Risk Salaries
2023
Corporate and Investment Banking
Retail Banking and Insurance
Market Risk
Operational Risk
Quantitative Risk
The Big 4
** Please note: There are anomalies outside these bandings where exceptional compensation structures apply. For bespoke salary information, please contact a Pure consultant.
Areas of Activity
Investment Banking Credit Risk VP level
Risk Analytics AVP & VP level
ESG and Climate Risk VP level
Market Risk Management VP level
Areas of Inactivity
Liquidity Risk MD level
Operational Risk ED/ MD level
We expect 2023 recruitment activities to remain at a similar level to 2022. We still expect an elevated level of emigration in 2023, particularly at the VP to Director level. With the easing of quarantine restrictions, more expats may relocate or return to the city; more mainland China candidates are looking to relocate to Hong Kong due to strict covid measures in China, which should partially recoup earlier losses in the talent pool.
Essential skills we expect to be in demand will remain within risk analytics, investment banking counterparty risk, ESG and climate Risk, and senior-level risk consulting candidates. We expect candidates to continue to prioritize work-life balance and hybrid working models in their decision-making rather than purely making career choices based on compensation alone and the attraction of joining a traditional blue-chip name.