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2019 Compliance and Risk Salary Guide

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20-12-2018
Submitted by global_admin on Thu, 12/20/2018 - 14:43
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2019 Salaries for Compliance professionals such as KYC Manager, Head of Data Governance & Operational Risk Analyst

Contents:

Compliance Salaries  (€)

  Dublin Cork Limerick Waterford Galway
Compliance Assistant
 
Low 25,000 25,000 23,000 23,000 23,000
High 45,000 40,000 38,000 38,000 38,000
Average 35,000 35,000 34,000 34,000 34,000
 
 
Head of Compliance
 
Low 90,000 80,000 75,000 75,000 75,000
High 180,000 150,000 130,000 120,000 130,000
Average 130,000 100,000 80,000 80,000 80,000
 
Compliance Manager
 
Low 65,000 55,000 50,000 50,000 50,000
High 100,000 85,000 80,000 80,000 80,000
Average 85,000 75,000 65,000 65,000 65,000
 
Compliance Officer
 
Low 40,000 35,000 28,000 28,000 28,000
High 60,000 55,000 50,000 50,000 50,000
Average 55,000 45,000 39,000 39,000 39,000
 
AML Analyst
 
Low 25,000 25,000 23,000 23,000 23,000
High 45,000 45,000 40,000 40,000 40,000
Average 35,000 35,000 32,000 32,000 32,000
 
Head of AML
 
Low 80,000 65,000 60,000 55,000 60,000
High 175,000 120,000 100,000 95,000 100,000
Average 100,000 80,000 65,000 60,000 65,000
 
 
AML Manager
 
Low 65,000 50,000 50,000 50,000 50,000
High 90,000 80,000 80,000 80,000 80,000
Average 70,000 60,000 60,000 60,000 60,000
 
DMLRO
 
Low 75,000 55,000 50,000 50,000 50,000
High 110,000 100,000 75,000 75,000 75,000
Average 85,000 80,000 60,000 60,000 60,000
 
MLRO
 
Low 80,000 40,000 35,000 35,000 35,000
High 150,000 80,000 65,000 65,000 65,000
Average 100,000 60,000 55,000 55,000 55,000
 
Financial Crime Officer
 
Low 40,000 35,000 23,000 23,000 23,000
High 75,000 45,000 42,000 42,000 42,000
Average 65,000 40,000 33,000 33,000 33,000
 
KYC Analyst
 
Low 32,000 28,000 26,000 26,000 26,000
High 45,000 40,000 40,000 40,000 40,000
Average 38,000 35,000 32,000 32,000 32,000
 
 
Head of KYC
 
Low 80,000 65,000 60,000 55,000 60,000
High 175,000 120,000 100,000 95,000 100,000
Average 100,000 80,000 65,000 60,000 65,000
 
KYC Manager
 
Low 65,000 55,000 50,000 50,000 50,000
High 90,000 85,000 80,000 80,000 80,000
Average 70,000 70,000 60,000 60,000 60,000
 

Risk Management Salaries  (€)

  Dublin Cork Limerick Waterford Galway
Head of Risk
 
Low 120,000 114,000 110,000 108,000 110,000
High 200,000 190,000 184,000 180,000 184,000
Average 150,000 143,000 138,000 135,000 138,000
 
Risk Manager
 
Low 70,000 67,000 64,000 63,000 64,000
High 100,000 95,000 92,000 90,000 92,000
Average 85,000 80,000 78,000 75,000 78,000
 
Market Risk Analyst
 
Low 55,000 52,000 51,000 50,000 51,000
High 75,000 71,000 69,000 68,000 69,000
Average 65,000 62,000 60,000 59,000 60,000
 
Head of Market Risk
 
Low 80,000 76,000 74,000 72,000 74,000
High 150,000 143,000 138,000 135,000 138,000
Average 110,000 105,000 101,000 99,000 101,000
 
