise its almost 40% cheaper than CAMS and i can use the govt credits for it. Been working as a dealer for 10yrs so seeking the change

Originally Posted by Hikaru

Ic. Actually for ICTA i was contemplating on the Specialist Cert in Money Laundering Risk in Correspondent Banking. Costs wise its almost 40% cheaper than CAMS and i can use the govt credits for it. Been working as a dealer for 10yrs so seeking the change

ICTA need to have dip level. i.e IBF Level 2, then it will be recognised. I also agree with the other guy that CAMS is a better alternative.

Originally Posted by Hikaru

Ic. Actually for ICTA i was contemplating on the Specialist Cert in Money Laundering Risk in Correspondent Banking. Costs wise its almost 40% cheaper than CAMS and i can use the govt credits for it. Been working as a dealer for 10yrs so seeking the change

That cert is extremely specialized. Correspondent banking is just a small subset within the AML space. If it's free aka govt credits, go for it. But it will not open any additional doors you, imo.