2017 Compliance Salary Guide

2017 Compliance Salary Guide

Sarah Owen 01.01.2017

Compliance professionals are proving to be increasingly in demand

2016 has seen a significant growth for recruitment within compliance as organisations seek to attract experienced talent. We have seen that the primary focus for hiring managers is candidates with 3 plus years of experience across all areas of compliance.

Interim Compliance Rates

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Head of Compliance/
Regulatory
0 - 350 - 6648 - 6446 - 6246 - 62
3 - 566 - 7564 - 7364 - 7364 - 73
5+76 - 8574 - 8374 - 8374- 83
Compliance Manager/
Regulatory Manager
0 - 330 - 3828 - 3626 - 3428 - 34
3 - 538 - 4536 - 4436 - 4436 - 44
5+45 - 5544 - 5344 - 5344 - 53
Compliance Supervisor/
Regulatory Supervisor
0 - 325 - 2824 - 2724 - 2724 - 27
3 - 528 - 3027 - 2927 - 2927 - 29
5+30 - 3329 - 3229 - 3229 - 32
Regulatory Officer0 - 315 - 1814 - 1714 - 1714 - 17
3 - 518 - 2517 - 2417 - 2417 - 24
5+25 - 2824 - 2724 - 2724 - 27
Compliance Officer0 - 315 - 2014 - 1914 - 1914 - 19
3 - 520 - 3019 - 2819 - 2819 - 28
5+30 - 3828 - 3628 - 3628 - 36
Compliance Analyst0 - 318 - 2316 - 2216 - 2216 - 22
3 - 523 - 3322 - 3022 - 3022 - 30
5+33 - 3830 - 3630 - 3630 - 36
Head of AML/Financial Crime0 - 345 - 6042 - 5642 - 5642 - 56
3 - 560 - 7556 - 7256 - 7256 - 72
5+75 - 8572 - 8372 - 8372 - 83
AML/Financial Crime Manager0 - 330 - 3828 - 3628 - 3628 - 36
3 - 538 - 4536 - 4436 - 4436 - 44
5+45 - 5044 - 4844 - 4844 - 48
AML/Financial Crime Supervisor0 - 321 - 2519 - 2419 - 2419 - 24
3 - 525 - 2824 - 2724 - 2724 - 27
5+28 - 3027 - 2927 - 2927 - 29
AML/Financial Crime Officer0 - 315 - 1814 - 1714 - 1714 - 17
3 - 518 - 2017 - 1917 - 1917 - 19
5+20 - 2319 - 2219 - 2219 - 22
Onboarding0 - 313 - 1812 - 1712 - 1712 - 17
3 - 518 - 2817 - 2617 - 2617 - 26
5+28 - 3526 - 3326 - 3326 - 33
KYC Manager0 - 320 - 2318 - 2118 - 2118 - 21
3 - 523 - 2821 - 2621 - 2621 - 26
5+28 - 3526 - 3426 - 3426 - 34
KYC Supervisor0 - 318 - 2017 - 1917 - 1917 - 19
3 - 520 - 2519 - 2419 - 2419 - 24
5+25 - 3024 - 2924 - 2924 - 29
KYC Officer0 - 313 - 1812 - 1612 - 1612 - 16
3 - 518 - 2816 - 2616 - 2616 - 26
5+28 - 3526 - 3326 - 3326 - 33
KYC Analyst0 - 315 - 1814 - 1714 - 1714 - 17
3 - 518 - 2017 - 1917 - 1917 - 19
5+20 -2519 - 2419 - 2419 - 24
Head of Data Governance0 - 340 - 4338 - 4238 - 4238 - 42
3 - 543 - 4542 - 4342 - 4342 - 43
5+45 - 5043 - 4843 - 4843 - 48
Data Governance Manager0 - 325 - 2824 - 2724 - 2724 - 27
3 - 528 - 3327 - 3227 - 3227 - 32
5+33 - 3532 - 3432 - 3432 - 34
Data Governance Analyst0 - 313 - 1412 - 1312 - 1312 - 13
3 - 514 - 1613 - 1513 - 1513 - 15
5+16 - 1815 - 1715 - 1715 - 17
Head of Conduct Risk0 - 330 - 3528 - 3228 - 3228 - 32
3 - 535 - 4032 - 3832 - 3832 - 38
5+40 - 5038 - 4638 - 4638 - 46
Conduct Risk Manager0 - 325 - 3023 - 2823 - 2823 - 28
3 - 530 - 3828 - 3628 - 3628 - 36
5+38 - 4536 - 4336 - 4336 - 43
Conduct Risk Officer0 - 323 - 2821 - 2621 - 2621 - 26
3 - 528 - 3326 - 3126 - 3126 - 31
5+33 - 3831 - 3531 - 3531 - 35

