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Anti Money Laundering Analyst, with Citigroup Transaction Services
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LostWanderer
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Feb 17 2011, 10:36 PM
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not to sound snobbish, but...there are a few posts on this job already been made in this forum...i copied and pasted what i posted a couple of months ago...you could try searching from the archives maybe next time...? =) anyway, to your question:
workwise, is pretty mundane...but which job isn't i guess? thing's aren't that hard to do, really, but it's just tedious (takes about 1 week to learn, 1 month to get used to, and you should be able to walk on your own from there on)
working hours...the earlier you come in, the earlier you can leave...new hires are new hires, so, you can come in at 9am and leave by 6...for around 2 months max, i guess...lol
otherwise, you'll consider yourself lucky if you come in at 8am and could leave by 7pm...lol, i pity some of my seniors which during the due date of our workload and they will need to stay till near midnight to finish the work
employee turnover rate quite high, prolly 2 person leaving every 3 months, on average...it's kinda like this, either u stay for 1 year, many years, or a few months, if u get what i mean, lol...
what else...oh, people are quite nice i guess, but you rarely get to interact around as work will bind you most of the time, except during lunch hour, haha...however, just make sure that you do your work and meet your targets and do it "perfectly" and you should have a pretty ok time there (except that you may feel that you are really tied to your work, lol)
job opportunities after getting in here? i think some had already stated, compliance being the most clearly defined job out there...i am also quite in a dilemma at this point that if i leave, which job should i find, lol...this field is pretty "self-defined"...so, it'll be hard for fresh grads to know where to go if they dun like this field of work...XD
hope that helps...=)
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LostWanderer
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Feb 17 2011, 11:01 PM
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interview is just pretty simple...the only thing u need to read up is...what is and why AML operations existed...just get the basics up, a quick search on wikipedia\google would do as well
as for auditors...their work are much tougher...and more longer hours...lol
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LostWanderer
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Feb 18 2011, 06:19 AM
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as a matter of face...for the pay...during my time of entree is still pretty good...however, during the month of august or later, they cut down the salary most likely due to rapid expansion of the team
well, as for being hell...not so much comparing to an auditor's life...the hellish thing most probably is due to the amount of workload + it's just mundane...however, most of the time, the task is simple...if you got yourself a hard task...you will take your time to complete that, which is just bad for your productivity...lol
there is bonus, how much is it i dunno, but to qualify, u will need to work more than a year before january comes...and from what i heard...the bonus for this year is just really bad though...but for the past few years was good...i dunnno...just seems so polar opposite on which to believe, XD
dell or agilent...which job is recommended? not to say goyang kaki or what...but, just basically a good career path and an interesting day to day job will be good...haha
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LostWanderer
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Feb 20 2011, 08:10 AM
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lol, well, they did indeed cut down the salary during august or so...due to the mass expansion...and some team leaders are acting like zzz, which makes their staff dun like them too...lol, good luck if you are with that team...XD
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LostWanderer
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Feb 22 2011, 06:28 AM
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i pretty much feel that you do sound pretty bitter working here...u noticed that didn't ya?
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LostWanderer
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Feb 22 2011, 11:14 PM
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well, to be quite honest, experience is pretty limited...but i think the most important thing u learn here is to be extra particular at things you are working on...kinda like try your best to clean every speck of dust on sight...or at least sweep them under the carpet if u are unable to do so...XD
well, as for saturdays, most team leaders will use the word compulsory working day...so, if u are asked to come, u should come...notice that i didn't use a must...because if some unexpected urgent-important things come up, u will not be able to work la of course
i know that most departments are practicing a minimum of 2-3 saturdays...and the final 1 saturday...depends on which team u are on i guess...XD
hope u enjoy your stay, all the best
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LostWanderer
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Feb 24 2011, 09:01 PM
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as for allowance...some team leaders practice different ways of giving it...
