Hiring for Legal, Risk & Compliance in Hong Kong SAR.
The demand to hire across Legal, Risk and Compliance has been steady throughout 2023. Despite a conservative approach to recruitment in the banking industry, top risk and compliance professionals have been sought after due to many relocating.
Hiring contractors has been a growing and prominent solution for banks faced with headcount issues, as well as helping to meet ad-hoc regulatory requests or remediation needs. We expect this trend to continue growing.
We’ve also witnessed a rise in aggressive counteroffers as companies strive to hold onto their top performers in the face of heavier workloads and attempts from competitors to poach their staff.
Our survey found these top 3 things to successfully attract and hire talent in Legal, Risk & Compliance:
- 1
Flexible working patterns
- 2
Offering career progression opportunities
- 3
Employer brand
In demand roles
- Documentation negotiator
- Legal Counsel (Equities)
- Legal Counsel (FICC)
- Legal Counsel (Data Privacy)
- Legal Counsel (Asset Management)
- Credit Risk Manager
- Market Risk Manager
- Risk Analytics Manager
- Technology Risk Manager
- Investment Risk Manager
- Equities Compliance Officer
- FICC Compliance Officer
- Trade Surveillance
- Control Room
- AML Manager
Valuable skill sets
- Equity Derivatives
- Data Privacy
- FICC
- Trading Agreements
- Fund Management
- Credit Risk
- Market Risk
- Risk Analytics and Modeling
- Technology Risk
- Investment Risk
- Cross-border Regulatory Knowledge
- Markets Compliance
- ACAMS AML
- Regulatory and Financial Crime Compliance
- Trade Surveillance
Up, down or flat? The state of salaries.
Salaries have increased for entry-level hires as companies look to entice early joiners who they can nurture into long-standing employees. This must be done carefully though, and existing staff salaries must be benchmarked against them to ensure employee satisfaction is maintained.
As an alternative to offering significant salary increases - in light of budget constraints - companies continue to provide flexibility in working patterns as an attraction and retention strategy.
of Legal, Risk & Compliance hiring managers expect salary offers to increase for certain roles in the next year.
Legal, Risk & Compliance salaries in Hong Kong SAR
| Job Title | Sector | Sub Sector | Location | |||
|---|---|---|---|---|---|---|
| Job Title | Sector | Sub Sector | Location | Low | Median | High |
Risk Manager Monthly rate |
Risk Management | Hong Kong SAR | $45,000 | $60,000 | $80,000 | |
Head of Risk Monthly rate |
Risk Management | Hong Kong SAR | $100,000 | $150,000 | $200,000 | |
Market Risk Analyst Monthly rate |
Risk Management | Hong Kong SAR | $25,000 | $40,000 | $50,000 | |
Market Risk Manager Monthly rate |
Risk Management | Hong Kong SAR | $45,000 | $60,000 | $80,000 | |
Head of Market Risk Monthly rate |
Risk Management | Hong Kong SAR | $100,000 | $130,000 | $200,000 | |
Credit Risk Analyst Monthly rate |
Risk Management | Hong Kong SAR | $25,000 | $40,000 | $50,000 | |
Credit Risk Manager Monthly rate |
Risk Management | Hong Kong SAR | $45,000 | $60,000 | $80,000 | |
Operational Risk Analyst Monthly rate |
Risk Management | Hong Kong SAR | $25,000 | $40,000 | $50,000 | |
Operational Risk Manager Monthly rate |
Risk Management | Hong Kong SAR | $45,000 | $60,000 | $80,000 | |
Business Continuity Manager Monthly rate |
Risk Management | Hong Kong SAR | $60,000 | $80,000 | $100,000 | |