Compliance Salary Guide

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Head of Compliance/
Regulatory
0 - 3100k -125k  90k - 110k90k-110k90k - 110k
3 - 5125k -150k 110k - 140k110k-140k110k - 140k
5+150k -170k140k - 150k140k-150k140k - 150k
Compliance Manager/
Regulatory Manager
0 - 3 60k - 75k57k - 72k 55k - 70k55k - 70k
3 - 575k - 90k72k - 85k 70k - 80k70k - 80k
5+ 90k-110k  85k - 100k 80k - 95k80k - 95k
Compliance Supervisor/
Regulatory Supervisor
0 - 350k - 55k48k - 52k 45k - 50k45k - 50k
3 - 555k - 60k52k - 55k50k - 55k50k - 55k
5+60k - 65k55k - 65k55k - 60k55k - 60k
Regulatory Officer0 - 330k - 35k27k - 35k25k - 33k25k - 33k
3 - 535k - 50k35k - 48k33k - 45k33k - 45k
5+50k - 55k48k - 55k45k - 53k45k - 53k
Compliance Officer0 - 330k - 40k30k - 40k25k - 30k25k - 30k
3 - 540k - 60k40k - 50k30k - 40k30k - 40k
5+60k - 70k50k - 60k40k - 45k40k - 45k
Compliance Analyst0 - 335k - 45k27k - 37k27k - 37k27k - 37k
3 - 545k - 55k37k - 50k37k - 50k37k - 50k
5+55k - 75k50k - 63k50k - 63k50k - 63k
Head of AML/Financial Crime0 - 390k-120k75k - 85k75k - 85k75k - 85k
3 - 5120k-150k  85k - 95k85k - 95k85k - 95k
5+150k -170k95k-115k 95k-115k 95k-115k
AML/Financial Crime Manager0 - 360k - 75k55k - 65k55k - 65k55k - 65k
3 - 575k - 90k65k - 75k65k - 75k65k - 75k
5+90k - 100k75k - 85k75k - 85k75k - 85k
AML/Financial Crime Supervisor0 - 342k - 50k35k - 40k35k - 40k35k - 40k
3 - 550k - 55k40k - 45k40k - 45k40k - 45k
5+55k - 60k45k - 50k45k - 50k45k - 50k
AML/Financial Crime Officer0 - 330k - 35k25k - 30k25k - 30k25k - 30k
3 - 535k - 40k30k - 35k30k - 35k30k - 35k
5+40k - 45k35k - 45k35k - 45k35k - 45k
Onboarding0 - 325k - 35k23k - 33k23k - 33k23k - 33k
3 - 535k - 55k33k - 53k33k - 53k33k - 53k
5+55k - 70k53k - 65k53k - 65k53k - 65k
KYC Manager0 - 340k - 45k35k - 40k35k - 40k35k - 40k
3 - 545k - 55k40k - 50k40k - 50k40k - 50k
5+55k - 65k50k - 60k50k - 60k50k - 60k
KYC Supervisor0 - 335k - 40k30k - 35k30k - 35k30k - 35k
3 - 540k - 50k35k - 45k35k - 45k35k - 45k
5+50k - 60k45k - 55k45k - 55k45k - 55k
KYC Officer0 - 325k - 35k23k - 33k23k - 33k23k - 33k
3 - 535k - 55k33k - 45k33k - 45k33k - 45k
5+55k - 70k45k - 60k45k - 60k45k - 60k
KYC Analyst0 - 330k - 35k28k - 30k28k - 30k28k - 30k
3 - 535k - 40k30k - 35k30k - 35k30k - 35k
5+40k - 50k35k - 45k35k - 45k35k - 45k
Head of Data Governance0 - 380k - 85k65k - 75k65k - 75k65k - 75k
3 - 585k - 90k75k - 85k75k - 85k75k - 85k
5+90k - 100k85k - 95k85k - 95k85k - 95k
Data Governance Manager0 - 350k - 55k40k - 50k40k - 50k40k - 50k
3 - 555k - 65k50k - 60k50k - 60k50k - 60k
5+65k - 70k60k - 65k60k - 65k60k - 65k
Data Governance Analyst0 - 325k - 28k22k - 25k22k - 25k22k - 25k
3 - 528k - 32k25k - 28k25k - 28k25k - 28k
5+32k - 35k28k - 32k28k - 32k28k - 32k
Head of Conduct Risk0 - 360k - 70k55k - 65k55k - 65k55k - 65k
3 - 570k - 80k65k - 75k65k - 75k65k - 75k
5+   80k-100k   75k - 90k75k - 90k75k - 90k
Conduct Risk Manager0 - 350k - 60k45k - 55k45k - 55k45k - 55k
3 - 560k - 75k55k - 65k55k - 65k55k - 65k
5+75k - 90k65k - 80k65k - 80k65k - 80k
Conduct Risk Officer0 - 345k - 55k40k - 50k40k - 50k40k - 50k
3 - 555k - 65k50k- 60k50k- 60k50k- 60k
5+65k - 75k60k - 70k60k - 70k60k - 70k

Commentary on Compliance Roles and Remuneration in Ireland for 2017

Echoing last year we have seen numerous regulatory changes and new regulatory frameworks coming down from the (European Central Bank) ECB and then in turn the CBI (Central Bank of Ireland). Companies, in particular financial services organisations, are under increasing pressure to retain existing compliance professionals as well as recruit new talent.
 
Within compliance we have seen an increasing demand for professionals who hold the LCOI qualification. The main challenge that can be seen in this market is lack of available job seekers who hold the necessary qualifications and have sufficient relevant experience within their various fields.

With more senior positions in compliance, companies would have historically hired from other departments internally however in 2016 we have seen companies move away from this. As an increasing number of international financial services companies build out large compliance functions here in Dublin they have an internal talent shortage and have had to go to market on such roles. We have seen a soar in the number of companies recruiting externally for positions at the ‘head of’ and vice president level.
 
We have seen no significant change within the gender balance patterns in compliance, however it can be noted that there has been an increase in the number of females moving into more quantitative positions, in particular at a junior level.
 
With the under supply of locally based talent, we have seen larger financial services organisations target candidates with international regulatory and risk experience to fill positions. Candidates with such experience from Australia, Canada and the continent are proving to be very desirable.
 
We expect to see further Salary increases in 2017 as demand grows for experienced talent and as the ECB AND CBI continue to roll out new regulations that all financial services organisations will have to implement into their existing risk and compliance framework.

Sarah Owen's picture
Associate Director | Financial Services
sowen@morganmckinley.ie