Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Anti Money Laundering Analyst, with Citigroup Transaction Services

views
     
Quasi-Suave
post Mar 15 2011, 02:58 PM

Casual
***
Junior Member
322 posts

Joined: Mar 2005


QUOTE(jasmine_wms @ Feb 27 2011, 04:40 AM)
Hi guys, i got called up for the interview too on Monday.
Well before i read this thread i thought working in Citi is kind of glamorous but now it's kinda surprise to see so many negative comments here too.

the main reason i wanna enter and nail this offer is to gain more experience since it seems that the reasons i flunk previous interview or not qualified for the job is because lack of experience.

i wonder what is the prospect of this AMLA? and will the working experience in position help in future job hunting if i were to choose different career path (prolly like credit analyst) but still in banking line?

please advice smile.gif
*
I know someone doing the exact same role in Citibank. She couldn't wait to get out! While the Citibank brand IS glamorous, you need to be doing the right jobs. For example, Corporate and Investment Banking @ Citicorp. Or Emerging Markets Credit Trading (Treasury Division). But I think both departments were moved to Singapore recently.

AMLA to Credit Analyst? Funny, but no. AML is like 0.001% what a Credit Analyst must be aware of. If you seriously want to be a Credit Analyst, I suggest you start off by doing actual Credit work. And go complete your CCP Business or equivalent certification. Get used to presenting your papers to a bunch of senior people as credit analysts will be required to present his/her case to the Credit Committees /EXCO/BOD. That is, if you survive pushing your case thru Credit Underwriting whose sole responsibility would be to tear your case a new one.

QUOTE(WorkBook @ Mar 15 2011, 05:06 AM)
I am one of ex-AML analysts too!! Firstly let me reiterate here, the way one department functions do not determine the whole organization culture. I have prepared checklist on what employees expect from a job and i have highlighted how it works in AML:

MONEY: You work for 12 HOURS per weekday and you are paid with RM2400 per month before EPF,SOCSO&TAX DEDUCTION. After all deductions, you will receive RM2120. Then take the nett amount of RM2120/22(average working days)=RM96.36 After that, minus with your daily expenses to work, RM96.36-RM15(breakfast,lunch&dinner)-RM5(transportation fees)=RM76.36 Next kindly take your nett pay per day DIVIDED by your 12 hours work, you may receive the nett amount of your earning per hour RM76.36/12= RM6.40 This is how much you sell your time!

MANAGEMENT SKILLS: I seriously think they need to get adhoc management class! I personally curious if skills developed from personal attribute or undergoing classes! Dear management, please learn to differentiate between appearing AGGRESSIVE and PROFESSIONAL.

COLLEAGUES: Still fine. But you are not here to make friends, are you?

ENVIRONMENT: Quiet environment unless you sat beside or near to noisy and loud people.

KNOWLEDGE & SKILLS DEVELOPED: extremely limited and you don't know what to write in your resume and where to go after taking up this job! 90% of their staffs staying there because they don't know where to go and they are afraid to take bigger steps! but now i see many of them quitting this job and start finding new job as they finally realised the importance of moving out from this hell!


Added on March 15, 2011, 5:12 am

I guess what's more important for fresh graduates is to look for "career" instead of job. since you are still working in AML, kindly share with us the reason behind high employee turnover? it's always clearer to look into inner side.  thumbup.gif
*
@workbook

I agree with Kelvin. Your math has some serious issues man. But you are spot on with your take about the prospects of the job. The AMLA role is very very limited in job scope and skills transferability. This is obvious. How can you grow into a more challenging role when all you seem to do is to do the same stuff over and over again? What is/has been the takeaway from your X years on the job?



Quasi-Suave
post Mar 16 2011, 12:02 PM

Casual
***
Junior Member
322 posts

Joined: Mar 2005


Gross hourly wage is derived from gross salary divided by total hours worked.

Net hourly wage is net salary (gross salary minus EPF, Socso, Income Tax etc) divided by total hours worked.

Is this so difficult a concept to grasp?

Quasi-Suave
post Mar 16 2011, 02:42 PM

Casual
***
Junior Member
322 posts

Joined: Mar 2005


QUOTE(Rainie87 @ Mar 16 2011, 02:30 PM)
omg -.- I'm shortlisted for an employment for this position -.- should I take it of leave it? zzzzzzzz pls help T_T
*
Depends. If you are NOT working now, and desperately need a job...then go ahead.

