The Risk Management and Compliance markets were home to some of the highest salaries for permanent roles throughout Q1.
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.
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|
The top 5 best paying roles seen in Q1 were all from either Compliance or Risk Management. 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.
Away from the top 5 roles, the remaining 7 are made up of positions across Accounting & Finance, Financial Services Operations, Marketing, Internal Audit 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.