Banking & Financial Services 2018 SALARY GUIDE.

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1 Banking & Financial Services 2018 SALARY GUIDE

2 BANKING & FINANCIAL SERVICES In Demand for 2018 Hot Jobs Risk Analyst Regulatory Analyst Operation Specialist Funds & Asset Management Data Analyst Credit/Loan Specialist The industry has the potential to grow significantly and may well employ over 50,000 people by the end of Top Skills Quantitative and mathematical Compliance and risk Securities operations Business analysis QFA Going into 2018 the financial services industry in Ireland stands tall as an employment sector of choice. It employs approximately 40,000 people and has over 400 financial services companies with over one-third of those employed in companies based outside the greater Dublin area. Predictions from late 2017 indicate that the industry has the potential to grow significantly and may well employ over 50,000 people by the end of Top Tip for 2018 Salaries in 2018 In order to stay ahead of the competition for new career opportunities, it is important for candidates to invest in themselves through further education, to complement their existing skillset. Salaries have not increased in any significant way over the last 12 months but due to competition for talent and retention counter-offer strategies, many employers seem more prepared to offer prospective employees the latter end of the market salary ranges for their positions.

3 Thoughts on the Market Sigmar Recruitment Salary Guide Brexit is proving to be one of the major catalysts for growth in the industry. Over the course of 2017, Ireland was endorsed as a destination of choice by a number of high profile financial services companies who announced that they intend to set up operations or expand their existing operations here in Ireland. These announcements have been warmly welcomed by the industry but are sure to bring with them many recruitment and retention challenges as demand for skilled professionals looks set to heat up even further. Ireland is still the fastest growing economy in the Eurozone and is set to become the only remaining member of the EU with English as it s primary language. It is a preferred destination for EU nationals who have English as their 2nd language. 11% of people employed in Ireland are from other EU countries compared to 5% in Germany and 2% in France. Being able to tap into the Eurozone with a population of over 503,000,000 and attract professionals to Ireland has proven to be both challenging and successful for financial services groups in Ireland sourcing talent within the area of risk, front office, investment management, client services and back office. In 2018 It will be critical to continue to attract talent to our shores in order to fuel the predicted growth in the industry. The candidate demand increase in 2017 resulted in realignment of salaries upwards across many sections in the industry. Companies providing a wide selection of benefits to their employees are benefiting from better employee retention rates compared to those who are still offering minimal benefits as they play an integral part in a potential employee s decision-making process. Never miss a banking job Follow Funds & Investment Salaries taken as annual in euros, based on working in Ireland. Contract rate is daily in euros, based on working in Ireland. Bonus/car allowance not included. Figures are based on current market rates. Salaries are subject to variances based on the individual, the company size and other external factors. Parameters indicate the highest and lowest salary level for each position. FUND ADMINISTRATION Fund Accountant 27-33k Senior Fund Accountant 33-38k Fund Accounting Supervisor 38-45k Fund Accounting Assistant Manager 45-50k Fund Accounting Manager 50-65k Senior Fund Accounting Manager 65-90k Head of Fund Accounting k

4 TRANSFER AGENCY Fund Administration Transfer Agency Administrator 28-34k Senior Transfer Agency Administrator 34-42k Transfer Agency Supervisor 32-48k Transfer Agency Assistant Manager 42-55k Transfer Agency Manager 48-62k Senior Transfer Agency Manager 68-85k Head of Transfer Agency k Transfer agency and fund administration saw a little growth over the last 12 months. The landscape in Ireland has changed due to the number of mergers and acquisitions in this space. With many fund administration operations having been outsourced to lower cost economies, quite a number of operations in Ireland primarily provide an oversight function. Salaries have seen an increase on average of 5-12%. We should continue to see a demand for skills in this sector throughout Business analysis and project management will remain high. Product knowledge within UCITS or private equity will continue to be sought after. FINANCIAL REPORTING Financial Reporting Specialist 35-50k Financial Reporting Accountant 45-60k Financial Reporting Manager 60-80k Head of Financial Reporting k TRUSTEE/DEPOSITARY Trustee Administrator 28-34k Senior Trustee Administrator 34-38k Trustee Supervisor 42-48k Trustee Manager 50-65k Senior Trustee Manager 70-90k Head of Trustee k

5 MARKET DATA Complex Pricing Specialist 35-50k Manager Complex Pricing 60-80k Senior Manager Complex Pricing k Market Data Administrator 32-40k Market Data Senior Administrator 38-46k Market Data Supervisor 45-60k Market Data Manager 65-90k Market Data Senior Manager k Head of Market Data k CUSTODY Custody Administrator 27-32k Senior Custody Administrator 32-38k Custody Supervisor 38-45k Custody Manager 45-60k Senior Custody Manager 60-90k Head of Custody k Trustee saw gradual growth in 2017 with a shortage of expertise in the area driving up salaries by between 10-15%. Candidates with a strong operational background within fund accounting are now considered as a viable alternative up to supervisory level. Custody has also seen continued growth, while candidates with custody experience are seen as suitable employees for other operational functions (trade support/middle office) due to their transferable skillset.

6 CLIENT SERVICES Client Services Administrator 25-33k Client Services Senior Administrator 33-38k Client Services Supervisor 38-45k Client Services Manager 45-60k Senior Manager Client Services 60-90k Head of Client Services k MIDDLE OFFICE Middle Office Administrator 30-40k Middle Office Senior Administrator 35-45k Middle Office Supervisor 45-55k Middle Office Manager 55-70k Senior Manager Middle Office 65-85k Head of Middle Office k BACK OFFICE - RECONCILIATIONS/SETTLEMENTS Back Office Administrator 30-40k Back Office Senior Administrator 35-45k Back Office Supervisor 45-55k Back Office Manager 55-70k Senior Manager Back Office 65-85k Head of Back Office k The greatest single area of growth in the Irish market over the past year has been in the area of middle office and trade support operations, with a growth of 8% in employment within the area. Companies opening new operations in Ireland are viewed as employers of choice and as such able to keep salaries within current market rates.

