Salary Guide 2017: Compliance

Tuesday, January 31, 2017

Compliance professionals are proving to be increasingly in demand

2016 has seen a significant growth for recruitment within compliance as organisations seek to attract experienced talent. We have seen that the primary focus for hiring managers is candidates with 3 plus years of experience across all areas of compliance.

Interim Compliance Rates

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Head of Compliance/
Regulatory
0 - 3 50 - 66 48 - 64 46 - 62 46 - 62
3 - 5 66 - 75 64 - 73 64 - 73 64 - 73
5+ 76 - 85 74 - 83 74 - 83 74- 83
Compliance Manager/
Regulatory Manager
0 - 3 30 - 38 28 - 36 26 - 34 28 - 34
3 - 5 38 - 45 36 - 44 36 - 44 36 - 44
5+ 45 - 55 44 - 53 44 - 53 44 - 53
Compliance Supervisor/
Regulatory Supervisor
0 - 3 25 - 28 24 - 27 24 - 27 24 - 27
3 - 5 28 - 30 27 - 29 27 - 29 27 - 29
5+ 30 - 33 29 - 32 29 - 32 29 - 32
Regulatory Officer 0 - 3 15 - 18 14 - 17 14 - 17 14 - 17
3 - 5 18 - 25 17 - 24 17 - 24 17 - 24
5+ 25 - 28 24 - 27 24 - 27 24 - 27
Compliance Officer 0 - 3 15 - 20 14 - 19 14 - 19 14 - 19
3 - 5 20 - 30 19 - 28 19 - 28 19 - 28
5+ 30 - 38 28 - 36 28 - 36 28 - 36
Compliance Analyst 0 - 3 18 - 23 16 - 22 16 - 22 16 - 22
3 - 5 23 - 33 22 - 30 22 - 30 22 - 30
5+ 33 - 38 30 - 36 30 - 36 30 - 36
Head of AML/Financial Crime 0 - 3 45 - 60 42 - 56 42 - 56 42 - 56
3 - 5 60 - 75 56 - 72 56 - 72 56 - 72
5+ 75 - 85 72 - 83 72 - 83 72 - 83
AML/Financial Crime Manager 0 - 3 30 - 38 28 - 36 28 - 36 28 - 36
3 - 5 38 - 45 36 - 44 36 - 44 36 - 44
5+ 45 - 50 44 - 48 44 - 48 44 - 48
AML/Financial Crime Supervisor 0 - 3 21 - 25 19 - 24 19 - 24 19 - 24
3 - 5 25 - 28 24 - 27 24 - 27 24 - 27
5+ 28 - 30 27 - 29 27 - 29 27 - 29
AML/Financial Crime Officer 0 - 3 15 - 18 14 - 17 14 - 17 14 - 17
3 - 5 18 - 20 17 - 19 17 - 19 17 - 19
5+ 20 - 23 19 - 22 19 - 22 19 - 22
Onboarding 0 - 3 13 - 18 12 - 17 12 - 17 12 - 17
3 - 5 18 - 28 17 - 26 17 - 26 17 - 26
5+ 28 - 35 26 - 33 26 - 33 26 - 33
KYC Manager 0 - 3 20 - 23 18 - 21 18 - 21 18 - 21
3 - 5 23 - 28 21 - 26 21 - 26 21 - 26
5+ 28 - 35 26 - 34 26 - 34 26 - 34
KYC Supervisor 0 - 3 18 - 20 17 - 19 17 - 19 17 - 19
3 - 5 20 - 25 19 - 24 19 - 24 19 - 24
5+ 25 - 30 24 - 29 24 - 29 24 - 29
KYC Officer 0 - 3 13 - 18 12 - 16 12 - 16 12 - 16
3 - 5 18 - 28 16 - 26 16 - 26 16 - 26
5+ 28 - 35 26 - 33 26 - 33 26 - 33
KYC Analyst 0 - 3 15 - 18 14 - 17 14 - 17 14 - 17
3 - 5 18 - 20 17 - 19 17 - 19 17 - 19
5+ 20 -25 19 - 24 19 - 24 19 - 24
Head of Data Governance 0 - 3 40 - 43 38 - 42 38 - 42 38 - 42
3 - 5 43 - 45 42 - 43 42 - 43 42 - 43
5+ 45 - 50 43 - 48 43 - 48 43 - 48
Data Governance Manager 0 - 3 25 - 28 24 - 27 24 - 27 24 - 27
3 - 5 28 - 33 27 - 32 27 - 32 27 - 32
5+ 33 - 35 32 - 34 32 - 34 32 - 34
Data Governance Analyst 0 - 3 13 - 14 12 - 13 12 - 13 12 - 13
3 - 5 14 - 16 13 - 15 13 - 15 13 - 15
5+ 16 - 18 15 - 17 15 - 17 15 - 17
Head of Conduct Risk 0 - 3 30 - 35 28 - 32 28 - 32 28 - 32
3 - 5 35 - 40 32 - 38 32 - 38 32 - 38
5+ 40 - 50 38 - 46 38 - 46 38 - 46
Conduct Risk Manager 0 - 3 25 - 30 23 - 28 23 - 28 23 - 28
3 - 5 30 - 38 28 - 36 28 - 36 28 - 36
5+ 38 - 45 36 - 43 36 - 43 36 - 43
Conduct Risk Officer 0 - 3 23 - 28 21 - 26 21 - 26 21 - 26
3 - 5 28 - 33 26 - 31 26 - 31 26 - 31
5+ 33 - 38 31 - 35 31 - 35 31 - 35

