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2018 Risk Management Salary Guide

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11-01-2018
Submitted by global_admin on Thu, 01/11/2018 - 09:23
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Risk management salary ranges, comparable by years' experience, for 2018 including market risk, credit risk and operational risk salaries.

Risk Salaries

Role Years' Experience Dublin
Cork
Limerick
Waterford
Galway
Operational Risk Analyst 0 - 3 40k-55k 35k - 45k 35k - 42k 35k - 42k 35k - 42k
3 - 5 55k-65k 45k - 55k 42k - 55k 42k - 55k 42k - 55k
5+ 65k-75k 55k - 75k 55k - 70k 55k - 70k 55k - 70k
Operational Risk Manager 0 - 3 65k - 75k 65k - 75k 65k - 75k 65k - 75k 65k - 75k
3 - 5 75k - 85k 75k - 85k 75k - 80k 75k - 80k 75k - 80k
5+ 85k - 100k 85k - 100k 80k - 95k 80k - 95k 80k - 95k
Head of Operational Risk 0 - 3 85k - 100k 85k - 100k 75k - 90k 75k - 90k 75k - 90k
3 - 5 100k - 120k 100k - 120k 90k - 100k 90k - 100k 90k - 100k
5+ 120k - 150k 120k - 150k 100k - 130k 100k - 130k 100k - 130k
Credit Risk Analyst 0 - 3 30k - 40k 28k - 40k 28k - 40k 28k - 40k 28k - 40k
3 - 5 40k - 55k 40k - 55k 40k - 50k 40k - 50k 40k - 50k
5+ 55k - 70k 55k - 75k 50k - 65k 50k - 65k 50k - 65k
Credit Risk Manager 0 - 3 65k - 75k 65k - 75k 55k - 65k 55k - 65k 55k - 65k
3 - 5 75k - 85k 75k - 85k 65k - 75k 65k - 75k 65k - 75k
5+ 85k - 110k 85k - 110k 75k - 85k 75k - 85k 75k - 85k
Head of Credit Risk 0 - 3 90k - 110k 90k - 110k 85k - 95k 85k - 95k 85k - 95k
3 - 5 110k - 125k 110k - 125k 95k - 105k 95k - 105k 95k - 105k
5+ 125k - 160k 125k - 160k 105k - 125k 105k - 125k 105k - 125k
Enterprise Risk Analyst 0 - 3 40k - 55k 35k - 45k 35k - 45k 35k - 45k 35k - 45k
3 - 5 55k - 60k 45k - 55k 45k - 55k 45k - 55k 45k - 55k
5+ 60k - 75k 55k - 75k 55k - 70k 55k - 70k 55k - 70k
Enterprise Risk Manager 0 - 3 70k - 80k 65k - 75k 60k - 70k 60k - 70k 60k - 70k
3 - 5 80k - 90k 75k - 85k 70k - 80k 70k - 80k 70k - 80k
5+ 90k - 110k 85k - 100k 80k - 90k 80k - 90k 80k - 90k
Head of Enterprise Risk 0 - 3 85k - 100k 85k - 100k 85k - 100k 85k - 100k 85k - 100k
3 - 5 100k - 120k 100k - 120k 100k - 115k 100k - 115k 100k - 115k
5+ 120k - 150k 120k - 150k 115k - 140k 115k - 140k 115k - 140k
Financial Engineer 0 - 3 45k - 55k 35k - 55k 35k - 50k 35k - 50k 35k - 50k
3 - 5 55k - 70k 55k - 70k 50k - 65k 50k - 65k 50k - 65k
5+ 70k - 95k 70k - 95k 65k - 80k 65k - 80k 65k - 80k
Market Risk Analyst 0 - 3 40k - 55k 30k - 45k 28k - 42k 28k - 42k 28k - 42k
3 - 5 55k - 65k 45k - 55k 42k - 53k 42k - 53k 42k - 53k
5+ 65k - 75k 55k - 75k 53k - 65k 53k - 65k 53k - 65k
Market Risk Manager 0 - 3 70k - 80k 65k - 80k 65k - 75k 65k - 75k 65k - 75k
3 - 5 80k - 95k 80k - 95k 75k - 85k 75k - 85k 75k - 85k
5+ 95k - 120k 95k - 120k 85k - 100k 85k - 100k 85k - 100k
Head of Market Risk 0 - 3 110k - 110k 100k - 110k 70k - 85k 70k - 85k 80k - 95k
3 - 5 110k - 140k 110k - 140k 85k - 95k 85k - 95k 95k - 110k
5+ 140k - 200k 140k - 180k 95k - 110k 95k - 110k 110k - 120k
Risk Advisory - Profesional Services 0 - 3 50k - 60k 40k - 45k 40k - 45k 40k - 45k 40k - 45k
3 - 5 60k - 70k 45k - 65k 45k - 60k 45k - 60k 45k - 60k
5+ 70k - 85k 65k - 110k 60k - 85k 60k - 85k 60k - 85k
Business Modeller 0 - 3 40k - 55k 30k - 35k 30k - 35k 30k - 35k 30k - 35k
3 - 5 55k - 65k 35k - 50k 35k - 45k 35k - 45k 35k - 45k
5+ 65k - 85k 50k - 80k 45k - 70k 45k - 70k 45k - 70k
Quantitative Risk Analysis 0 - 3 45k - 60k 35k - 55k 28k - 42k 28k - 42k 28k - 42k
3 - 5 60k - 90k 55k - 80k 42k - 55k 42k - 55k 42k - 55k
5+ 90k - 120k 80k - 100k 55k - 75k 55k - 75k 55k - 75k
 

Commentary on Risk Management Roles and Remuneration in Ireland for 2018

As the complex regulations around financial services continue to grow we are seeing an increased demand in risk management. Data protection and cyber security continue to be at the forefront of these new regulations and with the impending general data protection regulation (GDPR) companies need professionals that can ensure their risk framework is ready and external risks are mitigated.

Over the latter half of 2017 companies started to execute their Brexit transformation plans which has been a key driver in the increased hiring within risk. As companies move their European headquarters to Ireland and international companies build out their risk function, the demand for cross-border experience has risen and as a result is starting to attract professionals with international experience back to Ireland.

Operational risk professionals experienced in governance and overseeing first line defense are continuing to be in demand. Enterprise risk is also an area of increased demand which is attracting high-calibre professional job seekers who see this as the future of risk from a top down perspective.

Risk is the one area where we are definitely seeing a more mobile workforce with professionals from London, Singapore, Luxembourg, New York, and further afield willing to relocate for the right role.  Although Ireland has a growing professional sector falling under the category of “risk”, there is room to grow and attracting talent from overseas is helping to build out further expertise.  We are also seeing Irish professionals who have worked in this space abroad relocating back to Ireland as this area has significantly matured. 

As the financial services sector becomes more competitive and regulations become more complex we expect to see a continued demand for risk professionals throughout 2018.  If there is a “hot” area in financial services, risk would be seen as nearing “red hot”.  An excellent area to retrain in if you are finding your specialism falling away - titles to look out for:

  • Enterprise risk manager
  • Operational risk consultant
  • Risk consultant
  • DPO
2020 Salary Guides

View the latest salary guide for recruitment insights, expected salaries and contract rates for professional roles in your region.

View salary guides
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