The highest paying permanent roles in Q1 2018

Hakan Enver 12.04.2018

The Risk Management and Compliance markets were home to some of the highest salaries for permanent roles throughout Q1.

Hiring to accommodate for regulatory changes

Highlighted in our Q1 Reviews were a number of high paying roles that were available on the various Financial and Professional services markets over the first few months of 2018.

The roles, as outlined in the table below, cover a variety of positions across a range of sectors. Unsurprisingly, the frequency of Compliance and Risk Management roles is high, with important legislative and regulatory changes prompting organisations to take steps towards compliance and accommodate for change.

JOB TITLE

SECTOR

EXPECTED BASE SALARY

Head of Credit Risk Risk Management £150,000
Product Compliance Advisory (ED) Compliance £120,000 - £170,000
Head of Private Banking Risk Management £120,000
Compliance Thematic Monitoring (ED) Compliance £115,000 - £150,000
Product Compliance Advisory (VP) Compliance £80,000 - £125,000
Fund Accounting Accounting & Finance £80,000 - £120,000
Auditor within Capital Markets (VP) Internal Audit £80,000 - £120,000
Business Partnering, FP&A Accounting & Finance £80,000 - £120,000
Head of Internal Communications Marketing £70,000 - £120,000
Regulatory Reporting Accounting & Finance £60,000 - £100,000
Product Development/Management Financial Services Operations £60,000 - £90,000
Training & Development Specialist HR £45,000 - £75,000

Commanding a strong salary in 2018

The top 5 best paying roles seen in Q1 were all from either Compliance jobs or Risk Management jobs. Whilst Head of Credit Risk, Product Compliance Advisory, Head of Private Banking and Compliance Thematic Monitoring are all innately well paid roles, the current economic and political conditions have likely had an influence on the popularity of these positions being filled in the first quarter of this year.

With Brexit looming and vast legislative/regulatory changes enforced or incoming soon, the following roles are vital. The Head of Credit Risk requires multi risk experience and will act as the point of contact for Regulatory bodies, Product Compliance Advisory roles provide real time regulatory advice to specific asset class desks and regulatory reporting candidates are required to ensure reports are submitted in line with all the relevant regulations. In the past, the latter were commonly contractor positions but have become more permanent due to the ramping up of regulatory changes.

Other well paid roles

Away from the top 5 roles, the remaining 7 are made up of positions across Accounting & Finance, Financial Services Operations, Marketing, Internal Audit jobs and HR.

Fund Accounting positions with 10+ years of specific fund experience are required to carry out high level reporting but can command high rates, Marketing positions are gaining momentum with stakeholders recognising their importance and as a result, Head of Internal Communications has earned a place on the list. The Training & Development Specialist role within HR is integral to organisations as it provides employees with development opportunities to increase retention, resulting in an engaged workforce.

If you would like to find out about various other well paid roles from Q1, have a read through our sector specific reviews of the quarter.

Hakan Enver's picture
Managing Director
henver@morganmckinley.co.uk