AML/Compliance/KYC professionals come in!

hi guys,

I just received a contract job offer for a role in trade surveillance and was wondering if I should accept the offer. From the interview, i understand that it is primarily to look at trade pattern and identify suspicious behavior. The scope also includes working with front office to understand the trade executed as well as work with regulator query and stuffs like that. I just graduated from local uni and job is relatively scarce for fresh grad at this point of time so i am wondering if i should accept the offer and stay employed at the moment or should i wait for the outcome of other completed interview (audit role and both foreign and local bank ops role)?

I am hoping to find out more bout the role, learning and any progression for the role from experienced peers in the financial industry. thanks in advance!

Originally Posted by Unregistered

hi guys,

I just received a contract job offer for a role in trade surveillance and was wondering if I should accept the offer. From the interview, i understand that it is primarily to look at trade pattern and identify suspicious behavior. The scope also includes working with front office to understand the trade executed as well as work with regulator query and stuffs like that. I just graduated from local uni and job is relatively scarce for fresh grad at this point of time so i am wondering if i should accept the offer and stay employed at the moment or should i wait for the outcome of other completed interview (audit role and both foreign and local bank ops role)?

I am hoping to find out more bout the role, learning and any progression for the role from experienced peers in the financial industry. thanks in advance!

If this is one of the bigger banks, I would recommend for you to accept the offer, and do well in the job, while looking internally, for a permanent positions. Most bigger banks are very receptive towards converting contract staff to permanent staff and there are plenty of opportunities for conversion, even for a fresh graduate.

You should be open to your boss, highlight that you are earnest to learn but express that you are concerned about job security. After you have joined the bank (don't ask now, ask after you have joined), try to understand the possibility of being converted to a permanent staff (is there no headcount approved or the boss is in the progress of obtaining headcount approval?). If there is very low possibility of being converted, let him/her know that you are keen to explore internal permanent positions, after a year. Most hiring managers knows that most contract staff are looking for an internal permanent positions, so he/she won't be shocked by your request. Nobody expects a contract staff to stay contract for a long period of time.

If you are in a big bank, it is easier to apply internally for an internal audit role after a few years. It is possibly better than joining one of the big 4, because you cannot decide where you are auditing. You can be assigned to audit banks but you can also be assigned to audit factories, in Jurong.

this is a forum to help each other..

there will always be keyboard warriors, and there will always be people who are crude and tactless as well..

no point asking admin for a fee to identify the IP and etc.. im very sure a mid level hiring manager in compliance would not have the actual time to do such a thing.. why even bother..

not saying the person who flamed or irritated u is right..

just saying, in life we should learn to prioritize our energy into the things that demand it.. eg family, loved ones.. this will also help u in managing office politics

Hi, not sure if you guys Remb me - in may I seek advise about joining American bank ops team - now after 6 months I CANT WAIT to get another job elsewhere. Reasons are - almost every weekend must come back. public holidays and Monday are asked to come back.
When I said I can't, the manager becomes upset. I remember getting a what's app msg from manager to see if I have landed in sg after my holidays. Pls think twice if anyone keen on operations.

Hi,
Is it better to take ICA or ACAMS or any others?

[gwk]

Originally Posted by Shenry

Hi, not sure if you guys Remb me - in may I seek advise about joining American bank ops team - now after 6 months I CANT WAIT to get another job elsewhere. Reasons are - almost every weekend must come back. public holidays and Monday are asked to come back.
When I said I can't, the manager becomes upset. I remember getting a what's app msg from manager to see if I have landed in sg after my holidays. Pls think twice if anyone keen on operations.

What role is this? KYC remediation?

Originally Posted by Shenry

Hi, not sure if you guys Remb me - in may I seek advise about joining American bank ops team - now after 6 months I CANT WAIT to get another job elsewhere. Reasons are - almost every weekend must come back. public holidays and Monday are asked to come back.
When I said I can't, the manager becomes upset. I remember getting a what's app msg from manager to see if I have landed in sg after my holidays. Pls think twice if anyone keen on operations.

BAML? I was there 2 years back and looks like the culture hasn't change! Anyhow nobody warned you? KYC Operations in most banks are late hours but weekends are unheard of.

Originally Posted by gwk

What role is this? KYC remediation?

The name itself sounds very operational and tiresome in nature. 6 months is too short. Would advise you to stay least a year before moving on.

[Sukjiaomoh]

Anyone here has any information about compliance role in JP Morgan Sg?

Originally Posted by Sukjiaomoh

Anyone here has any information about compliance role in JP Morgan Sg?

What information you need? From what I know it is another bleed till dry bank - Long hours.
But pays above market rate.