2016 Fund Administration Salary & Benefits Guide - Contract & Interim

Susan Nix 12.01.2016

A look at 2016 contract rates for professionals working within fund administration.

The contract and interim funds sector has remained reasonably stable during 2015.

During the recession, funds recruitment shifted heavily towards the contract and temporary markets. In recent years firms have adopted less tentative hiring strategies and the demand has shifted back towards  permanent hires. Generally, this suits jobseekers who benefit from increased security and the defined career pathway of permanent employment.

Interim and contract demand in the sector is being driven by maternity leave, secondment cover and project-oriented roles requiring a funds background around regulation, technology and business transformation.

Regulatory changes in particular can create demand for specialist contract staff. The AIFMD (Alternative Investment Funds Manager Directive) that came into effect in July 2014 marked the most radical changes to funds industry regulation to date. Ireland has committed to be the first country to adopt the new UCITS V (Undertakings for Collective Investment in Transferable Securities) regulations, which incorporate AIFMD principles. These cover multiple areas of focus including transparency, risk management, valuations, delegation and business conduct. On top of this, FATCA and MIFID regulations continue to drive some hires.

Contract and interim staff can still command premium rates compared with permanent roles when they are required, but we would only see significant increases in day rates within niche areas of specialisation and certain systems-oriented projects where there may be a shortage of relevant talent.

 