Quant Analyst Monthly rate |
Risk Management | Hong Kong SAR | $35,000 | $45,000 | $60,000 | |
General Counsel Monthly rate |
Legal | Hong Kong SAR | $120,000 | $220,000 | $300,000 | |
Head of Legal Monthly rate |
Legal | Hong Kong SAR | $120,000 | $220,000 | $300,000 | |
In-house Solicitor Monthly rate |
Legal | Hong Kong SAR | $80,000 | $150,000 | $200,000 | |
Legal & Compliance Manager / Director Monthly rate |
Legal | Hong Kong SAR | $80,000 | $150,000 | $250,000 | |
Company Secretary Monthly rate |
Legal | Hong Kong SAR | $40,000 | $70,000 | $100,000 | |
Paralegal Monthly rate |
Legal | Hong Kong SAR | $35,000 | $45,000 | $70,000 | |
Contracts Manager Monthly rate |
Legal | Hong Kong SAR | $40,000 | $70,000 | $100,000 | |
Documentation Negotiator Monthly rate |
Legal | Hong Kong SAR | $25,000 | $45,000 | $70,000 | |
Compliance Advisory Monthly rate |
Compliance | Hong Kong SAR | $45,000 | $60,000 | $100,000 | |
Compliance Corporate Finance Advisory Monthly rate |
Compliance | Hong Kong SAR | $45,000 | $60,000 | $100,000 | |
Compliance Assistant Monthly rate |
Compliance | Hong Kong SAR | $20,000 | $30,000 | $40,000 | |
Compliance Generalist Monthly rate |
Compliance | Hong Kong SAR | $45,000 | $60,000 | $100,000 | |
Head of Compliance Monthly rate |
Compliance | Hong Kong SAR | $130,000 | $180,000 | $250,000 | |
Compliance Manager (FS) Monthly rate |
Compliance | Hong Kong SAR | $50,000 | $80,000 | $130,000 | |
Compliance Monitoring Officer Monthly rate |
Compliance | Hong Kong SAR | $40,000 | $55,000 | $75,000 | |
Compliance Officer Monthly rate |
Compliance | Hong Kong SAR | $25,000 | $40,000 | $50,000 | |
Compliance Regulatory Officer Monthly rate |
Compliance | Hong Kong SAR | $25,000 | $40,000 | $50,000 | |
Compliance Testing and Reviews Monthly rate |
Compliance | Hong Kong SAR | $30,000 | $55,000 | $80,000 | |
Compliance DCM Advisory Monthly rate |
Compliance | Hong Kong SAR | $40,000 | $70,000 | $150,000 | |
Compliance ECM Advisory Monthly rate |
Compliance | Hong Kong SAR | $40,000 | $70,000 | $150,000 | |
Legal Compliance Manager / Director Monthly rate |
Compliance | Hong Kong SAR | $100,000 | $150,000 | $200,000 | |
AML Analyst Monthly rate |
Compliance | Hong Kong SAR | $25,000 | $55,000 | $75,000 | |
AML Manager Monthly rate |
Compliance | Hong Kong SAR | $50,000 | $70,000 | $100,000 | |
Head of AML Monthly rate |
Compliance | Hong Kong SAR | $120,000 | $160,000 | $250,000 | |
Investigations Officer Monthly rate |
Compliance | Hong Kong SAR | $25,000 | $40,000 | $50,000 | |
Fraud Analyst Monthly rate |
Compliance | Hong Kong SAR | $30,000 | $55,000 | $75,000 | |
DMLRO Monthly rate |
Compliance | Hong Kong SAR | $65,000 | $120,000 | $180,000 | |
MLRO Monthly rate |
Compliance | Hong Kong SAR | $80,000 | $120,000 | $200,000 | |
Financial Crime Officer Monthly rate |
Compliance | Hong Kong SAR | $25,000 | $40,000 | $50,000 | |
KYC Analyst Monthly rate |
Compliance | Hong Kong SAR | $20,000 | $35,000 | $45,000 | |
KYC Manager Monthly rate |
Compliance | Hong Kong SAR | $35,000 | $80,000 | $100,000 | |
Head of KYC Monthly rate |
Compliance | Hong Kong SAR | $100,000 | $120,000 | $150,000 | |
Periodic Reviews Monthly rate |
Compliance | Hong Kong SAR | $40,000 | $75,000 | $125,000 |
Download Your 2024 Legal, Risk & Compliance Salary Guide for Hong Kong SAR.
Permanent, temporary and contract salary data for a range of Legal, Risk & Compliance roles, as well as insights and advice to guide your talent strategies.
