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Risk managers reckon on bonuses

Not unlike most other people working in investment banks, it seems risk professionals still expect to receive a bonus this year.

A survey of risk management professionals in investment banks by risk recruiters GRS Group suggests 67% of them still expect to get something in the way of a bonus. And 43% of them expect that bonus to be greater than or equal to whatever they received last year.

This compares favourably to our own recent bonus survey, which found that across the market as a whole, 32% of people expect to be paid more than or the same as last year, and that 68% of people expect to receive at least something at bonus time.

David Butters, head of GRS Risk London, takes risk professionals’ comparative optimism as a sign that “risk is in the ascendancy”.

It’s not that ascendant, though. Butters reckons (somewhat infeasibly) that in a very good year a star credit risk officer might even be able to earn 850k. “I don’t see this happening in the market right now,” he confesses.

Comments (6)

  1. but at the end they should have seen the risk, ie are to be blamed.
    May be some have seen the risk but the greedy management has stalled a further debate.

  2. “star credit risk officer might even be able to earn 850k”
    What a load of Rubish..

  3. It’s spelt rubbish

  4. that is not rubbish. in fact it is quite plausible. in some firms (I know of two that are still solid and standing) risk ppl can be and often is highly compensated. some areas of risk mgn can even be profit centers through regulatory arbitrage. I’ve seen quite a few do better than your average joe trader.

  5. risk professionals……um an oxymoron i reckon

  6. Many did see the risk, but it’s hard when you were side-lined and/or ignored by management, who were always trying to appese their FO dream teams!!

    Seriously, the majority of upper management should be flayed for how they have behaved over the last several years.

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