Risk Talent Associates, a risk management recruiting firm, stated in their 2010 Compensation Survey covering Technology & Software  that compensation for risk executives at all levels was up, except those with over 16 years of experience.  This year’s survey did not include Chief Risk Officers, a title that has been included in all past surveys. 

Our risk management recruiting surveys generally cover compensation for professionals from the Analyst/Associate level up through Chief Risk Officer.

Total Compensation, Salary and Bonus by Years of Experience (US Dollars)

Source: Risk Talent Associates Salary Survey 2010. All figures in US Dollars and rounded to nearest thousand.

Total Compensation, Salary and Bonus by Title (US Dollars)

Source: Risk Talent Associates Salary Survey 2010. All figures in US Dollars and rounded to nearest thousand.

Risk Talent Associates, in risk recruiting, stated in their 2010 Compensation Survey covering Technology & Software that 21% of survey respondents report changing jobs during the past two years, in contrast to 9% in last year’s survey.  The survey also found that it is likely that job movement for risk management jobs will continue to rebound since 29% of survey respondents predict they will change jobs in the next two years.

Our risk recruiting survey includes executives focused on credit, enterprise, market, and operational risk, as well as financial compliance.

Risk Talent Associates, in risk recruiting, who executes Chief Risk Officer recruiting and Director of Risk Management executive searches for leading financial services and consulting firms around the world, recently announced their findings for their 2010 Compensation Survey covering Technology & Software. 

Overall, total compensation has rebounded for risk management jobs in technology and software. The rebound is consistent with risk recruiting trends for risk managers in asset management and capital markets which are seeing a return to strong growth in compensation. Our risk recruiting survey includes executives focused on credit, enterprise, market, and operational risk, as well as financial compliance.

Full details can be found in Risk Talent’s 2010 Professional Compensation Survey covering Technology & Software.

In 2009 risk managers in the energy sector who were based in the eastern United States earned the highest total compensation (salary, bonus-cash, bonus-noncash) for risk management jobs, as was reported in Risk Talent Associates 2010 Professional Compensation Survey covering Energy.  The eastern US was followed by risk management jobs in the energy hub in the US South/Southeast. Participants from all U.S. regions report higher figures than those included in the survey from Europe and Canada.  The participants surveyed include risk managers of all titles, such as Chief Risk Officer, Director of Risk Management, Managing Director, Director, Vice President, Manager, and Analyst/Associate.

As reported by Risk Talent Associates, a risk recruiter, in their 2010 Professional Compensation Survey covering Energy, operational risk managers in energy received the largest overall bonuses, cash and non-cash, beating out those who focused on enterprise, market and credit risk, or financial compliance.  Operational risk managers in energy made most of their total compensation in bonus (cash and non-cash).  See details below.

2009 Total Compensation, Salary and Bonus by Risk Type (US Dollars)

Source: Risk Talent Associates Salary Survey 2010. All figures in US Dollars.  Percentage of respondents “(%)”

Risk recruiter, Risk Talent Associates, reported in their 2010 Professional Compensation Survey covering Energy that risk managers who reported a focus on operational risk earned significantly more total compensation (including salary, cash bonuses, and non-cash bonuses) in 2009 than those who focused on enterprise, market and credit risk, or financial compliance.  Total compensation for operational risk management jobs in energy was almost $200,000 greater than the other risk focuses mentioned. 

2009 Total Compensation, Salary and Bonus by Risk Type (US Dollars)

Source: Risk Talent Associates Salary Survey 2010. All figures in US Dollars.  Percentage of respondents “(%)”

Risk Talent Associates, a risk management recruiter, which executes Chief Risk Officer recruiting and executive searches for risk management and financial compliance professionals at leading financial services and consulting firms around the world, recently announced their findings for their 2010 Compensation Survey covering Energy.  Overall, compensation growth for risk professionals in energy has slowed.  This industry revealed growth in total compensation of 3.4% and growth in salary of 2.2% in 2009 over 2008 for energy risk professionals.

Full details can be found in Risk Talent’s 2010 Professional Compensation Survey covering Energy.

Chief Risk Officers and other risk management professionals with more than 16 years of job experience in asset management witnessed a slight decline in total compensation from 2008 to 2009.  However, growth for those with 0-6 years and 7-10 years of experience is in the double digits, as compared to 7% for those with 11-15 years of experience.

Full details can be found in Risk Talent’s 2010 Professional Compensation Survey of Asset Management.  Risk Talent executes Chief Risk Officer recruiting and executive searches for risk management and financial compliance professionals at leading financial services and consulting firms around the world.

Total Compensation, Salary and Bonus by Years of Experience (USD)

Source: Risk Talent Associates Salary Survey 2010. All figures in US Dollars and rounded to nearest thousand.

Notes: Percentage of overall respondents indicated by “% of Total”.

Chief Risk Officers and Managing Directors in asset management saw growth averaging only 4%, yielding total compensation below the $1 million range seen in years past.  These Chief Risk Officer’s total compensation in 2009 averaged $922,174 and in 2008 averaged $888,952. 

Full details can be found in Risk Talent’s 2010 Professional Compensation Survey of Asset Management.  Risk Talent executes Chief Risk Officer recruiting and executive searches for risk management and financial compliance professionals at leading financial services and consulting firms around the world.

Total Compensation, Salary and Bonus by Title (USD)

Source: Risk Talent Associates Salary Survey 2010. All figures in US Dollars and rounded to nearest thousand.

Notes: Percentage of overall respondents indicated by “% of Total”.

As recently reported in Risk Talent Associates 2010 Professional Compensation Survey covering Asset Management, risk management jobs based in Europe and New York earned the most compensation.  This was followed closely by the northeast United States.  As in years past, cash and non-cash bonuses drive differentiation between regions while salaries remain more consistent across geographies.

View our full survey covering total compensation for risk management jobs in asset management.