Risk Management

@ tier-1 bank, risk manager (with decision-making responsibility on bank risk limits + regulatory inflencing skills)
VP level - min 200k base, 20% bonus
ED level - min 250k base, 25% bonus
MD level -min 350k base, 35% bonus

Originally Posted by Unregistered

@ tier-1 bank, risk manager (with decision-making responsibility on bank risk limits + regulatory inflencing skills)
VP level - min 200k base, 20% bonus
ED level - min 250k base, 25% bonus
MD level -min 350k base, 35% bonus

Never heard of any MD that is paid <500k base, bonus is definitely much higher than 35% also....

Originally Posted by Donny

Yup, this is a little more accurate. Just curious, your bonus about half your annual?

ermmmm no my bonus is quite bad, maybe around 12.5% my annual ( like 1 month - 1.5 months).

For a trade-off I usually get to leave work before 6 (official knock-off: 5.30). Not many banks let you go back so early.

[az69648]

Dear All,

Thanks for kind replies. I graduated with 1st class in UOL, therefore started off in compliance and then made the switch to FI Credit. Drawing high 4 range which I find I'm quite underpaid for this role, though I understand getting promoted and rising internally doesn't guarantee a huge pay rise. Furthermore, its a small foreign bank.

What I do is to provide inputs on CSA as credit enhancements, FI Credit Reviews for Treasury Limits, tracking PFE for different product lines and also VaR and stress tests for different shock scenarios.

Originally Posted by az69648

Dear All,

Thanks for kind replies. I graduated with 1st class in UOL, therefore started off in compliance and then made the switch to FI Credit. Drawing high 4 range which I find I'm quite underpaid for this role, though I understand getting promoted and rising internally doesn't guarantee a huge pay rise. Furthermore, its a small foreign bank.

What I do is to provide inputs on CSA as credit enhancements, FI Credit Reviews for Treasury Limits, tracking PFE for different product lines and also VaR and stress tests for different shock scenarios.

I have always found FI credit to be quite niched somehow I think corporate credit has better prospects / opportunities. Or switch to be a FI RM instead?

[happyman]

I am holding a private engineering degree .. do i stand any chance of going risk management for foreign bank ?.. i dun mind start off with contract based and a 2k plus salary for a head start. any constructive advises?

[happyman]

I am holding a private engineering degree .. do i stand any chance of going risk management for foreign bank ?.. i dun mind start off with contract based and a 2k plus salary for a head start. any constructive advises?

Originally Posted by happyman

I am holding a private engineering degree .. do i stand any chance of going risk management for foreign bank ?.. i dun mind start off with contract based and a 2k plus salary for a head start. any constructive advises?

Seriously, not a single chance.
There are too many talents on the street with degrees and masters.
IB are down sizing and woul suggest you have a related degrees to play on a common ground.