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- With recent changes in regulatory policies and in the aftermath of the credit crunch, the demand for market and credit risk specialists has come to the fore during Q1 08, as institutions’ appetite for risk has inevitably tightened.
- Likewise there has been a rise in demand for quant specialists with strong product and time series skills, particularly on the model validation side, as institutions further develop their risk methodologies.
- Valuations is also a key growth area at present and this has led to opportunities for structured credit analysts, who have been made redundant following the collapse of the U.S subprime market, to move into positions within the valuations groups of major banks.
- In terms of compensation, the latest bonus round saw the majority of middle office risk staff receiving payouts in the region of 20 – 50% of basic salary.
- When changing roles, individuals are still able to command basic salary increases of circa 15 - 20%. For example, an associate level market risk analyst on a basic of £49,000 could expect a minimum salary rise of £7,000 to £56,000 in a new institution.
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