Market Risk Manager
 
Low 60,000 57,000 55,000 54,000 55,000
High 90,000 86,000 83,000 81,000 83,000
Average 70,000 67,000 64,000 63,000 64,000
 
Operational Risk Analyst
 
Low 35,000 33,000 32,000 31,000 32,000
High 50,000 48,000 46,000 45,000 46,000
Average 45,000 43,000 41,000 40,000 41,000
 
Operational Risk Manager
 
Low 60,000 57,000 55,000 54,000 55,000
High 90,000 86,000 83,000 81,000 83,000
Average 70,000 67,000 64,000 63,000 64,000
 
 
Business Continuity Manager
 
Low 70,000 67,000 64,000 63,000 64,000
High 120,000 114,000 110,000 108,000 110,000
Average 85,000 81,000 78,000 77,000 78,000
 
Quant Analyst
 
Low 65,000 62,000 60,000 59,000 60,000
High 110,000 105,000 101,000 99,000 101,000
Average 80,000 76,000 74,000 72,000 74,000
 
Credit Analyst
 
Low 30,000 29,000 28,000 27,000 28,000
High 50,000 48,000 46,000 45,000 46,000
Average 40,000 38,000 37,000 36,000 37,000
 
Credit Risk Analyst
 
Low 30,000 29,000 28,000 27,000 28,000
High 50,000 57,000 55,000 54,000 55,000
Average 40,000 38,000 37,000 36,000 37,000
 
Head of Credit Risk
 
Low 120,000 114,000 110,000 108,000 110,000
High 180,000 171,000 167,000 162,000 167,000
Average 150,000 143,000 138,000 135,000 138,000
 
 

Commentary on Compliance and Risk Roles and Remuneration in Ireland for 2019


Compliance

As 2018 unfolded, we had some idea that Brexit would impact the financial services sector in Dublin but little clue that it would impact so immediately.

From a compliance perspective, the PCF-12 (Head of Compliance, Chief Compliance Officer) became a very important role to fill for many of the entities that were looking to set up or build out their functions in Dublin.  The CBI was (and is) very busy with fresh applications for these new / evolved entities building out in Dublin and as a part of this required the PCF-12 role to be filled by a very competent person on site in Dublin.

The trickle effect of this initial demand has impacted the local market greatly from a number of perspectives, salary inflation being the main market reaction.  Also, the teams being set up affected various levels across compliance functions - compliance monitoring, AML / MLRO, generalist compliance professionals were and are all in demand.  

The main sector affected has been banking where many of the applications through the CBI sit.  However other sectors have also looked for this talent on the back of increased activity and Brexit style recruitment, including payments and asset management.  

From a pure regulatory perspective - MIFID & the 4th directive have impacted the search for talent much like GDPR did in late 2017 and into early 2018.  Anyone with this exposure is in high demand either from a contract or permanent perspective.  We have also seen an increase in the demand for contractors in this space to fill the gap required within teams desperate for talent.  The momentum continues into 2019 with no visibility of a slow down as of yet.

Risk

Much like compliance, Brexit impacted risk across all specialisms throughout 2018 and is continuing on the supply of local talent.  The risk space across - quants / modelling, credit risk (wholesale & retail), market risk, operational and enterprise risk - are all in high demand within the Irish market.  

Within risk, organisations are having to go abroad to seek talent as well as take from the existing talent pool based in Dublin.  It is a healthy and vibrant market currently but on the brink of needing to seek talent from abroad especially for quants type professionals or market risk professionals - where local experience is almost at it’s full saturation.

The three lines of defence model is firmly embedded in regulated organisations and this has lead to an ever increasing evolution of experience in the risk space. Operational and enterprise risk continues to be in high demand across all risk teams.
 
Again we see the momentum continuing into 2019 but it's very difficult to see past the next 6-12 months.  However, it is fair to say that this level of recruitment will more than likely not continue for much longer as the pace has been frenetic on the back of exceptional circumstances.

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