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2018 Compliance Salary Guide

Compliance Salary Guide

Written by Paul Zhong
Jan 31, 2018
Submitted by Paul Zhong on Wed, 01/31/2018 - 08:41

2018 expected salary ranges for compliance professionals in Singapore ranging from analyst and non-officer roles to director and senior director.

Compliance

Role Analyst/ Non-Officer Associate/ AVP/ Manager VP/ Snr Manager SVP/ Director Director/ Snr Director
Monitoring and Surveillance $40k - 100k $90k - $150k $130k - $190k $170k - $230k $230k - $300k
AML $40k - $90k $70k - $150k $130k - $190k $170k - $250k $230k - $320k
kYC $40k - $60k $55k - $70k $70k - $140k $130k - $200k $180k - $220k
Control Room $50k - $70k $65k - $160k $150k - $200k $180k - $300k $260k - $300k
Compliance Advisory $60k - $90k $90k - $180k $160k - $230k $180k - $260k $260k - $310k
Investigations - $60k - $120k $120k - $180k $180k - $250k $200k - $300k

Commentary on Compliance Roles and Remuneration in Singapore for 2018

In 2018 we anticipate compliance recruitment to continue the trend of steady growth that we saw in 2017. A number of financial institutions are growing their compliance teams especially within financial crime compliance. Increasingly, financial institutions are looking for their employees to specialise within specific areas of compliance as compared to the more generalist roles we saw in the past.

Due to the tightening from the various government regulators globally, as well as a low supply of qualified candidates, compliance recruitment has been highly competitive with multiple employers vying for a limited pool of experienced candidates. As such, salary levels can be competitive even in this tight employment market. Candidates with relevant experience can expect a 10-15% increase when they moving roles. 

Across financial services, we have seen companies giving 4% to 6% internal increments to employees and decent variable bonuses which is a good indication of the compliance recruitment market. As the demand for compliance professionals picks up at a steady rate, employers are taking a wait and watch approach.

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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