Compliance Salary Guide

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Head of Compliance/
Regulatory
0 - 3 100k -125k   90k - 110k 90k-110k 90k - 110k
3 - 5 125k -150k  110k - 140k 110k-140k 110k - 140k
5+ 150k -170k 140k - 150k 140k-150k 140k - 150k
Compliance Manager/
Regulatory Manager
0 - 3  60k - 75k 57k - 72k  55k - 70k 55k - 70k
3 - 5 75k - 90k 72k - 85k  70k - 80k 70k - 80k
5+  90k-110k   85k - 100k  80k - 95k 80k - 95k
Compliance Supervisor/
Regulatory Supervisor
0 - 3 50k - 55k 48k - 52k  45k - 50k 45k - 50k
3 - 5 55k - 60k 52k - 55k 50k - 55k 50k - 55k
5+ 60k - 65k 55k - 65k 55k - 60k 55k - 60k
Regulatory Officer 0 - 3 30k - 35k 27k - 35k 25k - 33k 25k - 33k
3 - 5 35k - 50k 35k - 48k 33k - 45k 33k - 45k
5+ 50k - 55k 48k - 55k 45k - 53k 45k - 53k
Compliance Officer 0 - 3 30k - 40k 30k - 40k 25k - 30k 25k - 30k
3 - 5 40k - 60k 40k - 50k 30k - 40k 30k - 40k
5+ 60k - 70k 50k - 60k 40k - 45k 40k - 45k
Compliance Analyst 0 - 3 35k - 45k 27k - 37k 27k - 37k 27k - 37k
3 - 5 45k - 55k 37k - 50k 37k - 50k 37k - 50k
5+ 55k - 75k 50k - 63k 50k - 63k 50k - 63k
Head of AML/Financial Crime 0 - 3 90k-120k 75k - 85k 75k - 85k 75k - 85k
3 - 5 120k-150k   85k - 95k 85k - 95k 85k - 95k
5+ 150k -170k 95k-115k  95k-115k  95k-115k
AML/Financial Crime Manager 0 - 3 60k - 75k 55k - 65k 55k - 65k 55k - 65k
3 - 5 75k - 90k 65k - 75k 65k - 75k 65k - 75k
5+ 90k - 100k 75k - 85k 75k - 85k 75k - 85k
AML/Financial Crime Supervisor 0 - 3 42k - 50k 35k - 40k 35k - 40k 35k - 40k
3 - 5 50k - 55k 40k - 45k 40k - 45k 40k - 45k
5+ 55k - 60k 45k - 50k 45k - 50k 45k - 50k
AML/Financial Crime Officer 0 - 3 30k - 35k 25k - 30k 25k - 30k 25k - 30k
3 - 5 35k - 40k 30k - 35k 30k - 35k 30k - 35k
5+ 40k - 45k 35k - 45k 35k - 45k 35k - 45k
Onboarding 0 - 3 25k - 35k 23k - 33k 23k - 33k 23k - 33k
3 - 5 35k - 55k 33k - 53k 33k - 53k 33k - 53k
5+ 55k - 70k 53k - 65k 53k - 65k 53k - 65k
KYC Manager 0 - 3 40k - 45k 35k - 40k 35k - 40k 35k - 40k
3 - 5 45k - 55k 40k - 50k 40k - 50k 40k - 50k
5+ 55k - 65k 50k - 60k 50k - 60k 50k - 60k
KYC Supervisor 0 - 3 35k - 40k 30k - 35k 30k - 35k 30k - 35k
3 - 5 40k - 50k 35k - 45k 35k - 45k 35k - 45k
5+ 50k - 60k 45k - 55k 45k - 55k 45k - 55k
KYC Officer 0 - 3 25k - 35k 23k - 33k 23k - 33k 23k - 33k
3 - 5 35k - 55k 33k - 45k 33k - 45k 33k - 45k
5+ 55k - 70k 45k - 60k 45k - 60k 45k - 60k
KYC Analyst 0 - 3 30k - 35k 28k - 30k 28k - 30k 28k - 30k
3 - 5 35k - 40k 30k - 35k 30k - 35k 30k - 35k
5+ 40k - 50k 35k - 45k 35k - 45k 35k - 45k
Head of Data Governance 0 - 3 80k - 85k 65k - 75k 65k - 75k 65k - 75k
3 - 5 85k - 90k 75k - 85k 75k - 85k 75k - 85k
5+ 90k - 100k 85k - 95k 85k - 95k 85k - 95k
Data Governance Manager 0 - 3 50k - 55k 40k - 50k 40k - 50k 40k - 50k
3 - 5 55k - 65k 50k - 60k 50k - 60k 50k - 60k
5+ 65k - 70k 60k - 65k 60k - 65k 60k - 65k
Data Governance Analyst 0 - 3 25k - 28k 22k - 25k 22k - 25k 22k - 25k
3 - 5 28k - 32k 25k - 28k 25k - 28k 25k - 28k
5+ 32k - 35k 28k - 32k 28k - 32k 28k - 32k
Head of Conduct Risk 0 - 3 60k - 70k 55k - 65k 55k - 65k 55k - 65k
3 - 5 70k - 80k 65k - 75k 65k - 75k 65k - 75k
5+    80k-100k    75k - 90k 75k - 90k 75k - 90k
Conduct Risk Manager 0 - 3 50k - 60k 45k - 55k 45k - 55k 45k - 55k
3 - 5 60k - 75k 55k - 65k 55k - 65k 55k - 65k
5+ 75k - 90k 65k - 80k 65k - 80k 65k - 80k
Conduct Risk Officer 0 - 3 45k - 55k 40k - 50k 40k - 50k 40k - 50k
3 - 5 55k - 65k 50k- 60k 50k- 60k 50k- 60k
5+ 65k - 75k 60k - 70k 60k - 70k 60k - 70k

