For entry level roles in foreign BBs, operational risk analysts start at 38k, credit risk at 42-45k, and market risk at 50-60k. I am not sure about the pay structure as progression goes on however. This is just for base. I hear that risk bonus is higher than that of back office roles, but how much higher I am not sure.

I'd like to also add that a growing number of people in risk come from MFE/PHD programs. Depending on their level of experience they may start out as AVP/associate level already.