BANKING &

FINANCIAL SERVICES

TOP 3 MOST IN-DEMAND POSITIONS:

1

Fund Accountant

2 Regulatory Reporting
3 Internal Audit

BANKING &
FINANCIAL SERVICES

PERMANENT
2015 is likely to be a mixed year for banking pay
trends, with demand for professionals varying
significantly in each area.
Front office corporate and investment banking should
see rising salaries, as demand for experienced bankers
in these areas is growing. Certain finance related roles,
including regulatory reporting, Basel, liquidity
management, and treasury management, are also
likely to see heightened demand and consequently
higher salaries.
In operations, client on-boarding, know your client
(KYC) and anti-money laundering (AML) roles are
areas of high demand and therefore rising pay rates
are expected. However, remuneration rates in the
more stock standard operations and finance roles are
likely to remain under pressure, as many of these
functions are still being off-shored to lower cost
centres around the region.

Over the last four years, compliance has grown

considerably. The majority of job movement has been
due to new headcount as regulatory functions build
out and become more embedded into businesses.
Compliance professionals salaries have inflated by an
impressive amount over the last few years. This is due
to the fact that it is a candidate-short market and
professionals have been able to demand significant
uplifts when moving jobs. However, there is a relative
amount of disparity, as pay rates can be inconsistent
in this area.

FRONT OFFICE CORPORATE AND

INVESTMENT BANKING SHOULD SEE
RISING SALARIES, AS DEMAND FOR
EXPERIENCED BANKERS IN THESE AREAS IS
GROWING.

CONTRACT
Contingency workforce hiring will continue to rise.
This is a result of increased offshoring among major
market players, who are relocating operational
shared services functions to low cost countries, such
as India, Malaysia and Philippines.
The Fair Consideration Framework, which mandates
employers to consider Singaporeans or Singapore
Permanent Residents before Employment Pass
holders, will continue to bolster local employment
rates. Salary levels will stay the same as in 2014.
However, job movers can expect increases of 12 - 18
percent, or higher for some niche positions.

Roles that are in demand include: securities

settlement, compliance, regulatory and KYC / client
on-boarding positions.
In addition, candidates with private banking / wealth
management experience, UAT experience, high
proficiency in Microsoft Excel, VBA, vlookup and
pivot table are much sought after.

