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Topic Review (Newest First)
21-09-2021 10:30 PM
Unregistered Anyone has taken ICA Level 1(advanced certificate)? How much did you all pay for it?
19-09-2021 09:46 PM
Unregistered If you already have ACAMS + pass the sg aml regime exam, will you still take the ICA diploma in aml? Like same thing.
19-09-2021 01:01 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
i just paid 3999.51 sgd for ACAMS

Are you new to the industry or have been working for a few years already? I saw on the website that itís $1990 but not sure what it covers. Emailed them to ask but no reply yet.
17-09-2021 05:16 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Wanna know the same thing too!
i just paid 3999.51 sgd for ACAMS
17-09-2021 12:09 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Hello, I just joined compliance role two months ago and Iím thinking of taking some courses, specifically ICA or ACAMS. Which is more recognised in SG? And I think I saw that ACAMS is IBF Level 2 so would I be able to take it with only 2 months of experience? To all those who took, how much did you all pay for it? Hope to get some help here, thanks!

Wanna know the same thing too!
16-09-2021 05:05 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Thanks for sharing - this is very insightful. Are you yourself in a generalist role in a smaller setup or a specialist in a larger setup now?
What factors would make it or break it for you - in terms of swaying your decision to move from a generalist to a specialist (as you mentioned you prefer the former)?
If you ask me there's almost no reason to stay in specialist roles for a long period (2-3 years), the only progression is a Team Lead or Head role, but such roles are very limited. Try to move to a broader role or advisory role as soon as you gain sufficient experience.

Was from a big setup, currently at a smaller setup doing a generalist role. If an opportunity presents itself in a good company and growing industry, e.g. Fintech, asset management, electronic trading etc definitely go for it. Pay is good, more breadth of experience, way lesser chance of getting retrenched/offshored. Downside is less "prestige" but that's about it.
16-09-2021 12:57 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Oops missed this, I prefer a generalist role in a smaller setup and some recruiters might tell you the same thing as well.

- for big banks, the role alot of the time is very specialized (e.g. sanctions) which means it's harder to move to other FIs.
- compliance is a huge cost centre and roles can get offshored or cut.
- you can learn more in a smaller FI which translates to many different skillsets. Some might think specializing is good but I feel someone who has a wide spectrum of knowledge in compliance is more valuable than someone who just specializes in one area.

With the above being said some people do like working in big companies where you have more structure, maybe more prestige and benefits etc.
Agree with what you said. I am looking to go into generalist role but not willing to forgo working in a big company.
16-09-2021 12:16 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Oops missed this, I prefer a generalist role in a smaller setup and some recruiters might tell you the same thing as well.

- for big banks, the role alot of the time is very specialized (e.g. sanctions) which means it's harder to move to other FIs.
- compliance is a huge cost centre and roles can get offshored or cut.
- you can learn more in a smaller FI which translates to many different skillsets. Some might think specializing is good but I feel someone who has a wide spectrum of knowledge in compliance is more valuable than someone who just specializes in one area.

With the above being said some people do like working in big companies where you have more structure, maybe more prestige and benefits etc.
Thanks for sharing - this is very insightful. Are you yourself in a generalist role in a smaller setup or a specialist in a larger setup now?
What factors would make it or break it for you - in terms of swaying your decision to move from a generalist to a specialist (as you mentioned you prefer the former)?
16-09-2021 01:49 AM
Unregistered Hello, I just joined compliance role two months ago and Iím thinking of taking some courses, specifically ICA or ACAMS. Which is more recognised in SG? And I think I saw that ACAMS is IBF Level 2 so would I be able to take it with only 2 months of experience? To all those who took, how much did you all pay for it? Hope to get some help here, thanks!
14-09-2021 09:54 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Hi, may I seek your advice for your view on being a specialist in a big private bank versus a generalist in a smaller setup? For example, a smaller bank or boutique firm may have a lean team of just 5 - 10 compliance folks doing everything from account opening, periodic review, sow, transaction monitoring, policy & governance, monitoring and testing, etc. Guess one can have exposure to all these areas. Compared to a large bank where each of the function mentioned earlier have their standalone team that specialises in it.
Oops missed this, I prefer a generalist role in a smaller setup and some recruiters might tell you the same thing as well.

- for big banks, the role alot of the time is very specialized (e.g. sanctions) which means it's harder to move to other FIs.
- compliance is a huge cost centre and roles can get offshored or cut.
- you can learn more in a smaller FI which translates to many different skillsets. Some might think specializing is good but I feel someone who has a wide spectrum of knowledge in compliance is more valuable than someone who just specializes in one area.

With the above being said some people do like working in big companies where you have more structure, maybe more prestige and benefits etc.
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