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8/11/2019 Compliance Risk Salary
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Welcome to the 2012 edition of PSD’s salary survey.
PSD is an International recruitment specialist for the Banking & Financial
Services sector. Established in 1991, PSD is a leading executive and
management recruitment business with a reputation built on our ability to
deliver outstanding results and exceptional levels of service.
Our Banking & Financial Services practice comprises of over 50 consultants
in 8 locations worldwide, with specialist teams dedicated to:
· Retail and Investment Banking
· Fund/Asset Management
· Credit Cards & Payment Systems
· Financial Services Consultancies
· General & Health Insurance
· Re-insurance· Stockbroking
· Life & Pensions
· Regulatory Bodies
· Sub-prime Lending
· Hedge Funds
· Private Banking
· Venture Capital
· Consumer Credit
PSD offer all Recruitment Services: Executive Search, Advertised Selection,
Contingency Search, Contract & Interim, Assessment Centres & Testing.
Compliance, Risk & Fraud 2012
Salary Survey
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Market Overview
Austerity and debt were the key words of 2011.
Europe is the single largest obstacle to domestic growth. The rest of the
world are not immune from Europe’s struggles to nd a solution to its debt
crisis as the economies are intrinsically linked through global trade. The
key challenge in 2011 and 2012 were to stimulate growth, manage ination
and reduce sovereign debt. Asia and other emerging markets look in slightly
better shape although they have also experienced economic challenges withincreases in unemployment and a fall in GDP.
How did Corporate Governance recruitment in Banking and Financial Services
fair in 2011? In summary the rst two quarters were strong and consistent
with the markets but the second half of the year witnessed a slow down in
recruitment activity that continued through to 2012. Corporate Governance is
an essential function in Financial Services and consequently there will always
be recruitment activity in this area although the remuneration on offer and
hiring appetite of rms are directly linked to the market.
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Sector Overview - Fraud
A quick glance through the 2011 headline numbers for fraud published by
Financial Fraud Action UK would suggest that fraud is as well controlled as it
has ever been, with fraudsters reverting to thefts from the post and attacking
the dwindling numbers of cheques in circulation. Scratch the surface though
and it’s evident that payment losses experienced by UK businesses, large
and small, continue to increase. Coupled with increasing regulatory pressure
for nancial institutions to accept greater responsibility for protecting the
interests of their customers, the “rush to mobile” technology where the risksare still not well understood, and the increasing sophistication and volume of
attacks by hackers, then these are challenging times for fraud professionals.
The National Fraud Authorities’ recent assessment that fraud is costing UK
PLC £38 Billion (with more than £20 Billion being experienced by the public
sector) makes bleak reading for both those charged with protecting the public
purse and taxpayers alike. Similarly, the authoritative CIFAS – the UK’s Fraud
Prevention Service – suggests a near 10% increase in the level of attacks last
year, there can be little room for complacency. Indeed it’s hard to nd a single
industry sector that’s immune to fraud at a time when the pressure to createshareholder value is as acute as any in living memory.
Fraud, such as that perpetrated by UBS rogue trader Kawaka Adobo,
will continue to steal the headlines, but it’s clear that the role of the Fraud
Manager is becoming ever more complex and the skills required ever more
sophisticated, as the economy (and the fraudsters) emerge slowly from the
effects of the credit crunch.
High calibre professionals within fraud continue to receive attractive salary
increases at the mid to senior level. Typically any offers made were onaverage approximately 8% to 12% higher than the individuals current salary.
Candidates with niche skill sets in high demand could command increases of
up to 20%. That said, candidates who were immediately available or moving
to simply improve their skills and experience continued to move for parity or
a marginal increase in order to secure a role and guarantee medium to long
term career progression and development.
2012 started off a little slower than 2011 on average, but as we moved into
March, the market started to pick up quickly. Looking at the rst quarter of
2012, it has been highly encouraging and the general consensus is that thisupward recruitment trend will continue through the year.
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Sector Overview - Fraud
Given the uidity across the industry and the ever changing regulations, we
anticipate the need for rms to continue to recruit and change strategies
within the fraud arena. At present, we are seeing that the big movers in 2012
could revolve around Retail Banking, Credit / Debit Card payment, Online
Payments, Insurance and Consultancy Firms.
The majority of roles we are working on are replacements rather than newly
created roles and we are seeing an increasing number of our clients looking to
recruit staff on a xed term contract basis rather than daily rates. This enables
companies to still bring resource in quickly without having to commit longer
term and is also much more cost effective from their perspective. Obviously
this is far less lucrative for candidates who have historically operated on a
daily rate basis and further demonstrates how the industry is evolving.