BANKING &
FINANCIAL SERVICES

FINANCE & ACCOUNTING - FINANCIAL SERVICES | PERMANENT

ROLE

Analyst / NonOfficer

Associate / AVP /
Manager

VP / Senior
Manager

SVP / Director

Director / Senior

FINANCIAL ACCOUNTING

$45k - $80k

$80k - $120k

$140k - $200k

$180k - $220k

$210k - $330k

MANAGEMENT ACCOUNTING

$50k - $80k

$80k - $120k

$130k - $200k

$180k - $220k

$210k - $330k

SYSTEMS / PROJECT ACCOUNTING

$40k - $75k

$75k - $130k

$145k - $220k

$220k - $250k

$240k - $350k

FUND / TRUST ACCOUNTING

$40k - $75k

$75k - $130k

$145k - $220k

$180k - $220k

$220k - $350k

PRODUCT CONTROL

$50k - $80k

$90k - $145k

$150k - $220k

$220k - $250k

$250k - $400k

INTERNAL AUDIT

$40k - $75k

$75k - $130k

$145k - $220k

$220k - $250k

$250k - $380k

TAX / ADVISORY COMPLIANCE

$50k - $90k

$80k - $140k

$145k - $220k

$220k - $250k

$250k - $350k

BUSINESS ANALYST

$40k - $80k

$80k - $140k

$150k - $220k

$220k - $250k

$250k - $380k

TREASURY

$40k - $70k

$75k - $120k

$130k - $200k

$180k - $220k

$210k - $330k

TECHNICAL ACCOUNTING

$50k - $80k

$90k - $145k

$150k - $200k

$220k - $250k

$250k - $400k

FINANCE & ACCOUNTING - FINANCIAL SERVICES | CONTRACT

ROLE

Analyst

AVP

VP

Director

FINANCIAL REPORTING

$48k - $80k

$80k - $120k

$140k - $220k

$200-$220k

REGULATORY REPORTING

$55k - $85k

$95k - $130k

$140k - $200k

$200-$220k

STRATEGY PLANNING & ANALYSIS

$55k - $85k

$90k - $130k

$140k - $200k

$200-$220k

REVENUE & COST REPORTING

$60k - $85k

$90k - $130k

$140k - $200k

$200-$220k

MIS REPORTING

$60k - $85k

$90k - $130k

$140k - $200k

$200-$220k

PRODUCT CONTROL

$50k - $90k

$90k - $145k

$150k - $220k

$220k

BANKING &
FINANCIAL SERVICES

EQUITY, CREDIT, RATES, FX/MM

ROLE

Analyst / NonOfficer

Associate / AVP /
Manager

VP / Senior
Manager

SVP / Director

Director / Senior
Director

SETTLEMENTS

$40k - $65k

$65k - $110k

$140k - $180k

$180k - $220k

$220k+

CLIENT SERVICES

$50k - $75k

$75k - $110k

$140k - $180k

$180k - $220k

$220k+

DOCUMENTATION

$50k - $75k

$75k - $110k

$140k - $180k

$180k - $220k

$220k+

TRADE SUPPORT

$60k - $80k

$80k - $110k

$140k - $180k

$180k - $220k

$220k+

BUSINESS ANALYST / PROJECTS

$60k - $85k

$85k - $130k

$150k - $180k

$180k - $220k

$220k+

ROLE

Analyst / NonOfficer

Associate / AVP /
Manager

VP / Senior
Manager

SVP / Director

Director / Senior
Director

SETTLEMENTS

$40k - $65k

$70k - $125k

$140k - $180k

$180k - $220k

$220k+

CLIENT SERVICES

$50k - $75k

$75k - $130k

$140k - $180k

$180k - $220k

$220k+

DOCUMENTATION

$50k - $75k

$80k - $125k

$140k - $180k

$180k - $220k

$220k+

TRADE SUPPORT

$60k - $80k

$80k - $130k

$140k - $180k

$180k - $220k

$220k+

BUSINESS ANALYST / PROJECTS

$60k - $85k

$85k - $130k

$140k - $180k

$180k - $220k

$220k+

ROLE

Analyst / NonOfficer

Associate / AVP /
Manager

VP / Senior
Manager

SVP / Director

Director / Senior
Director

LOANS ADMINISTRATION

$40k - $50k

$60k - $120k

$140k - $180k

$180k - $220k

$220k+

STATIC DATA ANALYST

$40k - $50k

$60k - $110k

$140k - $180k

$180k - $220k

$220k+

ASSET SERVICING (CORPORATE

ACTIONS & DIVIDENDS)

$40k - $50k

$60k - $120k

$140k - $180k

$180k - $220k

$220k+

CONTROL / RECONCILIATIONS

$40k - $60k

$70k - $120k

$140k - $180k

$180k - $220k

$220k+

DERIVATIVES

OTHERS

BANKING &
FINANCIAL SERVICES

COMPLIANCE FINANCIAL SERVICES

ROLE

Analyst / NonOfficer

Associate / AVP /
Manager

VP / Senior
Manager

SVP / Director

Director / Senior
Director

MONITORING / SURVEILLANCE

$40k - $60k

$60k - $130k

$120k - $160k

$140k - $200k

$200k+

AML

$40k - $65k

$65k - $130k

$130k - $180k

$180k - $250k

$260k+

KYC

$40k - $65k

$55k - $70k

$70k - $120k

$100k - $200k

$180k+

INVESTIGATIONS

n/a

$60k - $120k

$120k - $180k

$180k - $250k

$240k+

CONTROL ROOM / RESEARCH

$50k - $70k

$65k - $160k

$150k - $200k

$180k - $300k

$300k+

COMPLIANCE ADVISORY

$60k - $90k

$90k - $180k

$160k - $210k

$180k - $300k

$280k+

RISK MANAGEMENT FINANCIAL SERVICES

ROLE

Analyst / NonOfficer

Associate / AVP /
Manager

VP / Senior
Manager

SVP / Director

Director / Senior
Director

QUANTITATIVE ANALYSIS

$72k - $100k

$90k - $150k

$130k - $230k

$220k - $280k

$250k+

CREDIT RISK ANALYSIS

$55k - $90k

$72k - $130k

$120k - $210k

$180k - $250k

$240k+

MARKET RISK MANAGEMENT

$60k - $90k

$75k - $140k

$130k - $230k

$200k - $260k

$240k+

MARKET RISK REPORTING

$55k - $90k

$72k - $130k

$120k - $210k

$180k - $250k

$240k+

TRADED CREDIT

$60k - $90k

$75k - $140k

$130k - $230k

$200k - $260k

$240k+

OPS RISK

$40k - $70k

$70k-$150k

$130k -$250k

$220k - $280k

$250k+

FRONT OFFICE INVESTMENT BANKING / M&A / EQUITY CAPITAL MARKETS

ROLE

Analyst

Associate

VP

Director

MD

LOWER BAND

$90k

$160k

$230k

$300k

$500k

UPPER BAND

$150k

$230k

$300k

$400k

$750k

ASSET MANAGEMENT AND SECURITIES SERVICES FINANCE AND OPERATION

Accountant /
Operation Analyst

Senior

Team Leader
Accountant /
Operation

VP Accountant /
Fund Controller

Director Operation

Managing Director

$48K to $55K

$66K - $84K

$90K - $130k

$140-$180K

$220k-$280K

$300+