| 18-12-2024 11:05 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Don't think it's a good field now honestly, suggest to look to another function. Think even business compliance/HR is better.
Been in AML, TM first then KYC team lead across 12 years. Just got laid off. Story of the market is that compliance is easily outsourced (less skill involved and largely information processing). > half of my team's getting outsourced to low cost locations (in my intnl bank: to Philippines). Ex colleagues' banks outsourcing compliance function outsourcing to India.
Quite rattled however still getting interviews albeit in non compliance roles and slight haircut due to extensive IT exp and background handling dataset projs
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Not true. KYC may be easily outsource-able, but getting into compliance /managerial-checker roles changes the ballgame... Also sanctions teams of most banks is a good niche to get into and pays well.
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| 18-12-2024 10:52 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Hello I am interested in entering KYC role. Can anyone tell me about what a day in the life of an entry level KYC analyst is like in DBS/OCBC/UOB? Thank you. Also any tips on how to prepare for interview would be much appreciated
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Don't think it's a good field now honestly, suggest to look to another function. Think even business compliance/HR is better.
Been in AML, TM first then KYC team lead across 12 years. Just got laid off. Story of the market is that compliance is easily outsourced (less skill involved and largely information processing). > half of my team's getting outsourced to low cost locations (in my intnl bank: to Philippines). Ex colleagues' banks outsourcing compliance function outsourcing to India.
Quite rattled however still getting interviews albeit in non compliance roles and slight haircut due to extensive IT exp and background handling dataset projs
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| 10-12-2024 07:22 PM |
| Unregistered |
peepur do kyc, name screening, aml alerts call oneself compriance
compriance peepur not lawyers cannot advise on real matters
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| 10-12-2024 08:23 AM |
| loony |
hi, the ACAMS exam is covered by skillfuture ? Any
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| 06-11-2024 06:18 PM |
| Unregistered |
Hello I am interested in entering KYC role. Can anyone tell me about what a day in the life of an entry level KYC analyst is like in DBS/OCBC/UOB? Thank you. Also any tips on how to prepare for interview would be much appreciated
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| 25-06-2024 08:40 AM |
| Unregistered |
Quote:
Originally Posted by Unregistered
not looking good.... everything moving to india..... cheap cost and produce same or even better quality work.....
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mind to further elaborate? does this apply to all aml roles? i believe for kyc/ops/cdd roles they are increasingly moved to lower cost locations. However, for some 2nd line roles such as investigations (STR filing), advisory and testing which are more value-adding still retains in sg
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| 24-06-2024 11:04 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Hi fellow aml/kyc/compliance folks. Anyone in the market recently and secured offers? How is the market doing in terms of compensation recently?
Have 6-7 years of total working experience in this space, looking at avp level roles in 2nd line (tm, testing, edd, advisory)
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not looking good.... everything moving to india..... cheap cost and produce same or even better quality work.....
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| 24-06-2024 10:25 PM |
| Unregistered |
Hi fellow aml/kyc/compliance folks. Anyone in the market recently and secured offers? How is the market doing in terms of compensation recently?
Have 6-7 years of total working experience in this space, looking at avp level roles in 2nd line (tm, testing, edd, advisory)
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| 03-06-2024 12:41 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
deputy lead role (or better yet - individual contributor), open to the JD across testing, advisory, investigations, etc.
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But what's your current experience in? Guessing 6-8 years? Based on your comment im getting the feeling you're in 2nd line account opening role at a big bank. If so, its unlikely you'll get a VP role at a smaller outfit which requires a far broader range of experience, including regulatory liaison.
If your background is on policy/governance, your probably can get a VP role at a shitty bank.
There's just too many folks with 5-10 years 2nd line experience doing BAU stuff like account opening / periodic review / investigations. If you have leadership experience it'll improve your odds.
VP at a bigger bank in a BAU role is possible, especially if hiring bank has recently re-orged. I think asking for 140k would be feasible if such a role requires managing people.
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| 03-06-2024 08:35 AM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Tell us about your experience and what VP role you're looking at....???
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deputy lead role (or better yet - individual contributor), open to the JD across testing, advisory, investigations, etc.
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