choosing offer. need advice

Originally Posted by Unregistered

JPM entry analyst should be 6k+

Hahaha ya sure, 6k for ENTRY lvl kyc analyst. I heard analyst at jp with 5 yrs exp r drawing 700k p.a n their director lvls r drawing 1 billion each yr

[issey]

Originally Posted by Unregistered

Well, what is the job scope? Well, there are certain areas in compliance that are obviously more in demand than the others.

I manage to get the JD for both jobs.
The compliance in HL seems very generalise.

Need advice which will be the better path.

Compliance in HL:

manage compliance and AML.
contact point for MAS and CAD.
assist in design and deliver compliance and AML training.
monitor, investigate, and file suspicious transaction reports to CAD and MAS.
Help team with impact and gap analysis between regulations and bank's policies and procedures, coupled with corrective action plans and recommendations to management.
Follow-up may be done via VP.
Advise on regulations to strengthen compliance program.


KYC in JP:

Manage the client on-boarding (including KYC) process for Existing clients
Liaise with Sales/Relationship Managers or Client to obtain information
and documentation as required by Corporate and Local Due Diligence standards
Timely review of client’s KYC record for accuracy / completeness / compliance with AML, Regulatory, CIP and Ownership requirements
Identify and communicate outstanding requirements or potential issues to stakeholders in a timely manner
Validate all documentation uploaded into the KYC tool
Manage outstanding pipeline, requests from Sales/Relationship Managers, and maintain set weekly targets
Perform root cause analysis and identify solutions and best practices
Ensure KYC policies and procedures are accurate and comply with regulatory
requirements
Evaluate & monitor the impact of Industry and JPM changes to development
implementation strategy to minimize distribution in day to day activities
Assist in identifying requirements for new KYC Platform

Hi Issey,

Just interested to find out. What was your previous job and what degree did you attain?
Thanks.

For me there is no reason to hesitate. You are talking about not just a US bank, its a globally known investment bank. You can have a lot more connections which can lead to jobs with even more learning. You need not stay at JPMorgan for 10 or 20 years, but with 5 years under your belt you can apply to many more companies than what Hong Leong has to offer.

[issey]

Originally Posted by Unregistered

For me there is no reason to hesitate. You are talking about not just a US bank, its a globally known investment bank. You can have a lot more connections which can lead to jobs with even more learning. You need not stay at JPMorgan for 10 or 20 years, but with 5 years under your belt you can apply to many more companies than what Hong Leong has to offer.

I had assumed that being in the compliance department would slingshot me faster in my career progression, as I will be learning more, compared to the other.

But perhaps I had underestimate that being in a globally known investment bank will be better and faster instead.

firstly,

KYC analyst is an entry level position. The title 'Analyst' is given to freshies.

secondly,

Despite Hong Leong asst mgr position, JPM should be paying you more for the analyst role as compared to Hong Leong.

thirdly,

JPM is in the top 10 IB chart for 2013/2014 financial year. you want to be paid a premium in future say, after leaving your next company, JOIN JPM.

[issey]

Originally Posted by Unregistered

Hi Issey,

Just interested to find out. What was your previous job and what degree did you attain?
Thanks.

My previous job was client service assistant manager in one of the international bank handling client transaction and service needs for biz development team, my last job that lasted 3 months was in a jap bank doing kyc review in deposit dept.

Hands down choose JPM, why are you even asking this question?

JPM is a global top investment bank! doing KYC there beats doing it anywhere else.

If you did not choose JP Morgan, I will bang my head on the wall.

I went there for interview as Compliance analyst but I did not get past the 2nd round.

Interview was at Changi business park, Indian chap interviewed me.