Risk Management
Hi All,
Would there be anyone be kind to advise me on this? Total 3 years working experience. 1 year in compliance, 2 years in risk management. I'm supporting the treasury division on Financial Institution Credit Risk & Counterparty Credit Risk. I'm also a Chartered FRM. How much would I be drawing if I jump to my next job, similar scope and function? Thanks in advance. |
I am also interested to know how much can a compliance officer get in a bank after 3 years of working?
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but it seem like the working conditions are not that good? may not be the same for all companies.. but stand chart doenst seem like too fun a place to be in http://www.********.sg/standard-char...40/?poskw=risk http://www.********.sg/salary/search/risk-salary-range/ |
For foreign banks basic should be 120k, plus bonus 160k+
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Compliance no where near astronomical bonuses
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120k for foreign banks sounds possible but not probable. My opinion is that you won't be anywhere close to that for a local bank. I would disagree with the 160k bonus even for a foreign bank. Seriously? Standard consensus among the bankers, large bonuses are tied to the revenue generating departments of the bank, that is trading, sales, M&A, IPO or the front office jobs. Compliance and Risk Management is not in that area. Short anecdote - I know a guy fairly well working at JPMorgan back office, a role booking the booking of trades for the traders. Not sure whether it is similar to that of the original poster. Anyway, granted that he was only there for a year plus, if he knew he was going to get 120k with a 160k bonus in two years time, I'm pretty sure he'll stay. :) Please don't get confuses that ANY job in a bulge bracket bank equals a 100k salary. |
so for a senior compliance(4 years working exp) in an international bank, how much are we looking at?
also do you guys think compliance is a good profession to be in the banking sector? prospects wise good? |
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Prospect not as good as FO, but stay in the industry long enough hitting 300k all-in should be no problem. |
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I am doing corporate credit risk, 1.5 years exp in back office ops, 2 years RM exp, 4.5 years credit exp. annual is ~ 76k excluding bonuses. |
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@ 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 |
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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. |
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. |
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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?
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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?
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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. |
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