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 technology, software companies experience 9% growth in compensation and salary

New York / September 20, 2005 – Total compensation and salary increased an average of 9% in 2005 over 2004 for professionals at risk technology and software companies, according to a Professional Compensation Survey released today by Risk Talent Associates, a leading risk management executive search firm.

The survey reports similar base salary levels for all risk professionals, regardless of years of experience, but much higher variability in salary and total compensation according to title. Most senior executives are taking home dramatically larger cash and non-cash bonuses. Managing directors and presidents at risk technology and software firms take home almost three times the bonuses awarded to vice presidents, and anywhere between four and seven times than those at a managerial level.

Michael Woodrow, President of Risk Talent Associates, stated, “The most senior executives reported non-cash bonuses that averaged around US $286,000 in 2005, up from $280,000 a year earlier. But the biggest leap came in the form of cash bonuses. In 2004, a managing director or president of a risk technology firm took home an average of $153,000. This year, the same individual could take home up to $204,000.”

Woodrow continued, “Professionals at risk technology and software firms are not only experts themselves in risk management but they have to be great business people. Some of the most senior of these men and women were involved in managing recent mergers and acquisitions, beginning with MSCI’s purchase of Barra last year, as well as Fitch Group’s acquisition of Algorithmics and a private equity firm’s purchase of SunGard in 2005. Risk technology and software professionals are valuable assets in today’s dynamic and growing financial services marketplace. Our clients in the software industry are always looking for top talent to help them take the next leap in product development and to market these complex risk models and systems to the industry.”

Roughly 100 professionals participated in the survey, with almost 25% reporting a change of jobs within the previous two years. Of those who did, 60% came from commercial and investment banking industries while the remaining came from other software and technology houses.

Risk Talent Associates also released a smaller compensation survey on corporate risk managers. This survey reports minor growth in total compensation and salaries in 2005, averaging 5.5% and 1.5% respectively. Average compensation rates are very similar for risk managers with 7 to 15 years of experience (US $255,000) and those with more than 16 years of experience ($265,000). Corporate risk managers with fewer than 7 years of experience receive on average $95,000 in total compensation. Cash bonuses made up roughly 40% of total compensation at the executive level, compared to 11% for risk analysts and risk managers. The survey also notes that 28% of respondents reported changing employers within the last two years, a figure that is consistent with most industry-segmented surveys released by Risk Talent Associates.

These reports are the second and third of four compensation surveys Risk Talent Associates is scheduled to release this month, which include studies of consulting, technology, corporate and energy risk managers. Risk Talent Associates has also released compensation surveys of risk professionals in the capital markets and asset management earlier this year.

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