but in short, there will be allowance if u complete your work and stay on the required (minimum) working hours to qualify for it
on weekends - rm 100 for 4 hrs on weekdays - +3hours and u will only be able to claim it when the clock strikes 9pm
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LostWanderer
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Feb 25 2011, 06:18 AM
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for minimum qualifications, you just drop in your resume and see whether are you called up...who knows, u may get the interview
@ rainie...just read this whole thread for your questions...the answer is there
This post has been edited by LostWanderer: Feb 25 2011, 06:18 AM
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LostWanderer
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Feb 26 2011, 10:24 PM
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if u are fast enough...and have minor rejected case due to that, u rarely need to stay past 7pm
otherwise, u come early can leave earlier too
it also depends on which division you are put into...but most team leaders dislike it if u dun finish close to your target but left for home...at least try to come in early to leave for home early
u can also set a time for yourself to go home, as in like if u dun like to work past 8pm, u try to make yourself leave by 8pm lo
the only time that you should not leave that early is when your department are closing cases for the month...you should only leave when your cases are cleared...if u leave before your cases are cleared, someone else is gonna pick your cases up to rectify them...it could be small, it could be big...just depends on how u did the case...this happens only once a month tho, and sometimes it just depends how early your case loads are being cleared
probation period is 6 months, however, u most likely will have the privilege of a newbie for about 1~2mths at most
newbie privilege = come in at 9am, leave by 6
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LostWanderer
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Mar 7 2011, 10:56 PM
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if u believe you got a good job prospect coming up...and u like that job, i recommend u to just go for the interview...afterall, it's your future anyway...lol
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LostWanderer
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Mar 8 2011, 07:10 PM
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@ Enclave
well, i'm here fore 1year already...and by the time i resign will add another 2 months to my working date...i had plans to leave when i hit my 1 year here though (since the day i joined), but i'm in no rush to leave...as in like i would like to join a company which pays comparable if not better salary and also, a well known mnc company...hopefully...lol
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LostWanderer
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Mar 12 2011, 04:57 PM
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well, i don't think anyone was asking for 25~30% within the company after they had been there for 1 year, at least none that i know of...
of course, if i were to jump company, i do hope that i will get a 20~30% raise instead of a paycut, lol...
on what u meant that when your 12 months is up, i'll assume that u will resign when u reach ur 1st year + 2 months of notice, a total of 14 mths perhaps?
well, i hope u do get a job before doing so...=), same here, i'll get a job before resigning...obviously a better one with a higher pay and better job prospect...hopefully...XD
This post has been edited by LostWanderer: Mar 12 2011, 04:58 PM
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LostWanderer
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Mar 12 2011, 08:50 PM
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lol, even if u dun get a job by the end of 14 mths employment, u are quitting? that's bold...really, lol
thanks for your well wishes, hope the same for ya too...and seriously, most of the jobs will not really let u off by 6pm in malaysia...XD
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LostWanderer
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Mar 13 2011, 08:23 AM
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well, not really on that fact, but, if u quit your job while u don't have an existing one...
1) you lose bargaining power with your new employer
2) it's ironic, but also, it's harder for you to find a job...especially if u don't get a new job asap
anyway, civil service = gov based job?...well, not really what i'm looking for...are you?
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LostWanderer
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Mar 13 2011, 10:05 AM
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well, that's true too, but out there, there are ppl who can work only with a 3 month notice period, and they are willing to wait if that person is "that" good...so, i guess your friend could just be as good as the other person i guess?...and also, some companies would opt to buy u out too if you are really that important...so...
