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Old 12-06-2015, 09:29 PM
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Default SIM RMIT cant find job

Hey guys,
I graduated with Econ and Fin, cant find job.
I wanted to enter compliance, ive been applying like crazy, still no luck.
Any suggesstions??

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Old 12-06-2015, 11:47 PM
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Originally Posted by merlosewin View Post
Hey guys,
I graduated with Econ and Fin, cant find job.
I wanted to enter compliance, ive been applying like crazy, still no luck.
Any suggesstions??
No interview means something wrong with ur resume. Ask help from career advisor or ppl who are experienced. Tok to ppl in the industry to find out what kind of candidates they are looking for.

Fail interview means ur interviewing skill cannot make it. Seek help from career advisor also. Prepare what u wan to say during the interview. know ur resume inside out. Research about the company and the industry.

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Old 13-06-2015, 12:25 AM
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Originally Posted by merlosewin View Post
Hey guys,
I graduated with Econ and Fin, cant find job.
I wanted to enter compliance, ive been applying like crazy, still no luck.
Any suggesstions??
why compliance? U can try compliance ops if u r so desperate

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Old 13-06-2015, 07:53 AM
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Originally Posted by merlosewin View Post
Hey guys,
I graduated with Econ and Fin, cant find job.
I wanted to enter compliance, ive been applying like crazy, still no luck.
Any suggesstions??
Perhaps it is also due to the simple fact that compliance is a very hot sector right now where the banks have a lot of good experienced candidates to choose from. If you are just one of the many fresh grads with no experience and bland resumes, the hiring managers may not care that much. They have plenty of bigger and tastier fish to fry.
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Old 13-06-2015, 12:14 PM
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Originally Posted by merlosewin View Post
Hey guys,
I graduated with Econ and Fin, cant find job.
I wanted to enter compliance, ive been applying like crazy, still no luck.
Any suggesstions??
Banking MO compliance type SIM grad is just wasting time applying, they will just thrash your cv straight. Be more realistic in your goals, try to go for similar BO or OPS level job chances maybe higher.
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Old 13-06-2015, 03:08 PM
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why does every single SIM grad want to work in a bank?
if you widen your search beyond banks, there are many more opportunities for you.
seems like youngsters nowadays have very limited interests.
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Old 13-06-2015, 05:31 PM
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why does every single SIM grad want to work in a bank?
if you widen your search beyond banks, there are many more opportunities for you.
seems like youngsters nowadays have very limited interests.
Do a search on linkedin. How many freshies these days are rushing for jobs in banks. Be it settlements / clearing/ trade support/ cash and payments/ data mgt/ compliance ops/ aml and kyc ops and etc.. they are contented for as long they are able to put the bank name into their CV and label themselves "Analyst, Tan Ah Kow Investment Bank PLC" lol.
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Old 13-06-2015, 09:08 PM
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Do a search on linkedin. How many freshies these days are rushing for jobs in banks. Be it settlements / clearing/ trade support/ cash and payments/ data mgt/ compliance ops/ aml and kyc ops and etc.. they are contented for as long they are able to put the bank name into their CV and label themselves "Analyst, Tan Ah Kow Investment Bank PLC" lol.
Funny thing is industries like oil & gas, luxury goods, property finance and even certain life science / pharma niche are able to pay higher salary & bonus than banks, but you hardly hear any of these freshies rushing for them. Instead all like sheeps going for all sorts of low paying MO/BO banking jobs or big4 associate types.
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Old 13-06-2015, 09:49 PM
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Funny thing is industries like oil & gas, luxury goods, property finance and even certain life science / pharma niche are able to pay higher salary & bonus than banks, but you hardly hear any of these freshies rushing for them. Instead all like sheeps going for all sorts of low paying MO/BO banking jobs or big4 associate types.
I work in a bank specifically in the compliance function (aml focused and other general compliance like licensing, etc).. TBH, like several posters mentioned here, TS might want to consider all other options carefully.... Yes, compliance is the "hot" thing now but not for freshies. No banks will want to pay you above the market average just to rope you in.. even if they do, don't be expecting sky high package (2.7-3.2K on avg for freshies).. Though my employer is paying me pretty okay considering I only have barely 2yrs of exp (about 65K p.a total). The thing is, I got lucky knowing the "right" people when serving my contract job during my holidays...

Okay let's not talk about me... Long gone are the glory days of banking.. Yes, banking still pays better across the board as compared to other industries but the difference can be negligible considering the workload, volume, stress and volatility, bla bla. Esp in the area of compliance, the entry levels are stupidly dull and boring. The amount of exposure and skillsets you can pick up heavily depends on your managers and senior staffs whether they want to "impart" you with the knowledge or not...

Dear RMIT freshie, i've seen many ppl came along wanting to make a mark for their own and end up crashing out before anything could hpn... There are many greener pasture out there.. I could tell you at entry levels, compliance (or i would coined it as compliance aml/cft ops) is forming a bubble.. Look at that few banks in Changi biz park and the number of people they employ / poaching from.. When the bubble burst, its gonna hit everyone really hard...
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Old 13-06-2015, 11:27 PM
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Pardon me, but personally I find compliance work to be extremely boring with a lot of reading and interpreting of what is usually poorly worded and ambiguous regulation. Sure, it pays well but that is for existing experienced folks as banks are scrambling to meet implementation timeline amidst a current personnel shortfall. When they are done implementing or are comfortable with the changes, all you freshies are going to be left high and dry when they cut the excess. Transferability of skill is limited as regulations change. You are only 'hot' when you are knowledgeable and involved with the new changes, i.e. if you are some washed out old compliance guy that have been out of market for years, they won't be interested in you.
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