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Sector Overview - Investment
Compliance
The demand for Compliance and Financial Crime recruitment in 2011
remained consistent throughout the year. Despite the Banking, Investment
Management, Stock broking, Asset Management and Consultancy Services
sectors going through Mergers and Acquisitions, MBO’s and IPO’s, the need
for companies to meet their regulatory obligations was ever present resulting
in the need to recruit high calibre compliance professionals.
Like previous years, there was a high demand for Regulatory Risk,
Compliance Management, Monitoring, Advice and Guidance, Anti-Money
Laundering, and Privacy candidates.
2011 was an improvement on 2010 and 2012 has started well. Although
noticeably the recruitment processes have extended with employers looking
for a perfect match in skills and personality. Strong compliance and AML
candidates continue to receive attractive salary increases at the mid to senior
level. Typically any offers made were approximately 15% higher than the
individual’s current salary. Candidates with niche skill sets demanded 20%+.
On the other side, the changed market conditions and steady stream on
redundancies at all levels have also seen some candidates take the same or
lower salaries just to stay in work.
The start to 2012 has been encouraging and we anticipate the need for rms
to recruit in the compliance and AML area to remain constant. The biggest
growth area we expect to see is the growth of Data Protection and Privacy
positions based on new SEC regulations.
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Sector Overview - Investment
Risk
The demand for Risk recruitment in 2011 was strong, although the rst half of
the year experienced far greater demand than the second half.
Similar to previous years there was a high demand for Quantitative Risk
candidates specically; Credit Risk Modelling, Counterparty Traded Credit
risk and Exposure Management. However, there was a reduction in traditional
Credit Analysis recruitment. A high proportion of requirements were to ll
existing roles with little demand for hiring as a result of new business.
Demand for Operational Risk progressively declined over the course of
2011 and by the end of 2011 was signicantly down on 2010. This should
be viewed in context. 2010 witnessed a signicant increase in demand for
Operational Risk candidates in both the Investment Banks and Investment
Management rms, this demand was above average and consequently
unsustainable. Market risk recruitment was steady with a number of
interesting front ofce roles but overall the demand was reduced due to a
signicant drop in the demand for risk reporting and control candidates.
Risk candidates continue to receive attractive salary increases when moving
jobs. The majority of candidates regardless of seniority expect a minimum
of 10% to move to another rm in a similar role. Where their experience is
in great demand and they are considering several opportunities, an offer of
20% increase on base is common. Candidates that are moving to gain skills
and experience continue to move for a marginal increase on base for an
improvement in job prospects and future career progression and satisfaction.
PSD anticipate the demand for Risk Recruitment in 2012 will be steady
tracking at a similar level to 2011. The majority of Market, Credit and
Operational Risk hires will be to rell pre - existing roles rather than to
recruit for new roles. The demand in the Quantitative Risk eld will be driven
by Regulation, specically Basel III and we expect signicant levels of
recruitment in Quantitative Credit risk Modelling, Exposure Management and
CVA.
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Benets, Hiring & Reward
What Benets do you currently receive?
What are your key motivational drivers when looking for a new role?
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Benets, Hiring & Reward
What are your organisation’s current plans?
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Salaries - Retail Compliance
