The Leaders in Risk Management & Compliance Executive Recruiting

Archive for December, 2010

Risk Management Recruiting Firm Speaks at HedgeWorld Conference

Monday, December 20th, 2010

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 dayone 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.

Risk Management Jobs in Alternative Investments are Best Paid

Monday, December 20th, 2010

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.

Risk Management Job Movement Has Declined in Asset Management

Monday, December 20th, 2010

Risk Talent’s 2010 Professional Compensation Survey of Asset Management  professionals in risk management jobs revealed that as the financial system has stabilized, job movement has declined:  23% of respondents report changing jobs in the last two years versus 29% in the previous survey.  This trend will possibly change again in 2011 as 35% report they will seek new jobs in the future as opportunities become more plentiful.  Our research shows that the most common way of filling risk management jobs remains internal recruiting, job boards, retained and contingency search firms.

Global Risk Jobs Re-launches Website Serving Niche Jobs

Friday, December 10th, 2010

Global Risk Jobs, an online niche job board featuring high profile jobs in risk management and regulatory compliance, recently re-launched their website to connect qualified employers to skilled people in market, credit, operational and enterprise risk, quantitative finance, risk technology and financial compliance.

Global Risk Jobs is the “authority” in risk management and regulatory compliance whether you need to search for or post a job.  The site hosts over 10,000 jobs and over 15,000 resumes of candidates specializing in risk and compliance.  This site has over 50,000 monthly visitors.

Global Risk Jobs is part of the Risk Talent Associates family of search businesses which focus only on risk management and regulatory compliance jobs.

Risk Management Jobs 2010 Compensation Negative for Chief Risk Officer

Friday, December 3rd, 2010

As recently reported in Risk Talent Associates 2010 Professional Compensation Survey covering Capital Markets, growth in total compensation is strongest for risk management jobs titled Senior Associate/Manager and Director, but negative for Senior Vice President and Chief Risk Officer.  In surveys prior to 2008, total compensation for Managing Director exceeded $800,000 and total compensation for Chief Risk Officers topped $1 million.  This year’s survey puts the average total compensation in the $600,000 and $850,000 range for Managing Directors and Chief Risk Officers respectively.  However, there is a significant deviation from the average for Chief Risk Officers employed by investment banks, who average more than $2 million in total compensation compared to their counterparts at commercial bank and foreign-owned banks also represented in the survey.

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

Average 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.

Risk Management Jobs Total Compensation Strongest for Junior and Mid-level Managers

Wednesday, December 1st, 2010

Risk management jobs total compensation is strongest for junior and mid-level risk managers in terms of years of experience and titles, as was recently reported in Risk Talent Associates 2010 Professional Compensation Survey covering Capital Markets.  Risk professionals who received the highest increases in total compensation are those with 7-10 years of experience at a growth rate of almost 13%, compared to approximately 6.5% for those with 0-6 and 11-15 years of experience.  Risk professionals with more than 16 years of experience, which includes 38% of survey participants, continued to see slight declines of 1% in total compensation.

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

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

 Average Total Compensation, Salary and Bonus by Years of Experience

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

Risk Management Jobs 2009 Compensation in Asset Management Rebounding

Wednesday, December 1st, 2010

For risk management jobs in asset management, total compensation was on the rebound in 2009, after declines in 2007 and 2008, as reported in Risk Talent Associates 2010 Professional Compensation Survey covering Asset Management. 

Based on data gathered in 2010, jobs in risk management saw total compensation grow 4%, salaries remained flat to slightly negative and bonuses grew 7% between 2008 and 2009. These modest gains show that employers are willing to compensate risk professionals with bonuses more typical of pre-recessionary times.  See the chart below or read the full Risk Talent Associates 2010 Professional Compensation Survey covering Asset Management.

Average Total Compensation, Salary and Bonus for Risk Professionals in Asset Management

Source:  Risk Talent Associates Professional Compensation Surveys 2005-2010. **/Note:  2008 figure is an average of data reported in 2009 and 2010 Risk Talent Associates Surveys. All figures in US Dollars rounded to nearest thousand.