well, of course, you can't have only 1 face of the coin, but i do believe that if u keep your job while hunting for a newer one will benefit you more in comparison to when u quit only u find a new job, your choice though...you could also survey with other colleagues and ask their opinion as well...but most fresh grads don't know the dangers of quitting before finding for a new job...of course, there are lucky ones which are able to get a better job after quitting then apply, but who knows bout your luck, right?XD
well, i don't really hope for an "easy" job lifestyle, i just hope that i could "enjoy" my job, gain useful experiences and have a decent salary for it...lol
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LostWanderer
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Mar 15 2011, 08:24 PM
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seriously workbook, it's not your maths, but it's the way you think...not everyone thinks like you do, so there will be a difference in how one thinks...but i must say that i too don't sit on your bench this time
when you open up with those experiences of yours, well...it's not totally wrong, but it's not right as well...it's your experience, hence, it should and will be applicable to you, but not all
and if you really are earning like what? rm6.50 an hour...and you stay in the office for 12 hours...you earn about rm70~80 a day minus expenses nett, well, it sounds pretty much okay...but, not all will stay in the office for 12 hours...and to be honest, the job here is not as bad as some other companies out there, take auditing for example, you get a pay which either could be a little lower or nearly the same, but during peak time, you stay until 3am in the office...now, how will you equate that?
the only thing limiting here is where are you going to go next...it's pretty much citi in there, so your job scope would be either a transfer of dept, compliance or something else that you can cook up with the transferable skills you could gain from the company, it's not much, i agree, but you will notice that in the end, you do and will learn something
as for your question which is directed to me, i for one would say that i am not in the position to represent each and every staff who left there...and my reasons if i would like to resign, i already stated it, cool?=)
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LostWanderer
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Apr 7 2011, 06:59 PM
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lol, u still strolling ard here eh enclave? =)
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LostWanderer
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Jun 5 2011, 02:07 PM
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i would not say that both sides are right, neither are they wrong...and yes, different divisions of AML will experience different level of stress i would say
more like if you mix both positive and negative sides, that is where i would say the "right side" of the story is
compliance wise, it is true that you could go there with this job, but i would comment that having a legal/accounting background would make you more appealing than a non-of that degree background (lets say, IT)
rm2.4k is not that low, but not that high either, there are ppl in the non banking/finance industry are earning anywhere between 1.8~2.4k, and of course the finance industry is earning between 2.4~3.5k as fresh grads...the higher end of the salary are reserved for mgt trainee programs though
most banks, however offer fresh grads at the higher end of the salary rate in comparison to other companies, but if you are comparing banking with banking, aml at citi is offering at the low point i will agree on that
however, work is not difficult i would say, just really tedious...lol, so, if you enjoy such jobs, (and yes, there will be ppl out there which enjoys jobs as so), then it's not wrong for them to continue working here
some reality check as well: 1) there's no pain here...ppl don't physically torture you...lol 2) a lot of jobs out there will not enable you to purchase a bmw at the age of 30, but of course, if you land yourself in here, this is also one of the jobs that will not let you gain this achievement (i could be wrong though, as salary wise could ranged from 5~10k a month, and what your priority you set with your $$ as, lol...lets say that if you were to prioritize purchasing a bmw at the age of 30 with that salary of yours then you could make me and enclave eat our words...XD) 3) i would not say that this job brings no future, however, if you are more towards ppl oriented, this job will not be your cup of tea
last piece of advice, banking industry does pay more than non banking industry, thus, if you decided to come in, and found that the job is not suitable for you in the next year or so, prepare to experience a salary cut when you switch industry...and of course, the "experience" you have as an AML analyst
This post has been edited by LostWanderer: Jun 5 2011, 02:12 PM
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LostWanderer
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Jun 5 2011, 05:00 PM
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@ kelvin
yea, i agree with you, but finance and banking industry is one of the better paid ones as well...=D
@ enclave
well, yea, sales is one of the better jobs out there if you really can make it work...but are "you" one of them...?XD, i don't mean you, you, as in the reader "you", also, a lot would not be able to cope with the sales pressure as it could be worse than being in here...and when they mean targets...they mean it more than here i believe
and yes, you will need to stay a few years in AML to find your future, same with other jobs...i know you don't actually mean that way, but...XD
also, although the pay cut has been quite a while back, but i think the salary range from now is 2.4k ~2.6k iirc for new grads...
during my time, it's 2.6~3k iirc...=D
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LostWanderer
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Jun 5 2011, 09:05 PM
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well, levanter,
i believe he's still here, if you read his post in a little more detail...XD
there are other hell holes out there, that's for sure as well...=)
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