Banks & Building Societies
London &
South East
Midlands &
South West
North &
Scotland
Compliance Analyst 28-40 20-25 20-30
Compliance Manager 45-65 30-55 30-50
Compliance MI Manager 45-65 30-55 30-50
Compliance Financial Promotions Manager 45-65 30-55 40-55
Upstream Regulatory Risk Manager 45-65 30-55 40-55
Senior Compliance Manager 70-90 65-80 60-80
Head of Compliance 95-130 80-100 80-110
Director of Compliance 110-150 100-110 90-110
Group Director of Compliance 150-200 110-130 100-130
Monitoring Analyst 35-50 30-40 30-40
Monitoring Manager 55-75 45-60 45-60
Head of Monitoring 80-110 70-85 60-80
Advice & Guidance Analyst 35-45 30-40 30-40
Advice & Guidance Manager 50-75 40-65 40-65
Regulatory Advisor 50-75 40-65 35-50Policy Manager 50-75 40-65 40-60
Head of Advice & Guidance 80-110 70-100 65-90
Governance Manager 45-65 45-55 45-55
Head of Governance 70-90 60-80 50-80
Group Director of Governance 100-120 80-100 70-100
T&C Manager 40-60 40-60 35-50
Group Director of T&C 70-90 70-90 60-80
Financial Crime Analyst 35-40 30-40 25-35
Financial Crime Manager 45-65 40-55 30-50
Senior Financial Crime Manager 65-80 55-65 40-60
Head of Financial Crime 85-110 70-90 70-90
Director of Financial Crime/MLRO 110-200 100-125 80-110
AML/ Sanctions Analyst 40-50 35-50 25-35
AML/Sanctions Manager 55-75 50-60 40-55
Senior AML/Sanctions Manager 75-90 60-70 55-70
Head of AML/Sanctions 100-110 70-90 70-90
Director of AML/Sanctions 110-130 90-100 80-100
Group Director of AML/Sanctions 150-300 NA NA
Privacy/ DP Analyst 25-35 20-30 20-30
Privacy/ DP Manager 40-50 35-55 30-50
Senior Privacy/DP Manager 55-75 55-65 45-60
Head of Privacy/ DP 80-100 65-80 60-80
Director of Privacy/ DP 100-135 80-100 70-90
Group Director of Privacy/DP 140-175 NA NA
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Salaries - Retail Compliance
General Insurance & Mortgages
London &
South East
Midlands &
South West
North &
Scotland
Compliance Analyst 28-40 20-25 20-25
Compliance Manager 45-65 30-55 35-50
Senior Compliance Manager 70-90 65-80 55-80
Head of Compliance 95-130 80-100 80-100
Director of Compliance 110-150 100-110 90-110
Group Director of Compliance 150-200 110-130 100-120
Monitoring Analyst 35-50 30-40 28-40
Monitoring Manager 55-75 45-60 40-55
Head of Monitoring 80-110 70-85 55-75
Advice & Guidance Analyst 35-45 30-40 30-40
Advice & Guidance Manager 50-75 40-65 40-60
Head of Advice & Guidance 80-110 70-100 60-90
Governance Manager 45-65 45-55 45-55
Head of Governance 70-90 60-80 60-80
Group Director of Governance 100-120 80-100 80-100T&C Manager 40-60 40-60 40-60
Group Director of T&C 70-90 70-90 70-90
Financial Crime Analyst 35-40 30-40 25-40
Financial Crime Manager 45-65 40-55 35-55
Senior Financial Crime Manager 65-80 55-65 55-70
Head of Financial Crime 85-110 70-90 70-90
Director of Financial Crime/MLRO 110-200 100-125 100-120
AML/ Sanctions Analyst 40-50 35-50 30-50
AML/Sanctions Manager 55-75 50-60 40-60
Senior AML/Sanctions Manager 75-90 60-70 60-70
Head of AML/Sanctions 100-110 70-90 70-90
Director of AML/Sanctions 110-130 90-100 80-100
Group Director of AML/Sanctions 150-300 NA NA
Privacy/ DP Analyst 25-35 20-30 20-30
Privacy/ DP Manager 40-50 35-55 30-50
Senior Privacy/DP Manager 55-75 55-65 50-65
Head of Privacy/ DP 80-100 65-80 60-80
Director of Privacy/ DP 100-135 80-100 80-100
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Salaries - Retail Compliance
Life & Pensions, Pension, Outsourcers
London &
South East
Midlands &
South West
North &
Scotland
Compliance Analyst 28-40 20-25 20-30
Compliance Manager 45-65 30-45 30-45
Senior Compliance Manager 60-75 45-60 40-60
Head of Compliance 70-90 70-90 70-90
Director of Compliance 95-110 90-100 80-100
Group Director of Compliance 100-125 110-120 100-120
Monitoring Analyst 30-35 25-35 20-30
Monitoring Manager 50-55 45-55 35-50
Head of Monitoring 60-75 55-75 50-70
Advice & Guidance Analyst 35-45 30-40 30-40
Advice & Guidance Manager 50-60 40-60 40-60
Head of Advice & Guidance 60-80 60-80 60-80
Governance Manager 45-65 45-55 45-55
Head of Governance 70-90 60-80 60-80
