Compliance Compensation Survey

Latest recruitment & Employment intelligence:

Compliance Professionals in the Driving Seat

"We surveyed 150 compliance professionals ahead of year-end. The results reveal that the majority of compliance professionals are expecting pay rises and bonuses.” Marina Law – Manager, Compliance Recruitment.

The future’s looking positive if you’re a compliance professional. Confidence levels are high and most respondents to our latest compensation survey are expecting a pay rise.

In fact, 78% are expecting a rise – expectations driven no doubt by increased regulatory pressure – leading to greater demand for compliance professionals’ skills. Whether these expectations are realistic given current market volatility remain to be seen but  it is likely that we’ll see significant movement in the new-year as specialists seek new challenges.  Three quarters say they are considering their career options at the moment and interestingly, the majority of specialists cite career progression as their main motivator for moving jobs. For further advice on setting bonus and salary levels call our compliance expert, Marina Law, on + 44 (0) 20 7509 8114

Fixed v variable compensation
With firms having adjusted their compensation packages over the past two years most compliance functions now have packages that are 80% fixed. 63% are satisfied with this arrangement, but tellingly 25% are dissatisfied, with 8% feeling very dissatisfied. Despite this, few are seeking a job change as a result of the make up of their package - most seem to have accepted the new status quo.

Compliance Survey Results at a glance

• 78% expect a pay rise this year
  
• 68% expect this pay rise to be between 1 and 6% of their salary
• 85% expect a bonus this year
• 58% expect this bonus to be 11% of thier salaries or more
• 72% are considering a career move once they've received their bonus
• 44% say career development is their primary motivation for moving jobs
  

About the survey
Our Compliance Recruitment Intelligence Survey 2011, conducted in September 2011, asked exactly 1600 respondents working in the operations, finance, risk and compliance functions of banks and financial services firms about pay and bonus expectations ahead of year-end. The respondents included 150 compliance professionals.