2018 Banking and Finance Contract Salary Guide

Cain Yee January 31, 20182 mins read

Salaries for banking and finance (contract) professionals in Singapore

Contents:

Contract - Banking and Operations
Commentary on Banking and Finance Contract Roles and Contract Rates in Singapore for 2018

Contract - Banking and Operations

Role Analyst/ Non-Officer Associate/ AVP/ Manager VP/ Senior Manager SVP/ Director Director/ Senior Director
Settlements $50k - $65k $65k - $120k $120k - $150k $150k - $220k $220k+
Documentation $50k - $65k $65k - $120k $120k - $150k $150k - $220k $220k+
Trade Support $54k - $66k $66k - $120k $120k - $180k $180k - $220k $220k+
Client on-boarding/ kYC $42k - $60k $60k - $90k $90k - $150k $150k - $250k $250k+
Collateral Management $42k - $60k $60k - $90k $90k - $150k $150k - $250k $250k+
Loans Administration $42k - $60k $60k - $90k $90k - $150k $150k - $250k $250k+
Corporate Action $45k - $60k $60k - $90k $90k - $130k $130k - $200k $200k+

Commentary on Banking and Finance Contract Roles in Singapore for 2018

The contract market for 2018 is set to be busier than ever across all sectors within Banking and Financial Services. With the focus being on cutting costs, many organisations are looking at various solutions to manage headcount whilst still operating at the highest possible efficiency. Candidates too are now more open to contract opportunities as there is no concrete difference in the type of work done by a permanent member of staff vs a contract employee; and the lack of bonuses and job security which kept candidates in jobs for lengthy periods are no longer guaranteed.

The hottest areas in the non-IT contracting market will be within Corporate Governance world with the highest demand coming from Compliance, Risk and Operations. These areas are now increasingly business critical with the upturn in regulatory requirements as well as the demand for technical know-how.

Salaries for the contracting world are moving upwards as the demand increases within a tight market. Over the years, we have seen a slight premium in contractor salaries and 2018 will prove to be much of the same.

Cain Yee - R1329079's picture
Associate Manager | Contracting, Corporate Governance & Project & Change
cyee@morganmckinley.com

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