T&C Manager 30-60 25-60 25-45Group Director of T&C 70-90 70-90 70-90
Financial Crime Analyst 30-40 30-40 25-40
Financial Crime Manager 50-65 40-55 35-50
Senior Financial Crime Manager 65-80 55-65 50-65
Head of Financial Crime 80-110 70-90 70-90
Director of Financial Crime/MLRO 100-150 100-125 100-125
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Salaries - Retail Compliance
Management Consultancy
London &
South East
Midlands &
South West
North &
Scotland
Compliance Consultant 28-45 20-35 20-30
Compliance Manager 55-75 45-55 40-55
Senior Compliance Manager 75-95 55-75 50-70
Head of Compliance 95-110 80-100 75-100
Group Director of Compliance 110-200 100-125 90-120
Advice & Guidance Analyst 35-45 30-40 30-40
Advice & Guidance Manager 50-65 45-60 40-60
Senior Advice & Guidance Manager 65-85 60-80 60-80
Head of Advice & Guidance 85-100 80-100 80-100
T&C Manager 55-75 60-80 60-80
Head of T&C 75-100 80-100 75-100
Financial Crime Consultant 50-75 40-55 35-50
Head of Financial Crime 80-110 60-75 60-75
Director of Financial Crime 100-120 80-100 80-100
Group Director of Financial Crime 110-200 100-130 100-120Privacy or DP Consultant 55-75 45-60 40-55
Group Director of Privacy or DP 100-150 90-110 80-100
IFA/Networks
London &
South East
Midlands &
South West
North &
Scotland
Compliance Administrator 28-45 20-35 20-35
Compliance Manager 55-75 45-55 35-50
Senior Compliance Manager 75-95 55-75 50-75
Head of Compliance 95-110 80-100 75-100
Director of Compliance 110-200 100-125 90-110
T&C Supervisor 30-55 25-50 25-40
T&C Manager 55-70 50-65 45-60
Head of T&C 75-100 65-85 60-80
Financial Crime Analyst 30-40 30-40 25-35
Financial Crime Manager 50-65 40-55 30-45
Senior Financial Crime Manager 65-80 55-65 45-60
Head of Financial Crime 80-110 70-90 65-90
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Salaries - Retail Compliance
Credit Cards / Payments
London &
South East
Midlands &
South West
North &
Scotland
Compliance Administrator 28-45 20-35 20-30
Compliance Analyst 35-45 45-55 35-50
Compliance Manager 45-70 55-75 40-60
Head of Compliance 70-100 80-100 70-100
Director of Compliance 100-200 100-125 100-120
Financial Crime Analyst 30-40 30-40 25-35
Financial Crime Manager 50-65 40-55 40-55
Senior Financial Crime Manager 65-80 55-65 55-65
Head of Financial Crime 80-110 70-90 70-90
Director of Financial Crime 100-130 90-110 90-110
Regulatory Bodies
London &South East
Midlands &South West
North &Scotland
Compliance Analyst 28-45 20-25 20-25
Compliance Manager 40-60 30-55 30-45
Senior Compliance Manager 60-75 65-80 50-75
Head of Compliance 95-130 80-100 75-100
Director of Compliance 110-150 100-110 100-110
T&C Manager 40-60 40-60 35-50
Head of T&C 60-80 60-80 50-70
Financial Crime Analyst 35-40 30-40 30-40
Financial Crime Manager 45-65 40-55 40-55
Senior Financial Crime Manager 65-80 55-65 55-65
Head of Financial Crime 85-110 70-90 70-90
Director of Financial Crime 110-200 100-125 90-120
Privacy or DP Analyst 25-35 20-30 20-30
Privacy or DP Manager 40-50 35-55 30-45
Senior Privacy or DP Manager 55-75 55-65 45-60
Head of Privacy or DP 80-100 65-80 65-80
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Salaries - Investment Compliance
Fund/Asset Management/Hedge Funds
London
Compliance Analyst 40-55
Compliance Manager 55-70
Senior Compliance Manager 65-85
Head of Compliance CF10 / CF11 90-140
Director of Compliance CF10 / CF11 100-150
Monitoring Analyst 45-50Monitoring Manager 55-70
Senior Monitoring Manager 65-80
Head of Monitoring 80-100
Private Banking / Wealth Management / Venture Capital & Private
Equity
London
Compliance Analyst 40-55
Compliance Manager - Advisory 55-70
Senior Compliance Manager - Advisory 65-90
Head of Compliance CF10 / CF11 90-150
Director of Compliance CF10 / CF11 100-150
Monitoring Analyst 45-50
Monitoring Manager 55-70
Senior Monitoring Manager 65-80
Head of Monitoring 80-110
AML Analyst 40-55
AML Manager 60-80
Head of AML CF11 90-110Director of AML CF11 100-150
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Salaries - Investment Compliance
