Risk, compliance salaries on the rise

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Banks are looking for experiences candidates in 2013, and they are willing to up the price. According to the Robert Walters Salary Survey, compliance and risk managers in Brisbane can look forward to a pay-rise. The expected annual salary for 2013 will be $100-140k, up from $95-130 in 2012.

Employers are looking for those with established networks to generate business or reduce risk. Executives and financial/business analysts within risk and compliance were in high demand last year as institutions sought in-depth overviews of their 2011 performance and underwent extensive planning for the future.

In Melbourne, risk and compliance recruitment experienced peaks and troughs from month to month, and institutions continue to be cost-driven, focusing on hiring business analysts who can identify cost savings. Compliance analysts are in hot demand, with their pay rates going up to $105k per annum.

Figures for risk and compliance professionals in Melbourne:

Job description

Permanent salary per annum

2012                    2013

Contract rate per hour

2012                    2013

Compliance manager

$110-160k

$110-160k

$55-80

$55-80

Compliance analyst

$65-95k

$70-105k

$30-50

$35-55

Operational risk manager

$100-160k

$100-160k

$50-80

$50-80

Operational risk analyst

$70-95k

$70-95k

$35-50

$35-50

Credit risk analyst

$70-120k

$70-120k

$35-60

$35-60

Credit risk analysts in Adelaide can look forward to a pay increase if they have a couple of years’ experience. Six-plus years will get you $80k or more, instead of $75k and those with 3-5 years’ experience will jump up to $70-80k from $65-75k. Those with less than three years’ experience are steady on $65k.

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