7 FRONT OFFICE Data Modeller k Research Analyst 55-90k Performance Monitoring Analyst 50-85k Investment Strategist 60-90k Portfolio Manager k Head of Market Strategy & Research k Head of Performance Monitoring k Head of Portfolio Management k While Dublin is traditionally known for its back and middle office operations, a number of investment managers, stockbrokers and proprietary trading houses expanded their front office functions in Ireland in Post-Brexit, many candidates in London are now very open to relocating to Ireland, in addition to candidates throughout Europe who wish to work in an English speaking economy within the EU. There is expected continued growth in this area with London becoming a prominent supply line of candidates for roles within portfolio management, trading and quantitative risk. Banking RETAIL SERVICES Customer Services Executive 26-35k Financial Advisor 30-45k Senior Financial Advisor 40-55k Team Leader 30-45k Branch Manager 40-70k

8 LENDING SERVICES Loans Administrator 30-38k Customer Services Executive 26-35k Arrears Specialist 32-45k Arrears Team Leader 40-60k Credit Analyst 30-55k Senior Credit Analyst 45-70k Portfolio Manager 50-95k Restructuring Manager 55-70k Operations Manager k CORPORATE/COMMERCIAL BANKING Private Banking Manager 65-90k Senior Private Banking Manager k Corporate Finance Specialist 45-50k Corporate Finance Manager k Relationships Manager 65-90k Corporate Banking Manager 55-95k Senior Corporate Banking Manager k Banks based in Ireland have gone through radical changes over the last few years. While the main banks are now back in profit there still remains a lot of challenges ahead for this banking sector. Salaries increased in this area over the course of 2017 and permanent opportunities have been on the rise across banks and credit unions. There has been an increase in opportunities in the area of SME lending and demand for skilled APA and QFA professionals remains steady.

9 Treasury & Payments Treasury Settlements Administrator 26-40k Treasury Trader 45-90k Treasury Senior Trader k Treasury Sales Manager 50-65k Payments Analyst 26-35k Senior Payments Administrator 30-40k Senior Treasury Administrator 35-45k Payments Team Leader 38-55k Treasury Team Leader 45-65k Payments Manager 36-65k Treasury Manager 50-90k Head of Payments 80-90k Head of Treasury k The Second Payment Services Directive (PSD2) will open up the world of banking and no doubt generate new ways to make payments. It is sure to herald further innovation and changes for this industry over the coming 12 months. Compliance & Risk COMPLIANCE Anti Money Laundering Administrator 25-32k Anti Money Laundering Senior Administrator 32-40k Anti Money Laundering Manager 50-75k

10 Compliance Administrator 30-38k Compliance Supervisor 40-50k Compliance Manager 50-70k Senior Compliance Manager 75-90k Head of Compliance k RISK Operational Risk Analyst 35-50k Operational Risk Specialist 55-65k Operational Risk Manager 70-90k Market Risk Analyst 35-45k Market Risk Specialist 45-60k Market Risk Manager 60-85k Risk Modeller Specialist 70-90k Quantitative Risk Analyst 35-50k Quantitative Risk Specialist 50-65k Quantitative Risk Manager k Fraud Risk Analyst 30-40k Fraud Risk Specialist 40-50k Fraud Risk Manager 50-70k Risk Manager k Head of Risk k Chief Risk Officer k The past few years have been a constant challenge for compliance & risk teams within financial services and by all accounts, 2018 will still be challenging. Whether preparing for Brexit, preparing for increased regulatory scrutiny, preparing for a clampdown on cryptocurrencies or preparing to reduce reputational risk 2018 will no doubt bring new challenges for compliance & risk professionals across financial services and as such demand for their skills will remain high.

11 Data & Projects MI Analyst 55-85k Data Research Analyst 35-60k Data Analytics Specialist 35-50k Data Analytics Manager 50-70k Data Protection/Quality Manager 75-95k Data Modeller 42-75k Business Intelligence Manager 50-80k Implementations Specialist 50-65k Business Analyst 35-60k Senior Business Analyst 55-85k Project Administrator 28-38k Business Change Manager k Project Manager 45-60k Senior Project Manager 55-90k Programme Manager - Get in touch with our team by ing financial@sigmar.ie or call us on

12 Sigmar Recruitment, established in 2002, is a leading Irish recruitment services company with 14 specialist divisions across the entire recruitment process and managed service spectrum. Winner of 45 awards for recruitment excellence and workplace culture, we employ over 120 industry specialists in Dublin, Cork, Galway and Tralee. Our experience extends across: Accountancy & Finance, Banking & Financial Services, Construction & Property Services, Engineering & Manufacturing, HR, Insurance, IT, Legal & Compliance, Life Sciences, Marketing, Multilingual, Office Support, Sales and Supply Chain. Find out more about us at Dublin 13 Hume Street, Dublin D02 F861 Tel: +353 (0) dublin@sigmar.ie Galway Dockgate, Dock Road, Galway H91 PC04 Tel: +353 (0) galway@sigmar.ie Cork 33 South Bank, Crosses Green, Cork T12 F611 Tel: +353 (0) cork@sigmar.ie Tralee Unit 4, Liber House, Monavalley Business Park, Tralee V92 NN80 tralee@sigmar.ie