Investment Banking
London
Compliance Analyst 50-65
Compliance Manager - Advisory 60-90
Senior Compliance Manager - Advisory 80-100
Head of Compliance - Advisory 110-140
Director of Compliance CF10 / CF11 120-150
Group Director of Compliance CF10 / CF11 150-220Monitoring Analyst 45-55
Monitoring Manager 65-80
Senior Monitoring Manager 75-95
Head of Monitoring 100-130
AML Analyst 50-60
AML Manager 68-75
Senior AML Manager 70-95
Head of Financial Crime CF11 90-120
Director of Financial Crime CF11 100-130
Group Director of Financial Crime CF11 140-250
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Salaries - Retail Risk
Banks & Building Societies
London &
South East
Midlands &
South West
Scotland North
Chief Risk Ofcer 200+ 105-137 110-142 110-140
Group Director of Risk 170+ 150+ 150+ 140+
Director of Risk 120-150 120-150 120-150 120-150
Head of Risk 80-120 80-120 80-120 80-120
Senior Risk Manager 50-80 50-80 50-80 50-80
Group Risk Manager 50-70 50-70 50-70 50-70
Risk Manager 50-70 50-70 50-70 50-70
Risk Consultant 45-60 45-60 45-60 45-60
Risk Analyst 35-45 35-45 35-45 35-45
Head of Modelling 80-120 90-135 87-125 95-135
Modelling Manager 50-80 45-62 45-63 47-65
Risk Analyst Modelling 35-50 22-35 22-36 22-36
Chief Credit Ofcer 170+ 160 - 175 170-180 165-186
Credit Director 120-150 100-160 125-170 120-165
Head of Credit 80-120 76-105 72-125 75 - 120Credit Manager 50-70 27-38 28-40 28-38
Senior Credit Analyst 45-60 25-32 25-34 25-32
Credit Analyst 35-45 20-25 19-24 20-25
Operational Risk Director 120+ 100+ 100+ 100+
Head of Operational Risk 120-150 80-100 80-100 80-101
Senior Operational Risk Manager 60-90 50-80 50-80 50-81
Operational Risk Manager 50-80 35-50 35-55 35-56
Operational Risk Consultant 45-60 30-40 30-45 30-46
Operational Risk Analyst 40-55 25-35 25-35 25-36
Market Risk Director 140+ 140+ 140+ 140+
Head of Market Risk 100-140 100-120 100-140 100-120
Senior Market Risk Manager 70-100 70-90 70-100 70-90
Market Risk Manager 60-80 60-70 60-80 60-70
Market Risk Consultant 50-80 50-60 50-80 50-60
Market Risk Analyst 40-60 40-50 40-60 40-50
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Salaries - Retail Risk
General Insurance & Mortgages
London &
South East
Midlands &
South West
Scotland North
Chief Risk Ofcer 170+ 105-137 110-142 110-140
Group Director of Risk 150+ 120+ 120+ 120+
Director of Risk 120-150 120-150 120-150 120-150
Head of Risk 80-120 80-120 80-120 80-120
Senior Risk Manager 50-80 50-80 50-80 50-80
Group Risk Manager 50-70 50-70 50-70 50-70
Risk Manager 50-70 50-70 50-70 50-70
Risk Consultant 45-60 45-60 45-60 45-60
Risk Analyst 35-45 35-45 35-45 35-45
Head of Modelling 80-120 85-100 85-100 85-100
Modelling Manager 50-80 45-62 45-63 47-65
Risk Analyst Modelling 35-50 22-35 22-36 22-36
Chief Credit Ofcer 170+ 100-175 95-160 100-145
Credit Director 120-150 95-125 90-110 95-115
Head of Credit 80-120 85-100 80-100 80-100Senior Credit Manager 50-80 55-70 50-70 52-68
Credit Manager 50-70 45-60 45-62 45-60
Credit Consultant 45-60 30-45 30-40 28-38
Credit Analyst 35-45 20-30 20-30 20-30
Operational Risk Director 120+ 100+ 100+ 100+
Head of Operational Risk 120-150 80-100 80-100 80-101
Senior Operational Risk Manager 60-90 50-80 50-80 50-81
Operational Risk Manager 50-80 35-50 35-55 35-56
Operational Risk Consultant 45-60 30-40 30-45 30-46
Operational Risk Analyst 40-55 25-35 25-35 25-36
Market Risk Director 140+ 140+ 140+ 140+
Head of Market Risk 100-140 100-120 100-140 100-120
Senior Market Risk Manager 70-100 70-90 70-100 70-90
Market Risk Manager 60-80 60-70 60-80 60-70
Market Risk Consultant 50-80 50-60 50-80 50-60
Market Risk Analyst 40-60 40-50 40-60 40-50
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Salaries - Retail Risk
Life & Pensions, Pension, Outsourcers
London &
South East
Midlands &
South West
Scotland North
Chief Risk Ofcer 170+ 105-137 110-142 110-140
Group Director of Risk 150+ 120+ 120+ 120+
Director of Risk 120-150 120-150 120-150 120-150
Head of Risk 80-120 80-120 80-120 80-120
Senior Risk Manager 50-80 50-80 50-80 50-80
Group Risk Manager 50-70 50-70 50-70 50-70