Commentary on Compliance Roles and Remuneration in Ireland for 2017

Echoing last year we have seen numerous regulatory changes and new regulatory frameworks coming down from the (European Central Bank) ECB and then in turn the CBI (Central Bank of Ireland). Companies, in particular financial services organisations, are under increasing pressure to retain existing compliance professionals as well as recruit new talent.

Within compliance we have seen an increasing demand for professionals who hold the LCOI qualification. The main challenge that can be seen in this market is lack of available job seekers who hold the necessary qualifications and have sufficient relevant experience within their various fields.

With more senior positions in compliance, companies would have historically hired from other departments internally however in 2016 we have seen companies move away from this. As an increasing number of international financial services companies build out large compliance functions here in Dublin they have an internal talent shortage and have had to go to market on such roles. We have seen a soar in the number of companies recruiting externally for positions at the ‘head of’ and vice president level.

We have seen no significant change within the gender balance patterns in compliance, however it can be noted that there has been an increase in the number of females moving into more quantitative positions, in particular at a junior level.

With the under supply of locally based talent, we have seen larger financial services organisations target candidates with international regulatory and risk experience to fill positions. Candidates with such experience from Australia, Canada and the continent are proving to be very desirable.

We expect to see further Salary increases in 2017 as demand grows for experienced talent and as the ECB AND CBI continue to roll out new regulations that all financial services organisations will have to implement into their existing risk and compliance framework.

This orginally appeared on morganmckinley.ie