A top risk recruiter, Risk Talent Associates, recently released their 2010 Professional Compensation Survey covering Energy jobs in risk management.  The survey showed that salaries from 2008 to 2009 went up for risk management jobs in energy with the titles of Vice President, Director, Managing Director, and Chief Risk Officer.

Risk Talent is a risk recruiter that places energy risk professionals in one of the following risk areas:  market risk, credit risk, operational risk, enterprise risk, financial compliance, risk technology, or quantitative finance.

Risk Talent Associates, a risk recruiter for risk management jobs, reported that the growth rate in the energy sector for total compensation from 2008 to 2009 was greatest for those with the title of Chief Risk Officer.  However, those in risk management jobs titled managing director had a higher total compensation than those with the title of Chief Risk Officer.  Total compensation in 2009 was $544,000 and $442,744, respectively.

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

In 2009, for energy risk professionals with 16 years or more of experience their bonus amount is a greater portion of their total compensation than their salary.  This is not the case for energy risk professionals with less years of experience.  View the actual bonus to salary break-down for 2008 and 2009 in Risk Talent’s 2010 Professional Compensation Survey covering Energy.

Risk Talent is an executive search firm for energy risk jobs in these areas:  market risk, credit risk, operational risk, enterprise risk, financial compliance, risk technology, or quantitative finance.

Risk Talent’s 2010 Professional Compensation Survey covering Energy jobs in risk management reported that growth rates in total compensation are highest for risk managers with more than 16 years of experience.  Total compensation for energy risk management professionals with more than 16 years of experience in 2008 was $389,000 compared to a growth in 2009 to $420,000.  Energy risk management professionals with less experience saw slower growth and a decline for those with 11-15 years of experience.

Risk Talent is a risk management recruiter that places energy risk professionals in one of the following risk areas:  market risk, credit risk, operational risk, enterprise risk, financial compliance, risk technology, or quantitative finance.

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.

Risk Talent Associates, an executive search firm for energy risk professionals in risk management jobs, found in their 2010 Compensation Survey covering Energy that there are many positive indicators for the energy segment. 

• 92% of respondents reported receiving a bonus for 2009.
• Job movement is slightly down with 21% of respondents reporting a job change in the last two years, as compared to the 25% reported in last year’s survey.
• Looking forward, 22% of respondents indicate that they are likely to move to a new job in the future.

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

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.

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.

Risk Talent’s 2010 Professional Compensation Survey of Asset Management professionals in risk management jobs revealed that Enterprise risk professionals (13% of respondents) receive the highest total compensation, exceeding professionals who focus on a single risk area including Market Risk (49% of respondents), Credit Risk (20% of respondents) and Operational Risk (7% of respondents).

See results below or view our full survey covering total compensation for risk management jobs in asset management.

2009 Total Compensation by Risk Type (USD)

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

Notes:  Percentage of overall respondents reported in brackets “(%)”. 

Michael Woodrow, President and Founder of Risk Talent Associates, a risk management recruiting firm, was asked to speak at The HedgeWorld Fall Fund Services Conference held on October 21, 2010 at The Metropolitan Club in New York City.

Two sets of panels were run concurrently throughout the day:  one set geared toward investors, the other toward managers.  Michael Woodrow participated in those geared toward managers which covered a range of issues and topics important to running and managing hedge funds.  Specifically, my panel covered the topic, “How have the lessons of the economic collapse – the need to monitor and manage leverage and counterparty relationships chief among them — impacted current risk management practices?”  My insights revolved around the effects on risk management recruiting.

In addition to myself, there were four other noteworthy participants in my panel:

• Ezra Zask, Founder and President, Ezra Zask Advisors, LLC
• Damian Handzy, Chairman and CEO, Investor Analytics
• Philip H. Gocke, Managing Director, Options Industry Council
• Peter Niculescu, Partner and Head of Fixed Income Advisory, Capital Market Risk Advisors

To view the full agenda for the HedgeWorld Fall Fund Services Conference go to the HedgeWorld website.

Over 225 risk professionals representing asset management participated in this year’s Risk Talent Associates salary survey, and risk management professionals at alternative investment firms have the highest average total compensation.  This result is impacted largely by the bonus that risk management professionals receive in alternative investment jobs.  For Alternative Investments, the average bonus as a percentage of total compensation exceeds 70%, compared to 55% for Traditional Asset Management and 45% of Insurance executives included in the survey.

The survey included executives in risk management jobs from traditional asset management (54%), alternative investments including hedge funds and fund of funds (20%) and insurance (26%). 

Average Total Compensation by Segment, 2005-2009

Source: Risk Talent Associates Professional Compensation Surveys 2005-2010.