Risk Manager 50-70 50-70 50-70 50-70
Risk Consultant 45-60 45-60 45-60 45-60
Risk Analyst 35-45 35-45 35-45 35-45
Head of Modelling 80-120 85-100 85-100 85-100
Modelling Manager 50-80 45-62 45-63 47-65
Risk Analyst Modelling 35-50 22-35 22-36 22-36
Chief Credit Ofcer 170+ 100-175 95-160 100-145
Credit Director 120-150 95-125 90-110 95-115
Head of Credit 80-120 85-100 80-100 80-100Senior Credit Manager 50-80 55-70 50-70 52-68
Credit Manager 50-70 45-60 45-62 45-60
Credit Consultant 45-60 30-45 30-40 28-38
Credit Analyst 35-45 20-30 20-30 20-30
Operational Risk Director 120+ 100+ 100+ 100+
Head of Operational Risk 120-150 80-100 80-100 80-100
Senior Operational Risk Manager 60-90 50-80 50-80 50-80
Operational Risk Manager 50-80 35-50 35-55 35-55
Operational Risk Consultant 45-60 30-40 30-45 30-45
Operational Risk Analyst 40-55 25-35 25-35 25-35
Market Risk Director 140+ 140+ 140+ 140+
Head of Market Risk 100-140 100-120 100-140 100-120
Senior Market Risk Manager 70-100 70-90 70-100 70-90
Market Risk Manager 60-80 60-70 60-80 60-70
Market Risk Consultant 50-80 50-60 50-80 50-60
Market Risk Analyst 40-60 40-50 40-60 40-50
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Salaries - Retail Risk
IFA / Networks
London &
South East
Midlands &
South West
Scotland North
Chief Risk Ofcer 170+ 105-137 110-142 110-140
Group Director of Risk 150+ 120+ 120+ 120+
Director of Risk 120-150 120-150 120-150 120-150
Head of Risk 80-120 80-120 80-120 80-120
Senior Risk Manager 50-80 50-80 50-80 50-80
Group Risk Manager 50-70 50-70 50-70 50-70
Risk Manager 50-70 50-70 50-70 50-70
Risk Consultant 45-60 45-60 45-60 45-60
Risk Analyst 35-45 35-45 35-45 35-45
Operational Risk Director 120+ 100+ 100+ 100+
Head of Operational Risk 120-150 80-100 80-100 80-100
Senior Operational Risk
Manager
60-90 50-80 50-80 50-81
Operational Risk Manager 50-80 35-50 35-55 35-56
Operational Risk Consultant 45-60 30-40 30-45 30-46Operational Risk Analyst 40-55 25-35 25-35 25-36
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Salaries - Retail Risk
Credit Cards / Payments
London &
South East
Midlands &
South West
Scotland North
Chief Risk Ofcer 170+ 105-137 110-142 110-140
Group Director of Risk 150+ 120+ 120+ 120+
Director of Risk 120-150 120-150 120-150 120-150
Head of Risk 80-120 80-120 80-120 80-120
Senior Risk Manager 50-80 50-80 50-80 50-80
Group Risk Manager 50-70 50-70 50-70 50-70
Risk Manager 50-70 50-70 50-70 50-70
Risk Consultant 45-60 45-60 45-60 45-60
Risk Analyst 35-45 35-45 35-45 35-45
Head of Modelling 80-120 85-110 80-100 85-135
Modelling Manager 50-80 40-65 45-65 45-65
Risk Analyst Modelling 35-50 22-35 20-37 22-38
Chief Credit Ofcer 170+ 90-175 85-165 90-170
Credit Director 120-150 80-145 80-150 85-155
Head of Credit 80-120 70-90 65-90 70-100Senior Credit Manager 50-80 50-70 55-65 52-62
Credit Manager 50-70 40-60 40-55 42-55
Credit Consultant 45-60 30-40 30-40 28-38
Credit Analyst 35-45 22-35 22-32 22-32
Operational Risk Director 120+ 100+ 100+ 100+
Head of Operational Risk 120-150 80-100 80-100 80-101
Senior Operational Risk Manager 60-90 50-80 50-80 50-81
Operational Risk Manager 50-80 35-50 35-55 35-56
Operational Risk Consultant 45-60 30-40 30-45 30-46
Operational Risk Analyst 40-55 25-35 25-35 25-36
Market Risk Director 140+ 140+ 140+ 140+
Head of Market Risk 100-140 100-120 100-140 100-120
Senior Market Risk Manager 70-100 70-90 70-100 70-90
Market Risk Manager 60-80 60-70 60-80 60-70
Market Risk Consultant 50-80 50-60 50-80 50-60
Market Risk Analyst 40-60 40-50 40-60 40-50
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Salaries - Retail Risk
Regulatory Bodies
London & South East Scotland
Chief Risk Ofcer 170+ 110-142
Group Director of Risk 150+ 120+
Director of Risk 120-150 120-150
Head of Risk 80-120 80-120
Senior Risk Manager 50-80 50-80
Group Risk Manager 50-70 50-70Risk Manager 50-70 50-70
Risk Consultant 45-60 45-60
Risk Analyst 35-45 35-45
Head of Quantitative Risk 120+ 120+
Quantitative Risk Manager 70-100 70-100
Quantitative Risk Analyst 50-80 35-70
Risk Analyst Modelling 35-50 20-35
