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 t eams 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 & T esting. Compliance, Risk & Fraud 2012 Salary Survey

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Page 1: 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

 

Benefts, Hiring &Reward

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

 

Benefts, Hiring &Reward

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

 

Benefts, Hiring &Reward

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.

Email

Email

Email

Email

Email

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Sector Overviews

 

Benefts, Hiring &Reward

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.

Email

Email

Email

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Sector Overviews

 

Benefts, Hiring &Reward

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