Hiring for Risk & Compliance in Australia.
Supply and demand have pivoted in 2023, and hiring managers are back in the driving seat with more candidates available. This is likely to shift in 2024 when the markets recover and businesses become more confident in their growth plans.
That said, we have seen some niche skills in strong demand, with cybersecurity, data and AI professionals needed for companies that are currently rethinking their approaches to data.
The average tenure for professionals in Risk & Compliance is currently around 2 to 3 years. At that point, junior professionals look to make their first move from professional services to industry and typically decide it’s time to look for more senior roles. If you want to retain this talent, providing managerial responsibilities should be a consideration.
Our survey found these top 3 things to successfully attract and hire talent in Risk & Compliance:
- 1
Flexible working patterns
- 2
Offering career progression opportunities
- 3
Employer brand
In-demand roles.
- Senior Risk & Compliance Analyst
- Compliance Manager
- Cybersecurity Risk & Compliance
- ESG Risk Manager
- Internal Audit, Junior Manager
Valuable skill sets.
- Technology & Cybersecurity Compliance
- Privacy
- Quantitative Risk
- Regulatory Compliance
- Internal Audit
Up, down or flat? The state of salaries.
2023 has been a client-driven market, due to the scarcity of opportunities. As a result, we’ve seen more lateral moves, whilst candidates moving externally to a more senior role are getting increases of 10-12%. With more hiring demand expected for 2024, salaries could be pushed up as a result.
of Risk & Compliance professionals expect their salary to increase in the next year.
Risk & Compliance salaries in Australia
| Job Title | Sector | Sub Sector | Location | |||
|---|---|---|---|---|---|---|
| Job Title | Sector | Sub Sector | Location | Low | Median | High |
Chief Risk Officer Risk Management Risk Management |
Financial Services | Risk Management | Sydney | $280,000 | $350,000 | $600,000 |
Head of Market Risk Risk Management Risk Management |
Financial Services | Risk Management | Sydney | $240,000 | $280,000 | $300,000 |
Manager - Market Risk Risk Management Risk Management |
Financial Services | Risk Management | Sydney | $120,000 | $140,000 | $165,000 |
Senior Analyst - Operational Risk Risk Management Risk Management |
Financial Services | Risk Management | Sydney | $85,000 | $95,000 | $110,000 |
Manager - Operational Risk Risk Management Risk Management |
Financial Services | Risk Management | Sydney | $120,000 | $140,000 | $160,000 |
Senior Manager - Operational Risk Risk Management Risk Management |
Financial Services | Risk Management | Sydney | $160,000 | $170,000 | $190,000 |
Head of Operational Risk Risk Management Risk Management |
Financial Services | Risk Management | Sydney | $250,000 | $350,000 | $500,000 |
Compliance Analyst Compliance Compliance |
Commerce and Industry | Compliance | Sydney | $80,000 | $90,000 | $100,000 |
Compliance Manager Compliance Compliance |
Commerce and Industry | Compliance | Sydney | $110,000 | $130,000 | $150,000 |
Senior Compliance Manager Compliance Compliance |
Commerce and Industry | Compliance | Sydney | $150,000 | $170,000 | $190,000 |
Head of Compliance Compliance Compliance |
Commerce and Industry | Compliance | Sydney | $200,000 | $250,000 | $380,000 |
Compliance Analyst Compliance Compliance |
Retail and Wealth | Compliance | Sydney | $85,000 | $95,000 | $100,000 |
Compliance Manager Compliance Compliance |
Retail and Wealth | Compliance | Sydney | $120,000 | $140,000 | $150,000 |
Head of Compliance Compliance Compliance |
Retail and Wealth | Compliance | Sydney | $250,000 | $350,000 | $500,000 |
Compliance Analyst Compliance Compliance |
Investment Banking | Compliance | Sydney | $100,000 | $110,000 | $120,000 |
Compliance Manager Compliance Compliance |
Investment Banking | Compliance | Sydney | $130,000 | $150,000 | $170,000 |
Senior Compliance Manager Compliance Compliance |
Investment Banking | Compliance | Sydney | $160,000 | $175,000 | $190,000 |
Head of Compliance Compliance Compliance |
Investment Banking | Compliance | Sydney | $260,000 | $350,000 | $500,000 |
Senior Compliance Analyst Compliance Compliance |
Financial Crime | Compliance | Sydney | $100,000 | $110,000 | $120,000 |
Compliance Manager Compliance Compliance |
Financial Crime | Compliance | Sydney | $120,000 | $130,000 | $150,000 |
Senior Compliance Manager Compliance Compliance |
Financial Crime | Compliance | Sydney | $150,000 | $170,000 | $180,000 |
Head of Compliance Compliance Compliance |
Financial Crime | Compliance | Sydney | $210,000 | $240,000 | $280,000 |
Head of Anti Money Laundering Compliance Compliance |
Financial Crime | Compliance | Sydney | $250,000 | $350,000 | $480,000 |
Compliance Analyst Compliance Compliance |
Financial Crime | Compliance | Sydney | $80,000 | $90,000 | $110,000 |
Senior Compliance Analyst Compliance Compliance |
Regulatory Projects | Compliance | Sydney | $100,000 | $110,000 | $120,000 |
Compliance Manager Compliance Compliance |
Regulatory Projects | Compliance | Sydney | $130,000 | $140,000 | $150,000 |
Senior Compliance Manager Compliance Compliance |
Regulatory Projects | Compliance | Sydney | $150,000 | $160,000 | $180,000 |
Head of Compliance Compliance Compliance |
Regulatory Projects | Compliance | Sydney | $280,000 | $360,000 | $500,000 |
Download Your 2024 Risk & Compliance Salary Guide for Australia.
Permanent, temporary and contract salary data for a range of Risk & Compliance roles, as well as insights and advice to guide your talent strategies.
