Pressure from regulators, together with investment by employers in middle and back office functions, is driving salary growth for risk professionals in 2016, according to the latest Robert Walyers Salary Survey.
Permanent positions will see an average rise of 6% in London while contract positions are set to see salaries rise by 7%.
Roles in stress testing and credit risk modelling will see the highest salary growth at 15%, while operational risk roles are expected to see salaries grow by 10% on average.
“2016 will see continued emphasis on implementing new regulatory frameworks, with employers looking to attract top calibre staff to oversee these changes," said Rob Starkl, Manager for Risk Recruitment.
2016 will see continued emphasis on implementing new regulatory frameworks, with employers looking to attract top calibre staff to oversee these changes
Risk professionals in high demand
Roles which relate to analytics, methodology or governance are also expected to see salary growth, showing continued optimism for the risk market.
For contract positions, the most significant anticipated salary growth is for business analyst and project manager roles, with an average rise of 19%.
For mid level positions (typically professionals with 3-7 years experience) this expected growth is even higher, at 25%.
Professionals in high demand are those with experience in:
- FRTB (Fundamental Review of the Trading Book)
- BCBS (Basel Committee on Banking Supervision)
“The pressure from regulators to demonstrate sound financial practice has lead employers urgently attract top talent into risk roles associated with analytics and governance,” Rob continued.
Find out what you’re worth using the Robert Walters Salary Survey.