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2018 Financial Services Operations Salary Guide

2018 Financial Services Operations Salary Guide

14-02-2018
Submitted by Anonymous (not verified) on Wed, 02/14/2018 - 06:36
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The Tokyo financial services operations salary guide includes salaries for operations professionals working in Financial Services, Asset Management and Corporate Banking.

Contents: Operations in Project, Change Management | Operations in Investment Banking | Operations in Asset Management | Operations in Corporate Banking

Operations Salaries in Project and Change Management

  Basic Salaries (¥ Million Per Annum)
Role: Analyst /
Non-Officer
Associate /
AVP / Manager
VP /
Senior Manager
SVP /
Director
Director /
Senior Director
Business Analyst 7 - 9 10 - 14 14 - 20 18 - 22 22+
Business Management 7 - 9 9 - 13 14 - 20 18 - 26 24+
Project Manager 6 - 8.5 8 - 14 14 - 20 18 - 22 22+
 

Operations Salaries in Investment Banking

  BASIC SALARIES (¥ MILLION PER ANNUM)
Role: Analyst Associate VP Director Managing Director
Settlements 5.5 - 7 7.5 - 12 10 - 18 18 - 24 26+
Shared Services 5.5 - 7.5 8 - 13 12 - 20 18 - 24 26+
Operations Control 5.5 - 8 8 - 14 12 - 20 18 - 24 26+
Trade / Sales Support 6 - 8 8 - 14 12 - 21 18 - 25 28+
 

Commentary on Financial Services Operations in Project, Change Management AND Investment Banking  in Tokyo for 2018

It was a mixed year for Operations in Investment Banking. After a very slow start to the year, the market began to pick up at the end of spring. Foreign organisations were particularly busy, with most banks hiring at analyst to junior VP level. There were many new roles including some positions that were repatriated to Japan from Singapore and Hong Kong, as well as new headcount within operations control, KYC/client onboarding, regulatory operations and client services. The result was increased candidate mobility, which in turn meant more turnover in the market leading to a number of replacement roles opening. With most foreign banks hiring, there has been increased competition in the market for junior talent and we have seen many banks prepared to offer a premium on salaries.

Steven Howden | Manager | Financial Services 

Operations Salaries in Asset Management

  Basic Salaries (¥ Million Per Annum)
Role: Analyst /
Non-Officer
Associate /
AVP
VP /
Senior Manager
SVP /
Director
Director /
ED/MD
Compliance 6.5 - 9 9 - 11.5 11.5 - 18 12 - 21 14 - 28
Performance Analyst 6.5 - 8 7 - 11 11.5 - 14 13 - 21 15 - 28
Client Reporting (Institutional & Retail) 5.5 - 8 7 - 9 9 - 12 11 - 16 15 - 21
Documentation, RFP 6.5 - 8 8 - 11 11 - 13 12 - 15 15+
Operations - Fund Accounting / Pension Accounting 6.5 - 7.5 6.5 - 8.7 8.5 - 11 10 - 14 11 - 18
Accounting 5 - 7.8 7 - 9 9 - 12 12 - 15 12 - 16
Assistant(Sales,Division) 5 - 7.5 7.5 - 9 9 - 11 9 - 12 12+
HR 5 - 7.8 8 - 10 12 - 16 15 - 18 20 - 26
 

Commentary on Financial Services Operations in Asset Management Roles in Tokyo for 2018

There was some significant movement in the front office divisions of the asset management industry, especially in the sales and product management functions.  As a result we saw increased demand within the following areas.  

  1. Marketing, Sales support
  2. RFP/RFI (This is especially for the institutions area)

The above positions were directly linked to the increased hiring in the sales teams , but we also saw  demand for the following back office functions as well. 

  1. Legal & Compliance A number of senior professionals moved which often resulted in their subordinates moving as well. 
  2. Client reporting (especially the for the institutional business)
  3. Fund operations 


Tsuguo Kohno | Director | Asset Management, Private Banking

Operations Salaries in Corporate Banking

  BASIC SALARIES (¥ MILLION PER ANNUM)
Role: Analyst Associate VP Director Managing Director
Corporate Banking Operations 5 - 7 6 - 8  9 - 12  13 - 20 20 - 30
Transaction Banking Operations 6 - 8 9 - 11  10 - 15  16 - 20 25 - 30
Structured & Project Finance Operations 6 - 8 9 - 11  10 - 15  16 - 20 25 - 30
 

Commentary on Financial Services Operations in Corporate Banking Roles in Tokyo for 2018

The upcoming new Basel IV rules will mean more stringent  working capital requirements for financial institutions as well as  more regulation of their structured/asset based businesses. Both the Megabanks and Global Banks are making an effort to  improve their risk and control functions. We anticipate strong demand for professionals with  Compliance, AML, Audit and KYC experience.

Natale Marco Cottitto | Manager | Corporate Banking & Financial Services

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