Chief Credit Ofcer 170+ 80-110
Credit Director 120-150 80-110
Head of Credit 80-120 70-80
Senior Credit Manager 50-80 55-65
Credit Manager 50-70 35-50
Credit Consultant 45-60 28-35
Credit Analyst 35-45 22-30
Operational Risk Director 120+ 100+
Head of Operational Risk 120-150 80-100
Senior Operational Risk Manager 60-90 50-80
Operational Risk Manager 50-80 35-55
Operational Risk Consultant 45-60 30-45
Operational Risk Analyst 40-55 25-35
Market Risk Director 140+ 140+
Head of Market Risk 100-140 100-140
Senior Market Risk Manager 70-100 70-100
Market Risk Manager 60-80 60-80
Market Risk Consultant 50-80 50-80
Market Risk Analyst 40-60 40-60
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Salaries - Investment Risk
Investment Management, Hedge Funds & Private Banking
London
Chief Risk Ofcer 300 +
Head of Quantitative Risk - MD 180 - 250
Director Quantitative Risk 130 - 180
Senior Manager Quantitative Risk 90 - 130
Manager Quantitative Risk 70 - 100
Analyst Quantitative Risk 50 - 80Director Of Credit 100 - 150
Senior Manager Credit 80 - 120
Manager Credit 60 - 90
Credit Analyst 45 - 70
Head of Operational Risk - MD 140 - 180
Director Operational Risk 100 - 140
Senior Operational Risk Manager 80 - 120
Operational Risk Manager 60 - 90
Operational Risk Analyst 40 - 70
Head of Investment Risk - MD 150 - 180
Director Investment Risk 120 - 150
Senior Investment Risk Manager 85 - 120
Investment Risk Manager 70 - 90
Investment Risk Analyst 45 - 70
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Sector Overviews
Benefts, Hiring &Reward
Salaries
The Team
Salaries - Fraud
Banks & Building Societies
London &
South East
Midlands &
South West
North &
Scotland
Director of Fraud 130-180+ 110-150+ 100-150+
Head of Fraud 120-140 100-130 100-125
Senior Fraud Manager 70-90 65-85 60-85
Fraud Manager 45-62 45-60 43-60
Senior Fraud Analyst/Investigator 32-45 28-42 26-40
Fraud Analyst/Investigator 22-30 18-26 18-28
General Insurance & Mortgages
London &
South East
Midlands &
South West
North &
Scotland
Director of Fraud 95-140 90-125 90-135
Head of Fraud 90-105 75-95 75-100
Senior Fraud Manager 55-72 46-65 52-70Fraud Manager 45-58 35-50 45-55
Senior Fraud Analyst/Investigator 28-40 26-34 25-33
Fraud Analyst/Investigator 20-30 18-28 18-26
Credit Cards / Payments
London &
South East
Midlands &
South West
North &
Scotland
Director of Fraud 105-150 100-135 95-140Head of Fraud 90-120 88-115 80-120
Senior Fraud Manager 55-80 55-80 50-80
Fraud Manager 40-60 40-55 36-55
Senior Fraud Analyst/Investigator 30-44 26-42 28-45
Fraud Analyst/Investigator 22-32 20-30 17-28
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Sector Overviews
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Salaries
The Team
Salaries - Fraud
Management Consultancy
London &
South East
Midlands &
South West
North &
Scotland
Director of Fraud 120-160+ 115-150+ 105-155+
Head of Fraud 110-130 100-120 90-120
Senior Fraud Manager 70-95 60-86 60-92
Fraud Manager 40-70 40-65 38-65
Senior Fraud Analyst/Investigator 30-42 28-40 26-40
Fraud Analyst/Investigator 24-33 22-30 22-32
Life & Pensions, Pension, Outsourcers
London &
South East
Midlands &
South West
North &
Scotland
Director of Fraud 95-140 90-125 90-135
Head of Fraud 90-105 75-95 75-100
Senior Fraud Manager 55-72 46-65 52-70Fraud Manager 45-58 35-50 45-55
Senior Fraud Analyst/Investigator 28-40 26-34 25-33
Fraud Analyst/Investigator 20-30 18-28 18-26
Regulatory Bodies
London &
South East
Midlands &
South West
North &
Scotland
Director of Fraud 85-120 80-105 75-110Head of Fraud 80-105 75-95 75-95
Senior Fraud Manager 55-72 46-70 52-70
Fraud Manager 40-58 40-52 38-55
Senior Fraud Analyst/Investigator 28-36 26-34 25-33
Fraud Analyst/Investigator 20-28 18-28 16-26
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Sector Overviews
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Salaries
The Team
The Team - About PSD
PSD is a leading Executive and Management recruitment business
with a reputation built on our ability to deliver outstanding results
and exceptional levels of service.
