Skip to content
Menu
rta_logo Executive Management Recruiting Agency
  • About Us
  • Services
    • Risk
    • Compliance
    • Our Markets
  • Our Team
  • Blog
  • Contact Us
  • Candidates
rta_logo Executive Management Recruiting Agency

Risk professionals in capital markets maintain strong compensation growth despite market issues.

New York / April 30, 2008 – Risk professionals in the capital markets saw their average total compensation increase by 7% in 2007 over 2006, with an 8% compound average growth rate (CAGR) since 2003. Increased bonuses continue to be the main driver, with 11% growth in cash bonus and 6% growth in non-cash bonus for 2007 over 2006. The highest growth rates in total compensation are for new risk managers (professionals with less than 6 years of experience) and less senior titles (Analyst, Associate, Senior Associate and Manager). These figures were reported in the fourth annual Professional Compensation Survey by Risk Talent Associates, a leading risk management executive search firm.

Despite the tumultuous credit markets, risk managers continue to be valued and rewarded. Sixteen percent of risk managers report changing jobs in the last two years, while 33% expect to change jobs in the next two years. These numbers have not changed significantly over the last few years and suggest ongoing stability in the market for risk management talent. Michael Woodrow, President of Risk Talent Associates, explains, “It does not appear that risk managers took the fall for issues in the markets and related losses at large companies. Firms recognize that a strong risk management team will sound the warning. Many of the firms hit hard by the sub-prime fallout could have averted major issues had the most senior business managers followed the advice of the risk managers.”

Woodrow went on to state, “Hiring in risk management slowed in the first quarter of 2008 as firms attempted to fill open positions with redeployed workers from other areas. However, we have already seen hiring pick up in the present quarter and expect it to remain strong for the rest of the year.” Firms in the capital markets continue to seek top risk talent as a competitive advantage- 93% fill positions through internal recruiting, 62% leverage retained search firms, 56% utilize job boards and 50% use contingency recruiting firms.

Over 600 risk professionals from the capital markets worldwide participated in the survey, with two-thirds representing the commercial and investment banking sectors. The survey notes that compensation for managers specializing in market risk or credit risk is almost equal, and only slightly less than compensation for those focused on enterprise risk. This represents a change from previous surveys where market risk compensation topped that for credit risk. In terms of geography, compensation for risk professionals in New York, Asia and Europe outpaces other regions. During the remainder of 2008, Risk Talent Associates will publish compensation surveys on asset management (including hedge funds), financial compliance, energy, consulting, software and corporate risk.

About Risk Talent Associates
Risk Talent Associates (www.risktalent.com) is the leading international executive search firm focused exclusively on positions in the fields of market, credit and operational risk, as well as financial compliance and risk technology. Risk Talent’s expertise, industry knowledge, proprietary network and dedicated focus shorten the recruiting process to deliver senior and mid-level risk managers in the capital markets, asset management, energy, consulting and software industries. Risk Talent has offices in New York, Chicago, London, and Hong Kong.

Contact:
Daniel Keppie
Public Relations
Risk Talent Associates
613.323.3655
dkeppie@risktalent.com

Industry Focus

Asset Management

Risk Talent Associates serves asset management firms including traditional asset managers, hedge funds,...

Capital Markets

Risk Talent Associates serves capital markets firms including investment banks, commercial banks, federal...

Global Corporations

Risk Talent Associates serves global corporations, including major corporations as well as their financial...

Healthcare 

Risk Talent serves hospitals, health insurance providers and healthcare organizations with risk and...

Oil/Energy & Renewables

Risk Talent Associates serves energy firms including firms that produce, transport and trade energy....

Risk Consulting

Risk Talent Associates serves risk consulting firms including consulting firms, administrators and ratings...

Software Analytics

Risk Talent Associates serves Software Analytics firms including risk management software developers....

News

  • Risk Management Recruitment Made Easy
    Hiring risk management professionals for your organization is often a difficult task.  You spend weeks reviewing tons...
  • Top Tips for Successful CyberSecurity Recruitment and Retention
    With cybercrime becoming a top global threat, businesses are increasingly looking for ways to secure their networks...
  • The Risk Recruitment Process: A Step-by-Step Guide for Corporate Recruiters
    The risk recruitment process is a complex and critical endeavor for corporate recruiters.  With the growing importance...
  • Finding the Right Fit: Risk Management Recruitment
    Risk management is an essential part of any organization, but finding the right risk management professional can...
  • CyberSecurity – Risk or Compliance Issue?
    For the past 16 years, I have had the pleasure of watching the risk and compliance professions...

Pages

About Us

Archives

  • April 2023
  • March 2023
  • August 2017
  • July 2017
  • November 2016
  • August 2014
  • July 2014
  • March 2013
  • January 2013
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • June 2010
  • January 2010

Categories

  • Blog (51)
  • healthcare risk (1)
  • PCAOB (1)
  • risk (5)
  • Trump risk (1)
  • volcker rule (1)
Phone: 312-940-7180

MARKET RISK | CREDIT RISK | OPERATIONAL RISK | FINANCIAL COMPLIANCE | RISK TECHNOLOGY | QUANTITATIVE FINANCE | JOBS

  • Home
  • About Us
  • Our Markets
  • Our Team
  • Risk Insights
  • Salary Surveys
  • Placements
  • News
  • Contact Us
  • Links
©2023 Executive Management Recruiting Agency | WordPress Theme by Superb WordPress Themes