Compliance | 2014 - 15 Salary Guide

David Leithead 12.10.2014

View our most up-to-date Compliance Salary Guide.

Permanent

The Compliance market has been extremely active over the past few months across all areas of control room, advisory (all asset classes), AML/KYC and monitoring. Compared to 2013, we have seen a huge increase in demand for Fixed Income Advisory and KYC specialists. Two major reasons for this increased demand are first, the response to heavy fines implemented by regulatory bodies for internal compliance failings, and second, hiring as a preventative measure against any future potential penalties. As a result of the huge demands, average salaries have increased by around 20-30% as most institutions are willing to pay premium salaries for strong technical professionals. 

 

ANNUAL SALARY

Role: Analyst
0-2 years
AVP
2-5 years
VP
5-7 years
Director
7-10 years
MD
10+ years
Asset Management £25k - £40k £40k - £60k £60k - £80k £80k - £100k £100k+
KYC / Onboarding Analyst £25k - £45k £45k - £70k £70k - £100k £100k - £150k £150k+
Monitoring & Surveillance £30k - £45k £45k - £80k £80k - £100k £100k - £140k £140k+
Control Room £30k - £45k £40k - £75k £75k - £95k £90k - £120k £120k+
Central Compliance £30k - £45k £45k - £70k £70k - £85k £85k - £100k £100k+
Compliance Advisory
(Front Office)
£35k - £55k £55k - £85k £90k - £120k £120k - £170k £170k+
Financial Crime / AML £35k - £45k £45k - £80k £80k - £120k £120k - £170k £170k+

Contract/Temporary

Since the turn of 2014, contract rates for Compliance-related positions across the majority of disciplines have continued to increase. One major reason for this is regulatory pressures, which are increasing the demand for project-based hiring. In addition, changes are being imposed by the regulator, resulting in increased fines that have led to large-scale reviews and remedial action. This has increased demand in areas such as KYC, with several projects at investment banks recruiting 10-50 temporary analysts at any one time. Rates have stayed relatively consistent within KYC at between £200-£300; however, the demand for a higher level of expertise in this area has seen rates rise by around £50 to £350 per day.

 

RATE PER DAY

Role: Analyst
0-2 years
AVP
2-5 years
VP
5-7 years
Director
7-10 years
MD
10+ years
KYC / Onboarding Analyst £150 - £200 £200 - £350 £350 - £400 £400+ £400+
Monitoring & Surveillance £180 -£250 £250 - £300 £300 - £400 £400 - £550 £550+
Control Room £200 - £250 £250 - £300 £300 - £400 £400 - £600 £600+
Central Compliance £160 - £200 £200 - £280 £280 - £350 £350 - £500 £500+
Compliance Advisory
(Front Office)
£200 - £300 £300 - £450 £450 - £600 £600 - £800 £800+
Financial Crime / AML £150 - £200 £200 - £400 £400 - £650 £650 - £800 £800+
David Leithead's picture
Chief Operations Officer UK
dleithead@morganmckinley.co.uk