Funds Administration

RoleYears'
Experience
Dublin
Cork
Limerick
Waterford
Managing Director0 - 365 - 7555 - 6555 - 6555 - 65
3 - 575 - 9065 - 8065 - 8065 - 80
5+90 - 9580 - 8780 - 8780 - 87
Head of Fund Accounting0 - 350 - 6045 - 5545 - 5545 - 55
3 - 560 - 7055 - 6555 - 6555 - 65
5+70 - 7565 - 7065 - 7065 - 70
Senior Fund Accounting Manager0 - 335 - 4332 - 4032 - 4032 - 40
3 - 543 - 5040 - 4540 - 4540 - 45
5+50 - 6045 - 5045 - 5045 - 50
Fund Accounting Manager0 - 325 - 3022 - 2722 - 2722 - 27
3 - 530 - 3527 - 3227 - 3227 - 32
5+35 - 4032 - 3532 - 3532 - 35
Fund Accounting Supervisor0 - 321 - 2317 - 2017 - 2017 - 20
3 - 523 - 2520 - 2220 - 2220 - 22
5+25 - 3022 - 2722 - 2722 - 27
Senior Fund Accountant0 - 316 - 1814 - 1614 - 1614 - 16
3 - 518 - 2016 - 1716 - 1716 - 17
5+20 - 2517 - 2117 - 2117 - 21
Fund Accountant0 - 312 - 1510 - 1310 - 1310 - 13
3 - 515 - 1813 - 1613 - 1613 - 16
5+18 - 2316 - 1816 - 1816 - 18
Head of Compliance0 - 350 - 6345 - 6045 - 6045 - 60
3 - 563 - 7560 - 7060 - 7060 - 70
5+75 - 8070 - 7570 - 7570 - 75
Compliance Manager0 - 330 - 3827 - 3627 - 3627 - 36
3 - 538 - 4536 - 4236 - 4236 - 42
5+45 - 5542 - 5042 - 5042 - 50
Compliance Supervisor0 - 325 - 2824 - 2624 - 2624 - 26
3 - 528 - 3026 - 2726 - 2726 - 27
5+30 - 3527 - 3227 - 3227 - 32
Compliance Officer0 - 315 - 2012 - 1712 - 1712 - 17
3 - 520 - 2517 - 2417 - 2417 - 24
5+25 - 3024 - 2724 - 2724 - 27
Head of AML0 - 340 - 4537 - 4237 - 4237 - 42
3 - 545 - 5042 - 4742 - 4742 - 47
5+50 - 6047 - 5747 - 5747 - 57
AML Manager0 - 330 - 3527 - 3227 - 3227 - 32
3 - 535 - 4032 - 3732 - 3732 - 37
5+40 - 4537 - 4237 - 4237 - 42
AML Supervisor0 - 321 - 2517 - 2017- 2017 - 20
3 - 525 - 2820 - 2320 - 2320 - 23
5+28 - 3022 - 2522 - 2522 - 25
AML Officer0 - 315 - 1812 - 1512 - 1512 - 15
3 - 518 - 2015 - 1715 - 1715 - 17
5+20 - 2517 - 2217 - 2217 - 22
Head of Custody0 - 345- 5540 - 5040 - 5040 - 50
3 - 555 - 6550 - 6150 - 6150 - 60
5+65- 7061 - 6661 - 6660 - 65
Senior Custody Manager0 - 335 - 4032 - 3732 - 3727 - 32
3 - 540 - 4537 - 4037 - 4032 - 35
5+45 - 5040 - 4240 - 4235 - 40
Custody Manager0 - 325 - 3022 - 2722 - 2720 - 22
3 - 530 - 3527 - 3027 - 3022 - 27
5+35 - 4030 - 3230 - 3227 - 30
Custody Supervisor0 - 320 - 2315 - 1715 - 1714 - 16
3 - 523- 2517 - 2217 - 2216 - 18
5+25- 3022 - 2522 - 2518 - 20
Custody Officer0 - 312 - 1510 - 1310 - 1310 - 12
3 - 515 - 1813 - 1513 - 1512 - 15
5+18 - 2315 - 1715 - 1715 - 18
Head of Trustee0 - 350 - 6045 - 5545 - 5540 - 45
3 - 560 - 7555 - 7055 - 7045 - 55
5+75 - 8070 - 7570 - 7555 - 60
Senior Trustee Manager0 - 335 - 4332 - 3732 - 3727 - 32
3 - 543 - 5037 - 4537 - 4532 - 35
5+50 - 5545 - 4745 - 4735 - 40
Trustee Manager0 - 325 - 3022 - 2722 - 2720 - 22
3 - 530 - 3527 - 3027 - 3022 - 27
5+35 - 4030 - 3230 - 3227 - 30
Trustee Officer0 - 316- 2015 - 1915 - 1915 - 19
3 - 520 - 2519 - 2219 - 2219 - 22
5+25 - 3020 - 2220 - 2220 - 22
Head of Transfer Agency0 - 350 - 6045 - 5545 - 5540 - 45
3 - 560 - 7055 - 6055 - 6045 - 50
5+70 - 7560 - 7060 - 7050 - 70
Senior Transfer Agency Manager0 - 340 - 4535 - 4235 - 4228 - 32
3 - 545 - 5042 - 4742 - 4732 - 40
5+50 - 6047 - 5247 - 5240 - 45
Transfer Agency Manager0 - 325 - 3020 - 2720 - 2720 - 25
3 - 530 - 3527 - 3227 - 3225 - 27
5+35 - 4032 - 3532 - 3527 - 30
Transfer Agency Supervisor0 - 321 - 2317 - 2017 - 2014 - 17
3 - 523 - 2520 - 2220 - 2217 - 19
5+25 - 3022 - 2522 - 2519 - 20
Senior Transfer Agency Administrator0 - 316 - 1815 - 1615 - 1613 - 14
3 - 518 - 1916 - 1716 - 1714 - 16
5+19 - 2317 - 1917 - 1916 - 18
Transfer Agency Administrator0 - 312 - 1510 - 1310 - 1310 - 12
3 - 515 - 1813 - 1413 - 1412 - 13
5+18 - 2014 - 1814 - 1813 - 17
Corporate Actions Manager0 - 323 - 2520 - 2220 - 2220 - 22
3 - 525 - 3022 - 2522 - 2522 - 25
5+30 - 3827 - 3027 - 3027 - 30
Corporate Actions Administrator0 - 312 -1411 - 1311 - 1311 - 13
3 - 514 - 1613 - 1513 - 1513 - 15
5+16 - 2315 - 2015 - 1815 - 18
Head of Relationship Management0 - 350 - 5845 - 5545 - 5545 - 55
3 - 558 - 6555 - 6055 - 6055 - 60
5+65 - 8060 - 6760 - 6760 - 67
Relationship Manager0 - 335 - 4332 - 4032 - 4032 - 40
3 - 543 - 5040 - 4540 - 4540 - 45
5+50 - 6045 - 5045 - 5045 - 50
Head of Client Services0 - 350 - 6045 - 5545 - 5545 - 55
3 - 560 - 6555 - 6055 - 6055 - 60
5+65 - 7560 - 6560 - 6560 - 65
Senior Client Services Manager0 - 338- 4535 - 4235 - 4235 - 42
3 - 545 - 5042 - 4742 - 4742 - 47
5+50 - 6047 - 5247 - 5247 - 52
Client Services Manager0 - 328 - 3325 - 3025 - 3025 - 30
3 - 533 - 3830 - 3530 - 3530 - 35
5+38 - 4535 - 4035 - 4035 - 40
Client Services Officer0 - 318 - 2315 - 2015 - 2015 - 20
3 - 523 - 2820 - 2520 - 2520 - 25
5+28 - 3325 - 2725 - 2725 - 27
Product Manager0 - 3280 - 360200 - 280200 - 250200 - 250
3 - 5360 - 420280 - 350250 - 330250 - 330
5+420 - 540350 - 450330 - 400330 - 400
Senior Product Manager0 - 3400 - 500400 - 450400 - 450400 - 450
3 - 5500 - 600450 - 600450 - 550450 - 550
5+600 - 800550 - 750550 - 650550 - 650
Funds / Portfolio Manager0 - 3375 - 475350 - 450350 - 450350 - 450
3 - 5475 - 575450 - 550450 - 550450 - 550
5+575 - 675550 - 650550 - 650550 - 650
Risk Manager0 - 3300 - 350225 - 300200 - 260200 - 260
3 - 5350 - 400300 - 375260 - 340260 - 340
5+400 - 500375 - 450340 - 400340 - 400
Senior Programme Manager0 - 3450 - 550350 - 450300 - 400300 - 400
3 - 5550 - 700450 - 600400 - 525400 - 525
5+700 - 800600 - 750525 - 650525 - 650
Programme Manager0 - 3400 - 500400 - 450400 - 450400 - 450
3 - 5500 - 600450 - 600450 - 550450 - 550
5+600 - 800550 - 750550 - 650550 - 650
Senior Project Manager0 - 3375 - 475350 - 450350 - 450350 - 450
3 - 5475 - 575450 - 550450 - 550450 - 550
5+575 - 675550 - 650550 - 650550 - 650
Project Manager0 - 3350 - 400300 - 350300 - 350300 - 350
3 - 5400 - 450350 - 450350 - 400350 - 400
5+450 - 650450 - 600400 - 450400 - 450
Business Analyst0 - 3180 - 220140 - 180140 - 180140 - 180
3 - 5220 - 280180 - 240180 - 220180 - 220
5+280 - 300240 - 260220 - 240220 - 240

 

Susan Nix's picture
Associate Director
snix@morganmckinley.com

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