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19-08-2016, 07:25 AM
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Seeking Advice.
Hi All,
I been doing KYC over 3 years but not getting any progression and drawing only 3k pay.
Everyday OT gao gao work until 8PM saturday come back half day work until no life.
Hitting a Wall in a long hour lousy job with no progression sian to the max.
Anyone have any kind advice for me?
Thank you.
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19-08-2016, 08:14 AM
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Quote:
Originally Posted by Unregistered
Hi All,
I been doing KYC over 3 years but not getting any progression and drawing only 3k pay.
Everyday OT gao gao work until 8PM saturday come back half day work until no life.
Hitting a Wall in a long hour lousy job with no progression sian to the max.
Anyone have any kind advice for me?
Thank you.
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What is your qualification, perm or contract?
What is your daily role about?
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19-08-2016, 09:42 AM
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Quote:
Originally Posted by Unregistered
Well yes, definitely I think I am one of the lucky ones. I know many of my previous colleagues who are still struggling. This is an overrated industry that somehow many think is attractive. But they dont know the reality.
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This is not me. You can ignore these statements.
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19-08-2016, 09:46 AM
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Quote:
Originally Posted by Unregistered
Do you think you're an outlier/high flyer? I don't think most ppl's career in AML goes as smoothly as yours
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I am definitely not a high flyer. I have a degree in Banking & Finance from an Aussie uni but no honors or masters, not a dean lister etc. No professional qualifications yet as well, but am in the midst of studying for CAMS.
To be honest, it really goes down to finding the right time and opportunity to jump, and jump often. If I have to point out my strongest skillset, I have to say it's my interviewing skills more than anything technical or work related.
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19-08-2016, 09:49 AM
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Quote:
Originally Posted by Unregistered
Actually what do you doing in KYC/AML advisory?
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Being the point of contact in the Compliance team for the Due Diligence team as well as Business, on all issues related to KYC and AML.
They usually present complex situations, and my job is to analyst, dissect and ask the right questions, pointing them in the right direction and prescribing a risk based approach to take for the situation.
In a nutshell, the bulk of what my team does.
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19-08-2016, 09:51 AM
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Quote:
Originally Posted by Unregistered
Then may I ask wat r your previous colleagues doing now? Still at analyst / associate lvl doing more ops aml / kyc roles? Guess u gotta know the right ppl to rise up
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The bulk of my ex colleagues from the KYC domain are still within the KYC space, in one form or another. Most of them have risen up to senior analyst or assoc roles, though we don't really talk about those kinda stuff when we meet up. Sensitive.
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19-08-2016, 10:36 AM
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Quote:
Originally Posted by Unregistered
I am definitely not a high flyer. I have a degree in Banking & Finance from an Aussie uni but no honors or masters, not a dean lister etc. No professional qualifications yet as well, but am in the midst of studying for CAMS.
To be honest, it really goes down to finding the right time and opportunity to jump, and jump often. If I have to point out my strongest skillset, I have to say it's my interviewing skills more than anything technical or work related.
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Agree..technical skills can be trained.
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19-08-2016, 10:41 AM
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Quote:
Originally Posted by Unregistered
Differs from bank to bank. Some banks have dedicated client management teams that deal exclusively with the acquisition of documentation (KYC, legal, credit etc.) from the client. Some banks put the responsibility on the KYC operational team to get these documents from the client.
I have never heard of Compliance personnel being tasked for such matters. Pretty sure it's a clash in mandate. Compliance is strictly internal and not supposed to be client facing in any form.
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Thanks for sharing.
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19-08-2016, 11:59 AM
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Quote:
Originally Posted by Unregistered
Differs from bank to bank. Some banks have dedicated client management teams that deal exclusively with the acquisition of documentation (KYC, legal, credit etc.) from the client. Some banks put the responsibility on the KYC operational team to get these documents from the client.
I have never heard of Compliance personnel being tasked for such matters. Pretty sure it's a clash in mandate. Compliance is strictly internal and not supposed to be client facing in any form.
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Why is there a clash in mandate for compliance?
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