Established in 1992, our Compliance, Risk & Fraud practice comprises 30
consultants in locations worldwide with specialist teams dedicated to the
following sectors:
— Banking — Not for Prot
— Financial Services — Regulatory Bodies
— Business Services — Professional Services
Functions
We recruit across all job functions in Compliance, Risk & Fraud from Analyst
to Group Directors:
— Compliance — Market Risk
— Regulatory Risk — Credit Risk
— Regulatory Affairs — Enterprise Risk
— AML — Operational Risk
— Privacy/Data Protection — Quantative Risk
— Financial Crime — Fraud
Recruitment Services
Operating at executive, management and board level, we provide
comprehensive recruitment services for both single appointments and large
scale assignments delivered through a rigorous project management system.
Our approach is open and collaborative and recommendations are made only
after careful consideration and analysis of clients’ specic needs. Our core
services are:
— Executive Search — Market Mapping
— Advertised Search — Psychometric Testing— Contingency Search — Salary Benchmarking
— Contract & Interim — Client Forums
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Sector Overviews
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Salaries
The Team
Kirstie Burn - Associate Director Kirstie is a graduate in BA Honours: European Business
with French (2:1) and originally moved to Brussels to work in
Management Development & Training with Senior Leaders from
Blue Chip rms and major International Banks. Kirstie then
returned to the UK and joined PSD in January 2000 and has since
worked in Banking & Financial Services and the Professional
Services sector for PSD.
The Team - London Consultants
Gail Danvers - Director Gail has fteen years recruitment experience the last eleven
years with the PSD Group. Gail manages the London Risk and
Compliance team and personally recruits Risk candidates at VP
and Director level. A Director with extensive product knowledge,
a strong network of contacts and an excellent track record in
conducting Executive Search assignments.
Paul Geist – Principal Consultant
Paul has 7 years of recruitment expertise. He has forged animpressive reputation sourcing mid - senior Compliance, Financial
Crime, Privacy Executives into the Financial and Professional
Services sectors. Paul has successfully led, on their behalf, a
number of high prole individual and multiple assignments.
Samaer Akhtar - ConsultantSamaer has 2 years of recruitment expertise. In this time he has
developed a specialist approach in sourcing mid - senior Credit,
Quantitative, Operational & Enterprise Risk Executives into theBanking, Financial & Professional Services sectors. Samaer
focuses on contingent and retained search to deliver accurate &
effective solutions for clients.
Jamie Brimage - ConsultantJamie has 2 and a half years recruitment experience within Risk
Management servicing Investment Banking & Fund Management
clients. Jamie’s extensive network is within the mid-senior level of
Credit and Market Risk, placing professionals typically between
£60,000 - £150,000 salaries.
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Sector Overviews
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Salaries
The Team
Christian Shawcross - Director Christian joined PSD in 2001 and manages the Compliance,
Risk and Fraud discipline for the North. He personally recruits
into the Credit Risk area in the Banking and Financial Services
sector. He has worked on both retained Search and Contingency
assignments in the North of England and internationally. He has a
BA (Hons) in Design Studies from Salford University.
The Team - Manchester Consultants
Carwyn Evans – Senior ConsultantCarwyn originally trained as a General Practice Surveyor and
has six years’ recruitment experience. Carwyn now operates
within the Financial Services division at where he is responsible
for Mid to Senior level appointments in the compliance and
operational risk area. Carwyn is capable of providing a full range
of recruitment services from contingency to executive search on
both a permanent and interim basis.
Paul Lewis - Consultant
Paul currently recruits mid-to-senior level professionals withinFraud, Financial Crime & Forensics across the UK. He moved
into recruitment with XL HR Ltd in 2000, initially specialising in
print & graphic communications and later set up a new desk in
VDR, eDiscovery & Forensics. He subsequently joined Pyramid
Consultancy specialising in VDR, eDiscovery & Forensics. Paul
joined PSD Group in July 2011 and has a BA (hons) in Product
Design.
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Sector Overviews
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Salaries
The Team
The Team - Recent Assignments
Risk
Retail Risk:
Credit Risk Managing Consultant PwC
Senior Operational Risk Manager Barclays
Head of Portfolio Analytics RBS
Credit Risk:
Decision Analytics Manager Yorkshire Building Society
Senior Credit Risk and Analytics Manager National Australia Group
Head of Credit Risk The Lewis Group
Investment:
Director Operational Risk BlackRock
Head of Market Risk Aviva
Associate Director Credit Banking Analyst Standard & Poors
Compliance
North & Scotland
Regulatory Risk Senior Manager RBS
Senior Financial Crime Manager Aldermore Bank
Compliance Manager Barclays Bank
South & London
Head of AML & Sanctions Direct Line Insurance
Compliance Ofcer Metro Bank
Senior Manager KPMG
Fraud
Lead Fraud Analyst Ixaris Systems Ltd
Fraud Investigator Post Ofce
Financial Crime Manager AEGON
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