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02-10-2016, 11:45 AM
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Hi All,
I'm thinking of making a career switch to compliance, looking more at AML. I've graduated from SIM a year ago with a Business degree and I don't see a clear progression in the field that I am pursuing.
Anyone here can advise on a typical day of a Compliance Officer and a prudent assumption on the career prospects for this role for someone with zero knowledge in this field?
Appreciate your valuable responses!
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10-10-2016, 03:05 AM
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Quote:
Originally Posted by Unregistered
What are the differences between compliance and AML? AML is a subset of compliance no?
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Yes, AML is a subset of compliance. Under compliance, there are still sanctions, regulatory, monitoring/testing, advisory units.
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12-10-2016, 03:17 PM
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Any UOB /HSBC / OCBC VP here? can share what's your salary ?
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12-10-2016, 04:56 PM
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Quote:
Originally Posted by Unregistered
Any UOB /HSBC / OCBC VP here? can share what's your salary ? |
HSBC VP (actually equivalent to a AVP in other banks) = $6000 to $10000+ depending on appointment and seniority.
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12-10-2016, 05:25 PM
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Quote:
Originally Posted by Unregistered
HSBC VP (actually equivalent to a AVP in other banks) = $6000 to $10000+ depending on appointment and seniority.
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Ya read that HSBC's rank rather inflated. 6k-10k rather wide range..Sound so glamorous but might be a 6k VP nia
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12-10-2016, 08:10 PM
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Quote:
Originally Posted by Unregistered
Ya read that HSBC's rank rather inflated. 6k-10k rather wide range..Sound so glamorous but might be a 6k VP nia
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How many years of exp do u need to become vp in hsbc?
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13-10-2016, 11:16 AM
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Quote:
Originally Posted by Unregistered
How many years of exp do u need to become vp in hsbc?
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There are many people with 3 years of experience holding the AVP title, and 5 years experience holding VP titles. Of course, 5 will be the minority few that had exceptional performance reviews. Typically will be 6-7 years to be VP in HSBC. Compared to the real VP titles in other banks that require 10+ years of exp.
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13-10-2016, 11:32 AM
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Quote:
Originally Posted by Unregistered
There are many people with 3 years of experience holding the AVP title, and 5 years experience holding VP titles. Of course, 5 will be the minority few that had exceptional performance reviews. Typically will be 6-7 years to be VP in HSBC. Compared to the real VP titles in other banks that require 10+ years of exp.
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In HSBC, next rank after VP is SVP, whereas places like local bank, it is like VP1, next up is VP2....still a VP
Well I do know ppl who are still AVP equivalent with 10 years exp
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13-10-2016, 12:06 PM
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Quote:
Originally Posted by Unregistered
In HSBC, next rank after VP is SVP, whereas places like local bank, it is like VP1, next up is VP2....still a VP
Well I do know ppl who are still AVP equivalent with 10 years exp
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I have 4 years experience and still an analyst..with bonus average 6.5k monthly.
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