If you are already working and thinking about a career change, then I seriously suggest that you reconsider. Ask yourself this - what do I WANT to do in the next 5 years?
Quasi-Suave
post Mar 16 2011, 06:17 PM

Casual
***
Junior Member
322 posts

Joined: Mar 2005


You'd have to weigh your options. What are the chances of your securing an offer from the other interviews? I think only you can really answer this.

If you wanna play safe, you can go ahead and accept the Citibank offer but bear in mind that it might be difficult for you to attend interviews once you start work. It may also be difficult for you to leave once you start work as you would have by then signed the employment contract and would hence need to abide with the notice period etc.

If you haven't notice already, the employment market is heating up. I'm pretty sure there are plenty of opportunities for someone of caliber. Vacancies within then banking industry is so dire that banks are pinching staff from other banks and paying off the 3 months notice on top of the 6 months penalty under BNM GP4.

Good luck.
Quasi-Suave
post Mar 17 2011, 07:52 PM

Casual
***
Junior Member
322 posts

Joined: Mar 2005


QUOTE(The People's Champ @ Mar 17 2011, 06:02 PM)
Your writing indicates that you are from the human resources or have experience from this department.

You quote the BNM GP4, tightening of the labour markets, and what not to illustrate, delineate, and perhaps reprimand those who have an inkling of an idea in leaving the corp for greener pastures to just nip it in the bud.

It is customary of those from this side of the fence to come out with such an outlook. While you have indeed defended the rights of an employer  over their employees, you have glaringly failed to at least highlight the rights of an employee or staff over the former.

Ok, lets cut the story short and provide a case in point. Not so sure what is the practice over at your corp but if staffs were indeed made to work on declared public holidays, are they paid in accordance to the stated law (read: Employment Act 1955)? Rumors from the the mill indicates that this is not the case or is it? Care to pray tell?
*
Me, in HR? Heaven forbid! I'm currently an analyst by trade, attached to a bank here in KL. But many years ago (in an unrelated career path) I have had the "privilege" of being called up to Labour Court as a witness in a labour case brought by an employee against my employer for unlawful termination. But I digress....

The job market is currently an employee's market (well, in banking at least) as highlighted in my earlier post where one of my colleagues was "snatched" by a rival bank with 24hr notice. In fact, just today I was speaking to my HR Relationship manager who lamented having to fill 6 medium/senior positions left vacant recently. To top it off, my SME Banking division has launched a staff get staff campaign which rewards staff members with cash if they successfully bring someone into the organization.

My interest here is to provide guidance for the betterment of the few within the lowyat community who seek advice in their careers. Why? Well, just because I wished I had someone to guide me in my career when I was fresh out of uni.

I'm hardly someone who (and I quote) "illustrate, delineate, and perhaps reprimand those who have an inkling of an idea in leaving the corp for greener pastures to just nip it in the bud".

There are maverick employers who skirt around the EA 1955. Just like in any industry (anything really, even religion - heard the case about priests molesting churchboys?) there are bound to be some bad apples. Speaking strictly from a person in the banking industry, the EA 1955 is strictly complied with. For the lower level employees, my employer is additionally bound by the NUBE Collective Agreement.

In my years as a salaryman, I have been a clerk, an engineering site supervisor, an office administrator (among other things) before I graduated and settled with a career in finance. Early in my working life, I've been asked to work on Sundays and Public Holidays. But I was always paid double or triple respectively.

As an executive, I'm expected to exercise judgment when it involves working on a rest days/public holidays as I no longer qualify for Sunday pay/rest day pay or OT. But I do work on my off days occasionally, on my own accord, finishing up my work at home when there is a need for it. And I do it because I want to get the job done, nothing more, nothing less.


Quasi-Suave
post Apr 10 2011, 04:54 PM

Casual
***
Junior Member
322 posts

Joined: Mar 2005


QUOTE(mad-d0g @ Apr 10 2011, 04:15 PM)
Even if there's nothing to learn there or a boring job, I believe after 2-3 years on the job, there could possibly be advancement opportunities? Like to a team supervisor role or maybe internal mobility as well?

Secondly, seems like the one with the negative reputation is CTSM only right? I believe it doesn't apply to the whole Citi Malaysia?
*
It's the role, not the bank.

 

Change to:
| Lo-Fi Version
0.0210sec    0.48    6 queries    GZIP Disabled
Time is now: 28th November 2025 - 09:37 PM